Dubai World’s investment arm Istithmar bought the vessel from Cunard for $100 million back in 2007.
Under an agreement with Indian bourse BSE derivatives exchange DGCX started trading futures for the S&P BSE SENSEX.
Sri Lanka returned a 40,000-tonnes diesel cargo shipment from ENOC on Thursday saying it was “not up to the required specifications”.
ATSB report found oil leak led to a fire in the Trent 900 engine, which caused the break-up of a turbine disc and aircraft damage
China State Construction Engineering Corporation will make its first-ever Middle East investment in the Viceroy Dubai Palm Jumeirah project.
The 6MW Port Victoria Wind Farm is expected to power 2,100 homes in the island country.
Two refiners in India have asked for additional cargoes to make up for a loss of supplies from Iran, say sources.
The deal marks Qatar’s first major investment in a listed Indian company.
L&T will build a plant with a processing capacity of 75 million standard cubic feet per day.
Emaar MGF Land has been accused of using overseas funds to buy agricultural land, which is not allowed.
The fund raised its exposure limit on Chinese equities to $500 million from $200 million in the third quarter.
The state-owned lender expects to begin operations in the third quarter under the name of QNB India Private Limited.
The project, estimated to be worth less than $300 million, is due to come online in mid-2016.
With a market value of $11 billion, Asia’s second biggest airline desperately needs growth. Profit slumped nearly 70 per cent in the year to March 2012.
The Southeast Asian nation hopes to see a five per cent annual growth in Middle East travellers.
Emirates president Tim Clark said the airlines were not influenced by Etihad’s partnership with Virgin Australia.
The national airline carried a total of 463,999 passengers in the last year.
The deal is being channelled through Qatar Foundation Endowment.
Study finds over three-quarters of Muslims in MENA and South Asia want sharia courts to decide family law issues such as divorce and property disputes.
Japanese Oil Development Co. owns 12 per cent of the Abu Dhabi Marine Operating Company oil and gas concession which expires in 2018.
Sheikh Salman secured 33 of the 46 presidential votes available from AFC member associations in Malaysia.
The majority of the NRIs have investments in illiquid assets and expect familial support during retirement.
The Abu Dhabi carrier is approved to buy 27.3 million shares at 754.74 rupees each on a preferential basis.
Recent weak data from China and the United States has caused concern about oil demand.
The Abu Dhabi-based carrier is eyeing up a 24 per cent stake in the Indian airline, valued at around $330 million.
Manmohan Singh’s visit will be the first by an Indian prime minister in over three decades.
The precious metal fell as far as $1,541.14 an ounce, its lowest since May.
State-owned refiner MRPL said it will halt oil imports from Iran in April if insurance cover is not available for its refineries.
The Dubai airline’s long-term strategy “embraces opportunity,” states Emirates president Tim Clark.
The deal has just received conditional approval from Australia’s regulatory body.