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The project will be built with Egyptian-Arabtec cooperation at a cost of $40bn.
March 04, 2015 - 19:47 GMT
Housing Ministry asks for higher percentage of residential units than previously agreed, says source.
Bank of Khartoum has applied for a branch licence and is hoping to finalise the process of obtaining it within weeks, he said.
March 04, 2015 - 19:24 GMT
Bank of Khartoum, an Islamic institution which is Sudan's biggest privately owned bank, plans to open a wholesale banking branch in Bahrain.
Most of them are UAE nationals who manage a number of homegrown businesses in the country.
March 04, 2015 - 18:57 GMT
The richest five people in the UAE, with a combined net worth of $21.7 billion (Dh79 billion), have made it to this year’s Forbes World’s Billionaires List.
As a good example of how to behave online, the conference organisers chose a number of influential social media figures to be speakers at the event.
March 04, 2015 - 18:51 GMT
Online etiquette and the correct way to behave on social media will be the focus of a major youth conference opening in Bahrain next week.
A source at the Beirut Municipality told The Daily Star that the police will be hunting down and shutting clinics discovered to be operating without licenses.
March 04, 2015 - 18:35 GMT
In a statement, Chebib said all illegitimate aesthetic centers in Beirut would be shut down until they obtain legal status.
The devices are anticipated to receive a mixed reaction in the UAE,
March 04, 2015 - 18:29 GMT
The much-anticipated devices were launched by the Korean manufacturer ahead of the Mobile World Congress in Barcelona.
Brent crude fell more than $3 on Monday as traders refocused on rising global supplies.
March 04, 2015 - 14:43 GMT
Oil rebounded by more than $2 towards $62 a barrel on Tuesday as fighting in Libya, stronger equity markets and firm demand helped Brent futures recover from their biggest one-day loss in a month.
The completion date of the GCC rail, which will connect all six Gulf states, might be pushed back to 2020, the chairman of the UAE’s Federal Transport Authority (FTA) said.
March 04, 2015 - 14:32 GMT
“Initially we set the deadline for 2018…but some countries might not deliver on time,” said Abdulla Belhaif Al Nuaimi, minister of public works and chairman of the FTA.
Kuwait is set to award about KD14 billion ($47.2 billion) worth of projects this year, almost double the value of contracts awarded in 2014.
March 04, 2015 - 14:22 GMT
Last year, Kuwait had awarded KD7.3 billion ($25 billion) worth of contracts. It was almost four times as much as in 2013 and more than the last three years combined, stated MEED Projects in its report.

Egypt is also working to boost offshore oil and gas output by paying foreign explorers more to produce.
March 04, 2015 - 13:33 GMT
Sherif Ismail outlined several measures intended to stave off Egypt's worst energy shortages in decades, including launching a new round of talks to secure LNG until 2020.
Manasir owns several large investments in Jordan in the fields of oil and construction.
March 04, 2015 - 13:17 GMT
Jordanian billionaire Ziad Manasir slipped in annual ranking of global billionaires released by Forbes magazine this week.