The Kingdom’s own oil company responds to worsening revenue in the Gulf with new stations.
Exclusive: The managing director of the successful chain is joining the InterContinental Hotels Group.
The Dubai World Tribunal formally approved the restructuring of shipbuilding unit Drydocks World.
The country plans to increase crude oil production capacity to 3 million barrels per day over the next few months.
Dubai World tribunal orders Nakheel to repay Shokat Mohammed Dalal the sum he paid to reserve three islands on The World in 2008.
The Kingdom bought weapons worth $33.4 billion from the US last year, says new report.
Bahrain’s loss-making national carrier announced that revenues and passenger numbers rose during the first half of the year.
Kuwaiti investment firm NIG is now seeking approval for its lawsuit against Carlyle to be heard in Kuwait rather than the US.
A virus infected about 30,000 of the oil producer’s workstations in mid-August, forcing the company to cut off external communications.
The Kuwaiti-network is expected to agree a non-equity deal with the operator giant to share its network.
According to a new survey in the UAE by Western Union, 76 per cent of the respondents find internet banking safe.
The two parties will use international arbitration if they are unable to reach an agreement, says official.
The metro system, the third one planned in the Kingdom, is estimated to cost around $9.3 billion.
The county is estimated to post a GDP growth rate of six per cent in 2012, according to a study by Kuwait Finance House.
Abu Dhabi’s flag carrier announces daily services will begin early next year.
The net value of properties assessed by the Dubai Land department dropped 26 per cent year-on-year.
Banks are slowly recovering from the 2008 fall out but the impact of a major government spending spree is yet to be fully realised.
Higher capitalisation and new profits in the UAE are threatened by the Eurozone and weak global growth.
Strong government regulation and hefty public spending have buoyed the Kingdom’s banking sector.
Massive public spending and impressive GDP growth saw a bumper year for Qatar’s banking sector.
Increased consumer lending and new banks will put the country on a solid footing this year.
Bahrain faces sluggish growth and a rise in non-performing loans due to the fallout from political unrest.
CITIC, partly owned by China’s sovereign wealth fund, did not give financial details of the investment.
New ratio demand leaves the commodity giant at a loss as potential mining deal looks close to collapse.
The Indian carrier will also resume services to Kuwait and Bahrain from Kochi in its winter schedule.
The Abu Dhabi-based carrier bought over $10 million worth of Virgin shares to raise its stake from 5.1 per cent last month.
Fears of a Euro lending shortage appear overblown as local banks grow their loan books.
New consumer confidence survey reveals there are few jobs currently available in the country.
The Qatari-owned investment company increases its luxury goods portfolio with British fashion brand.
The biggest hikes were recorded in the prices of fish, vegetables and meat, according to official statistics.