Investcorp did not reveal the deal value in the statement but said that the new investment will allow it to expand its business.
Britain’s prime minister asked Sheikh Tamim bin Hamad Al Thani to consider further funding to help Britain’s push to develop cities in the north of the country.
The UAE was also one of the top 10 countries globally which improved its rankings in the ease of doing business list as it introduced around 20 economic reforms over the last year.
The airline is the world’s largest operator of the 777 range developed by US-based Boeing.
The price of benchmark North Sea Brent crude has dropped more than a quarter from a high above $115 per barrel in June.
The European Commission said on its website that it would decide by Nov. 17 whether to clear the deal.
Sheikh Tamim’s first official visit to Britain since becoming emir in 2013 will include talks with Prime Minister David Cameron and a meeting with Queen Elizabeth.
Airline won’t be able to compete with Emirates on scheduling but will on price
New route enhances Hungarian capital’s connectivity to eastern markets
Owing to large current account surpluses, the GCC is seen by international investors as better equipped to handle a period of rising interest rates than most areas of the world.
The fund has warned that fiscal balances across the GCC and other Middle Eastern countries will deteriorate if the policies continue to remain unchanged.
At least 33 security personnel were killed on Friday in the Sinai Peninsula bordering Israel and Gaza.
A string of economic reforms and steps to open up financial markets have created more opportunities for private firms.
Dubai’s index rose 1.8 per cent to 4,653 points as most stocks gained.
Part of the Emaar Square integrated community, it marks the first full fledged hotel and residence project of The Address Hotels and Resorts brand in the international market.
A sustained oil price decline of $25 reduces the revenue of most GCC countries by the equivalent of about eight percentage points of gross domestic product, and could therefore push many of them into fiscal deficits.
Gulf carriers, looking for routes on which to deploy their fast-growing fleets, have spotted a shortage of long-haul flights and have expanded into Italy.
Under the contract, the first phase of an expansion of the master gas system, SEPCO will install two booster gas compressor stations.
The private equity firm has been in exclusive talks for months to buy a controlling holding in the restaurant group.
Currently, around 25 per cent of the firm’s funds come from Asia and the Middle East.
The moves were part of a gradual tightening of EU sanctions against the government of Syrian President Bashar al-Assad.
EY ranked first in terms of the volume of published material while Deloitte produced almost a third of consulting thought leadership material, a new report finds.
The hackers potentially gained access to passwords, iMessages, photos and contacts, Greatfire.org said.
Oxy had said in October 2013 that it planned to sell a minority stake in its MENA operations as part of a restructuring programme.
The airlines will fly two Airbus A330-200 aircraft with the Expo livery starting from October 21 between Rome and Abu Dhabi.
De Margerie, 63, became CEO of the French oil company in February 2007, taking on the role of chairman in May 2010.
Muhammed Abd Al Rahman Awn Al-Shamrani, 39, should stay at the prison because he remains a security threat, the Periodic Review Board said.
Dubai’s index, which was up as much as 2.5 per cent early in the session, fell 0.4 per cent by mid-day as the pan-European FTSEurofirst 300 index edged down 0.6 per cent.
The wearable gadget’s battery life will exceed two days of regular use, Forbes reported.
Worries about weak earnings report on growth and business had sent Middle East bourses tumbling, with Dubai’s index down 13.6 per cent last week