MAF Launches $400mn Sukuk

The mall operator is undertaking several new projects across the Middle East this year.

Oman Plans 230km Gas Pipeline Project

The pipeline will supply gas to the town of Duqm and is estimated to cost around $200- 220 million to build.

Bahrain’s Gulf Air To Downsize

The airline’s CEO said that it was unlikely that the struggling carrier would be dissolved or sold.

UK Brand George To Launch In ME

Lebanon’s Azadea Group will bring the fashion label to the Middle East later this year.

NBK Posts Flat 2011 Profits

The Kuwaiti bank reported a net profit of KD302.4 million in 2011 compared to KD301.7 million in 2010.

Bagging The World

Sibylle Schoen, CEO of luxury brand Aigner, tells Aarti Nagraj the story behind her success.

Saudi Can Cover Oil Shortages

The kingdom’s oil minister has said that rising domestic demand will not affect crude oil exports.

UAE To See 4% Growth in 2012

According to the country’s Economy Minister, the Arab Spring has spurred growth in the UAE.

QIA To Buy Credit Suisse London HQ

Qatar’s sovereign wealth fund is expected to acquire the property in a “few weeks.”

Oman May Sell Crude To Sri Lanka

The country is scrambling to find an alternative to its threatened primary supply from Iran, Oman’s oil minister has said.

Batelco Records 8% Fall In 2011 Profits

The Bahraini firm saw its subscriber base increase by 20 per cent year-on-year in 2011.

Oil Quandary for South Africa

South Africa, a large importer of Iranian oil, is assessing the impact of international sanctions.

Investors Optimistic On Africa

More than one in two institutional investors see Africa as an attractive region to invest in over the next decade.

Kuwait Partners With Total for China JV

The $9 billion refinery project in China is expected to produce 300,000 barrels per day of crude oil.

Japan’s Trade Deficit Raises Concerns

The country’s first trade deficit since 1980 raises questions how Japan will finance its huge public debt.

Kuwait To Privatise Stock Exchange

The move will make the bourse the second publicly traded stock exchange in the region.

Tim Hortons Hot For The UAE

Alicia Buller catches up with Paul House, executive chairman of iconic Canadian cafe, Tim Hortons

Increasing Sales For Volkswagen ME

The German car company delivered 11,000 vehicles in the region during 2011, recording a 21 per cent sales growth for the year.

Bahrain Airshow Nets Deals

The signing of $930 million worth of trade deals at the Bahrain International Airshow has raised expectations for 2014.

New Brazilian CEO Is Top Oil Woman

Maria das Gracas Foster will oversee a $225 billion investment proposal to more than double Petroleo Brasileiro’s oil output.

GCC Tourists Boost Abu Dhabi

Abu Dhabi has recorded its most successful year ever in terms of hotel guest arrivals with some 2,111,611 visitors.

RIM CEOs Step Down

Jim Balsillie and Mike Lazaridis are replaced as Google and Apple take BlackBerry market share.

Facebook Extends Sharing Service

The social networking site will now let users know what their friends are doing on other sites.

McDonald’s Extends IOC Deal

The fast food giant will continue sponsoring the Olympic Games for another eight years.

ME Witnesses E-Commerce Boom

Online shopping is surging in the Middle East as local buyers get comfortable using credit cards over the internet.

Kingdom Budget Surplus

Saudi Arabia almost doubles income forecast, announcing a budget surplus of $81.6 billion for 2011.

Saudi, Spain Sign $8.2bn Rail Deal

The Spanish consortium won the bid to build the second phase of the HHR.

Qatar Acquires Two Raffles Hotels

Qatar Nationals Hotels Company took over properties in Paris and Singapore.

Bearish 2011 For UAE Stock Markets

The value of shares traded reached its lowest level since 2004.

$2bn Boost For Oman’s Solar Power

Swiss and German investment funds are undertaking the project.