Prices dropped amid signs that Saudi Arabia is pumping at high rates to dampen prices.
Crescent Petroleum says it is confident that Sharjah-based Dana will find a resolution for its Islamic bond maturing in October.
Haitham Al Kouatly is accused of conning homeowners and tenants out of Dhs6 million in various property locations across Dubai.
Increasing supply in the emirate’s property market will continue to force rents and sale prices to fall, says new report.
A new report says the ultra-rich have increased their fortunes and successfully managed the global downturn.
E&Y and Arqaam were accused of failing to comply with international accounting standards.
The Bahraini telecoms operator is planning to buy the Monaco & Islands portfolio of British telecoms group CWC.
The government plans to allocate around 25 per cent of state revenues into the fund.
The emirate has Dhs6.5 billion ($1.8 billion) of debt maturing in April 2013.
The UAE-based shopping mall developer made a gross revenue of Dhs10.7 billion for the first half of the year.
The Dubai-based airline has denied it has any plans to buy stakes in any Indian carriers, after rules were lifted last week.
William C. Keliehor aids financial development in Iraq, a country where only 15 per cent of the population has a bank account.
As more regional and international companies turn to Islamic bonds to raise capital, Gulf Business lists the biggest Sukuks issued so far this year.
Price for brent crude nears $117 as analysts warn regional protests will send risk premiums higher.
The bank has hired HSBC, Standard Chartered, Deutsche Bank and QInvest to manage the issuance.
The airport’s cargo capacity is set to increase to 3.1 million tonnes by 2018.
Saudi Arabia’s Oil Minister Ali al-Naimi said earlier this month that the Kingdom was prepared to meet any additional demand for oil.
The Qatari bank has bought the properties as it looks to capitalise on London’s growing demand for high-end real estate.
Egypt’s biggest investment bank, EFG Hermes and Qatar’s QInvest had reached an agreement in May 2012.
The German lender is laying off several senior staff in Dubai, according to sources.
The Dubai-based developer has announced the launch of The Address The BLVD, its first luxury hotel since the property crash.
UBS’s annual cost of living study ranked the city 22nd globally.
The loan facility will be used to fund the Abu Dhabi-based bank’s growth and expansion.
Debt-ridden Dubai Group is reportedly in talks to sell its 45 per cent stake in a joint venture firm with cement maker Lafarge.
The three banks failed to reach a restructuring deal with Dubai Group, the investment vehicle of Dubai Holding.
Britain’s BAE Systems and Airbus-owner EADS are in advanced merger talks to create a European powerhouse in aerospace, defence and security.
UAE telecommunications operator Etisalat sold 775 millions of its shares in Axiata.
Apple’s latest product will be on US shelves from September 21st, and should be available in the UAE just after that.
Following the Fukushima disaster last year, how can the country learn from those mistakes and ensure it gets its $20 billion project right?
The anticipation is over as the latest iPhone is revealed as taller, thinner, lighter and 4G enabled.