Oil fell on worries that Spain may be forced to seek a lifeline from international lenders.
Seven consortia including Qatar Airways and Bahrain’s airlines are hoping to qualify for a new licence in the Kingdom.
The country’s first nuclear station will begin construction as the licence is agreed for ENEC and KEPCO.
The Eurozone debt crisis is slowing down economies across the world, said the International Monetary Fund.
The UAE aims to increase exports from the new oil terminal as threats to close the Strait of Hormuz rise.
The country’s oil production fell 4.1 per cent to 27.7 million barrels in June compared to May.
Rents for both villas and apartments have increased year-on-year in 2012, says a new report.
Saudi Arabia will include two female competitors in its London 2012 Olympic team for the first time.
Five-star luxury resorts, marinas and a sports academy are planned for Ras Al Hadd following agreement.
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.