Bahrain’s Investcorp Slumps On Euro Crisis

Bahrain-based investment company net income shrinks in face of Euro woes and asset depreciation.

Dubai’s DIFC Authority To Split Into Two Entities

Dubai International Centre will split into DIFCA and DIFC Property arms to boost its development.

Olympics: Qatar Wins Bronze In London 2012

Shooter and rally driver Nasser Al Attiyah claimed the bronze in the men’s skeet competition, Qatar’s first medal in 12 years.

Australia, UAE Sign Deal For Uranium Sales

The UAE recently granted a licence to Emirates Nuclear Energy Corp for the construction of the country’s first nuclear reactors.

Olympics: Qatar Eyes Major Global Sporting Role

Qatar aims to host international events and become the sporting hub for the MENA region, the country’s Olympic Committee chief has said.

Sorouh Posts 33% Rise in Q2 Profit

Increased revenues from national housing projects boosted the profit made by the Abu Dhabi-based property developer.

Qatar Awards Tram Contract To Siemens

Under the million-dollar contract, Siemens will supply 19 trams, technology and equipment to Qatar Foundation.

OPEC Oil Output Drops In July On Iran

Supply from OPEC members fell by 450,000 barrels per day (bpd) in July to 31.2 million bpd, a survey has found.

Olympics: Saudi Judo Athlete Allowed To Wear Hijab

Wojdan Shaherkani had refused to take part in the judo competition if she was not permitted to wear the hijab.

Nakheel H1 Revenue Up 112% at Dhs3.1bn

The Dubai-based developer posts first half profits of $208.82 million, up 36 per cent from the same period last year.

Dubai Airport’s June Passenger Traffic Up

The busy airport saw a rise in footfall of 13.7 per cent for the first half of the year to 27.93 million with air cargo also increased.

UAE’s Du Posts 57% Rise In Q2 Profit

The telecoms operator made a net profit of Dhs325.5 million in the second quarter of the year.

South Africa: The Halal Kingdom

With the halal industry reaching over $2 trillion in value, South Africa has emerged as a surprising global leader in halal certification, writes Peter Shaw-Smith.

The Property Bubble That Doesn’t Burst

The behemoth Indian real estate market is said to be at the brink of a collapse that isn’t quite happening.

GCC To Award $65.5bn Construction Deals In 2012

The UAE accounts for the largest share of the region’s construction market, according to new research.

Aluminium Bahrain Q2 Profit Falls 49%

Bahrain’s Alba said that second quarter net profit dropped due to lower prices and higher gas costs.

Olympics: Saudi Judo Player To Quit If Hijab Banned

Wojdan Shaherkani, one of Saudi’s two female athletes at the Olympics, will withdraw from the games over the hijab ban, her father has said.

Emaar profit rises 45% to Dhs1.2 bn, led by retail

Property giant Emaar reports 2012 profit rise citing Dubai’s strengthening economy.

Buy Now Before UAE Rents Go Up

Dubai Property oversupply is vanishing fast, says Peter Cooper, editor of Arabianmoney.net

Etisalat To Offer Shares To Foreign Investors

The UAE telecom operator has ruled out any new investments until 2014.

Arab Bank Posts 10% Rise In H1 Net Profit

The Jordanian bank saw increased profits due to lower provisions and a rise in operational income.

Saudi Women’s Olympic March Draws Praise, Blame

This is the first time that the Kingdom is allowing female athletes to compete in the Olympic Games.

Emaar Buys Dubailand Plot, Plans New Development

Dubai-based property developer Emaar plans to create a mixed-use development in the area.

Egypt’s EFG Hermes Confident Of QInvest Deal By October

The Egyptian Financial Supervisory Authority had rejected the decision, asking EFG to provide additional information.

GCC Shouldn’t Delay Single Currency– Qatar Official

The Gulf countries should learn from the Euro experience but create a monetary union soon, a Qatari central bank official has said.

UAE’s Agthia Posts 38% H1 Profit Rise

The food and beverage company made a net profit of Dhs56 million during the first half of the year.

Azerbaijani Bank Plans Qatar Presence

International Bank of Azerbaijan, the country’s largest lender, hopes to start operating in Qatar in the first quarter of 2013.

Branson Reveals Virgin’s London Tour Guide

The famous entrepreneur discloses his favourite places in the city, just in time for the Olympics.

GCC Not Yet ‘Luxury Tourist Hub’

Luxury retailers in the region need to innovate to attract savvy customers, says a new study by BCG.

Deutsche Bank: “Sukuk Premium Disappeared”

The Islamic premium no longer exists says one banking professional, stimulating greater issuance and longer tenors.