Qatar Tops Region In Global Competitiveness Ranking

Saudi Arabia came second, followed by the UAE in the World Economic Forum’s annual ranking.

UAE’s Al Habtoor Eyes Potential IPO In Dubai

The family conglomerate said that it was financially prepared to go public.

Emirates Enters 10-Year Alliance With Qantas

The agreement does not include a global revenue-sharing deal or equity injection from either side.

Banks Raise Costs For UAE’s Emal

The Abu Dhabi-based Emirates Aluminium will encounter higher loan rates due to the Eurozone crisis.

Dubai Airport Passenger Traffic up 6% In July

Monthly traffic surpassed five million passengers for the first time.

Abu Dhabi Power Project Eyes Bond By End Sept

The Shuweihat 2 plant project may launch a bond as part of a $2.2 billion refinancing plan.

Al Jazeera Website Hacked By Syria’s Assad Loyalists

The hacking attack is the latest in a wave of cyber attacks on news agencies and energy companies in the region.

Emirates Pumps $596m Into Indian Economy

The Dubai-based airline also supports over 72,000 jobs in India through its operations, says study.

Dubai’s Limitless To Sign $1.2bn Debt Deal In Sept

The state-owned property firm has rolled over the Islamic debt facility, owed to a syndicate of banks, several times.

Survey: UAE Bankers Earn Dhs100,000 A Month

Bankers and CEOs earn the highest wages, but overall UAE salaries remain muted says new survey.

UAE Business Activity Flat In August

A new index by HSBC shows the manufacturing and services sectors fell 0.1 points from July.

102 Firms Violate Midday Ban In UAE

Over 99.79 per cent of the firms inspected abided by the midday work ban, says labour ministry.

UAE And Brazil Trade Soars

Trade links between the two countries have never been stronger as new figures reveal a growing relationship.

UAE Ranks In Top Ten For Swiss Watch Sales

Returning consumer confidence is a driving factor for the UAE luxury sector.

Zain Announces New Chief Executive And COO

The Kuwait-based operator has revealed two new appointments to its top level board.

Maradona Appointed Dubai Sports Ambassador

The Argentinian legend and ex-Al Wasl coach has accepted a position with the Dubai Sports Council.

Bahrain’s Economy Shrinks In Q2

Real GDP expanded but ongoing political unrest continues to dampen the country’s growth.

Qatar National Bank To Buy SocGen’s Egyptian Arm

The bank has hired JP Morgan to advise on its planned buyout of the French bank’s Middle Eastern asset.

Etihad Raises Virgin Australia Stake To 10%

The Abu Dhabi-based carrier has doubled its stake in the Australian carrier but no plans for a majority.

Sharjah Eyes Foreign Investments

The emirate is aggressively seeking economic investments from Asian nations.

Tata Motors Looks At Saudi Plant For Jaguar Land Rover

The plant may come up next to a new aluminum smelter in the Kingdom, says Tata Motors chairman.

5 Minutes With… Samer Majali, CEO, Gulf Air

Gulf Air CEO, Samer Majali, says a consultative leadership style is the best way to energize and motivate employees.

Abu Dhabi Launches New Port, May Compete With Dubai

The multi-billion dollar Khalifa Port can handle 12 million tons of general cargo annually in the first phase.

Qatar LNG Producer Rasgas Office PCs Hit By Virus

The company confirmed that operational systems both onsite and offshore are secure and that production is not affected.

Qatar Telecom Repays $3bn Loan Facility

The state-owned operator repaid the five-year syndicated term loan from existing funds.

Qatar-Barclays Payments Face Fraud Probe

Fees from Qatar Investment Authority paid to the British bank are being scrutinised by the UK’s Serious Fraud Office.

Yemen Says Saudi To Donate $1bn To Support Currency

The money will be placed in the Yemeni central bank and will support the country’s economic recovery, a Yemeni minister said.

Qatar Has Highest Construction Costs In ME

The increasing volume of activity in the build-up to the 2022 FIFA World Cup has pushed up costs in Qatar, says study.

UAE Healthcare Firm NMC’s H1 Profit Jumps 21%

The company made a net profit of $27.5 million in the first six months of the year.

DP World’s H1 Profit Flat, Cites Global Climate

The Dubai-based port operator made a profit of $247 million in the first half of the year.