Nearly 43 per cent of regional companies polled said that they were looking for opportunities in other markets, a new survey shows
Dubai’s stocks closed down 7 per cent as oil prices weakened
The UAE is currently in the process of drafting out laws for the implementation of value added tax
The main stock index in Dubai, the region’s most volatile market, tumbled 4.0 per cent to 3,563 points, hitting a four-month low
Citing an unnamed source, the trade magazine The American Lawyer reported that Arab Bank had agreed to pay “slightly more than $1bn” to settle litigation
Fitch said on Friday it expects the general government deficit to widen to 14.4 per cent of GDP in 2015
Pakistani finance minister Ishaq Dar said that both the UAE and Pakistan could learn from each other when dealing with issues such as extremism
The Indian currency allowance has been raised to Rs 25,000, while the limit for duty free goods has been hiked to Rs 45,000
Desai had been appointed acting CEO a year ago after former CEO Gary Anderson resigned due to ill health
Oil prices in the United States tumbled to their lowest level since 2009 on Wednesday
The main Saudi stock index has plunged 12 per cent this month
The state fund has appointed IPIC’s director of investments Mohamed Hamad Al Mehairi as Aabar’s new CEO
The law aims to encourage the private sector to participate and invest in infrastructure development
Once a decision to impose VAT is made, the public will be given about 18 months to prepare for the implementation, state news agency WAM said
The deal expands NMC’s addressable market and patient cross-referral capabilities of its network
Majid Al Futtaim and other local banks have also reportedly bid for Dunia
It increased its 2013 revolving credit facility by SAR400m, with National Commercial Bank and Samba Financial Group contributing equally to the extra amount
Bahraini citizens will be compensated for the higher meat prices
Approximately 500 U.S. citizens had sued Arab Bank under the U.S Anti-Terrorism Act
The firm said net profit in the three months to June 30 was KD 13.5m
Many Saudis take bank loans to consolidate existing debts, according to a new report
The index fell to 53.1 in July from 55.5 in June, recording the slowest growth rate since March 2012
The firm said that its board approved the acquisition of a 35 per cent stake in Sukoon
The new accounting policy will help in appropriately reflecting the companies’ financial performance and increase transparency, a new report says
The privately-owned firm said in a statement revenue for the six months to June 30 was Dhs 13.7bn
The developer reported a net profit of Dhs 1.42bn ($386.6m) for the three months to June 30
The seasonally adjusted Emirates NBD Saudi Arabia Purchasing Managers’ Index climbed to 57.7 points last month from 56.1 in June
The seasonally adjusted Emirates NBD UAE Purchasing Managers’ Index rose to 55.8 points last month from 54.7 in June
The real estate investment trust fund will build the facility and lease it to Jebel Ali School
Previously, customers could obtain cash advances equivalent to as much as 50 per cent of their monthly credit card spending limits