The central bank has instructed lenders to find means of reducing the debt burden of UAE nationals.
While banks in the region are returning to pre-crisis levels of profit, they have to improve efficiency, says AT Kearney.
The Tunisian government has set up a working group with Islamic finance experts to study its development in the country.
Despite the threat of regional upheaval and global downturns, the UAE is still the darling of the luxury car industry.
The merger talks between the two Abu Dhabi-based developers are in compliance with corporate governance, a senior official has said.
The region has witnessed a growing shift towards the wellness experience.
Thailand island investors on The World development have been offered a full refund.
Emirates plans to hire 3,800 new cabin staff this year, taking its total number of in-flight crew to nearly 20,000.
The majority of financial executives in Dubai are planning to increase staff this year, according to a survey.
Emirates NBD requests withdrawal of Dubai Bank’s Fitch and Moody’s ratings.
The Abu Dhabi Securities Exchange has denied reports that it’s going to investigate trading patterns of Aldar and Sorouh.
The Bahraini investment company has acquired a portfolio of properties in the San Francisco Bay Area for $65 million.
The indebted telco has appointed Fraser Curley as chief executive, its third CEO in six months.
According to sources, the UAE-based bank is planning to let go of its employees to cut costs. The bank has refused to comment.
The global software firm is planning to hire 500 new employees and open more offices in the region.
Qatar Petrochemical Company has awarded construction contracts worth QR604 million to expand its ethylene plant.
Government-owned Dubai Group is currently reviewing the potential sale of the Manhattan-based property.
The region’s hydrocarbon reserves account for almost a third of the world’s reserves, says QNB Capital.
The bank has reportedly applied for a full commercial banking licence to expand its operations in the kingdom.
The UAE-based property developers are discussing ways to merge in a government-backed tie-up.
Kuwait’s sovereign wealth fund has obtained approval to initially invest up to $300 million in China’s securities market.
The emirate will not stop issuing new hotel licenses as previously reported by local media, but will be selective in the number it grants.
More than 1.5 million tourists visited the emirate last year, and the city is putting in several efforts to attract more visitors in the future.
Dania Saadi reports on the new wave of entrepreneurs spreading across the Gulf, boosted by growing funding opportunities.
Despite demand worries, OPEC oil production reportedly reached 30.97 million bpd in February, the highest since November 2008.
The region’s representatives on Forbes’ annual list of the World’s Billionaires have a combined net worth of $65.4 billion.
P&G was named advertiser of the year, while Y&R Dubai bagged the advertising agency of the year award.
Healthcare provider NMC hopes to raise $250 million through the listing, and plans to use the funds for further expansion.
Dubai will soon welcome two large hotels located in close proximity. But will they be able to co-exist and attract enough demand?
The outspoken head of Qatar Airways has expressed support for the planemakers as they struggle to resolve production flaws.