The new pipeline is expected to end the UAE’s dependence on the shipping route that Iran has threatened to block.
The UAE and Qatar have not been upgraded to emerging markets status by index compiler MSCI.
Poor outlook for the US economy and rising supply pushed oil prices to around $92 per barrel on Thursday.
The number of Lebanese visitors staying at Dubai’s hotels rose two per cent year-on-year during Q1 2012.
Although the stock market is down 14 per cent from this year’s high, investors are positive on earnings.
Regional banks are on the prowl to snap up Middle Eastern arms of European banks looking to sell.
The construction company will use the amount to refinance existing debt and fund expansion.
Dubai’s flagship airline is looking at plans to lease aircraft in a deal with DNA2 and Goldman Sachs.
The luxury hotel chain group has specific discussions going on in Mumbai and Delhi, its chairman has said.
The Suisse bank returns to court today in lawsuit over alleged failure of payment in $10.7 billion Zain deal.
The country has adequate financial resources to bridge its budget gap, a senior minister has said.
The Canadian hotel operator announced that it will open its first resort in Dubai by mid-2014.
The retail and hospitality conglomerate moves into the healthcare industry with the launch of medical clinics.
Oil prices briefly fell below $95 a barrel on Tuesday on Eurozone worries, but bounced back again.
The amount will be partly used to construct a fuel pipeline from Jebel Ali to the Dubai Airport.
UAE contractor Drake & Scull International has secured a series of MEP contracts in Oman.
The UAE ranks highest in the region for global retail expansion, says a report by A.T. Kearney.
The Qatar-based telecommunications firm promotes Ahmed Al-Derbesti to chief operating officer.
The rating agency has cut the bank’s Middle Eastern arm’s rating from BBB+ to BBB, due to flat NPL ratio.
The world’s biggest social network acquires the company behind the ‘tagging’ of photos for $60 million.
The Gulf state is starting investor meetings this week for a planned dollar-denominated bond issue.
Travellers from the GCC love all that Europe has to offer in terms of shopping, medical treatments and good weather.
The Islamic mortgage lender picks ADCB, Emirates NBD and UBS for meetings on asset-backed Sukuk.
The Dubai-based airline announced that it has repaid its Islamic bond on maturity date.
The Gulf is refining its billion-dollar petrochemicals agenda to supply value-added products across the globe.
The new route could increase the number of tourists from the UAE to Portugal to more than 100,000.
DIFC Investments raised money through a syndicated facility to help repay the Islamic bond.
It’s unclear whether a recent surge in Islamic finance activity will lead to much-needed change.
Kuwait Investment Authority is reportedly planning to invest in Malaysia’s IHH Healthcare’s $2 billion IPO.
Officials say new laws are needed to prevent misuse of social networking tools in the country.