The rating agency has cut the bank’s Middle Eastern arm’s rating from BBB+ to BBB, due to flat NPL ratio.
Travellers from the GCC love all that Europe has to offer in terms of shopping, medical treatments and good weather.
The Dubai-based airline announced that it has repaid its Islamic bond on maturity date.
The Gulf is refining its billion-dollar petrochemicals agenda to supply value-added products across the globe.
Country will not become the next Greece, says Her Excellency Cecilia Meireles, Portugal’s Minister of Tourism.
The new route could increase the number of tourists from the UAE to Portugal to more than 100,000.
DIFC Investments raised money through a syndicated facility to help repay the Islamic bond.
It’s unclear whether a recent surge in Islamic finance activity will lead to much-needed change.
The country has begun an urgent recruitment drive to source thousands of new doctors.
A night at a top class restaurant and an evening of jazz music are no longer mutually exclusive.
Dubai’s flagship airline will not refinance the sukuk and is expecting to repay the amount in full.
The seven-year Islamic bond was launched at a profit rate of seven per cent, arranging banks said.
Beirut beats Abu Dhabi to reach the regional top spot on Mercer’s global cost of living study.
The market regulator has implemented new rules on stock ownership in a bid for greater transparency.
The central bank has said it may allow banks to ignore lending limits when dealing with state-linked entities.
The UAE’s revenues rose 41 per cent to Dhs440.1 billion in 2011, mainly due to high oil prices, said IMF.
Local firms must make staff feel at home, writes Dr. Tommy Weir, advisor on emerging market leadership.
The International Monetary Fund has warned of the repercussions the Euro crisis could have on the Gulf.
The Dubai-based operator has agreed a partnership with Richard Branson’s Virgin Group, extending into South Africa.
The decision to lend Spain $125 billion should boost GCC markets at the start of the week, says Mashreq.
The African country has invited the UAE to invest in industries relating to oil and gas exploration.
Trading volumes at the Dubai Gold and Commodities Exchange amounted to $32.67 billion in May this year.
The United Arab Emirates has secured a top 20 world spot for spending per capita in the health sector.
The investment house is expected to get a five-month added window to repay bonds of $338.6 million.
Abu Dhabi-based Etihad buys a four per cent stake in the Australian airline for an undisclosed price.
EXCLUSIVE: Bruce Dickinson gives an interview to Gulf Business and discusses his double-life as a commercial airline pilot.
Dubai-based Emirates Airline has begun a non-stop daily flight service to Ho Chi Minh City.
The country has signed a ‘permanent headquarters’ agreement with the renewable energy agency.
DIFC Investments has secured a five-year syndicated loan to repay its Sukuk maturing this month.
Gulf Business presents the world’s most influential Arabs.