OPEC expects global demand for its crude to fall in the next five years because of increasing supplies outside the 12-member group.
Rising international demand for infrastructure and investment project financing is likely to stimulate growth in the UAE, Qatar and Saudi Arabia.
Sepp Blatter also ruled out holding the Qatar tournament in January-February out of respect for the Winter Olympics.
Kuwait is currently producing 2.9 million barrels per day of oil and had the capacity to produce 3.2 million bpd.
Standard Chartered has around $300 million exposure on the loan, while Citi has the rest.
In an exclusive interview with Gulf Business, healthcare mogul Dr. Mukesh Batra reveals his grand plans to take the alternative medicine empire to every corner of the world.
With a new business aviation hub in Dubai’s DWC and growing competition, the market for private jets looks set to reach new heights.
Gulf equity and debt markets have boomed, partly on the back of inflows of foreign money, while markets affected by the Arab Spring have struggled.
Saudi leaders fear President Barack Obama’s administration has stopped listening to its Arab ally.
Marco Bonapace, founder of Vision EyeWear, explains how boutique brands can crack the sunglasses market.
Saudi Arabia continued to be Dubai’s primary source market, recording a 31.6 per cent rise in visitor numbers.
Will crowdfunding work or is it just a fad that will wither away in time?
Ivory Coast announced plans in March to build a regasification and storage unit.
Cobone is looking to tap into the Gulf’s booming online travel industry by offering greater features.
The 466-room property will target ‘new Dubai’ businesses as well as value-seeking business travelers.
Global operator wrestles with “difficult market” but remains committed to MEA expansion.
The Abu Dhabi builder made a profit of Dhs407.5 million compared with Dhs205.7 million in the corresponding period of 2012.
Alba’s income was boosted by a seven per cent increase in sales to 183.3 million dinars, with strong demand from Saudi Arabia.
The smartphone maker abandoned plans on Monday to sell itself sparking a 16 per cent drop in its share price.
A team of experts opened Arafat’s grave in the West Bank city of Ramallah last November to seek evidence of alleged poisoning.
The biggest businesses in Qatar, valued by market capital.
Alexander Rauser, CEO of mobile application builder Prototype Interactive, shared his insights on the industry in the Middle East with Gulf Business.
The bank also reported a year to date net profit rise of 33 per cent on the same nine-month period last year.
Set in the new Al Maktoum International Airport, Dubai’s Airshow is set to be bigger than ever.
The new video camera allows hands-off recording with a wristwatch remote.
Sheikh Tamim bin Hamad al-Thani showed sensitivity to issues that could become politically controversial in the tiny but wealthy state.
The financing is for six Boeing 737-800 aircraft three of which are scheduled to be delivered in the second half of 2014.
The new tower, rising 369.1 metres, will be one of Dubai’s top ten tallest buildings.
The Entertainer has been on a major expansion drive following investment by Abraaj Capital.
Dubai’s real estate market has been rebounding from its crash while the hotel and restaurants sector grew 13.7 per cent in the first half of the year.