Interestingly, visitors from Russia were the biggest spenders in the UAE during the Dubai Shopping Festival, according to Visa.
Dubai’s Jebel Ali Free Zone is planning to launch a syndicated loan to partly refinance its $2 billion Sukuk maturing in November.
The International Energy Agency has warned that if crude oil prices don’t fall, oil import bills may soar to record levels this year.
As officials in Dubai complete the study for an expatriate pension scheme, experts say that the move will protect workers and improve the economy.
Gulf Business lists 10 companies to keep an eye on as they move the region’s digital industry forward.
Talal Al Zain, who recently resigned from Bahrain’s sovereign wealth fund, has been appointed as the CEO of PineBridge’s MENA operations.
Britain is reportedly holding talks with Abu Dhabi to sell a part of its stake in Royal Bank of Scotland.
The internet contributes more to the UK economy than any G20 country.
The much anticipated Windows 8 is expected to go sale in October.
The move marks the first significant direct investment by the Abu Dhabi fund in Brazil and Latin America, it said.
The rental rates for apartments and villas rose by one per cent in Q1 2012 compared to Q4 2011, according to Asteco.
A study is being conducted to check the economic impact of the move, which will introduce a single tax rate across the seven emirates.
Regional investors are ready to provide up to half a billion dollars to promote new businesses in the Middle East, say industry experts.
Emirates NBD said that its shareholders had approved a cash dividend of 20 fils per share for 2011.
The Mall of Egypt will be one of North Africa’s largest shopping centres.
The port operator has said that it will pay off its loan, which matures in October, six months ahead of schedule.
Dubai-based mall and hotel firm pulls in profits amid MENA Arab Spring turmoil.
Employers need to radically change old working models, writes Alison Maitland, senior visiting fellow at Cass Business School.
The Dubai-based property developer saw overall revenues for 2011 falling by 33 per cent compared to 2010.
The UAE lender’s loan will help Indonesian coal producer AKT to meet its working capital needs.
Abraaj is making the acquisition through its subsidiary, Riyada Enterprise Development.
After a tough couple of years, could 2012 be the year that lackluster regional stock markets regain their shine?
The occupancy rate for hotels in February reduced by 2.4 per cent year-on year, according to STR Global.
The micro-blogging site, which is celebrating its sixth birthday, is now seeking to find the right revenue model.
The hotel group targets to have 100 hotels either operating or under construction in the region by 2015.
Mumtalakat has appointed ALBA chairman Mahmood Hashem al-Kooheji as its new CEO.
The debt crises in the West has spurred an upsurge in lending for local banks.
The emirate has launched a new cultural district in Downtown Dubai, which will include an opera house, an art museum, galleries and art hotels.
The five-year bond is the third issue by Emirates NBD this year and the second by a UAE bank this week.
EXCLUSIVE: Regional IT spend will grow at double the global rate, according to EMC global CFO.