GCC
India is the emirate’s top trading partner, according to the customs authority.
Abu Dhabi’s investment fund Aabar is reportedly looking to exit its its stake in the German carmaker.
The five-year loan will boost Tunisian government finances, according to its central bank.
The UAE is the world’s second most popular country for global retailers, according to property adviser CBRE.
The European bank will hold a 51 per cent stake in the new entity, which will be renamed HSBC Bank Oman SOAG.
While experts say the Kingdom is the best performing market in the region, they also warn investors to be patient while doing deals.
The bank reported a ten per cent year-on-year rise in first quarter profit earlier this year.
Saudi Basic Industries Corp recorded a five per cent year-on-year fall in net profit during the first quarter of the year.
The UAE-based mortgage lender recorded a net profit of Dhs18 million during the first quarter of the year.
The UAE Foreign Minister has said that the dispute with Iran concerning Abu Mousa could spiral into an international issue.
This is the first time Boeing has signed a direct outsourcing deal for parts production in the Arab region.
National Bank of Kuwait reported a 0.3 per cent rise in Q1 profits year-on-year.
Global fashion store will launch 14 more regional stores this year.
Property prices in the city are hitting early 2008 levels, and the rental market is also positive, says a new report.
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.
Bank Muscat, Oman’s largest lender by market value, posted a net profit of $86.7 million for the first quarter of the year.
Saudi Basic Industries Corporation will be distributing a dividend of SR5 per share to shareholders for 2011.
The travel firm had to cancel a similar sale two years ago due to a lack of demand.
Mashreq bank chairman Abdul Azuz Al Ghurair is also vice chairman of DIFC’s higher board of directors.
The majority of the licences were issued to businesses in the tourism sector, said Dubai’s Department of Economic Development.
Digital experts have slammed the practice of hiring fake users to ‘like’ a page.
Qatar National Bank has acquired a 49 per cent stake in Libya’s Bank of Commerce and Development for an undisclosed sum.
The Kingdom stressed that it has not signed any deal with Sweden to help build a weapons factory in Saudi.
The meeting in Riyadh will discuss the dispute between the UAE and Iran over Abu Musa island, sources said.
The bank plans to distribute 55 per cent of its 2011 net profit to the ministry of finance, reported WAM.
The Abu Dhabi-based investment company attributed the loss to negative fluctuations in its financial investments.
Dubai-based builder Arabtec has nominated four top Aabar executives to its board.
The Kingdom’s oil sector expanded 6.1 per cent during the fourth quarter of the year.
Despite officials confirming that the race is Bahrain is still on, many teams expect it to be called off amid security concerns, say reports.