Record market highs fail to secure emerging market status for GCC economies, leaving regional equity markets inconclusive.
The UAE currently produces around 2.7 million tonnes and relies on imports for the rest, according to officials.
Construction of the $1.5 billion condensate refinery is expected to be completed by the second half of 2016.
The loan is a mix of Islamic and conventional financing managed by lenders including Abu Dhabi Islamic Bank and Dubai Islamic Bank.
Sandro Rosell negotiated the club’s $39.25 million sponsorship deal with Qatar Sports Investments.
Qatar has promised to hold a carbon-neutral World Cup and so is researching solar-powered cooling technology.
Dubai’s new Lamborghini and Ferrari patrol cars are the talk of the town, but they have some competition from elsewhere in the world.
Increased social networking and infrastructure development are among the factors that will drive future growth, says study.
The Jaguar XJL Supercharged is a luxury limousine that drives like a sports car.
Most residents in the GCC seem ill-equipped to handle a fire emergency, writes Aarti Nagraj. But are they the only ones to blame?
Arms exports are a sensitive issue in Germany given the role arms makers like Krupp played in fuelling 19th and 20th century wars.
Musallam al-Barrak, a former member of parliament, was sentenced to five years in jail this week, sparking protests.
Formula One’s commercial supremo Bernie Ecclestone will attend the race.
The 7.8 magnitude earthquake that hit Iran on Tuesday sent strong tremors across the GCC.
Earthquake measuring 7.8 magnitude rocked the Middle East on Tuesday, a week after previous earthquake.
Prices of the precious metal have witnessed a decline of more than 20 per cent so far this year.
Recent weak data from China and the United States has caused concern about oil demand.
Is China set to become the GCC’s most important economic partner by 2020? And what does this mean for the region?
The facility, located in Duqm, will be able to store up to 200 million barrels of crude oil.
Developers are reviving building plans after nearly three years of inactivity, encouraged by a gradual recovery in real estate.
Experts say the country’s sovereign wealth fund is only focussed on investments with high returns.
Energy consumption in the Middle East has outpaced gross domestic product growth, according to the World Energy Council.
The Dubai-based lender is accusing Netherlands-based ING of losing 40 per cent of a $108 million investment.
Hilda D’Souza brings you the top 10 must-dos on a trip to the Southeast Asian city.
The OPEC member produces three million barrels of oil per day but its gas production is relatively low.
The gas-rich Gulf state has already provided Cairo with $5 billion in loans and grants since Egypt’s Islamist President Mohamed Mursi was elected last year.
We compare the interest rates, annual fees and perks offered by financial institutions in the UAE.
The 6.2 earthquake that hit Iran on Tuesday was about 500kms away from Abu Dhabi, with tremors affecting the entire GCC.
Local reports stated that a young man was sentenced to be surgically paralysed after stabbing a friend who was also left unable to move.
Malaysian construction firm MMC’s joint venture with Saudi Binladin Group was awarded the contract to develop the Jazan Economic City in 2006.