Government expenditure is up six per cent from 2012, while revenues are forecast to rise 7.8 per cent in 2013.
Saudi’s behemoth banks were flush with capital in 2012.
Arabtec and SS Lootah have been awarded the contracts for the Dubai developer’s Jumeirah Park development.
Reports say the Kingdom wants to buy 100 of the Dingo armoured vehicles over the longer term.
The Kingdom’s aviation authority launched its first sukuk in 2012 and raised SAR15 billion to fund the Jeddah airport development.
The Abu Dhabi airline is set to achieve a 22 per cent year-on-year increase in passenger numbers.
As US crude production rises, is OPEC’s influence on global oil markets in danger of waning?
The Gulf state’s real GDP rose 3.9 per cent in the third quarter of the year, according to official data.
Foreigners buying real estate in the UAE can now only get a loan for up to 50 per cent of the property’s value, say sources.
The expansion dovetails with the opening of Concourse A, the world’s first purpose-built A380 concourse, at Dubai International Airport in January
Gulf Business rounds up a list of the 20 most popular stories on our website this year.
2013 revenue projected at a conservative SAR829 bn, according to Emirates NBD, as spending on education and healthcare to increase.
UAE-based bank to add 10 new branches in 2013; move headquarters to Sharjah, says CEO.
The Emirates CAE Flight Training Centre services over 200 aviation clients and trains more than 10,000 pilots and technicians a year
The Gulf state’s inflation rate will slow to 4.1 per cent next year, says central bank chief.
The government plans to spend $219 billion in 2013, 19 per cent higher than the amount budgeted for 2012.
Qatar Airways and Bahrain’s Gulf Air have become the first foreign airlines to obtain carrier licences in the Kingdom.
Many Gulf banks recorded slightly better performance in 2012 but regional differences are apparent. Overall, the region has swerved the ongoing global growth weakness.
Steven Morgan, head of country at Cluttons UAE discusses the outlook for the regional property sector.
Airline claims Lindner Depa Interiors was to build 19 airport lounges at New Doha International Airport by the summer “but failed to complete the project on time”
The country faces political problems and a hangover from banks that were affected in the global economic crisis.
Attractive interest rate levels and abundant secondary liquidity in the market are expected to drive demand.
As part of the deal, Emirates will become the official airline of the ATP World Tour and the new title sponsor of the ATP Rankings.
The emirate’s tourism authority is holding a five-city road show in India in January.
The Japanese automaker is seeking to move past the biggest safety crisis in its history by paying $1.1 billion to settle lawsuits.
The latest edition of the Centre for Economics and Business Research World Economic League Table (WELT) for 2013 reveals some interesting moves as the world’s richest powers jockey for position.
The new facility at Terminal 3 of Dubai’s International Airport is scheduled to receive its first flight in January 2013.
President Barack Obama plans to hold budget talks on Thursday aimed at averting the so-called fiscal cliff.
President Mohamed Mursi has enacted a new, bitterly contested constitution, which won about 64 per cent majority in a two-stage referendum.
William Berridge, FX strategist at Barclays reveals the expected trends in the currency market.