Industrial and Commercial Bank of China marks its first project financing deal for a hospitality project in the Middle East
Rapidly rising demand and slow production growth have made the UAE a net importer of gas over the past few years.
Presently only Delhi, Mumbai, Hyderabad and Bangalore have the required infrastructure for the jumbo jets.
Most of these schemes have failed in the past and can only be successful when accompanied by wage reforms and skill match up by locals, says new study.
The research partnership comes after findings that desert plants fed by seawater will produce biofuel more efficiently than other well-known feedstocks.
The company expects to complete construction of its ‘Mall of Egypt’ project near Cairo by the end of 2015.
The new office will help the company expand its presence in the wider Balkan region.
BAE lost a potential $10 billion deal to sell 60 Eurofighter jets to the UAE late last year.
Middle East CEOs are the most confident globally about short-term revenue growth in 2014.
Ambassador Nicholas Hopton dismissed criticism Qatar has faced in preparation for hosting the event.
Etihad will codeshare on 40 JetBlue routes within the U.S. with further codeshares planned for later in the year.
Abraaj’s investment will help Yörsan Group grow both domestically and internationally.
The French car company sold over 55,000 units in the region with the UAE recording the biggest increase.
Egypt’s tourism sector has shrivelled since former president Hosni Mubarak was toppled by a popular uprising in 2011.
Frederik, Crown Prince of Denmark, commended the UAE for embracing renewable energy.
Interested customers in the GCC can commission the limited edition model between January and June 2014.
Fast food chain plots Asian and European expansion on top of openings in UK and North America.
The project is an integrated entertainment, hospitality and leisure development and is expected to boost Jordan’s tourism industry.
The contribution of solar power towards the region’s energy mix is forecast to shift significantly in the coming years, says new report.
If Iran meets its end of the agreement, the European Union and the US will suspend some economic sanctions in return.
Fiji, Kiribati, Samoa, Tuvalu and Vanuatu will receive grants from the UAE’s $50m renewable energy fund.
GFH, which bought the second-tier club in 2012, said it had agreed to sell the stake to a consortium of British investors.
Shale oil remains much more costly to produce than most Middle East crude.
Total fees rose to $722 million in 2013, the highest since 2010.
A study has shown 71 per cent believe flexible working improves staff retention.
Mubadala has taken a 20 per cent interest in Block 2B and Shell has taken a 20 per cent interest in Block SK320.
A World Economic Forum report finds the gap between incomes is the biggest global risk, followed by extreme weather and unemployment.
TDX is the UK’s largest debt placement services and debt management platform company.
The Israeli delegation will be the first at government level to visit the UAE since the assassination of Mahmoud al-Mabhouh in Dubai.
OPEC sees fast growth in 2014 of 3.5 per cent, up from 2.9 per cent in 2013 as monetary stimulus continues.