Qatar Telecom has received approval from Kuwait’s Capital Markets Authority to buy a stake in Wataniya for $2.2 billion.
Bahrain’s flag carrier will restart routes into both countries from next month.
Regional dairy producer is approaching the international market and commencing production of camel milk products.
The UAE, Saudi Arabia and Qatar have all told their residents to leave the country amid threats of kidnappings.
The Egyptian investment bank posted a net profit of $4.4 million as revenues from its brokerage operations declined.
A Malaysia-based association of Islamic scholars is planning to develop a global code of ethics to improve standards in the industry.
Asteco partners with real estate auction website to provide new solution for UAE property owners.
The contracts have been awarded to six international companies including Rio Tinto and France’s Areva.
The contracting company said that higher finance costs for acquisition and contracts provisioning led to the fall in profit.
The developer slashed costs to offset revenue drop following the collapse of Dubai’s property market.
Central Bank orders regional banks to meet liquidity requirements from January 2013, in preparation for Basel.
Standard Chartered may have settled its Iran regulatory dispute for $340 million but investors remain wary.
Indians, Pakistanis, Brits, Russians and others have bought 12,875 properties in the first half of the year.
Brent oil futures ended at a fresh three-month high on Tuesday as strong US retail sales, tighter North Sea crude supplies and speculation about economic stimulus outweighed weak euro zone data
Dubai Holding has said that Gerald Lawless, executive chairman of the Jumeirah Group, will take on his new role from September.
According to official statistics, the emirate’s non-oil merchandise trade reached Dhs139.4 billion in 2011.
The Dubai-based developer said that revenue from the sale of condominiums in the second quarter reached over $190 million.
National Industries Group Holding said that it has raised enough finance to repay the Sukuk when it matures on August 16.
Abu Dhabi oil company TAQA saw increased profits in H1 2012 owing to strong power and water performance and divested assets.
Bahrain’s flag carrier will begin a new daily flight to Dubai and several new flights across the subcontinent.
A mix of US, British and Qatari firms will all manage the various lines and stations as part of the planned $36 billion system.
Dubai trade licences saw a significant jump as UAE confidence steadily rebounds.
The Dubai-based airline will begin operating flights to Tripoli from October 29.
The natural gas company saw a boost in profit because of increased production and higher oil prices.
The Aden refinery resumed production after halting operations for nine months because of attacks on the country’s main oil pipeline.
Gold edged up on Monday, extending its winning streak into a seventh session as expectations rose of more stimulus measures from central banks around the world.
The UAE-based oil trader looks to hire a CRO as its forced to cut operations in the country by 60 per cent.
Prince Al Waleed Bin Talal, CEO of Kingdom Holding, escaped harm as his car was written off in Saudi Arabia this weekend.
The mosque, spread over 40,000 square feet, will be located in Downtown Dubai.
A quick catch up with the regional boss of the Germany’s national carrier.