Increased tourist flows to the region have catapulted the Middle East into the top global market for luxury spending, a new report says
The phone, priced at Dhs1799, is modeled around BlackBerry’s popular Bold 9900.
Kellogg said on Thursday that it would improve its offer to 86.36 Egyptian pounds per share, hoping to secure the deal.
Stock markets in Saudi Arabia and the UAE soared on Thursday as the price of oil rebounded.
The company did not disclose the value of the deal of the size of the stake it acquired in FBA.
The former US prosecutor said he had lost confidence in the independence of the FIFA ethics committee’s adjudicatory chamber.
The officers were killed on Wednesday when their plane crashed during a joint exercise in Egypt.
The regulator has yet to approve Abraaj’s new offer.
The new snacks manufacturing facility, in Dammam, is the company’s 15th facility in the Middle East.
The ratings agency said that large government funded infrastructure projects will continue to drive growth in the GCC even if oil prices slide.
A wave of panic selling wiped out $49 billion of stock market value across the Gulf Arab economies on Tuesday.
Oil has lost almost half its value since this year’s peak of $115 per barrel in June on slower global demand and the U.S. shale oil boom.
The Kuwaiti ship collided with a fishing vessel in the Red Sea, killing 13 Egyptians.
The bank is expected to start its regular operations by the end of March 2015.
Dubai’s index closed 7.3 per cent lower at 3,084 points, a one-year low, while Abu Dhabi’s benchmark ended 6.9 per cent lower on Tuesday.
Oil futures have almost halved since June amid rising output and cooling demand.
GCC states should rein in state spending, but in a gradual way to avoid hurting economic growth.
Hector Sants will advise the Abu Dhabi Global Market (ADGM) on the creation of its regulatory framework and its strategy.
Emirates set to be first airline to fly the A380 to Perth next summer
The collision is at least the second such recent incident involving vessels passing through the Suez Canal.
Authorities have not publicly identified the gunman, but a police source named him as Man Haron Monis, an Iranian refugee.
The majority of CFOs in the UAE reported a rise in optimism despite political turmoil in the region, a new survey says.
Interpol this month issued a Red Notice alert for Sheikh Youssef al-Qaradawi in connection with several alleged offences including murder, arson, vandalism and theft.
Belgian police cordoned off part of the city after the four men were seen entering the building in the Dampoort district, where they took a hostage.
Dana warned that the Kurdistan’s government could face sanctions if the autonomous region failed to pay the money to its consortium.
A quarter of organisations in the region have no women leaders in their 100 most senior roles, a survey by Mercer found.
At least one gunman has taken several people hostage at a central Sydney cafe.
Dubai’s gauge wiped out this year’s advances as oil prices plummeted to the lowest level since July 2009.
The latest addition will see Al Ghurair’s retail presence in the region increase to 90 shops from the 60 it currently operates in the UAE, Kuwait and Qatar.
Hazim Sharif steered clear of specific political references in interviews after his victory, which was broadcast to millions of viewers across the Middle East.