A consortium led by Qatar’s Mannai Corp said that its $445 million offer for a majority stake in the Dubai jeweler has been accepted.
Post-financial crisis, MBAs are in vogue in the Gulf. Which are the most popular courses and who is enrolling?
Managing a company is all about building up team spirit, says Christophe Chenut, CEO of Lacoste.
Emirates NBD’s Q1 net profit fell 55 per cent compared to last year but profit has tripled since Q4 2011.
London’s Heathrow Airport found that Saudi visitors were the Middle East’s biggest spenders in 2011.
The Dubai-based logistics firm made a first quarter net profit of Dhs61 million this year.
The Dubai-based developer said that it had no plans to tap debt markets in 2012.
One of Abu Dhabi’s largest developers said that it expects residential rents in the emirate to drop further this year.
The capital emirate needs a real estate enforcement body like Dubai, said Sorouh and Cluttons.
The latest round of sanctions have placed Iran under unprecedented pressure, but will they really work?
The contract includes the construction of a residential development in Abu Dhabi.
The UAE is the world’s second most popular country for global retailers, according to property adviser CBRE.
While experts say the Kingdom is the best performing market in the region, they also warn investors to be patient while doing deals.
The UAE-based mortgage lender recorded a net profit of Dhs18 million during the first quarter of the year.
The Dubai-based developer reported a net profit of Dhs1.3 billion for 2011.
Formula One teams taking part in the Bahrain Grand Prix will not be at risk, circuit chairman Zayed Al Zayani has said.
Mashreq bank chairman Abdul Azuz Al Ghurair is also vice chairman of DIFC’s higher board of directors.
Dubai’s financial court is revving up efforts to become the home to international dispute hearings.
Dubai-based builder Arabtec has nominated four top Aabar executives to its board.
UAE execs are flocking to triathlon training to beat work blues, writes Angela Shah.
The two countries are set to strengthen bilateral trade ties, according to the UAE Minister of Foreign Trade.
The new system will help in the trading of financial instruments such as derivatives and Sukuks.
The UK-based telco sets its sights on the region’s young and growing population.
Around 77 per cent of Saudi firms are planning to hire more staff this year, according to a new survey.
The carrier said that the loss was “justified” and blamed it on the rising fuel prices.
Annual production in the GCC could reach five million tonnes by 2014.
UAE banks will have to stop ‘yesteryear’ practices if they are to survive future competition.
Dubai International Capital, the private equity arm of Dubai Holding, has reached a final agreement with creditors for restructuring its debt.
The Arab Spring ignited the Gulf’s online passion and participation. And now, there’s no turning back.
The Gulf’s love affair with malls is far from over, but e-shops are making headway, writes Ryan Harrison.