The Gulf state is reportedly setting up two companies through an official decree to issue the Islamic bonds.
UAE exchanges say there is still no clarity regarding the Indian government’s proposed service tax on remittances.
Crude oil across the region is down as caution in China has knock-on effect for global oil prices.
The country plans to boost government spending by 27 per cent to $49 billion for the fiscal year that began in April.
Average apartment rents increased six per cent and villa rents rose nine per cent in Q2 2012, says Asteco.
Four IPOs, valued at over $1.1 billion were issued in the GCC during the second quarter of 2012.
Shareholders of Capital Management House, Capivest and Elaf Bank approve the three-way merger.
Fawaz Al-Hasawi is in the final stages of purchasing one of England’s most famous football clubs.
The number of guests in the emirate’s hotels reached 192,374 during May this year, official statistics show.
The airline will fly 73 extra flights to Jeddah and Medinah Al Munawarrah from July 20 to September 1.
The UAE city is ranked as having the most transparent real estate market in the MENA region.
The oil giant signs agreement to sell its Vela marine unit to Saudi National Shipping Company.
The crown prince and the US president discussed regional issues and global energy prices during the meet.
Restaurants and shops consider rejecting premium credit cards as Network International hikes fees.
Flights to Basra, the low-cost airline’s fifth destination in Iraq, are scheduled to start next month.
The Arabtec consortium, that includes Greek and Turkish firms, will build a terminal at the Abu Dhabi airport.
The Swiss company is opening a Dhs500 million manufacturing plant in Dubai World Central.
A firm linked to billionaire Robert Kuok is set to take a stake in Drydock’s Southeast Asia operations, say sources.
The Qatar-based telecoms operator plans to buy the remaining majority stake in Wataniya for $1.9 billion.
Majid Al-Refai will serve four years in jail for a number of crimes during his tenure as CEO of Bank Alkhair.
The Arab state will need to attract conventional rather than Islamic investors due to the lack of sukuk.
UAE mall developer Majid Al Futtaim Holding plans to issue a dollar-denominated bond this year.
Visitors from the UK topped the list, spending almost $500 million in 2011, according to Visa.
Media reports had claimed that Etihad and Qatar Airways were eyeing a minority stake in the Indian budget carrier.
Women athletes from the Kingdom will be allowed for the first time to compete in the London Olympics.
At least seven governments have stepped down in recent years because of political deadlock.
The country’s planning authority says that GDP growth is expected to reduce to 4.5 per cent in 2013.
Trade links between the two countries have never been stronger as new figures reveal the growing relationship.
The emirate has seen consumer confidence rise in the first quarter of the year, say official statistics.
Abu Dhabi’s sovereign wealth fund expects emerging market stocks to outperform in the long-term.