The precious metal rose to $1,676.45 an ounce on Monday, it’s highest in over four months.
Mohamed Mursi confirms there will be no new taxes and will look to investment to fix the country’s economy.
Gulf Business lists the gadgets you need to have if you’re about to step into the corner office.
Bahrain’s loss-making national carrier announced that revenues and passenger numbers rose during the first half of the year.
Kuwaiti investment firm NIG is now seeking approval for its lawsuit against Carlyle to be heard in Kuwait rather than the US.
A virus infected about 30,000 of the oil producer’s workstations in mid-August, forcing the company to cut off external communications.
The Kuwaiti-network is expected to agree a non-equity deal with the operator giant to share its network.
Jordan’s largest lender has elected Sabih al-Masri to head the bank after the sudden resignation of Abdel Hamid Shoman.
According to a new survey in the UAE by Western Union, 76 per cent of the respondents find internet banking safe.
The two parties will use international arbitration if they are unable to reach an agreement, says official.
The metro system, the third one planned in the Kingdom, is estimated to cost around $9.3 billion.
Saudi Arabia’s banks post bumper profit growth and lead the region’s banking recovery.
A California jury ruled that Korean manufacturer Samsung had infringed six of Apple’s patents for mobiles.
The National Bank of Abu Dhabi comes highest in the region for world’s safest banks; Europe take top five spots.
Global oil inventories in countries other than Iran fell about 1.2 million barrels per day in July and August.
Couple abducted after Lebanese army steps up security as kidnap threats target Gulf visitors.
BoP will launch its Dubai office in 2013 to serve 200,000 Palestinians.
Amazon launched a Kindle store in India and is set to sell the Kindle e-reader.
In a rare interview, Ali Rashid Lootah tells Gulf Business that the property empire is out of the abyss and into the black.
The region’s banks witnessed a moderate recovery last year with continued overall gains expected for 2012.
Abu Dhabi’s flag carrier announces daily services will begin early next year.
The net value of properties assessed by the Dubai Land department dropped 26 per cent year-on-year.
Gold rose above $1,660 an ounce on signs that the US Federal Reserve is likely to launch monetary stimulus soon.
Banks are slowly recovering from the 2008 fall out but the impact of a major government spending spree is yet to be fully realised.
Higher capitalisation and new profits in the UAE are threatened by the Eurozone and weak global growth.
Strong government regulation and hefty public spending have buoyed the Kingdom’s banking sector.
Massive public spending and impressive GDP growth saw a bumper year for Qatar’s banking sector.
Increased consumer lending and new banks will put the country on a solid footing this year.
Bahrain faces sluggish growth and a rise in non-performing loans due to the fallout from political unrest.
Higher GCC banking profitability was driven by improvement in margins, faster asset expansion and expanding fee income in 2011.