The deal is expected to be worth between 1 billion euros ($1.4 billion) and 1.5 billion, sources say.
Saleh Lootah argued for a single global Halal standard at the Global Islamic Economy Summit.
The deal will cover maintenance work on 12 gas units at new power plants in Riyadh.
Under the deal, signed on Sunday, Iran is being given relief from sanctions in return for curbs to its nuclear programme.
Should Dubai win the Expo 2020, what can it learn from previous world fairs?
The agreement between Iran and the United States, France, Germany, Britain, China and Russia was nailed down after more than four days of negotiations.
Experts are working around the clock to prevent another cable cut disaster.
The UAE and other GCC countries continue to have low taxation polices which has helped boost trade in turn.
This national airline stopped operating flights to Iraq after the 1990 Iraqi invasion.
An additional 1.2 to 1.6 million GCC citizens could enter the labour market by 2018, estimates the International Monetary Fund.
The firm won industrial orders worth over $5 billion at the air show to sell parts and materials to Boeing and Airbus.
Saudi is evaluating options for its naval modernisation programme, including purchases of up to 12 of Lockheed’s steel monohull Littoral Combat Ship
Scottish city will be Qatar’s third UK destination and means the country’s two key cities will shortly be served by two Gulf carriers.
The soft loans will be granted through the Kuwait Fund for Arab Economic Development, said emir Sheikh Sabah al-Ahmed al-Jaber al-Sabah
Deal designed to fuel network growth and foster the country’s ongoing reconstruction.
At least 100 people were injured when two explosions targeted the Iranian embassy on Tuesday.
Airbus currently produces 42 of the current version of the A320
The carrier ordered 10 A320neos at the Dubai Airshow which are due to be delivered between 2018 and 2020.
The five men and one woman, all residents of New York City, were accused of being members of an unnamed global cybercrime organisation
Flynas is the second low-cost airline regionally to offer business class seating.
The airline has signed an MoU for three A350-900s and four A320neos.
Airbus agreed a new deal on Monday with Abu Dhabi’s state investment fund Mubadala.
Ghaith Al Ghaith believes there are not enough flights in the region but the demand is there.
Executives are worried whether the fighter plane will receive enough new orders needed to maintain production past 2016.
The move follows the Abu Dhabi carrier’s acquisition of a 33.3 per cent stake in Swiss airline Darwin.
Following completion of the deal, Darwin will be rebranded as Etihad Regional.
As part of an official UAE visit, David Cameron also visited Dubai World Central, the venue of the Dubai Airshow.
The US aircraft manufacturer said it was sticking to plans to deliver the 777X in mid-2020.
Mudslinging between nemeses can be risky, especially in the aerospace sector. But with both aircraft manufacturers holding global press announcements this year, ‘my plane is better than your plane’ comments were inevitable.
Since the 2011 uprising that toppled Hosni Mubarak, Egypt has burned through $20 billion dollars in foreign reserves.