Omani gas production has risen sharply over the last decade and the country remains a net gas exporter.
Chicago schedules amended to three-a-week and Chengdu is put on hold
Inflation in the Kingdom reached a seven-month high of 4.2 per cent year-on-year in January.
Average oil production in the country was at 884,900 bpd in 2011.
Profit was boosted by higher revenue in Qatar, Indonesia and Iraq.
Regional M&A activity spiked in 2012 as global investors looked outside the West.
The Gulf Business 2013 Salary Survey reveals which countries reward CEOs with the biggest pay packages.
The struggling carrier said further adjustments would be made across all levels of its organisation.
The company expects to finalise details of the initial public offering by the end of June.
The new company, called Noor Awqaf, is being set up with a share capital of Dhs10 million.
Qatar and UAE-backed investors are expected to make what will be the largest ever bid for a football club.
The increase was due to new discoveries in three different oil fields as an average of 918,000 bpd were produced.
Gulf Business brings you the top 10 banks in the UAE that made the largest profits last year.
Abu Dhabi investment fund Aabar has a 22 per cent stake in the Dubai-based contractor.
Emirates Nuclear Energy Corp (ENEC) was awarded a licence for the construction of the first two reactors last July.
This is the Serb’s fourth Dubai Championships win in five years.
As its oil reserves dwindle, is Oman’s focus on diversification and privatisation enough to keep the economy ticking?
As airlines and airports in the GCC expand, air traffic management is becoming a serious concern, say experts.
Two years after Qatar won the right to host the World Cup, little work on many of the big projects has actually started.
Peter Bidenko, regional executive creative director, Leo Burnett UAE, Kuwait and Lower Gulf and Ali Ali, independent director, lead the debate.
Queues of investors have formed outside the offices of real estate developers in scenes that recall the emirate’s boom days before 2008.
The Japanese investment bank plans to increase business across investment banking advisory, debt and equity capital markets.
The utility printed the five-year paper at par at a profit rate of three per cent.
The airline’s first such initiative for three years, it will comprise TV, print, outdoor and digital elements.
Dubai-based developer says its website received traffic from 75 countries for online registration for The Address Residence Sky View.
The Gallic brand also saw a four-fold increase in volume sales on the previous year.
Salman Haider, executive managing director of hotels at MAF, said work will start at the beginning of 2014.
The refinery is expected to restart around April 15.
The asset sale is part of the Dubai Group’s $6 billion restructuring process, said officials.
Sultan Al Suwaidi said that a well developed local debt market would buffer the country from the next global economic crisis.