September 17, 2014
The UAE has approved the construction of two additional nuclear power reactors at the Barakah site in the Western Region of the Abu Dhabi emirate by the Emirates Nuclear Energy Corporation (Enec)
September 16, 2014
The original in-absentia ruling had been appealed in July, but Sawiris, former CEO of construction and fertilizer producer Orascom Construction Industries, failed to attend the appeals court session on Sunday.
Arabtec "does not have the information" on such a deal, it said in a bourse statement.
Investment Corp of Dubai (ICD), the UAE emirate's sovereign wealth fund, will be developing a 800-room luxury hotel on Palm Jumeirah at a cost of $1.5 billion in partnership with Kerzner International Holdings.
Fund-raising has closed and Egyptians will no longer be able to buy the investment certificates now that the initial goal of 60 billion pounds ($8 billion) has been exceeded, the governor said.
That signaled stronger growth of output across global emerging markets, led mainly by a sharper increase in Chinese service sector activity.
Apple said it received a record four million first-day pre-orders of its new iPhone 6 and iPhone 6 Plus, meaning many customers will have to wait until October for their new phones.
The offer is valid across the 60 participating hotels and resorts in the Middle East and Africa when booked before September 30
Constituents from Qatar and UAE will be included in the S&P Emerging BMI series for the first time.
September 15, 2014
Part of the country’s KD30 billion ($104.7 billion) economic development plan, the CleanFuels Project will upgrade and expand two of the Gulf Arab state’s largest existing refinerie
International university education in the UAE is highly expensive, with the country ranking sixth globally in terms of overall costs, according to a new report from HSBC.
The poll also noted that 72 per cent of firms in the region expect to provide an annual salary increase of more than five per cent.
Sources say that Hasan Ismaik has finalised the sale of stake in Arabtec to Aabar and the deal will be announced soon.
The cost of the lawmakers’ decision, which has enraged the public, is expected to reach around JD6 million a year, a figure that will increase every new parliamentary term, if the law is enacted.
The figure represents a 63.5 percent decrease compared to the same month in 2013, when the deficit stood at LE24.88 billion ($3.48 billion).