China bought 983,590 bpd from Russia last month, up 42 per cent year-on-year, while imports from Saudi were down 16.5 per cent at 961,710 bpd
Abu Dhabi Global Market will initially focus on sectors such as wealth management, asset management and private banking
The company is increasing manpower within its healthcare, security and IoT businesses
Three-year old Nizaha Ala’a suffocated to death after she fell asleep and remained locked inside a school bus in October 2014
Kingdom Holding made a net profit of SAR 291.55m in the third quarter of 2015, up from SAR 265m in the same period a year earlier
The IMF estimates Riyadh faces a record budget deficit of well over $100bn this year, amounting to 21.6 per cent of gross domestic product
The new terminal will lift capacity at Kuwait International Airport to 10 million passengers a year
The deal for 24 Caracal heavy helicopters has been in the works since June, when French officials said it had been provisionally agreed
Mohammed al-Ajami, 39, was detained in 2012 and initially sentenced to life imprisonment but later got his sentence reduced
Kuwait’s government has approved plans to privatise the airline
Du will create and establish infrastructure made of optical fiber in Dubai Medical District, in addition to improving the signal’s range
All 11 founding members of the Saudi Civil and Political Rights Association are either jailed or awaiting trial
Saudi’s foreign minister said this week that Iran’s military role in Syria disqualified it from playing a role in peacemaking efforts there
House of dinh van is expected to open its first Dubai outlet in November at City Walk
False reports of oversupply are damaging market sentiment, says Damac managing director Ziad El Chaar
Limitations on market access are frowned upon by index compliers such as MSCI and FTSE, whose indices are tracked by trillions of dollars of institutional wealth globally
The UAE’s banking customers are five times more likely to say that their view of their banks has improved rather than worsened in the last six months
The contractor did not specify the name of the mall or the hotel it is building
The fees would encourage landowners to develop their land instead of just holding it for profit, the country’s housing minister said
Adel al-Jubeir said that Syrian President Bashar al-Assad had to leave power if peace was to be achieved
Telecom operators will not lose out as they can create new streams of revenue generation, says industry expert
The UAE’s Telecommunications Regulatory Authority has opened up broadband and fixed voice services to residential customers
The number of millionaires in the country is expected to increase from 59,000 in 2015 to 96,000 by 2020
The amount was more than 2.5 times covered by contributions from banks
The new operating system has received a positive response in the region, says official
Cyber criminals had duped Aramco into making a payment for an order of naphtha from ONGC into their own bank account
Tailor made cars, equipped with the smart system, will be deployed when there is a complaint from users about their experience with the network operators
The lender’s earnings were boosted by an 10 per cent year on year gain in net interest income, made from traditional banking operations
SABIC could make an announcement regarding the potential joint ventures in the first quarter of 2016, a senior official said
The investment brings Aster DM Healthcare’s total ownership stake to 97 per cent in Sanad Hospital