The Kuwait telco also said it would back a subscription by its Saudi affiliate.
The GCC is among the least economically integrated regions in the world. But that is changing.
Oil edges down as US crude stocks offset Iran fears.
The UAE-founded international ports company has cut its debts.
The bank said that it repaid the five-year Sukuk from its own resources.
The number of beneficiaries has risen by 170 per cent from December 2011.
The Kingdom is planning to spend more than $100 billion to establish 16 nuclear energy plants in the country.
Dubai’s ship building unit will ask its syndicated lenders to sign a lock-up agreement.
Interestingly, visitors from Russia were the biggest spenders in the UAE during the Dubai Shopping Festival, according to Visa.
Dubai’s Jebel Ali Free Zone is planning to launch a syndicated loan to partly refinance its $2 billion Sukuk maturing in November.
The International Energy Agency has warned that if crude oil prices don’t fall, oil import bills may soar to record levels this year.
As officials in Dubai complete the study for an expatriate pension scheme, experts say that the move will protect workers and improve the economy.
Talal Al Zain, who recently resigned from Bahrain’s sovereign wealth fund, has been appointed as the CEO of PineBridge’s MENA operations.
Britain is reportedly holding talks with Abu Dhabi to sell a part of its stake in Royal Bank of Scotland.
The internet contributes more to the UK economy than any G20 country.
The move marks the first significant direct investment by the Abu Dhabi fund in Brazil and Latin America, it said.
The rental rates for apartments and villas rose by one per cent in Q1 2012 compared to Q4 2011, according to Asteco.
A study is being conducted to check the economic impact of the move, which will introduce a single tax rate across the seven emirates.
Regional investors are ready to provide up to half a billion dollars to promote new businesses in the Middle East, say industry experts.
Emirates NBD said that its shareholders had approved a cash dividend of 20 fils per share for 2011.
The Mall of Egypt will be one of North Africa’s largest shopping centres.
More than two million people left their MENA homes due to the 2011 unrest.
The port operator has said that it will pay off its loan, which matures in October, six months ahead of schedule.
While the UAE capital has taken stringent measures to ensure compliance, Dubai and the other emirates are still lagging behind, say experts.
Dubai-based mall and hotel firm pulls in profits amid MENA Arab Spring turmoil.
The Dubai-based property developer saw overall revenues for 2011 falling by 33 per cent compared to 2010.
The UAE lender’s loan will help Indonesian coal producer AKT to meet its working capital needs.
Employed UAE residents will not need a labour card from the end of June, an official from the labour ministry has confirmed.
Abraaj is making the acquisition through its subsidiary, Riyada Enterprise Development.
The occupancy rate for hotels in February reduced by 2.4 per cent year-on year, according to STR Global.