Health club chain on an aggressive expansion spree across the Middle East with a target of 100 clubs in the next five years.
Supply from OPEC members fell by 450,000 barrels per day (bpd) in July to 31.2 million bpd, a survey has found.
Wojdan Shaherkani had refused to take part in the judo competition if she was not permitted to wear the hijab.
The Dubai-based developer posts first half profits of $208.82 million, up 36 per cent from the same period last year.
The busy airport saw a rise in footfall of 13.7 per cent for the first half of the year to 27.93 million with air cargo also increased.
The telecoms operator made a net profit of Dhs325.5 million in the second quarter of the year.
The UAE accounts for the largest share of the region’s construction market, according to new research.
Bahrain’s Alba said that second quarter net profit dropped due to lower prices and higher gas costs.
Wojdan Shaherkani, one of Saudi’s two female athletes at the Olympics, will withdraw from the games over the hijab ban, her father has said.
Property giant Emaar reports 2012 profit rise citing Dubai’s strengthening economy.
Dubai Property oversupply is vanishing fast, says Peter Cooper, editor of Arabianmoney.net
The UAE telecom operator has ruled out any new investments until 2014.
This is the first time that the Kingdom is allowing female athletes to compete in the Olympic Games.
Dubai-based property developer Emaar plans to create a mixed-use development in the area.
The food and beverage company made a net profit of Dhs56 million during the first half of the year.
International Bank of Azerbaijan, the country’s largest lender, hopes to start operating in Qatar in the first quarter of 2013.
UAE’s leading telecoms company may also look to raise its stakes in other affiliates with high population markets.
Average residential rents for both villas and apartments in the emirate increased during Q2 2012, says new study.
The logistics firm said weakness in Egypt and investment costs in new African operations weighed on its results.
The Dubai International Financial Centre (DIFC) economy posted a ‘GDP’ of $3.13 billion in 2011, up seven per cent from 2010.
The utility company is not planning to issue a bond despite a drop in borrowing costs, its CEO has said.
The Qatari operator made a first quarter loss of $32.49 million, an improvement on the $32.6 million Q1 loss last year.
The Kuwaiti telecoms operator now owns 37 per cent of Zain Saudi following a weak response from other shareholders.
Three of the country’s largest banks have all posted positive results with First Gulf Bank reporting a 14 per cent profit rise.
Qatar Holding takes its stake in the company up to 11 per cent, as talks with Glencore are stuck in deadlock.
Abu Dhabi Commercial Bank posted a net profit of Dhs733 million for the second quarter of the year.
The new office of the global asset management company will be headed by ex-Mumtalakat CEO, Talal Al Zain.
Residents can now complete residential and commercial tenancy contract registration at select post offices.
The private equity firm announced that Tom Speechley, senior partner at Abraaj, will take over as the CEO of UK-based Aureos.
NBAD, the largest bank by market value in the UAE, saw second quarter profit grow on higher net interest income.