The centre is expected to facilitate greater cross-border renminbi investment and financing business and boost trade between China and the region.
Qatar National Bank and Qatar International Islamic Bank have signed an MoU for the venture.
The UAE’s foreign affairs minister had rebuked Pakistan for not participating in the Saudi-led coalition fighting Houthi rebels in Yemen.
Trade has been buoyed by increased ‘bellyhold’ aircraft capacity from Emirates, Qantas and Etihad Airways.
Bahri expects to book revenues of at least $67 million annually from the deal.
he Treasury said its sanctions would shut Al-Furqan out of the U.S. financial sector and prohibit Americans from doing business with the organisation.
The airlines’ logos will feature on the team’s shirts, and their branding will also be advertised in the Wankhede Stadium.
Joining the Saudi-led coalition could inflame a sectarian conflict in Pakistan, where around a fifth of the population is Shi’ite.
The UAE follows a number of other Gulf countries such as Saudi Arabia, Kuwait, Oman and Qatar that have flocked to join the new Asian bank.
The airline will begin increased services to Jakarta and Bali from July 5 and July 16 respectively.
V. Shankar has resigned as CEO of Europe, Middle East, Africa and Americas after 13 years at the bank.
Shareholders of Doha Bank, Qatar’s fifth-largest lender by assets, approved the purchase in December 2014.
The cash will be used to finance a number of projects that Shandong is currently working on.
Pakistan, an ally of Saudi Arabia, has yet to commit itself publicly to military support to Riyadh’s campaign in Yemen.
Lee, a British-educated lawyer, is credited with building Singapore into one of the world’s wealthiest nations on a per capita basis.
The Dubai-based ports operator said it will help Maldives develop infrastructure, logistics and transport links.
The funds represented about of fifth of the total amount of so-called ‘black money’ that the authorities suspect was illicitly stashed abroad.
An increasing number of Filipinos in the UAE are opting to buy property in their home country.
Hong Kong will come back stronger from the pro-democracy protests that spooked investors in 2014, experts say.
The Australian government said it is verifying whether 18-year-old Melbourne teenager Jake Bilardi has been killed.
Mohd Faris Anuar and Muhamad Wanndy Muhammad Jedi, aged 20 and 25 respectively, were identified as the men involved in the beheading of a Syrian man.
The facility, at Abu Dhabi’s Khalifa industrial zone, will produce 240,000 tonnes of sour grade steel pipes.
The MoU calls for South Korean firms to help build at least two small-to-medium sized nuclear reactors in Saudi.
The new non-stop service will begin from June 3, with Bali becoming Emirates’ 148th global destination.
The airline’s turnaround strategy includes stripping costs, freezing capacity and slashing 5,000 jobs.
Oil fell on Tuesday after a bigger-than-anticipated rise in U.S. crude oil stocks.
The grouping will evaluate projects in the Turkish region including the development of lignite power plants.
Due to the fact that the project is of “national interest”, MSM decided to build it without a partnership, it said.
The UAE looks to grab a larger share of trade with China, outwitting its Gulf peers.
The OPPO R5, priced at Dhs1,899, measures 4.85mm and comes with a 13MP camera.