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.
The New Economic Cities announced six years ago are yet to begin contributing to Saudi’s economy.
China’s Foreign Ministry said it would send a senior diplomat to Syria for talks on Friday.
Brent crude slips to $118 as a final decision on Greece’s bailout package faces a possible delay.
The bank reported that net profit for the full year increased by six per cent from 2010.
Issuers and investors remained wary of volatility in the capital markets, according to PwC.
The bond was five times oversubscribed and received orders from more than 270 investors globally.
The Dubai government will continue to help government-related bodies, says Sheikh Ahmed bin Saeed al-Maktoum.
The agreements were signed between Oman’s health ministry and Oman LNG.
Smoking cigarettes and shisha in most public places will now be punishable by law.
Sheikh Salem Abdul-Aziz al-Sabah blamed a rise in public spending for his decision.
The struggling Bahraini carrier will use the amount to meet its medium-term capital needs.
The columnist fled Saudi Arabia after his comments on Twitter caused an outrage in the kingdom.
The two companies are in negotiations to build a methanol complex in Trinidad and Tobago.
This is the first time that the UAE airline, started eight years ago, has recorded a profit.
The Bahraini telecoms operator will receive $174.5 million, the same amount that it paid to purchase the stake in the Indian firm.