RBS, Commerzbank and Standard Bank are all threatening legal action against the Dubai Group.
Gross domestic product figures carry momentum from 2011 despite the potential woes of a global recovery.
Lending to the shipping industry is facing stormy waters amid a difficult global backdrop.
Qatar Holding is planning to open Harrods branded hotels in Malaysia, Paris and New York.
New foreign partners, mainly from the Far East, are being targeted as stakeholders of the future.
Number of visitors to Dubai’s International Airport climbs with a big increase from flydubai’s new Russia service.
Fawaz Al-Hasawi is in the final stages of purchasing one of England’s most famous football clubs.
The Arabtec consortium, that includes Greek and Turkish firms, will build a terminal at the Abu Dhabi airport.
The demise of Gaddifi has unleashed a treasure trove of opportunity, but one that’s fraught with risk.
Key concerns about the European debt crisis offset worries about tighter North Sea supplies.
Women athletes from the Kingdom will be allowed for the first time to compete in the London Olympics.
Qatar’s government is hoping that its nascent non-oil sector will keep the economic engine running.
Qatar plans to buy four hotels from Starwood for around $940 million, according to French media reports.
The new pipeline is expected to end the UAE’s dependence on the shipping route that Iran has threatened to block.
The retail and hospitality conglomerate moves into the healthcare industry with the launch of medical clinics.
The UAE ranks highest in the region for global retail expansion, says a report by A.T. Kearney.
The world’s biggest social network acquires the company behind the ‘tagging’ of photos for $60 million.
The Gulf is refining its billion-dollar petrochemicals agenda to supply value-added products across the globe.
Voters go to the polls for the second day as the country decides its first new president since Mubarak.
Country will not become the next Greece, says Her Excellency Cecilia Meireles, Portugal’s Minister of Tourism.
Officials say new laws are needed to prevent misuse of social networking tools in the country.
Officials have confirmed that expatriate residents need to provide tenancy contracts and utility bills to renew visas.
Political uncertainty has resulted in economic uncertainty for the country as markets drop.
Concerns about the Eurozone debt crisis pushed crude oil prices towards its lowest so far this year on Tuesday.
The $125 billion aid package received by Spain to boost its banks has revived oil demand hopes.
The Kingdom’s GDP growth during the first quarter of 2012 reduced slightly compared to the fourth quarter of last year.
The company currently produces around eight million tonnes of liquefied natural gas a year.
Qatar Telecom will pay $1.47 billion to increase its stake in Iraqi operator Asiacell to 60 per cent.
Gulf Business presents the world’s most influential Arabs.
Over 1.2 million travellers passed through the Abu Dhabi International airport during April 2012.