The move comes as the Kingdom prepares to open its stock market to direct investment by foreign institutions.
A round up of the day’s news and gossip from the region’s largest oil and gas event.
Commercial demand is increasing in areas like DIFC and Downtown Dubai, says new report.
Qatar’s investment vehicle puts a rumoured $100 million into the Peter Chernin-owned media company.
The investment bank which has been through three CEOs in the past year posts Q3 loss of $3.78 million.
The country has released 290 people convicted of bouncing cheques, reports official WAM news agency.
US authorities are reportedly investigating whether Barclays made any improper payment to win a banking licence in Saudi.
Qatar National Bank said that the bond attracted strong investor interest and was several times oversubscribed.
Sample Central allows members to take products home for free in return for sharing their opinions.
The lender is set to raise $500 million from its offering after big investor interest for its debut deal.
The airline’s president Tim Clark has said the carrier could make its most expensive purchase ever from Boeing.
Dubai-based Emirates will now serve as the official airline of the games and the Queen’s Baton Relay.
The Bahraini telecoms firm accused Siva Ltd of not adhering to a settlement agreement over their joint venture S Tel.
The two Abu Dhabi-based developers both reported higher quarterly profit on Wednesday even with asset writedowns.
A report from the UK-based lender says the emirate’s overall debt burden remains a challenge.
UAE investors are holding onto their cash and assets amid the uncertain economic outlook, however India is a favourite for investment.
Price guidance for QNB’s new bond was released at 155 basis points over midswaps, with transaction expected Wednesday.
The two leaders discussed regional and international developments, Palestine and the situation in Syria.
QP had owned 30 per cent of the company having previously spun off 70 per cent in 2008.
The Abu Dhabi developer’s profit was driven by rising revenues from national housing projects.
Aventicum Capital Management will focus on investments in emerging and frontier markets in the Middle East and Turkey.
Prime Minister David Cameron’s visit to the country comes to an end as both parties discuss a strategic air defence relationship.
The two Gulf countries are planning to buy Lockheed missile-defense systems worth up to $7.6 billion.
Sharjah-based Dana did not repay a five-year convertible Sukuk on maturity last week.
Employees in the private sector will get one- day off to mark the Islamic New Year.
The Dubai-based contractor said it was looking at equity-linked fundraising options.
Khalifa Mohammed al-Kindi is the new chairman while Sultan Nasser al-Suweidi remains governor of the bank.
The Abu Dhabi investment fund said the move was aimed at making documentation more consistent.
The company’s profit rose as it booked gains in the fair value of its investment properties.
The blasts in Bahrain’s capital Manama killed two workers and injured another.