Sony plans to turn its struggling TV business into a separate entity – Sony Visual Products Inc – within a few months.
The loan for the state carrier required no repayments until 2027, reported the Australian Financial Review.
The lack of progress in talks that ended last week in Vienna had raised doubts over a breakthrough by the July 20 deadline.
The six youngsters were detained for what police called their “obscene” behaviour, one of them said in an online posting.
Mubarak has been under house arrest at a military hospital since August.
The franchise agreement includes plans to setup 15 restaurants in the UAE over the next four years.
UAE carrier’s two-level facility offers free wifi and is the airline’s first lounge in Australia
Abdullah Elshamy, one of four reporters being held in Egypt, has been on hunger strike since Jan. 21 to protest against his detention.
Emir Sheikh Sabah al-Ahmed al-Sabah will visit Iran on May 31-June 1 at the invitation of Iranian President Hassan Rouhani.
Combined profits of Islamic banks broke the $10 billion mark for the first time at the end of 2013
The carrier placed a surprise order for 50 more of the jumbo jets during the Dubai air show in November.
The global NGO, headquartered in Dubai, aims to boost international awareness of free zones.
Airbus plans to decide later this year whether to upgrade the wide-body jet with new engines.
The supermarket chain plans to open five outlets across Malaysia in the next two years.
Heavily armed gunmen stormed Libya’s parliament on Sunday demanding its suspension.
Fluor Corporation has won the engineering, procurement and construction contract for the facility.
The capital measures will increase the bank’s Common Equity Tier 1 ratio and help the German lender expand its investment banking business.
For the third time in a row, Prince Alwaleed tops Gulf Business’ list of the region’s most influential people.
Asking prices rose 3.6 per cent in the four weeks to May 10 to an average of $456,900.
Germany’s flagship lender is preparing a multi-billion euro capital increase.
It will be ICBC’s fourth branch in the Gulf Arab region after Doha, Abu Dhabi and Dubai.
Security forces have detained thousands of Brotherhood supporters since the military deposed president Mohamed Mursi last July.
Total value of building construction expected to reach $128.5 billion, with the medical sector getting the biggest market share.
KIPCO, OSN’s parent company, had indicated that an IPO was expected to happen this year.
A large budget deficit and concerns that the El Nino could devastate agricultural output, require immediate attention.
Narendra Modi’s BJP party won the 2014 Indian elections with a landslide majority.
Stickers printed by far-right politician Geert Wilders display anti-Islam slogans.
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.
Congress faces worst-ever result, Rahul Gandhi may lose seat.