The telecoms operator will not let go of any UAE citizens as part of the move, which is part of a restructuring plan to cut costs.
Egyptians are concerned about the transparency surrounding the former ruler’s trial.
The Kingdom is concerned about keeping the global oil market well supplied as demand from Asian countries increases.
The high-profile GCC Commission studying the formation of the Gulf Union is holding its first meeting in Riyadh.
The decision follows the ruling of an Indian court to cancel 122 telecoms licences in the country amid a corruption scandal.
The proceeds from the dual-currency loan will be used to fund the first phase of the Al-Sufouh project.
Abu Dhabi-based Al Jaber Group may hire a new CEO as part of a $1 billion restructuring plan, according to sources.
Levant Capital and Citi Venture Capital International have acquired a major stake in the Al Raya supermarket chain.
The Health Authority of Abu Dhabi (HAAD) has found that many slimming products contain dangerous drugs.
The integrated mining project is expected to contribute around SAR15 billion to the Kingdom’s GDP per year.
The Bahraini carrier said that the sum has been outstanding from the time Oman pulled out of Gulf Air in 2007.
The company is reportedly in talks with banks for a loan to repay its $3 billion deal that matures in October.
Dubai-based Abraaj Capital is planning to bid for Calik Holding’s media assets, according to sources.
The financial centre welcomed 56 new companies in 2011 and is eyeing companies from emerging markets.
The cash injection into the Dubai Mercantile Exchange (DME) has diluted the stake of Dubai Holding.
The telecoms operator said it is discussing restructuring options as it struggles to stall dropping profits.
Qatar’s sovereign wealth fund acquired the building for an undisclosed sum and has now leased it back to the bank.
The bank has mandated Emirates NBD Capital, HSBC and Standard Chartered Bank to arrange investor meetings.
Victoria’s $16.5 billion tourism industry has benefitted from Emirates’ marketing efforts, which include the Melbourne Cup
The region’s trade with Russia, India and China is set to grow much faster than trade with developed economies.
The region may even top the world in terms of growth of wealthy individuals this year, according to experts.
The recently inaugurated Green Line saw more than 11.8 million passengers during its first five months.
Saudi Arabia’s biggest property developer, Dar al-Arkan, plans to repay 3.7 billion riyals of debt this year, said CFO .
Sovereign wealth funds from the UAE and Kuwait have reportedly agreed to buy stakes in India’s ONGC.
Greater demand for expatriate workers boosts GCC population growth.
The DIFCI bond is in the spotlight as investors weigh Dubai’s refinancing risks in 2012.
Egypt expects to sign the IMF loan next month and will receive one-third of the funds immediately upon signing, said minister.
Tightening sanctions against Iran look set to shrink its economy but it won’t be a knock-out blow.
Changes in the royal line have raised questions about the direction and pace of gradual economic and social reforms.
Prince Alwaleed says his upcoming Arabic news channel will stand out from the competition.