Food is the largest segment of consumer expenditure in the region and stood at $83 billion year-end 2012, says new report.
In return for their multimillion franc investment, owners will receive “full on effortless living”
The Saudi-based juice manufacturer, which signed a $1 billion deal with Coca-Cola in 2011, plans to launch Rani and Barbican brands in international markets.
There are now 18 banks in the sultanate after last year’s merger between the local business of HSBC Holdings and Oman International Bank.
The U.S. car manufacturer – which houses the Chrysler, Dodge, Jeep and Ram brands – sold 25,321 vehicles in the region.
Qatar National Bank had planned to buy 77 per cent of National Societe Generale Bank last year.
Etisalat is talking to banks about a syndicated loan of up to $8 billion to finance the potential transaction.
Wafik Nsouli will take charge as executive director and head of institutional equity sales
The Dubai-listed company has proposed to pay a cash dividend of 5 fils per share to its shareholders.
The top U.S. diplomat will visit Saudi Arabia, Qatar and the UAE in his nine-country whistle stop tour.
Once complete, the facility will have the capacity to import nine million tons per annum of LNG.
The Dubai developer’s shares jumped 4.6 per cent to hit Dhs5.15, its highest close since November 2008.
Twin projects near Istanbul target leisure travellers as operator seeks new revenue opportunities outside GCC
The carrier’s recent advertisement featuring sports stars Lionel Messi and Kobe Bryant has received over 102 million YouTube hits.
The Gulf’s second-largest chemical producer made a net profit of 1.8 billion riyals ($494.4 million) for the fourth quarter.
The UAE lender will issue a benchmark-sized five-year bond and also a ten-year subordinated deal.
The Qatar sovereign has ratings of Aa2 from Moody’s and AA from S&P, and was in the bond market last summer with a $4 billion sukuk issue.
Etihad’s pause over taking a stake in Jet Airways highlights the difficulties Gulf investors have faced in India.
A list of the most successful Gulf companies to take the international business world by storm.
Shares in Germany’s second biggest airline jump after Etihad Airways buys stake in frequent flyer programme.
The firm made a net profit of 209.6 million riyals ($55.9 million) in the fourth quarter.
The Czech claimed her 10th tour victory with the win over Sara Errani on Saturday.
“All countries in the Arabian Gulf are talking to us,” says one executive in the unmanned aerial vehicle business.
The flexible 13-inch hybrid from Lenovo can be folded into a tent or a tablet.
The Gulf state is pushing ahead with a $2.6 billion plan to build a 36 km causeway connecting Shuwaikh port with the north of the country.
Deal provides Abu Dhabi carrier with better connectivity throughout Africa and Nairobi-based airline with improved international access.
Donor countries meeting in Kuwait last month pledged more than $1.5 billion to aid Syrians affected by the civil war.
The government’s bumper spending spree translated into higher salaries in the Kingdom.
Recent predictions suggest the value of food imports into the GCC alone will hit US$53.1 billion by 2020.
Alongside funnelling east-west business traffic via Doha, the new route will appeal to leisure travelers.