Facebook has 45.2 million users in the region while four million Arabs use LinkedIn, says new report.
Zain’s share hold in the Saudi operator could rise to above 50 per cent forcing the Kuwaiti firm to consolidate losses.
Oman’s largest lender has offered new shares to existing holders at a discounted price to raise over $250 million.
The bank has withdrawn from the interbank panel following the Libor scandal in the United Kingdom.
Aarti Nagraj catches up with the Kana’an sisters, who describe the tough but fulfilling life of being an entrepreneur in Dubai.
The Gulf-state priced five and 10-year tranches at $2 billion each, attracting an order book of over $24 billion.
The Dubai-based developer has selected seven regional and international banks for investor meetings in London.
The Dubai Islamic Bank-owned mortgage lender posted its second straight quarterly profit fall.
Farnborough Air Show: Two Premiership football teams have asked for sponsorship from the Doha carrier.
The global technology firm plans to increase regional hiring and open more offices in a major expansion drive.
Lending to the shipping industry is facing stormy waters amid a difficult global backdrop.
Kathmandu’s growing hotel options offer tourists a luxury experience away from budget paths.
Analysts are not revising share price forecasts following a surge in banking shares after mortgage law approval.
The $500 million Sukuk, EIB’s second issue this year, is priced at par and is due to mature in January 2018.
The country has called for a closer relationship with Egypt as it begins a new era under President Mursi.
Abdul Aziz Al Ghurair is the man behind Mashreq, the UAE’s largest privately owned bank. In a rare interview he opens up to Alicia Buller on the greed culture that engulfed the UAE’s banks and lurched the industry into crisis.
UAE-based business has teamed up with global enterprise MSD to target cardiovascular diseases.
The Dubai-based port operator sold its 60 per cent stake to Australian firm Flinders.
New plans unveiled for the former cruise ship leave her floating in Port Rashid rather than off Palm Jumeirah.
Al Nabooda, the distributor of Porsche, Audi and Volkswagen in Dubai, plans major investment push.
Crude oil across the region is down as caution in China has knock-on effect for global oil prices.
Future utility bills may be displayed on social networks as government sectors look to improve communication.
The airline will fly 73 extra flights to Jeddah and Medinah Al Munawarrah from July 20 to September 1.
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.
A firm linked to billionaire Robert Kuok is set to take a stake in Drydock’s Southeast Asia operations, say sources.
Media reports had claimed that Etihad and Qatar Airways were eyeing a minority stake in the Indian budget carrier.
The Omani bank plans to use the proceeds from the sale to fund credit expansion and its foray into Islamic finance.
Majid Al Futtaim has begun choosing banks to arrange investor meetings ahead of a second bond issue.