The fall in the index was led by Kuwaiti investors selling out profitable positions ahead of holidays.
Former owner Cunard dismisses reports that the Queen Elizabeth II liner will be scrapped.
If unresolved, the US “fiscal cliff” budget crisis could erode oil demand in the world’s top consumer.
Over 13.4 million passengers passed through the capital’s airport in the first 11 months of this year.
Abu Dhabi Islamic Bank is the UAE’s first lender to receive a banking license in the African nation.
Survey shows ‘significant increase’ in investment from Europe.
The plant, located in Jubail, is expected to start production in the second half of 2014.
Dubai International Airport is set to surpass its projected passenger traffic target of 56.5 million in 2012.
The 632-room resort Rixos Bab Al Bahr will be joined by the 349-room Waldorf Astoria Ras Al Khaimah.
The forecast deficit is 21 per cent higher than the deficit originally projected by the government for 2012.
Capital markets in the MENA region raised $2 billion in 2012, up around 134 per cent from 2011, says Ernst & Young.
The Majid Al Futtaim group is reportedly in talks to buy the supermarket business of Mansour Group.
The Gulf state had predicted a GDP growth rate of 4.5 per cent for 2013 in June.
Almost half of the region’s employees are planning to request a higher salary for 2013, finds new survey.
Airline partnerships and new hotel launches marked a busy year for the region’s travel industry.
The telecoms operator signed a $100 million three-year loan facility with Singapore’s DBS Bank last week.
The warning has been issued because of the “difficult and sensitive political circumstances in Lebanon,” says ministry.
Midyan, developed by Saudi Aramco, is expected to start production in 2013.
Inter-GCC real estate ownerships rose 20.5 per cent last year, according to official statistics.
Qatari fund QSI bought French club Paris Saint-Germain in June 2011.
Under the deal, BAE will deliver 12 Typhoon and eight Hawk aircraft to Oman’s armed forces starting in 2017.
The Muslim Brotherhood said 64 per cent of voters backed the charter after two rounds of voting.
Shant Oknayan, co-founder of GlamBox, describes the first 12 months for the UAE’s start-up beauty revolution.
Adopt these key habits to use networking to help grow your business.
The plan to develop housing programmes could spur restructuring of the emirate’s real estate sector.
Bahrain shows biggest increase; Qatar shows biggest decrease in savings sentiment.
The sultanate last year became the last country in the GCC to introduce Islamic finance.
As the end-of-the-world countdown begins, Arti Gupta, managing partner at Lead On Consulting reveals what she’d like on her technology wish list.
The Dubai bank will also make an offer to minority shareholders for the remaining 4.8 per cent.
The alliance includes switching Qantas’ hub to Dubai from Singapore for European flights.