The Dubai index jumped 9.9 per cent, while the main Saudi index rose 2.5 per cent.
The UAE ranks low in terms of companies’ maturity and approach towards data protection with just 34 per cent of firms considering data protection as relevant for their success.
Mid-market brand targets connection-oriented business travellers
OPEC’s decision last month to leave its output ceiling unchanged, was followed by a fresh plunge of oil prices.
The move will boost the GCC’s tourism industry, helping sectors such as aviation and hospitality.
Experts say that Dubai real estate would not be able to escape a temporary impact from cheaper oil but noted that the economy is well diversified to sustain the lull in oil prices.
Mazroui said the recent decision of OPEC to retain its production was correct, citing irresponsible supply from other producers for the recent fall in oil prices.
The Dhs600 million seafront project registered Dhs432 million in sales during the first phase of launch.
Ghaith Al Ghaith describes how flydubai became the Middle East’s largest short-haul airline in just five years.
John Sexton, the president of one the world’s top universities, explains why he decided to expand to Abu Dhabi.
UAE Oil Minister Suhail Bin Mohammed al-Mazroui said that all players must shoulder their responsibilities to reach market balance.
The phone, priced at Dhs1799, is modeled around BlackBerry’s popular Bold 9900.
The assent was granted at a meeting on Thursday, with the proposals receiving near-unanimous support from independent shareholders, DP World said.
Stock markets in Saudi Arabia and the UAE soared on Thursday as the price of oil rebounded.
The fuel retailer said that the price reduction is in line with the international crude oil price trends.
The price of brent crude for February delivery settled up two per cent at $61.18 a barrel on Wednesday.
The SCA also stressed that brokerages must inform clients of any shortages in their margin accounts on a daily basis.
The company’s shares have plunged 42 per cent since the end of October as part of a panic sell-off in the Gulf.
The plan outlines the emirate’s development framework over the next seven years.
The officers were killed on Wednesday when their plane crashed during a joint exercise in Egypt.
Shares of three Bahraini companies are listed on DFM and accounted for one tenth of the bourse’s traded value this year.
The emirate’s off-plan sales market has been attracting strong investor interest despite a fall in house price growth, a new report says.
The minister urged investors to base their decisions on careful analysis and act rationally.
The Dubai-based carrier is preparing for its ‘busiest’ week of 2014.
The bank is expected to start its regular operations by the end of March 2015.
World Cup 2014, iPhone 6 and Malaysian Airlines top Google 2014 trending searches in the UAE.
Dubai’s index closed 7.3 per cent lower at 3,084 points, a one-year low, while Abu Dhabi’s benchmark ended 6.9 per cent lower on Tuesday.
Located at the newly opened Four Seasons Resort Dubai, Provocateur Dubai aims to be the first electronic music venue in the city.
Residential rents in Dubai grew just seven per cent in 2014 while sales prices rose 18 per cent, a new report says.
The company did not disclose the value of the deal or the size of its remaining stake in Integrated Diagnostics Holdings.