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.

Saudi SMEs Eye Major International Expansion

New survey finds that in the next three years, the number of Saudi SMEs operating in six or more countries will rise from 16 to 41 per cent.

Gulf Bond Market Braces For Deals After Fed Decision

The US Federal Reserve’s decision to maintain its monetary stimulus is expected to boost the the regional bond market.

Former DIFC Banker Fined $20,000 For Fraud

Nikhil Das, a private banker, was found guilty of carrying out fraudulent transactions worth $8.4 million.

UAE’s Abraaj Exits Investment In Filipino Hospital

Abraaj’s exit in Daniel O. Mercado Centre was executed through a buy-back arrangement with the Mercado family.

Dubai Appoints DFM CEO Essa Kazim As New Head Of DIFC

Kazim, whose appointment is effective next Jan. 1, will replace current DIFC governor Abdullah Mohammed Saleh.

Emirates’ New Cargo Terminal On Schedule For Completion

Operations of the new terminal, located in Dubai’s new Al Maktoum International Airport, will begin in April 2014.

Emaar Launches New Palma Villas In Dubai’s Arabian Ranches

The Spanish-styled villas are part of a massive extension plan of Emaar’s Arabian Ranches community.

Egypt Set For Total Rewrite Of Mursi Constitution

A 50-member committee has been appointed by the interim government to amend the constitution.

Gold Drops On Fresh Stimulus Fears

Spot gold was down 0.3 per cent to $1,321.56 an ounce, after a near three per cent drop on Friday.

Countdown Begins For 2013 Gulf Business Awards

The second annual awards, to be held tonight, will recognise business achievement across various sectors in the UAE.

Saudi Arabia To Complete Jizan Industrial Project In 4 Years

Saudi oil minister Ali Naimi said that work is ongoing in the project, which includes a 400,000 barrels per day refinery.

Dubai Oil Services Firm NPS Eyes Up To $700m From Potential Sale

A formal sale process for the business was initiated earlier this year, sources said

Pictures: Warehouse In Flames In Dubai’s Al Quoz 3 Area

The fire in a garment warehouse in Dubai’s Al Quoz 3 area gutted the building.

DMCC Becomes UAE’s Largest Free Zone

DMCC has around 7330 registered companies operating within it.

Dubai’s Bourse Comes Off Three-Week High

Dubai’s index falls one per cent to 2,641 points in early trade.

UAE Approves Dhs1.5bn Contracts For Emirati Housing Project

The project will build and renovate around 10,000 houses for UAE citizens across different emirates.

BlackBerry To Cut 4,500 Jobs As Z10 Fizzles

The Canadian phone manufacturer is slashing up to 40 per cent of its global workforce as sales drop.