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.
The top 50 banks’ consolidated assets grew by a higher 9.1 per cent in 2011 to $1.2 trillion, compared to 6.8 per cent in 2010 and four per cent in 2009.
The country made a formal loan request to the International Monetary Fund during a visit to Cairo by IMF chief Christine Lagarde.
CITIC, partly owned by China’s sovereign wealth fund, did not give financial details of the investment.
New ratio demand leaves the commodity giant at a loss as potential mining deal looks close to collapse.
The Indian carrier will also resume services to Kuwait and Bahrain from Kochi in its winter schedule.
The Abu Dhabi-based carrier bought over $10 million worth of Virgin shares to raise its stake from 5.1 per cent last month.
Investors are optimistic that the European Central Bank will take action to ease Spanish and Italian borrowing costs.
Despite fears of a China slowdown, long term urbanisation will spell growth, says Chris Tedder, research analyst at FOREX.com
Fears of a Euro lending shortage appear overblown as local banks grow their loan books.
New consumer confidence survey reveals there are few jobs currently available in the country.
The Qatari-owned investment company increases its luxury goods portfolio with British fashion brand.
The biggest hikes were recorded in the prices of fish, vegetables and meat, according to official statistics.