Arab Spring Boosts Dubai Retail Sales

Majid Al Futtaim-owened malls have seen a 15 per cent rise in footfall for the first half of the year.

The Rise Of Remittance

As remittances grows, Gulf Business investigates whether huge currency volatilities present a challenge or an opportunity for investors.

UAE’s New Reality Show To Debut In October

The winner of ‘The Entrepreneur’ show will receive a Dhs1million cash reward.

UAE’s Masdar Eyes Saudi Investments

The green energy firm is proactively seeking partnerships in the Kingdom, according to its chief executive.

Qatar Keeps Glencore Guessing On Xstrata Bid

Qatar’s sovereign wealth fund has built up a stake of more than 12 per cent in mining company Xstrata.

Top 10 Biggest Airlines In The World

Dubai-based Emirates is the only Middle Eastern airline to make the list of the world’s biggest global carriers by capacity.

UAE-China Trade Up 10% In 2011

Trade ties between the countries have risen over 395 per cent from 2002 to reach $15.6 billion last year.

Algeria Would Take Pre-Emption Right Over Qtel-Wataniya Plan

Qatar Telecom has already received approval to buy the remaining 47.5 per cent stake in Wataniya for $2.2 billion.

Saudi Airlines Unit Picks HSBC For IPO

Saudi Ground Services has hired the bank to advise as it plans to list 30 per cent of its shares.

High Oil Price Worries Saudi, Pledges To Meet Demand

Brent crude oil prices have largely traded in a range of $112-117 a barrel since mid August.

UAE Central Bank Plans Discount Window, Says Outlook Positive

The discount window will improve liquidity management practices in the country, the central bank said.

Gulf OPEC Big Three Raise Aug Oil Output By 400,000 bpd

Combined oil output from Saudi Arabia, Kuwait and the UAE rose sharply in August.

Dubai-EU Trade Volumes Flat In H1 2012

While imports remained constant, exports to the EU rose 15 per cent year-on-year during the first six months.

British Retailers Eye Middle East For Expansion

The MENA region ranks fifth most popular destination for international expansion, with UAE most popular country.

ME Investors Stack Up European Property

Regional investors accounted for 12 per cent of Europe’s real estate market in Q2 2012.

Saudi Arabia Forces Private Firms To Up Pay

The Kingdom will no longer count workers under a mandated quota if they are paid less than the minimum wage.

The Rise Of Dim Sum Bonds

Gulf firms are increasingly chasing Asian liquidity.

Egypt Sees IMF Deal In 2 Months, Eyes World Bank Aid

Egypt’s government is hoping to receive a $4.8 billion loan from the International Monetary Fund.

Dubai’s Al Habtoor To Raise $1.6bn In IPO

The family-owned business plans to issue new shares as it prepares to float on the stock market.

Dubai’s DIFC Sees 6% Rise In Registered Firms

The Dubai International Financial Centre had 899 active registered companies as of H1 2012.

Air India Heralds Dreamliner’s Arrival

India’s flagship airline welcomes the arrival of its first Boeing 787, ahead of its first Dubai route.

Global Sukuk Demand Far Exceeds Supply -E&Y

Current outstanding demand for Islamic bonds totals an estimated $300 billion.

New Lumia Range – Nokia’s Last Hurrah?

A busy few weeks for the mobile phone marketplace sees two new handsets from Nokia as it attempts to win back its share of the limelight.

Oil Prices Re-enter The “Danger Zone”

As oil prices rise, Western economies face dire days ahead, says Reuters’ John Kemp.

REVEALED: The GCC’s Top Event Bids

Gulf Business takes a look at the biggest events that the GCC nations have hosted, are hoping to host, and the ones that got away.

Egypt’s OCI Income Falls 28%

Orascom Construction Industries, Egypt’s biggest listed company, feels weight of new plants in Algeria and the US.

Qatar Tops Region In Global Competitiveness Ranking

Saudi Arabia came second, followed by the UAE in the World Economic Forum’s annual ranking.

UAE’s Al Habtoor Eyes Potential IPO In Dubai

The family conglomerate said that it was financially prepared to go public.

Emirates Enters 10-Year Alliance With Qantas

The agreement does not include a global revenue-sharing deal or equity injection from either side.

Banks Raise Costs For UAE’s Emal

The Abu Dhabi-based Emirates Aluminium will encounter higher loan rates due to the Eurozone crisis.