Dubai Duty Free Eyes $1.6bn Sales By Year-End

The airport retailer saw sales increase 10 per cent year-on-year during the first nine months of 2012.

The Emir Of Kuwait Dissolves Parliament

The decision by Sheikh Sabah al-Ahmad al-Sabah offers hope of new parliamentary elections.

Qatar National Bank’s Q3 Profit Up 10.5%

Qatar’s indicator for sector performance in the region reports a 15 per cent rise in net profit for first nine months of the year.

Alwaleed’s Kingdom Holding Plans Up To $500m Loan

The proceeds will be used to refinance existing debts, said sources.

Qatar’s Barwa To Sell $4.4bn In Assets To Repay Loans

The assets being sold include land in Qatar and the Barwa New Cairo project in Egypt.

Etihad Airways Q3 Revenues Up 19%

Passenger revenues were boosted by code sharing and partnerships.

Dubai’s Ruler Approves Canal Expansion

His Highness Sheikh Mohammed bin Rashid Al Maktoum has given the green light on the $411 million Business Bay project.

Saudi Says IMF’s 2016 Deficit Forecast Is ‘Doomsday Scenario’

The IMF said its base scenario envisaged a fiscal deficit of 0.6 per cent of GDP by 2016.

Qtel To Buy KIA’s Stake In Wataniya

The Qatari telecoms operator is to own almost all of Kuwait’s Wataniya network as Kuwait Investment Authority sell up.

Barclays Replaced By National Bank of Fujairah On UAE Rate Panel

UK-based Barclays quit the panel in July.

Violators Should Be Punished – Dubai Properties Group CEO

Property developers not complying with the laws and rules set by Dubai’s RERA should face strict penalty, says Khalid Al Malik, DPG’s group CEO.

Kuwait Central Bank Cuts Discount Rate To 2%

The move is expected to boost Kuwait’s banking sector.

Cityscape: Dubai Builders Revive Shelved Plans

Developers are upbeat about recovery in Dubai’s property market.

LIVE: Updates From Cityscape 2012 Day 3

Gulf Business brings you all the news from Dubai’s main property event.

Cityscape: IP Global To Open New Middle Eastern Offices

The property investment firm is eyeing offices in Oman and Qatar after the region accounts for 18 per cent of London’s purchases.

Dubai’s Shuaa Hopes To Break-Even In 2013

The investment bank’s shares are down 93 per cent from a 2008 peak.

Cityscape: Off-Plan Buying Back In Dubai’s Property Market

Experts say that the off-plan market is much better regulated now compared to pre-financial crisis.

Qatar Islamic Bank Launches $750m Sukuk

Order books for the deal reportedly hit over $6 billion ahead of launch.

LIVE: Updates From Cityscape 2012 Day 2

Gulf Business brings you all the news from Dubai’s main property event.

Cityscape: Damac Says All Projects On Track, Plans Further Expansion

The company has no plans to launch an IPO, but may do so in the future.

Dubai Residential Property Market Up 62%

Master communities such as Palm Jumeirah and Downtown make up 62 per cent of all transactions in Q3.

Cityscape: Qatari Property Firm Barwa Eyeing London

The company is hoping to finalise an investment before year-end.

Cityscape: Meraas Unveils New Island And No JBR Mall

Meraas Holding says that its new JBR development will offer an underground car park able to hold 1,200 vehicles.

Dubai Takes Over Management Of Zabeel Investments

Zabeel Investments owes about Dhs6 billion to mostly local banks.

LIVE: Updates From Cityscape 2012 Day 1

Gulf Business brings you all the news from Dubai’s main property event.

Cityscape: Off To A Positive Start

Long queues, new projects and big stands signal a good start to Dubai’s main property event.

Cityscape: Meydan Group Announces Two Big Developments

The Group has set the bar high on the first morning of the property event, unveiling a new community and skyscraper.

Kuwait Should Cut Spending – Central Bank Governor

Mohammad al-Hashel has said the Gulf Arab state should take necessary action to reduce spending.

LinkedIn Opens First Office In Middle East

The professional networking site will open an office in Dubai to help grow its MENA database.

Cityscape: Dubai’s Property Market Back On Track

Ahead of Cityscape, property experts claim the city’s real estate market has recovered this year.