Oman’s stock index rose 1.2 per cent last year and outperformed Qatar and Bahrain.
FlyGeorgia has begun services to Dubai, its fourth Middle East route
Officials clarify that the UAE rule of decriminalising bounced cheques only applies to UAE nationals.
The telecoms operator plans to use the funds for the future growth of its business.
The Abu Dhabi-based airline is in final stages to acquire a part of the Indian carrier, say sources.
International banks are shrinking their regional businesses as deal activity dries up.
High oil and gas prices and a large-scale infrastructure programme buttressed Qatar’s banking sector in 2012.
The government spent $780 million to create 36,000 jobs for Omanis last year.
The UAE central bank recently issued a ruling to limit home loans to foreigners at 50 per cent of the property’s value.
EK003, which took off at 1439 from Dubai to London Heathrow, became Concourse A’s first flight.
Qatar telecom, along with its Kuwaiti arm Wataniya, now owns a 90 per cent stake in Tunisiana.
Abu Dhabi National Energy Co(TAQA) confirmed that production was expected to begin in 2013.
The license withdrawal shows regulators remain concerned by the airline’s funding plans and it is another blow for the carrier which had hoped to mark the new year with a return to operations
German Emirati joint venture company Lindner Depa Interiors (LDI) denied delaying the opening of the New Doha International Airport.
Brent crude prices were also buoyed by promising data from top energy consumer China.
The Senate-backed deal was passed late on Tuesday in the House of Representatives.
Property investment company IP Global lists the prime global locations for regional real estate investors and explains why they are attractive hotspots.
A power cut on Saturday has forced the refinery to stop all operations.
Spending on education, health, housing and social welfare has been boosted by 22 per cent in this year’s budget.
The UAE is well capitalised but banking asset quality remains a concern.
UAE courts have stopped sentencing debt defaulters to prison since last month, say reports.
The sultanate is expanding the Muscat airport’s terminal building and the airfield.
The agreement is now pending a vote in the House of Representatives.
Saudi oil minister Ali Naimi confirms that the natural gas field will start production within “short period.”
Exports rose 38.5 per cent to Dhs416 billion, driven by a rise in oil prices.
Government expenditure is up six per cent from 2012, while revenues are forecast to rise 7.8 per cent in 2013.
Saudi’s behemoth banks were flush with capital in 2012.
Arabtec and SS Lootah have been awarded the contracts for the Dubai developer’s Jumeirah Park development.
Reports say the Kingdom wants to buy 100 of the Dingo armoured vehicles over the longer term.
The Kingdom’s aviation authority launched its first sukuk in 2012 and raised SAR15 billion to fund the Jeddah airport development.