Qatar?s Doha Bank has closed a project finance deal worth US$85mn with Kharafi National of Kuwait
Business & Management
UAE and Kenya sign first trade guidance agreement
Dubai?s DIFC Courts has signed its first Memorandum of Guidance (MoG) with the High Court of Kenya to reinforce the UAE?s position as a major economic gateway to East Africa
Emirates NBD opens new branch in Sharjah
UAE?s leading bank Emirates NBD has opened a new banking branch in Al Nasseriya, Sharjah, making it the eighth branch in the emirate and 99th in the UAE
Abu Dhabi government likely to reform electricity and water subsidies
The Abu Dhabi government is expected to reform its subsidies on water and electricity, according to a senior International Monetary Fund (IMF) official
GCC to register 4.5 per cent growth this year, states IMF
The International Monetary Fund (IMF) has forecast a 4.5 per cent growth for the GCC in 2014-15, with the non-oil sector set to grow six per cent annually