Trade flows between the regions increased by 3.26 per cent in 2012 compared to the previous year.
Etihad’s 40 per cent stake in the airline a year ago has produced a financial turnaround
Emaar made a revenue of Dhs2.5 billion from apartment sales last year, compared to Dhs1.1 billion in 2011.
Naimi’s comments follow recent warnings that weak economic growth could hobble global oil demand this year.
Etisalat is keen on winning the contract to run state-owned Libyan Post, Telecommunication and Information Technology Co.
HSBC’s Saudi Arabian unit, JP Morgan Chase and Samba Financial Group are frontrunners to manage the sukuk sale.
Government spending related to the World Cup will hit almost $115 billion between now and 2022, says new study.
The 100-megawatt, grid connected power plant, Shams 1, will generate clean energy to power 20,000 homes in the UAE.
Ghoneim, who was appointed CEO in June 2012 is the latest STC senior management executive to quit.
Qatar Investment Authority has reportedly approached several large private equity houses to jointly bid for British retailer Marks & Spencer.
Kuwait Oil Company said no one was injured by the gas leak.
Saudi Electric last tapped the international bond market in March 2012 with a $1.75 billion two-part Sukuk.
The Sukuk forms part of a $12.5 billion debt package currently being raised to fund the construction of a $20 billion petrochemical complex.
About 52 per cent of the overall project has been completed so far, say officials.
The central bank has previously backed off from enforcing regulations after complaints from the banks.
The Qatari firm is in talks with around 9-10 banks about committed financing for a bid.
A cross-section of the best print, TV and integrated ad campaigns from across the region.
Sheikh Ali Salman, leader of the Shi’ite-led group al-Wefaq, says he welcomed Crown Prince Salman al-Khalifa’s appointment.
Is the government finally succeeding in persuading a significant number of local citizens to start their own firms?
Abu Dhabi-listed energy company Dana missed repayment of its $920 million sukuk that matured in October last year.
Y&R Dubai bags agency of the year award for the third year in a row.
Men still 2.8 times more likely to start a business in MENA as the UAE ranks 22nd on a global survey for ease of setting up a company.
The new smartphone is reportedly powered by a new processor and said to include a unique eye-scrolling feature.
The forecast is lower than the Economic Development Board’s prediction last month of 6.2 per cent for 2013.
YouGov and dudu.com survey reveals behaviour of internet users in the GCC.
But no timeframe has yet been given as to when Dreamliners will return to service globally, and the FAA has warned additional testing may be necessary.
Deborah Jones, a former ambassador to Kuwait, has been appointed to the post.
A body representing the state said it had lodged an appeal with the Administrative Court against its ruling last week.
Last September the central bank announced it would develop its monetary policy framework enabling banks to borrow intra-day and overnight funds.
The renovation will start on July 8 and is expected to take up to 10 months.