With a market capitalisation of around $623 billion, the tech giant is now the world’s most valuable public firm.
Brent crude prices are rising on supply concerns stemming from Middle East tensions and maintenance issues in the North Sea.
The false records cases could be easier to prove than money-laundering.
An expected stimulus from the US Federal Reserve, instability in the Middle East and a fall in North Sea output are all spurring oil prices.
With the GCC expected to spend $79 billion in the next 10 years on railways, metro and tram projects, this development is being heralded as a transport revolution.
Banks in the region are benefiting from high profit margins and government support, says new report.
Abdel Shoman, chairman of Jordan-based Arab Bank, reportedly resigned after a disagreement with key shareholders.
The UAE Central Bank has told lenders to reschedule citizens’ loans by more than 48 months.
RAK Airport sees influx of European and Russian tourists.
Qatar inflation rose to its highest level so far this year in July, driven by furniture, textiles and home appliances.
Hikma Pharmaceuticals delivers a strong first half performance in 2012.
Qatar Telecom has received approval from Kuwait’s Capital Markets Authority to buy a stake in Wataniya for $2.2 billion.
Bahrain’s flag carrier will restart routes into both countries from next month.
Regional dairy producer is approaching the international market and commencing production of camel milk products.
The UAE, Saudi Arabia and Qatar have all told their residents to leave the country amid threats of kidnappings.
The Egyptian investment bank posted a net profit of $4.4 million as revenues from its brokerage operations declined.
A Malaysia-based association of Islamic scholars is planning to develop a global code of ethics to improve standards in the industry.
Asteco partners with real estate auction website to provide new solution for UAE property owners.
The contracts have been awarded to six international companies including Rio Tinto and France’s Areva.
The contracting company said that higher finance costs for acquisition and contracts provisioning led to the fall in profit.
The developer slashed costs to offset revenue drop following the collapse of Dubai’s property market.
Central Bank orders regional banks to meet liquidity requirements from January 2013, in preparation for Basel.
Standard Chartered may have settled its Iran regulatory dispute for $340 million but investors remain wary.
Indians, Pakistanis, Brits, Russians and others have bought 12,875 properties in the first half of the year.
Brent oil futures ended at a fresh three-month high on Tuesday as strong US retail sales, tighter North Sea crude supplies and speculation about economic stimulus outweighed weak euro zone data
Dubai Holding has said that Gerald Lawless, executive chairman of the Jumeirah Group, will take on his new role from September.
According to official statistics, the emirate’s non-oil merchandise trade reached Dhs139.4 billion in 2011.
The Dubai-based developer said that revenue from the sale of condominiums in the second quarter reached over $190 million.
National Industries Group Holding said that it has raised enough finance to repay the Sukuk when it matures on August 16.
Abu Dhabi oil company TAQA saw increased profits in H1 2012 owing to strong power and water performance and divested assets.