Iraqi Prime Minister Nuri al-Maliki has long had chilly ties with Sunni-led Gulf Arab states, which in turn view him as too close to Shi’ite Muslim Iran.
The need for Islamic interbank tools is relatively acute in Oman because its Islamic banking regulations prohibit the use of commodity murabaha.
Kuwait also expects its ratio of non-performing loans to decline in 2014.
The view on oil demand growth from the OPEC contrasts with that of the U.S. government’s Energy Information Administration, which on Tuesday cut its forecast.
Public sector wages and operating costs have driven up Sharjah’s government spending in 2014.
Kuwait’s central bank governor said the dispute had not marred relations between his counterparts from the six-member Gulf Cooperation Council (GCC).
At least two passengers using stolen passports had boarded the missing Malaysian Airlines flight.
Second Waldorf Astoria to open in the UAE features varied F&B options and MICE facilities to appeal to business and leisure travellers
Telecom Egypt has been relying on its data business to boost revenue.
Dubai Internet City and Dubai Outsource Zone recorded strong growth in 2013, TECOM said.
Higher oil prices due to tensions in Crimea and economic weakness in Argentina and Brazil are expected to weigh on profits.
The Shoura Council has also asked the Kingdom’s anti-corruption agency to provide a report on the graft situation in the country.
The project looks likely to be on time and on budget and is being built as per the “highest standards”, says nuclear expert Lady Barbara Judge.
New tech move allows guests to access hotel services and make spa, golf and movie bookings
The deal is a further fillip for Boeing, following flydubai’s large 737 MAX order placed at the Dubai Airshow
Housing, water and electricity costs rose 1.5 per cent in the last two months and were the largest contributors to the overall increase in the consumer price index.
The search for the Malaysian Airlines jetliner and its 239 people on board has now entered the fifth day.
Weakness in equities and base metals, along with technical buying, propelled gold prices through resistance at $1,355 an ounce.
The move coincides with a wide-ranging government crackdown on corruption.
Necessary market maturity and support infrastructure have increased the appeal of the Middle East’s art market, experts say.
The move follows the withdrawal of the Saudi, UAE and Bahraini ambassadors from Doha last week over foreign policy disagreements.
The specimen, a late Jurassic period dinosaur, is 24.4 metres long and 7.6 metres high and is expected to boost the mall’s footfall.
Saudi Arabia aims to develop shale gas for power generation in order to save more of its crude oil for export.
International filmmakers will only be lured to the city if it offers attractive benefits and creates a strong production ecosystem, say experts.
The company plans to use the proceeds for possible future acquisitions and investment in existing assets.
The South Korean car maker has so far focussed on manufacturing fuel-cell cars.
The district will help Dubai earn around Dhs300 billion in tourism revenues per year by 2020, the developer says.
Emirates REIT, which was formed in 2010, has eight properties valued at over Dhs1.1 billion.
The lender has picked ANZ, Citigroup, HSBC and itself to arrange the Kangaroo bond.
A source close to Qatar’s government said last week the dispute had more to do with issues in the wider Middle East such as the crises in Egypt and Syria.