The Gulf is refining its billion-dollar petrochemicals agenda to supply value-added products across the globe.
The new route could increase the number of tourists from the UAE to Portugal to more than 100,000.
DIFC Investments raised money through a syndicated facility to help repay the Islamic bond.
It’s unclear whether a recent surge in Islamic finance activity will lead to much-needed change.
Kuwait Investment Authority is reportedly planning to invest in Malaysia’s IHH Healthcare’s $2 billion IPO.
Officials say new laws are needed to prevent misuse of social networking tools in the country.
Abu Dhabi is the world’s fastest growing destination while Dubai tops the popularity list in the ME.
Luxury retailers in the emirate are hiring Cantonese and Mandarin speaking staff to cater to Chinese visitors.
Dubai’s flagship airline will not refinance the sukuk and is expecting to repay the amount in full.
Camelicious’ umbrella company has revealed huge growth in sales since its inception.
The seven-year Islamic bond was launched at a profit rate of seven per cent, arranging banks said.
Flagship airline group seeks to recruit more nationals and promote Emiratis into management roles.
The Kingdom’s cabinet has approved authorities to hold discussions with Turkey for a joint electricity grid.
Capivest, Elaf Bank and Capital Management House are in talks to form one new bank with larger assets.
The market regulator has implemented new rules on stock ownership in a bid for greater transparency.
Arqaam Capital says that the regional corporate bond market will also grow substantially by 2014.
Concerns about the Eurozone debt crisis pushed crude oil prices towards its lowest so far this year on Tuesday.
Regional airlines are expected to see profits drop in 2012 because of the Eurozone crisis, says IATA.
The central bank has said it may allow banks to ignore lending limits when dealing with state-linked entities.
Saudi Prince Alwaleed’s Kingdom Holding has reportedly chosen two banks to manage its debut bond.
The mobile operator plans to launch a 4G broadband service, four times faster than it’s current speed.
Dubai Properties Group’s new board will set up its long-term business strategy and oversee implementation.
The $125 billion aid package received by Spain to boost its banks has revived oil demand hopes.
Nissan vice president Andy Palmer spills the beans on Infiniti’s race to beat Audi, BMW and Mercedes.
The Dubai-based operator has agreed a partnership with Richard Branson’s Virgin Group, extending into South Africa.
The UAE energy firm has announced a new chairman as it looks to repay a $920 million sukuk.
Eurozone ministers have agreed to lend the amount to help Spain revive its struggling banks.
The Indian budget carrier will have direct daily services connecting Delhi and Mumbai to Dubai.
The African country has invited the UAE to invest in industries relating to oil and gas exploration.
The Kingdom pumped 9.8 million barrels per day last month, down 300,000 bpd from April.
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