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.
Only one creditor has not yet accepted the $2.2 billion debt restructuring plan proposed by the Dubai-based shipbuilding unit.
While regional banks are reporting good growth rates, customer service has to improve, warns a new study.
The move is expected to force all the creditors of the Dubai-based shipbuilding unit to agree to its $2.2 billion debt-restructuring plan.
RED, Abraaj’s small and mid-cap investment platform, has invested $20 million in the region so far this year.
The UAE-based healthcare provider listed its shares on the London Stock Exchange.
Update: The Kuwaiti developer’s shares have now resumed trading on Dubai Financial Market.
The companies, which failed to report earnings on time, join 12 other firms suspended earlier this year.
The UAE has shut down the Dubai office of the National Democratic Institute, a US-funded pro-democracy group.
The GCC is among the least economically integrated regions in the world. But that is changing.
This moody, atmospheric restaurant appeals to a see-and-be-seen crowd.
The bank said that it repaid the five-year Sukuk from its own resources.
Interestingly, visitors from Russia were the biggest spenders in the UAE during the Dubai Shopping Festival, according to Visa.
Dubai’s Jebel Ali Free Zone is planning to launch a syndicated loan to partly refinance its $2 billion Sukuk maturing in November.
As officials in Dubai complete the study for an expatriate pension scheme, experts say that the move will protect workers and improve the economy.
Gulf Business lists 10 companies to keep an eye on as they move the region’s digital industry forward.
A study is being conducted to check the economic impact of the move, which will introduce a single tax rate across the seven emirates.
Emirates NBD said that its shareholders had approved a cash dividend of 20 fils per share for 2011.
The Mall of Egypt will be one of North Africa’s largest shopping centres.
The port operator has said that it will pay off its loan, which matures in October, six months ahead of schedule.