The Asian City-state has signed a five-year extension deal on the same weekend it hosted its fifth F1 Grand Prix.
Property agents paid labourers to stand in line 48 hours before doors opened in bid to secure new prime location.
The investment bank is reducing staff in Dubai and relocating some jobs to Qatar, say sources.
Middle Eastern cities such as Cairo and Amman lead the increase in occupancy rates.
United Arab Emirates are once again able to buy weapons from the European country after a previous ban following re-exported grenades is lifted.
The country’s non-oil trade reached Dhs76.6 billion in February this year, according to official statistics.
The Mohammed al-Mojil Group say its losses exceed three-quarters of its capital and its liabilities exceed its assets.
The UAE network is eyeing up new ventures into core markets, funded by a $510 million sale of its Indonesian stakes.
State-owned Tawazun Holding will build guidance weapons in Abu Dhabi in a joint venture with South African defence company.
The UAE-based contracting services company shares deal to construct pipelines in southeast Iraq with Italy’s SICIM.
Local investors are looking for fixed income investment opportunities outside the region, say asset managers.
Canadian firms have been green lit to provide nuclear energy and materials to the Gulf country as it builds four new reactors.
The UAE-based shopping mall operator hopes to start construction on the project by the end of 2012.
The IMF also cut its forecast for Saudi’s budget surplus this year from 16.5 per cent to 12 per cent, citing oil price movements.
Reports had earlier claimed that unskilled visitors from Asian nations would not be granted UAE tourist visas.
The Organisation of Islamic Cooperation has been calling for a universal blasphemy law for over a decade.
The Saudi-based oil giant will see its domestic output increase to 3.5 million bpd when new refineries come online.
The low-cost airline will now transport goods to Europe, the US and across Asia.
The Dubai carrier will use Airbus’ superjumbo on a permanent service, giving a 46 per cent rise in seat capacity.
The Abu-Dhabi developer behind the country’s railway network appoints Nasser al-Mansoori as its new chief executive.
The tech giant received more than two million orders for the iPhone 5 within the first 24 hours of its launch.
The Dubai-basd builder made a loss of Dhs11.6 million in the second quarter of the year.
The Qatari lender said that it will use the additional capital to meet strategic business requirements.
Kuwait plans to more than double the portion of state revenues it puts into its Future Generations Fund.
Following the arrest and conviction of its former chief executive, Khalil Nooruddin takes the reigns.
Sheikh Abdullah bin Saud al-Thani estimates two to three per cent inflation for 2012.
Prices dropped amid signs that Saudi Arabia is pumping at high rates to dampen prices.
Crescent Petroleum says it is confident that Sharjah-based Dana will find a resolution for its Islamic bond maturing in October.
Haitham Al Kouatly is accused of conning homeowners and tenants out of Dhs6 million in various property locations across Dubai.
Increasing supply in the emirate’s property market will continue to force rents and sale prices to fall, says new report.