Saudi Arabia’s biggest property developer, Dar al-Arkan, plans to repay 3.7 billion riyals of debt this year, said CFO .
Sovereign wealth funds from the UAE and Kuwait have reportedly agreed to buy stakes in India’s ONGC.
The Gulf’s biggest dairy firm by market value, plans to start a roadshow this week.
The New Economic Cities announced six years ago are yet to begin contributing to Saudi’s economy.
The bank reported that net profit for the full year increased by six per cent from 2010.
The bond was five times oversubscribed and received orders from more than 270 investors globally.
The Dubai government will continue to help government-related bodies, says Sheikh Ahmed bin Saeed al-Maktoum.
The agreements were signed between Oman’s health ministry and Oman LNG.
Smoking cigarettes and shisha in most public places will now be punishable by law.
Sheikh Salem Abdul-Aziz al-Sabah blamed a rise in public spending for his decision.
The struggling Bahraini carrier will use the amount to meet its medium-term capital needs.
The columnist fled Saudi Arabia after his comments on Twitter caused an outrage in the kingdom.
The two companies are in negotiations to build a methanol complex in Trinidad and Tobago.
This is the first time that the UAE airline, started eight years ago, has recorded a profit.
The Bahraini telecoms operator will receive $174.5 million, the same amount that it paid to purchase the stake in the Indian firm.
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.
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