The Abu Dhabi-based investment company attributed the loss to negative fluctuations in its financial investments.
Dubai-based builder Arabtec has nominated four top Aabar executives to its board.
Never before has social media so dramatically shaped the behaviour of businesses in the Gulf, writes Ryan Harrison.
Qatar Investment Authority said it is looking to invest $10 billion in India, but is waiting for policies to change in the country.
Oman plans to issue sovereign bonds worth OR200 million this year, but is waiting for the right time, according to officials.
Al Rajhi Bank, SABB, Saudi Hollandi Bank and Banque Saudi Fransi recorded a rise in net profit during the first quarter of the year.
The new system will help in the trading of financial instruments such as derivatives and Sukuks.
The UK-based telco sets its sights on the region’s young and growing population.
A Kuwaiti court ruled that the man’s comments on Twitter caused sectarian divisions in the country.
The UAE-based construction company will eye major contracts in Qatar this year.
The social networking site confirmed that the rival photo-sharing app will not be integrated into Facebook.
Qatar National Bank recorded a net profit of $549 million during the first quarter of the year.
Amid regional unrest, providing affordable housing for the Gulf’s growing masses has become a priority.
The airport retailer has chosen Dubai Islamic Bank, HSBC and Emirates NBD to arrange its $1.1 billion loan facility.
The carrier said that the loss was “justified” and blamed it on the rising fuel prices.
Qatar Investment Authority (QIA) currently holds a five per cent stake in global mining and metals company Xstrata.
Saudi Prince Alwaleed topped the list of regional billionaires released by Forbes with a fortune of $18 billion.
UAE banks will have to stop ‘yesteryear’ practices if they are to survive future competition.
Abu Dhabi National Energy Company (TAQA) booked a profit of $113 million on the sale.
Top finance guru Henry Azzam leaves MENA chairman role, citing no reasons.
The seeds for the social media-driven Arab Spring were sown more than five years ago, says Alexander McNabb, director, Spot On PR.
The Saudi-based dairy company said that net profits for the first quarter of the year rose 2.9 per cent year-on-year.
The Saudi-based chemical producer is planning to build a technology research and development in Shanghai.
The UAE oil production was reportedly at full capacity because of the rising demand.
Dubai International Capital, the private equity arm of Dubai Holding, has reached a final agreement with creditors for restructuring its debt.
The UAE and Qatar also ranked high for their IT technologies on the global index compiled by the World Economic Forum and INSEAD.
The Arab Spring ignited the Gulf’s online passion and participation. And now, there’s no turning back.
The Kingdom also slashed its crude prices for Europe, as oil demand weakens.
The Bahraini telecoms operator hopes that new acquisitions will bring in revenues to compensate domestic losses.
The daily deals website has been facing increasing criticism from customers and investors across the world.