Colorado-based CH2M Hill has won the FIFA World Cup construction management contract.
The civic body said that cost-cutting measures were implemented to achieve a budget surplus in 2011.
Doha-based Mannai is planning to buy 58.8 percent of Damas in a deal estimated to be worth around $445 million.
Abu Dhabi’s Dolphin Energy will use the proceeds to meet its refinancing needs.
Dubai Gold and Commodities Exchange saw volumes increasing 95 per cent year-on -year in January.
Saudi Arabia might increase crude oil supplies to South Korea as Seoul looks for alternatives to Iranian oil.
Confidence decreased substantially in Saudi Arabia during the last quarter of 2011, according to Nielson.
The airline is planning an Islamic loan facility to fund two of its planes, according to reports.
The Abu Dhabi lender’s profits fell 19.2 per cent to Dhs135 million during the fourth quarter of 2011.
Abu Dhabi-based investment firm may shed more than half of its staff.
The telecoms operator might also share infrastructure facilities with other carriers.
Prince Alwaleed, Citigroup’s biggest individual shareholder, said that he expects the bank to increase dividends this year.
Tameer Princess Tower is the highest residential building on earth at 414 metres.
The move follows the stringent financial and trading sanctions imposed by the US and EU on Iran.
The UAE’s central bank is reportedly planning to limit credit card interest rate at 18 per cent annually.
According to the IMF, Qatar’s economy is expected to grow six per cent in 2012.
The mall operator is undertaking several new projects across the Middle East this year.
The pipeline will supply gas to the town of Duqm and is estimated to cost around $200- 220 million to build.
The airline’s CEO said that it was unlikely that the struggling carrier would be dissolved or sold.
The Kuwaiti bank reported a net profit of KD302.4 million in 2011 compared to KD301.7 million in 2010.
The kingdom’s oil minister has said that rising domestic demand will not affect crude oil exports.
According to the country’s Economy Minister, the Arab Spring has spurred growth in the UAE.
Qatar’s sovereign wealth fund is expected to acquire the property in a “few weeks.”
The country is scrambling to find an alternative to its threatened primary supply from Iran, Oman’s oil minister has said.
The Bahraini firm saw its subscriber base increase by 20 per cent year-on-year in 2011.
The $9 billion refinery project in China is expected to produce 300,000 barrels per day of crude oil.
The move will make the bourse the second publicly traded stock exchange in the region.
The signing of $930 million worth of trade deals at the Bahrain International Airshow has raised expectations for 2014.
Abu Dhabi has recorded its most successful year ever in terms of hotel guest arrivals with some 2,111,611 visitors.
Saudi Arabia almost doubles income forecast, announcing a budget surplus of $81.6 billion for 2011.