Kuwait’s Index At Four Month Low

Political uncertainty has resulted in economic uncertainty for the country as markets drop.

Vote On Bahrain’s Triple Bank Merger

Capivest, Elaf Bank and Capital Management House are in talks to form one new bank with larger assets.

Kuwait’s Social Minister Quits

Ahmed al-Rujaib steps down from social affairs and labour post just one month after finance minister left.

New UAE Stock Ownership Rules

The market regulator has implemented new rules on stock ownership in a bid for greater transparency.

Brent Prices Drop Below $97

Concerns about the Eurozone debt crisis pushed crude oil prices towards its lowest so far this year on Tuesday.

UAE Banks May Exclude Bonds

The central bank has said it may allow banks to ignore lending limits when dealing with state-linked entities.

Kingdom Holding Picks Banks

Saudi Prince Alwaleed’s Kingdom Holding has reportedly chosen two banks to manage its debut bond.

Dubai Safest City For Business

The UAE city has ranked as the safest place in the Middle East to do business, and 29th in the world.

Du Offers Fastest UAE Service

The mobile operator plans to launch a 4G broadband service, four times faster than it’s current speed.

Dubai Properties Gets New Board

Dubai Properties Group’s new board will set up its long-term business strategy and oversee implementation.

UAE Posts $11bn Fiscal Surplus

The UAE’s revenues rose 41 per cent to Dhs440.1 billion in 2011, mainly due to high oil prices, said IMF.

IMF: UAE At Risk From Euro

The International Monetary Fund has warned of the repercussions the Euro crisis could have on the Gulf.

Friendi Secures Virgin Deal

The Dubai-based operator has agreed a partnership with Richard Branson’s Virgin Group, extending into South Africa.

Dana Gas Re-Shuffles Board

The UAE energy firm has announced a new chairman as it looks to repay a $920 million sukuk.

India’s SpiceJet Starts Dubai Route

The Indian budget carrier will have direct daily services connecting Delhi and Mumbai to Dubai.

Tanzania Eyes UAE Investors

The African country has invited the UAE to invest in industries relating to oil and gas exploration.

Saudi Cuts Oil Output In May

The Kingdom pumped 9.8 million barrels per day last month, down 300,000 bpd from April.

Etihad Welcomes Boeing Dreamliner

Abu Dhabi’s flag carrier has finally laid eyes on the Boeing 787 after ordering 41 of the aircraft for its future.

Qatar Budget Surplus Hits $1.4bn

Qatar posted a surplus of QAR5.1 billion in the third quarter of its 2011/12 fiscal year.

DGCX Trading Up 259% In May

Trading volumes at the Dubai Gold and Commodities Exchange amounted to $32.67 billion in May this year.

Flydubai Launches New Destinations

The carrier has announced new services into Eastern Europe as its reach across the region expands.

Samsung Eyes Mobile Top Spot

Exclusive: Eros, Samsung’s UAE distributor, says that the brand will soon lead the country’s mobile market.

Mashreq: “Dubai Will Be Back”

Exclusive full interview: Abdul Aziz Al Ghurair reveals why he’s going back to basics.

Saudi Posts 5.9% Q1 GDP Growth

The Kingdom’s GDP growth during the first quarter of 2012 reduced slightly compared to the fourth quarter of last year.

Oman LNG Eyes 20% Output Rise

The company currently produces around eight million tonnes of liquefied natural gas a year.

UAE Health Sector In Top 20

The United Arab Emirates has secured a top 20 world spot for spending per capita in the health sector.

Saudi Domestic Tourism To Grow

Official statistics reveal that local tourism in the Kingdom will grow five per cent during summer this year.

Damas Delists From Nasdaq Dubai

Nasdaq Dubai’s future looks bleak as another stock delists ahead of MSCI’s upgrade announcement.

Gulf States’ SWFs To Fund IHH

Abu Dhabi and Kuwait in talks with Malaysian-based health company as potential investors for listing.

Qatar’s RasGas At Full Capacity

The LNG plant is operating at 100 per cent capability after maintenance shutdowns earlier this year.