The assistant military attache at the Saudi embassy and his bodyguard were fired upon in their car.
Former CEO Shahzad Shahbaz left the Qatari investment bank last week.
International Petroleum Investment Company (IPIC) plans to issue a dual-curency bond spread across two tranches.
Sultan bin Nasser Al Suwaidi says that the banking sector in the country has stabilised and lenders have a solid capital base.
The biggest businesses in the United Arab Emirates.
The Gulf country came 18th in the Economist Intelligence Unit’s global list of the best countries to be born in.
Etisalat’s Saudi unit, Mobily, has been banned from selling pre-paid SIM cards by the Kingdom’s regulator.
Banks form the majority of the top companies in the Gulf State.
The potential increase will boost KFH’s capital to $1.24 billion.
Booming tourism made up for the slow down in growth in foreign trade.
The new plant, called Yanbu III, will have a capacity of 550,000 cubic metres per day of desalinated water.
The biggest businesses from the tiny Gulf state of Qatar.
While 21 per cent of UAE hotel projects in the pipeline have been postponed, 54 per cent are confirmed, finds new study.
Most of the job-cuts are in back office roles such as IT, according to sources.
The project, to be developed by Meraas, will also include a Bollywood-themed section.
The airline generated $809 million in revenue last year and expects growth to come from higher demand.
The joint venture energy firm plans to bring a cleaner fuel project online.
Abu Dhabi’s flagship carrier is eyeing up minority stakes in Jet Airways and SpiceJet.
Qatar Holding, the lender’s top shareholder, has monetised its remaining 379 million units.
Mobily will not able to resume sales of pre-paid cards until it meets provisioning requirements.
Sheikh Mohammed instructs work to begin on the second phase of the Dhs2.5 billion JW Marriott Marquis.
The Kingdom saw increased liquidity and banking deposits in 2012, fuelled by high oil prices and government spending.
Card payment processor Network International has acquired a stake in TimesofMoney for an undisclosed sum.
The Sharjah-based natural gas producer failed to repay its creditors on the maturity of its $920 million Islamic bond last month.
The 15-year Sukuk is National Bank of Abu Dhabi’s third issuance in the South East Asian currency.
The total number of cases has now risen to six, and two of the patients have died.
The deal grants the Dubai-based airline a five-year extension to its shirt partnership with the football club.
The mall will be part of a new retail and tourism complex that also includes a park bigger than London’s Hyde park.
A menu brimming with as much seafood as meat, this is a steakhouse to savour.
The Gulf state needs thousands of experienced industry professionals to bolster its finance practice.