Saudi Arabia’s bourse took the biggest hit, dropping 4.8 per cent to 8,625 points, its lowest close since early January.
Hassan Al Thawadi assured Asian Football Confederation members they too would also feel the positive affects of a first World Cup in the Middle East.
The UK’s Sunday Times newspaper revealed fresh corruption allegations detailing how votes were reportedly bought and sold.
Raysut will try offset the impact of higher gas prices by making other cost reductions, improving efficiency and restructuring its own prices, according to a bourse filing.
The regulator denied reports that the country was studying the feasibility of continuing the peg between the dirham and the US dollar.
The government plans to introduce hikes to gas prices in 2015.
Since 1997, the UAE dirham has been fixed at a rate of 3.6725 to $1.
The Bahraini telecom operator paid $416.2 million for a 96 per cent stake in Umniah in 2006.
Global weather patterns could once again impact the Gulf, writes the author of ’10 Tips For Leadership In The Middle East’.
Choosing the 911 over the baby Porsche is becoming all the more difficult.
The plant, which is BRF’s largest outside South America, will have production capacity of approximately 70,000 tonnes of food products a year.
The complex had been scheduled to be completed in late 2016, but industry sources said that it faced delays of six to 12 months because work on associated infrastructure was behind schedule.
The restaurant will span across 14,000 square foot and will have a network of 30 individual roller coaster tracks that loop, spiral and spin around diners to deliver the menu and food to tables.
Saudi has kept the market guessing about its response to crude’s fall amid rapidly rising U.S. shale output.
The fast food chain plans to open about 14 branches within Egypt following the launch of its first store.
Oil prices have fallen 30 per cent since June to below $80 per barrel.
The company plans to invest in a new refinery and a clean fuels project, its chief executive said.
A two per cent tax on the remittances sent by foreign workers in Oman is estimated to generate about OMR62 million.
Iran’s oil minister will meet his Saudi counterpart in Vienna to persuade the oil giant for cuts in oil production and supply, state news agency said.
Oil prices have fallen by 30 per cent since June to around $80 a barrel, alarming some OPEC members.
FIFA’s ethics committee earlier announced that there were no grounds to reopen the bidding process which led to Russia and Qatar getting the tournaments.
The mounting oversupply of property means a price correction could be coming, writes Peter Cooper, editor of Arabianmoney.net.
Africa’s fast growing economies have transformed the continent into a booming frontier market, but risk is still a primary concern for GCC investors.
The UAE has lofty ambitions to soon transform itself into a smart and mobile government. Are things proceeding on track?
Abu Dhabi Motorsports Management did not say how long the deal was for but the previous one was not due to expire until 2016.
In the past two weeks, Zanganeh has visited Gulf Arab states Qatar, Kuwait and the UAE in a bid to win support for action to stabilise oil markets.
Emirates and Qatar Airways have signed financing facilities with banks to purchase new planes.
The aviation sector supported a total of 416,500 jobs and accounted for 21 per cent of the emirate’s total employment in 2013, a new report said.
The recently-opened Al Etihad Credit Bureau collates bank data on people’s credit histories.
Around 29,400 people, or 1.4 per cent of Qatar’s population, are estimated to be working as slaves, in forced labour or domestic servitude, a report said on Monday.