KIPCO, OSN’s parent company, had indicated that an IPO was expected to happen this year.
Narendra Modi’s BJP party won the 2014 Indian elections with a landslide majority.
Poor financial reporting and an absence of credit bureaus are hindering SME lending.
Natixis currently has around 40 staff in Dubai, as well as a small representative office in Egypt.
The UAE and other Gulf states promised more than $12 billion in loans and donations to support the Egyptian economy after Mursi’s removal.
Global oil demand growth will be slightly higher than previously thought in 2014, at 1.32 million barrels per day (bpd), the IEA said.
U.S. Defense Secretary Chuck Hagel addressed a meeting of GCC defence ministers in Jeddah.
There has been a marked increase in the number of direct air connections between the two regions in the last year.
Iranian Foreign Minister Mohammad Javad Zarif has visited most of Kuwait, Qatar, Oman and the UAE since the nuclear pact.
The Fund estimates that subsidies cost the region $237 billion annually.
The passenger was on Saudi Airlines Flight 113 from Jeddah to London.
Beck’s Belcanto will be another ‘casual fine dining’ concept, similar to Social by Heinz Beck at The Waldorf Astoria Dubai Palm Jumeirah.
The Southeast Asian country is boosting social media promotion and working on improving air connectivity to lure more visitors from the GCC.
Despite a closing of the gap between Western and Arab salaries in 2014, average wages have declined overall.
The Gulf Business 2014 Salary Survey found that salaries for Western expatriates in the GCC fell steeply last year.
The Gulf Business 2014 Salary Survey found that the average wage of an Asian expatriate in the GCC dropped by 4.27 per cent.
The Gulf Business 2014 Salary Survey found that there has been an influx of well-qualified Arab expats into the GCC in the last year.
Russia’s military intervention on Ukraine’s Crimean peninsula and its aftermath in eastern Ukraine have rattled oil markets for the last few months.
Housing allowance currently stands at around 25 per cent of basic pay across most GCC countries.
The disease, a form of coronavirus, has killed 121 people in Saudi Arabia since it was identified two years ago.
The company has around 25 new hotels in the pipeline, which are to be launched over the next five years, a top executive said.
The GCC states warned citizens against visiting Lebanon last June because of the unrest in neighbouring Syria.
The full functioning of the Gulf Customs Union has been partly delayed by disagreements over a formula on how to divide customs revenues between the states.
The hotelier is currently mulling six projects in Dubai, says chairman.
The Middle East is expected to benefit from the high rate of outbound travel spend by Asian travellers, a study says.
The country’s economy is predicted to grow 2.1 per cent this fiscal year, finds poll.
Oil prices are set to drop to $106 per barrel in 2014 and $101 next year from around $108 now.
State-linked firms are likely to repay obligations ahead of schedule.
IMF official asks Dubai officials to look at stricter measures such as those used in Singapore and Hong Kong to cool property market.
Alkhair, which has been operating in the Saudi market since 2009, opened an office in the Dubai last month.