This is the first time that the Kingdom is allowing female athletes to compete in the Olympic Games.
Dubai-based property developer Emaar plans to create a mixed-use development in the area.
The Egyptian Financial Supervisory Authority had rejected the decision, asking EFG to provide additional information.
The Gulf countries should learn from the Euro experience but create a monetary union soon, a Qatari central bank official has said.
The food and beverage company made a net profit of Dhs56 million during the first half of the year.
International Bank of Azerbaijan, the country’s largest lender, hopes to start operating in Qatar in the first quarter of 2013.
The famous entrepreneur discloses his favourite places in the city, just in time for the Olympics.
Luxury retailers in the region need to innovate to attract savvy customers, says a new study by BCG.
The Islamic premium no longer exists says one banking professional, stimulating greater issuance and longer tenors.
UAE’s leading telecoms company may also look to raise its stakes in other affiliates with high population markets.
Dubai’s flagship carrier is closer to a tie-up with the Australian airline, sending Qantas shares up eight per cent.
Average residential rents for both villas and apartments in the emirate increased during Q2 2012, says new study.
The logistics firm said weakness in Egypt and investment costs in new African operations weighed on its results.
The UAE- based telecoms company made a net profit of Dhs1.9 billion mainly due to increased international revenues.
The Dubai International Financial Centre (DIFC) economy posted a ‘GDP’ of $3.13 billion in 2011, up seven per cent from 2010.
The region’s biggest investment firm leaves as the healthcare provider launches third biggest offering of the year.
The utility company is not planning to issue a bond despite a drop in borrowing costs, its CEO has said.
The Qatari operator made a first quarter loss of $32.49 million, an improvement on the $32.6 million Q1 loss last year.
The Kuwaiti telecoms operator now owns 37 per cent of Zain Saudi following a weak response from other shareholders.
Three of the country’s largest banks have all posted positive results with First Gulf Bank reporting a 14 per cent profit rise.
Abu Dhabi Commercial Bank posted a net profit of Dhs733 million for the second quarter of the year.
The new office of the global asset management company will be headed by ex-Mumtalakat CEO, Talal Al Zain.
Residents can now complete residential and commercial tenancy contract registration at select post offices.
The private equity firm announced that Tom Speechley, senior partner at Abraaj, will take over as the CEO of UK-based Aureos.
NBAD, the largest bank by market value in the UAE, saw second quarter profit grow on higher net interest income.
Taxis in the Kingdom will be been banned from picking up passengers on the streets, the transport ministry has said.
The UAE-based bank made a net profit of Dhs1.02 billion during the period, beating analysts’ forecasts.
As GCC SWFs begin to invest closer to home, the West may find itself with an increasingly empty begging bowl.
As Tiffany & Co. announce a new JV in the region, a global report says the luxury goods market is growing.
Saudi Arabian Fertilizers Co (Safco) has also proposed a SAR6 dividend for the first half of 2012.