Despite a surge in capital outflow, the rupee slide will not significantly damage the UAE economy.
The US and its allies are readying for air strikes against Syrian President Bashar al-Assad.
Stephen Evans, SCB’s head of private banking for Europe, Middle East, Africa and South Asia, reveals why Dubai is set to become a global private banking hub.
The company found the reserves at the El Salmiya-2 well in Egypt’s Western Desert.
Middle East investors have been shown a strong interest in London’s office spaces, says report.
The ‘Vogue Fashion Dubai Experience’ will be held on October 10 at The Dubai Mall.
Dubai’s index was down as much as 7.5 per cent in the morning on concerns of a possible escalation of Syria’s civil war.
The Middle East has around 62 per cent of investment opportunities in the region, Frost & Sullivan whitepaper estimates.
The Middle East’s leading airport is comfortably on track to surpass last year’s total of 57 million.
The DFM crashes for a second day in a row as a U.S. strike on Syria looks more likely.
The Sheikh claimed he helped the bank become lead arranger on a $9 billion asset sale by Kuwaiti telecom operator Zain.
The Syrian Electronic Army, a hacker group supporting the Syrian government, claimed credit for the attacks.
A consortium of National Petroleum Construction Company (NPCC) and France’s Technip will develop the Umm Lulu field.
The move follows President Bashar al-Assad’s forces alleged chemical weapons attack last week.
The MENA business reported revenues for the first half of the year were up 22 per cent on last year at Dhs1.01 billion.
The two nations have signed a 25-year deal valued at around $60 billion.
The luxurious destination features 100 retail and high-end F&B outlets spread across 33,000 sq metres.
Kuwait is deemed the most optimistic country in the GCC, while Lebanon and Egypt bring the Middle East average down.
The Syrian chemical weapons crisis has sparked fear among Dubai investors.
Emirates will be keen to connect passengers across its global network, particularly in Europe and Africa.
The quarry in the Al Taween area will not be allowed to reopen until its violations are rectified, a ministry official has said.
A construction timeline for the proposed 30,000 square metre retail facility is yet to be announced.
The zone is seen as a challenge to neighbouring city state Dubai, which is the top financial centre in the region.
Many hundreds of people died in Damascus suburbs last week after an alleged chemical weapons attack.
TAQA said it had decided to defer the investment decision in Afsin-Elbistan until 2014.
As regional confidence improves, Standard & Poor’s is looking to increase its presence in the region.
BBA was holding talks with its U.S. rival StandardAero over a $4.2 billion tie-up.
HSBC is advising SABB on the potential riyal-denominated sukuk issue to boost its Tier 2 capital position.
China’s Renminibi is touted to be a top trading currency along with the Euro and US dollar.
The new facilities will include outdoor pitches and four indoor, air-conditioned pitches.