The Dubai-based e-procurement technology provider plans to expand operations across the GCC.
The media mogul has stepped down from some of the company’s subsidiary boards that oversee its British titles.
The telecoms firm’s $1.69 billion rights issue was subscribed by more than 632 million shares.
The group, with links to the royal family, has bought a 45 per cent stake in Native Land which operates in London’s wealthy Chelsea.
Seven consortia including Qatar Airways and Bahrain’s airlines are hoping to qualify for a new licence in the Kingdom.
Savola Group also posts a rise for the second quarter making $90.9 million profit, up 48 per cent.
The Australian government has permitted Etihad to increase its stake in Virgin Australia up to 10 per cent.
The technology company posted a year-on-year rise in quarterly revenue to $13.5 billion.
Qatar has the highest levels in the Middle East while Egypt sets a record; Lebanon scores the lowest.
Higher revenues from international operations boosted the telecoms operator’s profits.
The Kuwaiti bank’s CEO blamed the political deadlock in the country for hampering economic growth.
False hope and economic turbulence are threatening the reliability of the GCC’s oil income.
Exclusive: Gerald Lawless, Jumeirah’s executive chairman, talks about Dubai’s growth and expansion plans.
Barclays, hit by the Libor scandal in Britain, will leave the IBOR panel after around 90 days.
The country’s first nuclear station will begin construction as the licence is agreed for ENEC and KEPCO.
Saudi Basic Industries Corp saw its quarterly profit drop due to lower prices and production.
Oman’s lender makes $50.6 million profit for the first half of the year, a huge rise from the same period last year.
Facebook has 45.2 million users in the region while four million Arabs use LinkedIn, says new report.
The Kingdom plans to allow foreign firms to list on its stock exchange within a year, an official has said.
The low-cost airline carried 1.3 million passengers during the second quarter of 2012, up 15 per cent from Q2 2011.
Zain’s share hold in the Saudi operator could rise to above 50 per cent forcing the Kuwaiti firm to consolidate losses.
The bank made a Q2 net profit of $26.8 million, up on analysts’ expectations and last year’s results.
The US-based bank saw overall net income fall to $2.94 billion in the second quarter of the year.
The UAE aims to increase exports from the new oil terminal as threats to close the Strait of Hormuz rise.
The country’s oil production fell 4.1 per cent to 27.7 million barrels in June compared to May.
Oman’s largest lender has offered new shares to existing holders at a discounted price to raise over $250 million.
The Saudi-based property developer said that Sukuk account holders will receive the funds on Monday.
The Oman lender made net profit of $90.9 million in the second quarter, above analysts’ estimations.
Carriers in the region face a huge supply-gap of pilots and technicians unless they recruit drastically.
The new rule, introduced by the central bank, will begin next year and extend until the end of 2014.