Abu Dhabi-listed energy company Dana missed repayment of its $920 million sukuk that matured in October last year.
Y&R Dubai bags agency of the year award for the third year in a row.
Men still 2.8 times more likely to start a business in MENA as the UAE ranks 22nd on a global survey for ease of setting up a company.
The forecast is lower than the Economic Development Board’s prediction last month of 6.2 per cent for 2013.
Last September the central bank announced it would develop its monetary policy framework enabling banks to borrow intra-day and overnight funds.
The renovation will start on July 8 and is expected to take up to 10 months.
The regulator is looking to implement previously issued rules and policies.
Arranging banks said order books totalled $14 billion, indicating massive demand for the deal.
Last month Egypt’s financial regulator approved an offer by Qatar National Bank for NSGB.
The seven men were sentenced to death in 2009 for a crime committed in 2006.
Managing director John Banaszkiewicz says the broker will take advantage of Dubai’s proximity to Asia.
NCoV is from the same family of viruses as SARS, which first emerged in Asia in 2003.
Workers are demanding better safety conditions after a worker died in an accident on Monday.
The emirate has signed an agreement for a petroleum storage facility in Malaysia’s Johor state.
The cabinet reshuffle includes four new ministers and one new ministry.
Special service marks island’s 45th anniversary of independence – and serves as a capacity-raising hint from the airline
The country scored much lower than the other Gulf states on the latest MasterCard Index of Consumer Confidence.
The construction firm already has 60 per cent stake in Target, an oil and gas construction business.
Survey finds only 31 per cent of female employees would stay put if offered a job elsewhere.
The size and pricing of the sukuk will be decided during roadshows taking place over the next fortnight.
More than $34 billion worth of Islamic bonds have been issued through the London Stock Exchange.
The discovery was made at the 4-North offshore block near Qatar’s massive North Field.
UAE nationals choose public over private sector jobs with investment firm Mubadala the company of choice.
Visitors from Qatar and Kuwait were found to be the biggest spenders.
France’s ex-President would take a non-executive role to help direct where to invest $650 million.
Qatar signed an MoU with Islamic Development Bank and the Dallah Albaraka Group last year to establish a new international Islamic bank.
Qatar has been a key source of foreign aid to Egypt since its 2011 revolution giving $5 billion.
The sukuk, maturing 2023, will have an amortising structure, with an average weighted life of five years.
The 2013 Gulf Business Salary Survey reveals the highest paying jobs in the country.
Investors are starting to buy back into the emirate’s stocks following a recent slump.