Citigroup Moves To Block New Arbitration By Abu Dhabi Fund

ADIA previously accused Citigroup of fraud in the initial arbitration.

Sony Launches 20.7MP Camera Smartphone Xperia Z1 In Dubai

Sony’s latest smartphone, available in black, white and purple, is priced at Dhs2,749 in the UAE

Exclusive: Emirates To Have 43 A380s By Year-End – President Tim Clark

The Dubai-based airline has new routes coming up, says Emirates president Tim Clark.

UAE’s Western Expats Spend Heavily On Luxury: Survey

UAE expats are “less prudent” than their counterparts in Singapore and Hong Kong with regards to financial planning.

Saudi SABIC Sets Initial Guidance On Five-Year Dollar Bond Sale

The initial price thought on the bond is in the area of 150 basis points over the equivalent U.S Treasuries.

Saudi Car Owners Fined For Allowing Women To Drive

Traffic police issued fines totalling SAR5,400 ($1,400) for allowing “an unqualified person to drive.”

US-Based Mooyah Fast Food Chain Launches In The UAE

The restaurant will be owned and operated by franchise partner Awgal investments and Menfex, the brand developer for Mooyah.

Dubai’s Union Properties To Seek Foreign Ownership Increase

Currently, non-UAE nationals can own up to 15 per cent of the developer

Depa Wins Dhs574m Fit-Out Contract In Abu Dhabi Project

Depa’s scope of work will include architectural woodwork, flooring work, decorative tasks and interior lighting.

New MBC Bollywood Channel To Launch In October

The channel will feature series and movies from India’s movie hub.

Hakkasan To Open Palm Jumeirah Resort

Abu Dhabi-owned nightlife and restaurant brand diversifying into hospitality with work on Dubai beachfront resort set to start next year.

Lufthansa CEO Says Open To Forming Alliance With Gulf Carriers

Europe’s biggest airline by sales has seen some of its market shares gobbled up by ambitious Gulf airlines.

Dubai Working On Rules To Avert Property Bubble

With Dubai’s apartment prices up around 20 per cent on last year, the International Monetary Fund has warned of the danger of another bubble.

Saudi Arabia Worst On Women’s Legal Issues

A World Bank report found the Middle East and North Africa have made the least progress over the last 50 years in improving women’s economic opportunities.

Dubai Not In Refinancing Talks With Abu Dhabi

Dubai’s companies are ‘doing well and can take care of their own debt’ according to Sheikh Ahmed bin Saeed al-Maktoum.

Gulf Business Awards Pictures: The Red Carpet Attendees

The who’s who of UAE business graced the glittering Gulf Business awards function.

Gulf Business Industry Awards 2013: Special Individual Winners

Revealed: The winners of the Lifetime Achievement Award, UAE Company of the Year, Gulf Business CEO of the Year, Innovator of the Year, Entrepreneur of the Year, Businesswoman of the Year and the Special CSR Award.

Gulf Business Industry Awards 2013: Companies Of The Year

REVEALED: The winning companies of the year from media, IT, energy, tourism, retail, education, real estate, aviation and banking.

Gulf Business Industry Awards 2013: CEOs Of The Year

The winning CEOs of the year from media, IT, energy, tourism, retail, education, real estate, aviation and banking.

Spain’s La Liga Opens Dubai Office

The top Spanish league looks to strengthen its ties with the region as it seeks more Middle East sponsors.

Silicon Valley Start Up Uber Eyes Dubai Luxury Market

Uber has said that their services will only complement the local taxis and not compete with them.

BlackBerry Agrees To $4.7bn Buyout

Fairfax, which currently owns 10 per cent of BlackBerry, will pay $9 for each outstanding share.

ME Carriers To Net $1.6bn Profits In 2013

IATA projects that Middle East carriers will post a profit of $2.1 billion in 2014.

Emirates May Sell Bonds Next Year To Help Pay For New Aircraft

Emirates has to raise $22 billion over the next four years to finance its aircraft deliveries

UAE, Saudi Economies To Show Steady Growth In 2014

UAE and Saudi economies are set to grow four per cent and 4.5 per cent in 2014 respectively.

Dubai August Airport Passenger Traffic Up 23.8%

Dubai Airports said the strong growth in August was the fastest in three years

REVEALED: The Gulf Business Industry Awards Winners 2013

The Gulf Business Industry Awards 2013 winners were voted for by a panel of independent, cross-industry judges.

Saudi Group Campaigns Against Ban On Women Driving

The “October 26 Driving” campaign says it has gathered 8,700 signatures for a petition

Dubai Gold Trade Hurt By New Indian Import Tariffs

The Indian government has hiked the duty on gold bullion imports three times this year to a record 10 per cent

R Hotels Group Reveals Dhs1.5bn Expansion Plan

R Hotels group owns, manages and operates three hotels under the Ramada brand.