Sovereign wealth funds in the region are expected to make the biggest investments, with Europe slated to receive the bulk of the amount.
Batelco, via wholly-owned subsidiary BMIC, had sued Chennai-based Siva and its chairman Chinnakannan Sivasankaran.
Dubai’s index drops 2.3 per cent while Abu Dhabi’s benchmark slides 1.4 per cent.
Shares in Dana Gas dropped 4.8 per cent on Sunday as part of a wider rout in Gulf stock exchanges that was partly due to the news from Iraq.
Azar has been with Barclays since September 2010, when he joined from private equity firm Kohlberg Kravis Roberts & Co.
Aramex CEO Hussein Hachem says he will be looking to bring Mail Call’s ‘WantItNow’ e-commerce delivery service to other markets.
A study by the International Finance Corporation (IFC) found a potential market gap of up to $13.2 billion for Islamic financing in the region.
The more densely arranged cabins will be available early next year.
A US district judge said that customers may pursue claims that the networking site violated their right of publicity.
The Qatari ambassador allegedly denounced a Libyan Supreme Court ruling on his twitter account.
Abu Dhabi-based Etihad is prepared to invest up to $1.70 billion over the next four years.
Second citizenship offers greater stability and security, tax efficiency and ease of travel, among other benefits, say experts.
After being hit hard by the Arab Spring and the Syrian civil war, the Middle East’s troubled tourism markets are fighting back even as political hurdles remain.
Job opportunities in the hospitality sector have increased due to the growing number of hotel projects in the region.
The move could further inflame concerns about how the social networking site treats personal privacy.
Etihad is looking to invest up to $1.7 billion in Alitalia over the next four years.
Sanaa’s two million residents have been forced to light their homes with candles or private generators, fuel for which is increasingly expensive.
The Dubai carrier cancelled its entire order of 70 A350 XWB aircraft following a “fleet requirement review”.
By 2019, 50 per cent of handset subscriptions in the Middle East and Africa will be for smartphones.
Emirates placed the order for 50 A350-900 and 20 A350-1000 jets in 2007.
The opening of the consulate in LA comes amid strengthening commercial and trade ties between the two nations.
Gabriele del Torchio said Etihad was proposing to invest up to 560 million euros in Alitalia.
A terrorist attack killed at least 27 people in Karachi’s Jinnah airport on Sunday.
Abdel Fattah al-Sisi, sworn in as Egypt’s president on Sunday, is faced with fixing growing unemployment in the country.
Etisalat led a consortium that bought a 26 per cent stake in Pakistan Telecommunication for $2.6 billion, with $1.8 billion paid upfront.
Experts say that advertisers are yet to be convinced of users’ receptiveness to mobile ads.
Alitalia and Etihad have been in talks since December, but a deal has so far proved elusive.
The former army chief won 97 per cent of the vote during last month’s presidential election.
The ‘coming-of-age’ population will turn to mobile travel solutions and will plan, book and manage their options online, a study says.
The UAE pledged last October to build a total of 25 wheat silos with a storage capacity of 1.5 million tonnes to help prevent the loss of billions of dollars worth of wheat per year.