Investment banking fees in the region reached $237.9 million in the second quarter of this year, a new report finds.
Zain’s Iraqi unit was sued by a local telecommunications firm over the $1.2 billion acquisition of rival operator Iraqna from Egypt’s Orascom Telecom in 2007.
Up to 350 million users generated a record Facebook “conversation” with three billion posts, comments and likes.
The settlement, signed over the weekend, caps months of negotiations.
The A330neo will have a range increase of up to 400 nautical miles, with room for up to 10 extra seats in the cabin.
Abraaj’s investment will help increase patient capacity, add new services and ramp up human resource training in the hospital.
National Beverage Company (NBC) manufactures and distributes Coca-Cola, Pampa, and other products in Lebanon.
The majority of high net worth business owners prefer consulting lawyers and accountants over their private banks for planning their wealth transfer to their successors, a new study finds.
The affiliate of Abraaj Capital is seeking to buy at least a 51 per cent stake in the Egyptian snack maker.
The investment is expected to help Evolvence Knowledge Investments Limited (EKI) to expand its offerings in the region.
Egypt has been largely unable to buy crude oil in the international market for more than a year due to a domestic subsidy scheme.
Starwood’s global president and CEO plots the next phase of the hotel chain’s ambitious Middle Eastern expansion.
Forecasts for U.S. shale oil production vary from an increase of 7.5 million barrels per day by 2020 – almost doubling current domestic output of 8.5 bpd.
The move is expected to boost trade and business ties between the UAE and Canada.
Qatar sold the shares at 1,915 pence each as part of its portfolio management, a source said.
The agreement covers codeshare flights, loyalty programmes, airport lounges and the coordination of airport operations.
Finance Minister Arun Jaitley also raised limits on foreign investment in defence and insurance ventures to 49 per cent from 26 per cent.
Qatar Holding is set to slash its 15 per cent stake in the owner of the London Stock Exchange by a third.
Sharjah-based Pangates supplied petroleum products to Syria from 2012 to April this year, the U.S. Treasury Department said.
A total of 15,797 BMW and Mini vehicles were sold in the region with the UAE accounting for half of total sales.
The city’s political stability and rising demand from a burgeoning workforce have been instrumental in attracting international investment to its property market, a new report says.
Deal first announced as a commitment at the 2013 Dubai Airshow has now been finalised
DP World owns one-third of Djibouti’s Doraleh Container Terminal.
Kazakhstan is introducing a 15-day visa-free regime for citizens from 10 countries.
Dubai carrier decides to call time on Ukraine service which launched in January
The UK’s Serious Fraud Office reportedly questioned and arrested four former and current employees at Airbus unit GPT Special Project Management.
ADNOC is reportedly planning to take up to two million tonnes capacity in India.
Deal provides Abu Dhabi carrier with access to Gol’s domestic network as well 14 destinations across Latin America
The official was killed “when mortar rounds fell” in the Ibrahim Bin Ali area, a military spokesman said.