The bank has reportedly applied for a full commercial banking licence to expand its operations in the kingdom.
The UAE-based property developers are discussing ways to merge in a government-backed tie-up.
Dania Saadi reports on the new wave of entrepreneurs spreading across the Gulf, boosted by growing funding opportunities.
Healthcare provider NMC hopes to raise $250 million through the listing, and plans to use the funds for further expansion.
Dubai will soon welcome two large hotels located in close proximity. But will they be able to co-exist and attract enough demand?
The outspoken head of Qatar Airways has expressed support for the planemakers as they struggle to resolve production flaws.
The hotel group has 15,000 rooms under development in the MENA region and is planning further expansion.
The utilities unit of Drake & Scull International has won the Dhs100 million contract to set up a water system for a thermal power station in India.
Regional unrest might affect China’s oil input, which in turn will have a drastic impact on global asset prices, said hedge funds guru Marc Faber.
The move makes the Abu Dhabi-based sovereign wealth fund one of the largest shareholders in Arabtec.
Saudi Arabia has increased the price of its Arab Light crude oil for customers in Asia by $1.25 a barrel for April.
The value and volume of shares traded on the Dubai Financial Market increased in February.
Royal Bank of Scotland said it no longer requires equity research on Middle Eastern companies from Dubai’s Rasmala Investment Bank.
Gulf retail groups are resurrecting dying Western brands, but they face unchartered risks.
Hotels in Dubai and Jeddah saw occupancy levels rising in January 2012, according to TRI Hospitality Consulting.
Dubai’s Drydocks will present its restructuring plan for its $2.2 billion loan facility next week.
Dubai-based Noor Islamic Bank clarified that it has ended all business relations with Iranian banks.
The brand hopes to increase its regional visibility by continuing to sponsor events like the Dubai Duty Free Tennis Championship.
Define yourself according to your own unique strengths, says Marissa Woods, the CEO of style consultancy Image Factor.
The mall is part of a mixed-use development project located in Bellevue, Washington, that Investcorp invested in five years ago.
Gulf Business pops into Dubai’s newest office-creative space targeted at mobile entrepreneurs.
The Japanese bank has received approval to offer foreign investors access to Saudi Arabia’s bourse.
The Gulf country with a GDP of $88,000 in 2010 qualifies as the world’s wealthiest nation, according to Forbes.
The Dubai Financial Market, the worst performing Gulf bourse last year, managed a small fourth quarter profit.
The UAE has reportedly expressed interest in buying the V-22 Osprey, a tilt-rotor aircraft from the US.
The UAE only needs to make small changes to become a paradise for small businesses, says Nigel Sillitoe, MD of Insight Discovery
New business models based on innovation and the latest technologies will make the cut, according to Frost & Sullivan’s top trends.
Do landlords in the UAE have a legal recourse to retrieve fees from absconding tenants?
Will the new reduced UAE medicine costs prove to be sufficient for a fair industry?
So Armani’s designer clothes are a hit, but what about his designer Italian food?