Hotels in Dubai and Jeddah saw occupancy levels rising in January 2012, according to TRI Hospitality Consulting.
Dubai’s Drydocks will present its restructuring plan for its $2.2 billion loan facility next week.
Gulf headhunters warn that widespread CV fraud from finance professionals is jeopardising the industry.
Airlines in the region posted a 14.5 per cent year-on-year increase in January this year, according to the IATA.
The Saudi company owned by Prince Alwaleed bin Talal plans to tap debt markets through sale of either conventional or Islamic bonds.
While the bank’s income from the country rose seven per cent last year, expenses also increased by six per cent.
Dubai-based Noor Islamic Bank clarified that it has ended all business relations with Iranian banks.
Noor Islamic Bank has reportedly been forced to cut off its banking business with Iran by the US Treasury.
The head of Bahrain’s sovereign wealth fund reportedly resigned because of differences with the board.
The Ministry of Economy will now be able to monitor the flow of essential goods and their prices across the country.
The Saudi Industrial Development Fund has reportedly approved 13 loans to start nine new projects in the kingdom.
The brand hopes to increase its regional visibility by continuing to sponsor events like the Dubai Duty Free Tennis Championship.
The UAE-based private equity firm is holding talks to acquire Viking, an integrated oilfield service company.
The Saudi dairy company is currently in talks Pepsico to up its 48 per cent stake in IDJ, their joint venture firm.
The number of people killed in traffic accidents fell by 12.8 per cent last year, according to the interior ministry.
Talal Al Zain is leaving Bahrain’s $9 billion sovereign wealth fund to set up an investment firm.
The Qatari conglomerate saw net profits for the year increase by 21 per cent year-on-year to reach $76.6 million.
Investors in the country have become more cautious this year and are adopting long-term strategies, says FPI.
ABC Islamic Bank announced a net profit of $8.1 million for 2011, based on lower provisioning.
The billionaire revealed that an unnamed individual had been selected to replace him as the CEO of Berkshire Hathaway.
The mall is part of a mixed-use development project located in Bellevue, Washington, that Investcorp invested in five years ago.
The Japanese bank has received approval to offer foreign investors access to Saudi Arabia’s bourse.
The Dubai Financial Market, the worst performing Gulf bourse last year, managed a small fourth quarter profit.
The UAE has reportedly expressed interest in buying the V-22 Osprey, a tilt-rotor aircraft from the US.
Construction contracts worth $15 billion will be signed in the country this year according to Ventures Middle East.
The ten-year Malaysian ringgit-denominated Islamic bond carried a 4.65 per cent profit rate.
The mobile app released by Norton in the UAE, will allow parents to monitor their children’s smartphone activities.
The company’s plan to raise QAR160 million through a share issue had ended after an investor pulled out.
The Fund said that higher oil prices are posing a rising threat to the global economy.
New business models based on innovation and the latest technologies will make the cut, according to Frost & Sullivan’s top trends.
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