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.
The UAE Central Bank has told lenders to reschedule citizens’ loans by more than 48 months.
RAK Airport sees influx of European and Russian tourists.
Qatar inflation rose to its highest level so far this year in July, driven by furniture, textiles and home appliances.
Qatar Telecom has received approval from Kuwait’s Capital Markets Authority to buy a stake in Wataniya for $2.2 billion.
Bahrain’s flag carrier will restart routes into both countries from next month.
Asteco partners with real estate auction website to provide new solution for UAE property owners.
The contracts have been awarded to six international companies including Rio Tinto and France’s Areva.
The contracting company said that higher finance costs for acquisition and contracts provisioning led to the fall in profit.
The developer slashed costs to offset revenue drop following the collapse of Dubai’s property market.
Indians, Pakistanis, Brits, Russians and others have bought 12,875 properties in the first half of the year.
Dubai Holding has said that Gerald Lawless, executive chairman of the Jumeirah Group, will take on his new role from September.
According to official statistics, the emirate’s non-oil merchandise trade reached Dhs139.4 billion in 2011.
The Dubai-based developer said that revenue from the sale of condominiums in the second quarter reached over $190 million.
National Industries Group Holding said that it has raised enough finance to repay the Sukuk when it matures on August 16.
Abu Dhabi oil company TAQA saw increased profits in H1 2012 owing to strong power and water performance and divested assets.
Bahrain’s flag carrier will begin a new daily flight to Dubai and several new flights across the subcontinent.
A mix of US, British and Qatari firms will all manage the various lines and stations as part of the planned $36 billion system.
Dubai trade licences saw a significant jump as UAE confidence steadily rebounds.
The Dubai-based airline will begin operating flights to Tripoli from October 29.
The natural gas company saw a boost in profit because of increased production and higher oil prices.
The UAE-based oil trader looks to hire a CRO as its forced to cut operations in the country by 60 per cent.
Prince Al Waleed Bin Talal, CEO of Kingdom Holding, escaped harm as his car was written off in Saudi Arabia this weekend.
The mosque, spread over 40,000 square feet, will be located in Downtown Dubai.