The UAE-based construction firm posted a 15.6 per cent drop in its first quarter net profit.
The final draft of the UAE’s new bankruptcy law will be ready by the end of this year, the Justice Minister has said.
The Dubai property developer announced that net profit for the first quarter of the year dropped 72.7 per cent to Dhs22 million.
Abu Dhabi shelled out close to $1 billion on Manchester City’s Barclays Premier League title, writes Neil Churchill
A joint venture between US-based Paladin Capital Group and Invest AD plans to launch a $100 million MENA fund.
Chinese firm Chinamex is building a multi-million-dinar Chinese-themed retail shopping mall in Manama.
As Sky News Arabia and Al Arab add to the region’s existing basket of Arabic news channels, can they gain marketshare?
Aabar said that it had only raised its stake in Arabtec to 20.7 per cent and not 53 per cent as previously reported.
High oil prices “pose a real threat to the economic recovery” says the International Energy Agency.
The Dhs150 million project will replace the existing zoo and will also include a butterfly park and golf courses.
The IMF questions Kuwait’s fiscal stimulus and warns of the sustainability of public finances.
Abu Dhabi Islamic Bank reported that revenues rose 7.3 per cent to reach Dhs874.8 million during the period.
As malls in Dubai announce massive expansion plans, experts express no concerns and say shoppers will come.
The Dubai investment conglomerate recorded a revenue drop of three per cent during the period.
The airport is increasing passenger capacity from 250,000 to two million in the next 12 to 18 months.
Saudi’s GACA says new international airline licences will be operational by April next year.
The Kingdom’s oil minister Ali al-Naimi said that an oil price of $100 per barrel would be “great.”
Qatar Investment Authority has reportedly acquired between three to five per cent of oil major Royal Dutch Shell.
Qatar has reportedly mandated five banks to help arrange a new sovereign Islamic bond.
The oil producing group said that crude oil supply was in excess of market requirements.
The Emirates’ inflight magazine will produce its June issue from the world’s highest office, at Burj Khalifa.
The emirate is planning a massive advertising campaign in New York’s Times Square to attract more US visitors.
The airline said that despite an increase in revenue, its profit was hit by rising fuel costs and unrest in the region.
The telecoms operator posted a net profit of Dhs333.1 million during the first quarter of the year.
The Japanese car manufacturer reported that its net profit for the year to March reached $3.5 billion.
The Bahraini lender’s net profit rose seven per cent during the first quarter of the year to reach $57.4 million.
Prince Alwaleed’s upcoming news channel, Al Arab will also be headquartered in Manama.
The Abu Dhabi investment fund said that a majority of its expenditure will relate to its semiconductor unit ATIC.
The GCC region plans to spend $300 billion on aviation in the next decade. But how much is too much?
Trade shows have lined up to provide a platform for trading between the China and Middle East regions.