Average apartment rents increased six per cent and villa rents rose nine per cent in Q2 2012, says Asteco.
Four IPOs, valued at over $1.1 billion were issued in the GCC during the second quarter of 2012.
Shareholders of Capital Management House, Capivest and Elaf Bank approve the three-way merger.
The number of guests in the emirate’s hotels reached 192,374 during May this year, official statistics show.
Future utility bills may be displayed on social networks as government sectors look to improve communication.
The airline will fly 73 extra flights to Jeddah and Medinah Al Munawarrah from July 20 to September 1.
The UAE city is ranked as having the most transparent real estate market in the MENA region.
The oil giant signs agreement to sell its Vela marine unit to Saudi National Shipping Company.
Restaurants and shops consider rejecting premium credit cards as Network International hikes fees.
Flights to Basra, the low-cost airline’s fifth destination in Iraq, are scheduled to start next month.
The Arabtec consortium, that includes Greek and Turkish firms, will build a terminal at the Abu Dhabi airport.
The demise of Gaddifi has unleashed a treasure trove of opportunity, but one that’s fraught with risk.
The Swiss company is opening a Dhs500 million manufacturing plant in Dubai World Central.
A firm linked to billionaire Robert Kuok is set to take a stake in Drydock’s Southeast Asia operations, say sources.
Key concerns about the European debt crisis offset worries about tighter North Sea supplies.
The Qatar-based telecoms operator plans to buy the remaining majority stake in Wataniya for $1.9 billion.
Majid Al-Refai will serve four years in jail for a number of crimes during his tenure as CEO of Bank Alkhair.
The Arab state will need to attract conventional rather than Islamic investors due to the lack of sukuk.
UAE mall developer Majid Al Futtaim Holding plans to issue a dollar-denominated bond this year.
Visitors from the UK topped the list, spending almost $500 million in 2011, according to Visa.
Media reports had claimed that Etihad and Qatar Airways were eyeing a minority stake in the Indian budget carrier.
Global news agency Thomson Reuters buys MENA-based online platform Zawya for an undisclosed amount.
Abu Dhabi’s sovereign wealth fund expects emerging market stocks to outperform in the long-term.
The Omani bank plans to use the proceeds from the sale to fund credit expansion and its foray into Islamic finance.
Majid Al Futtaim has begun choosing banks to arrange investor meetings ahead of a second bond issue.
Residential rents rose between four to 13 per cent in the two Saudi Arabian cities, says a new study.
The investment company, which plans to launch an IPO, raised Dhs100 million from the sale.
The free zone has repaid the Islamic loan five months early and consequently received a rating upgrade from Fitch.
Qatar’s government is hoping that its nascent non-oil sector will keep the economic engine running.
Qatar plans to buy four hotels from Starwood for around $940 million, according to French media reports.