The lender opens Beijing office to tap rising financial ties between the UAE and China.
One of the world’s largest commodity traders has turned to Gulf-based banks to widen its lending pool.
Majid Al Futtaim-owened malls have seen a 15 per cent rise in footfall for the first half of the year.
As remittances grows, Gulf Business investigates whether huge currency volatilities present a challenge or an opportunity for investors.
The winner of ‘The Entrepreneur’ show will receive a Dhs1million cash reward.
The green energy firm is proactively seeking partnerships in the Kingdom, according to its chief executive.
Qatar’s sovereign wealth fund has built up a stake of more than 12 per cent in mining company Xstrata.
Dubai-based Emirates is the only Middle Eastern airline to make the list of the world’s biggest global carriers by capacity.
Trade ties between the countries have risen over 395 per cent from 2002 to reach $15.6 billion last year.
Qatar Telecom has already received approval to buy the remaining 47.5 per cent stake in Wataniya for $2.2 billion.
Saudi Ground Services has hired the bank to advise as it plans to list 30 per cent of its shares.
Brent crude oil prices have largely traded in a range of $112-117 a barrel since mid August.
The discount window will improve liquidity management practices in the country, the central bank said.
Combined oil output from Saudi Arabia, Kuwait and the UAE rose sharply in August.
While imports remained constant, exports to the EU rose 15 per cent year-on-year during the first six months.
The MENA region ranks fifth most popular destination for international expansion, with UAE most popular country.
Regional investors accounted for 12 per cent of Europe’s real estate market in Q2 2012.
The Kingdom will no longer count workers under a mandated quota if they are paid less than the minimum wage.
Gulf firms are increasingly chasing Asian liquidity.
Egypt’s government is hoping to receive a $4.8 billion loan from the International Monetary Fund.
The family-owned business plans to issue new shares as it prepares to float on the stock market.
The Dubai International Financial Centre had 899 active registered companies as of H1 2012.
India’s flagship airline welcomes the arrival of its first Boeing 787, ahead of its first Dubai route.
Current outstanding demand for Islamic bonds totals an estimated $300 billion.
A busy few weeks for the mobile phone marketplace sees two new handsets from Nokia as it attempts to win back its share of the limelight.
As oil prices rise, Western economies face dire days ahead, says Reuters’ John Kemp.
Gulf Business takes a look at the biggest events that the GCC nations have hosted, are hoping to host, and the ones that got away.
Orascom Construction Industries, Egypt’s biggest listed company, feels weight of new plants in Algeria and the US.
Saudi Arabia came second, followed by the UAE in the World Economic Forum’s annual ranking.
The family conglomerate said that it was financially prepared to go public.