Booming revenues from liquefied natural gas will assist the country’s infrastructure revamp.
RBS, Commerzbank and Standard Bank are all threatening legal action against the Dubai Group.
Abraaj Capital founder and group CEO, Arif Naqvi, tells Alicia Buller about his hopes for the private equity sector.
SWF Mumtalakat, which has shares in the airline, made a net loss of $717.68 million last year.
Latest report from Asteco shows villa rates up four per cent as demand outstrips supply.
Government reminds retailers and suppliers not to raise food prices ahead of Ramadan and iftars.
Saudi Arabia’s dairy producer and property developer both reveal an increase in net profit for the second quarter.
The global technology firm plans to increase regional hiring and open more offices in a major expansion drive.
Lending to the shipping industry is facing stormy waters amid a difficult global backdrop.
The Dubai airport retailer will use funds from the international credit facility to finance on-going expansion.
Analysts are not revising share price forecasts following a surge in banking shares after mortgage law approval.
Slowing deposit growth means Qatari banks need other sources to avoid funding issues.
The $500 million Sukuk, EIB’s second issue this year, is priced at par and is due to mature in January 2018.
The Gulf States account for 14 per cent of the total deposits in the island, according to official data.
First half revenues for Abu Dhabi’s airline are up 30 per cent as passenger numbers soar to almost five million.
The international hotel operator plans to open one hotel in Cairo and a resort in Alexandria.
Total deposits in the country decreased by 1.2 per cent during the month to close at Dhs1.1 trillion.
Qatar Holding is planning to open Harrods branded hotels in Malaysia, Paris and New York.
New foreign partners, mainly from the Far East, are being targeted as stakeholders of the future.
Abdul Aziz Al Ghurair is the man behind Mashreq, the UAE’s largest privately owned bank. In a rare interview he opens up to Alicia Buller on the greed culture that engulfed the UAE’s banks and lurched the industry into crisis.
Qatar Airways is keen to launch an airline in the Kingdom, but is worried about excessive fuel charges.
The Dubai-based port operator sold its 60 per cent stake to Australian firm Flinders.
Eissa Al Suwaidi has been appointed as the new head of the UAE telecoms company, replacing Mohammad Omran.
New plans unveiled for the former cruise ship leave her floating in Port Rashid rather than off Palm Jumeirah.
The long-awaited mortgage law is expected to help solve the Kingdom’s critical housing problem, say experts.
Number of visitors to Dubai’s International Airport climbs with a big increase from flydubai’s new Russia service.
Al Nabooda, the distributor of Porsche, Audi and Volkswagen in Dubai, plans major investment push.
The Gulf state is reportedly setting up two companies through an official decree to issue the Islamic bonds.
UAE exchanges say there is still no clarity regarding the Indian government’s proposed service tax on remittances.
Crude oil across the region is down as caution in China has knock-on effect for global oil prices.