Etihad is reportedly in talks to buy a 24 per cent stake in Jet for up to $330 million, say sources.
Up to 57 per cent of companies in the UAE are definitely or probably hiring new personnel in the coming three months, finds new survey.
The company borrowed heavily to build up holdings in a number of major companies, including carmaker Daimler.
The mining firm shut down the plant for three weeks for maintenance.
The UAE telecoms firm is planning to finance a bid for Vivendi’s 53 per cent stake in Maroc Telecom.
Kingdom Holding already has investments in China’s entertainment and hotel sectors.
The earnings fell short of analysts’ estimates as revenues for the quarter rose 18 per cent.
The change will be used to encourage more Emiratis to work in the private sector.
Negin Fattahi-Dasmal, founder and CEO of The Grooming Company, explains the success behind the region’s first male-only grooming parlour.
The emirate is sensitive to the issue given its geographical positioning to countries targeted by sanctions.
The emirate has announced plans to build a Dhs6 billion island project that will include the world’ largest ferris wheel.
The UAE lender said earlier this week it had mandated lead arrangers for the $500 million issue.
The surplus is equivalent to 12 per cent of the sultanate’s 2011 GDP.
Aluminium Bahrain blamed higher energy costs for the decline in income.
VTB, Russia’s second largest bank, could issue the Qatari wealth fund with $1.5 billion of new equity, says report.
Lack of properly developed infrastructure and operational facilities remain off-putting for certain segments of the market, says new report.
Bluewaters Island development will include the world’s largest ferris wheel.
The council rejected a clause that would allow foreign parties to own stakes of up to 100 per cent in companies.
The first instalment is due to be repaid in the second half of 2013.
The construction firm attributed the drop to growth in its civil business and the establishment of new offices in Iraq and India.
Gulf Capital, which has around $1 billion in assets under management, did not provide financial terms.
Saj Ahmad, aviation expert, says forcing the carrier’s closure may not necessarily benefit Gulf Air.
HH Sheikh Ahmed reveals Dubai’s new Al Maktoum International airport is to be inaugurated in October this year.
The number of Islamic financial firms which obey religious principles has increased substantially in Kuwait.
The privately owned airline was flying to around a dozen locations in the Middle East.
The Qatar Investment Fund first acquired a 5.2 per cent stake in April last year.
The kingdom’s Economic Development Board estimated GDP grew 3.9 per cent in 2012, up from 1.9 per cent in 2011.
Chief executive Abdulaziz Al Ghurairis optimistic about the bank’s performance this year.
The Saudi affiliate of Abu Dhabi-based utility Tabreed is developing a 55,000 RT project in Mecca.
The announcement marked a rare public appearance from the chairman of DAMAC, Hussain Sajwani.