Emirates’ chairman Sheikh Ahmed bin Saeed al-Maktoum clarified that the deal will not include a revenue-sharing agreement.
Abu Dhabi Islamic Bank said Eurozone pressures and new regulations in the UAE will hit earnings for the rest of 2012.
Saudi Arabia led the region’s M&A activity in July with two mega deals, followed by Jordan and Oman.
The port operator said that it handled 28.2 million TEU (twenty-foot equivalent container units) in the first half of the year.
The amount collected by the Dubai government’s online payment services in the first half of 2012 increased 21 per cent year-on-year.
Bahrain-based investment company net income shrinks in face of Euro woes and asset depreciation.
Dubai International Centre will split into DIFCA and DIFC Property arms to boost its development.
Shooter and rally driver Nasser Al Attiyah claimed the bronze in the men’s skeet competition, Qatar’s first medal in 12 years.
The UAE recently granted a licence to Emirates Nuclear Energy Corp for the construction of the country’s first nuclear reactors.
Qatar aims to host international events and become the sporting hub for the MENA region, the country’s Olympic Committee chief has said.
Increased revenues from national housing projects boosted the profit made by the Abu Dhabi-based property developer.
Under the million-dollar contract, Siemens will supply 19 trams, technology and equipment to Qatar Foundation.
Supply from OPEC members fell by 450,000 barrels per day (bpd) in July to 31.2 million bpd, a survey has found.
Wojdan Shaherkani had refused to take part in the judo competition if she was not permitted to wear the hijab.
The Dubai-based developer posts first half profits of $208.82 million, up 36 per cent from the same period last year.
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.
The telecoms operator made a net profit of Dhs325.5 million in the second quarter of the year.
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 behemoth Indian real estate market is said to be at the brink of a collapse that isn’t quite happening.
The UAE accounts for the largest share of the region’s construction market, according to new research.
Bahrain’s Alba said that second quarter net profit dropped due to lower prices and higher gas costs.
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.
Property giant Emaar reports 2012 profit rise citing Dubai’s strengthening economy.
Dubai Property oversupply is vanishing fast, says Peter Cooper, editor of Arabianmoney.net
The UAE telecom operator has ruled out any new investments until 2014.
The Jordanian bank saw increased profits due to lower provisions and a rise in operational income.
This is the first time that the Kingdom is allowing female athletes to compete in the Olympic Games.
Dubai-based property developer Emaar plans to create a mixed-use development in the area.
The Egyptian Financial Supervisory Authority had rejected the decision, asking EFG to provide additional information.
The Gulf countries should learn from the Euro experience but create a monetary union soon, a Qatari central bank official has said.