While rents in Riyadh rose by seven per cent on average, lease rate for villas in Jeddah were up around four per cent, says new report.
Australia was the fastest growing destination with 50 per cent growth following the launch of Qantas flights
The developer almost defaulted on its debts and agreed to a $16 billion restructuring in 2011.
The current minister of state for interior affairs, Sheikh Abdullah bin Naser al-Thani, will succeed the Sheikh Hamad bin Jassim al-Thani.
The oil and gas sector generated over half of Qatar’s gross domestic product (GDP) in 2012.
Emirates International Telecommunications is stepping up sales from its telecoms portfolio to help repay Dubai’s debt pile.
Saudi foreign minister Prince Saud al-Faisal criticised Iran, Russia and Hezbollah for backing and arming Syrian president Bashar al-Assad.
Experts believe the emirate has what it takes to achieve its ambitious goal.
China State Construction Engineering Corporation will make its first-ever Middle East investment in the Viceroy Dubai Palm Jumeirah project.
Emirates NBD had previously said Pudner will see out his role until the end of the year when the change of position is expected to happen.
Budget expenditure in the small non-OPEC oil exporter is now expected to total 3.62 billion dinars in 2013, up from 3.26 billion actually spent last year.
The airline has been quick to increase capacity on the newly launched route.
The freighter is being deployed on a new round-the-world routing in conjunction with Atlas Air.
Here is the text of outgoing Qatari Emir Sheikh Hamad bin Khalifa al-Thani’s abdication speech in which he handed over power to his son.
Sheikh Hamad bin Khalifa al-Thani has announced the transfer of power to his son, Crown Prince Sheikh Tamim bin Hamad al-Thani.
The $9m upgrade sees greater emphasis on technology and entertainment
The emir of Qatar is to hand over power to his son the Crown Prince on Tuesday.
Sheikh Hamad bin Khalifa al-Thani had long planned to abdicate in favour of 33-year-old Crown Prince Sheikh Tamim.
Up to 53,000 Yemenis staying illegally in Saudi have been deported since the beginning of this month.
The PC maker has introduced six new models to the market, with prices ranging from Dhs499 to Dhs1,999.
The Doha-based airline will operate the Boeing 787 on services to the capital cities of Sweden, Denmark and Norway.
The towering Dubai landmark has become the first skyscraper globally to be mapped out by Google Streetview.
The amount will be mainly used to refinance existing paper.
Many of Dubai Holding’s units have had to hold talks with banks to extend liabilities and restructure debt.
But work on its long-awaited Palm Jumeirah hotel in Dubai remains ongoing and it is unlikely to open until late 2015.
The closing date for subscriptions has been extended to July 4 from June 23.
Sheikh Meshal Jarah al-Sabah says the bank recruited him to scupper Vivendi’s bid to acquire Zain’s operations in Africa.
Sheikh Hamad bin Khalifa al-Thani will meet ruling family members on Monday amid reports that he intends to hand over power to his crown prince, Sheikh Tamim.
Paul Griffiths explains why Dubai International will soon be the world’s largest airport and why high oil prices are not a bad thing.
Qatar had earlier planned to invest 50 million euros into businesses in French suburbs.