Industry
National Commercial Bank’s net profit was boosted by higher special commission and fee income.
A 6.3-magnitude earthquake struck close to Iran’s only nuclear power station last week, causing fears of a radiation leak.
Residential rents have shot up in areas such as Burj Downtown, Dubai Marina and Palm Jumeirah, says report.
Relocation provides 18-brand alliance with tax benefits and signals city’s growing commercial allure
The kingdom’s fifth-largest bank by market cap said it made $182.4 million in the three months ending March 31.
Zain Bahrain has been instructed to sell 15 per cent of its shares in the IPO and list on Bahrain’s bourse.
The race on April 21 will again draw attention to the human rights situation in the Gulf island kingdom.
The Dubai-based property developer’s loan has been extended until August 20, 2017.
The two new plants will together add 1,500MW of power to the sultanate’s current existing capacity of 4,500MW.
The Gulf airline has an order for up to 60 Boeing 787s, 30 firm orders plus an option to buy 30 more.
Arabtec replaced its chief executive last month in a management shake-up led by Aabar, its largest shareholder.
The Kingdom has awarded up to 400,000 tonnes of cracked fuel oil to SITME.
The Gulf Arab state has been hit by unrest since pro-democracy protests broke out in early 2011.
South American nation Venezuela tops the list, followed closely by Saudi Arabia.
Energy consumption in the Middle East has outpaced gross domestic product growth, according to the World Energy Council.
Telecomes operators are surging ahead with plans to build greater data storage and boost internet speed in the GCC.
City of Chicago Mayor Rahm Emanuel said the service will generate more than $200 million in economic benefits annually
New exhibition in Dubai to feature luxury London properties that are not yet marketed even in the UK.
The fund made a profit of Dhs455 million in 2012, compared with a loss of Dhs3.2 billion in 2011.
The $500,000 vehicle will ‘help to facilitate policing on highways’ as it’s capable of a top speed of 350 km/h.
Emirates targets growing bilateral trade links and outbound Swedish leisure traffic
The grand prix was cancelled in 2011 but went ahead last year despite calls by activists in Bahrain and campaigners abroad for teams not to race.
Abu Dhabi-based Etihad is mulling the acquisition of a 49 per cent stake in the indebted Serbian airline.
The former US President says the emirate’s model of “shared prosperity” is an inspiration for the Middle East.
Kuwaiti telecoms operator Zain holds a 56.3 per cent stake in Zain Bahrain.
The Dubai-based lender is accusing Netherlands-based ING of losing 40 per cent of a $108 million investment.
The conglomerate is currently in the midst of a $4.5 billion debt restructuring.
Gold had dropped $4.35 an ounce to $1,553.79 by 0037 GMT, after hitting its lowest since April 5 at $1,553.10.
The Abu Dhabi-based carrier is eyeing up a 24 per cent stake in the Indian airline, valued at around $330 million.
The shorter GITEX technology event in March indicated 2013 will be dominated by tablet computers, mobiles and accessories.