Working hours for private sector companies have been cut from eight to six per day, the labour ministry has said.
The UAE aims to increase exports from the new oil terminal as threats to close the Strait of Hormuz rise.
The country’s oil production fell 4.1 per cent to 27.7 million barrels in June compared to May.
Oman’s largest lender has offered new shares to existing holders at a discounted price to raise over $250 million.
The Oman lender made net profit of $90.9 million in the second quarter, above analysts’ estimations.
The telecoms company said that it made a net profit of $379 million in the second quarter of the year.
The new rule, introduced by the central bank, will begin next year and extend until the end of 2014.
The country’s first nuclear plant receives approval from the UAE’s environmental regulator.
Rents for both villas and apartments have increased year-on-year in 2012, says a new report.
Saudi Arabia’s announcement of five new laws will affect homeowners and businesses when they come into effect.
The bank has withdrawn from the interbank panel following the Libor scandal in the United Kingdom.
Foreign direct investments into the Middle East dropped 16 per cent to $49 billion in 2011, says UN report.
The Saudi-based property developer said that Sukuk account holders will receive the funds on Monday.
The loans, extended by the Saudi Fund for Development, are repayable over 20 years at two per cent interest.
Saudi Arabia will include two female competitors in its London 2012 Olympic team for the first time.
The Gulf-state priced five and 10-year tranches at $2 billion each, attracting an order book of over $24 billion.
The bank dropped almost 35 million riyals in the second quarter in comparison to the same period last year.
Farnborough Air Show: Airplane leasing company orders 20 of Boeing’s single-aisle 737 MAX 8s for the Gulf.
Farnborough Air Show: British defence company plans new $10 billion UAE jet deal with Eurofighters.
Farnborough Air Show: Two Premiership football teams have asked for sponsorship from the Doha carrier.
Farnborough Air Show update: The Doha-based carrier unveils new 787; Boeing and Airbus battle.
Five-star luxury resorts, marinas and a sports academy are planned for Ras Al Hadd following agreement.
Abu Dhabi’s National Petroleum Construction Co and French Technip to build offshore oil facilities.
Booming revenues from liquefied natural gas will assist the country’s infrastructure revamp.
SWF Mumtalakat, which has shares in the airline, made a net loss of $717.68 million last year.
Gross domestic product figures carry momentum from 2011 despite the potential woes of a global recovery.
Latest report from Asteco shows villa rates up four per cent as demand outstrips supply.