OPEC says oil prices to reach $70 by 2020

The group estimated that prices will recover gradually by 2020 but warned that members’ share of the market might shrink

Dates announced for Dubai Shopping Festival 2016

DSF 2016 will run under the tagline ‘Unwrap The Exceptional’

Emirates Palace ranked 21st in 2015 list of world’s best hotels

The Kempinski-managed hotel was the only in the Middle East and North Africa to make top 100

The Yellen effect: Why the US interest rate hike will hit the GCC hard

The recent Fed rate hike may have consequences for the GCC economies in more ways than one, writes Binod Shankar

Five minutes with… Simon Hathaway, global head of Retail at Cheil

Retailers have to understand their customers better and keep pace with the latest technologies to survive, says Hathaway

Jebel Ali Freezone repays Dhs 2bn bank debt ahead of schedule

The Islamic facility was arranged in June 2012 and was set to mature in 2020

Abu Dhabi Airports awards duty free contracts for Midfield Terminal building

Aer Rianta International and Lagardère Capital will offer duty free retail at the new terminal

Investcorp acquires cyber security firm SecureLink

Post the deal, Investcorp said that it will help expand SecureLink in Europe

US expats in UAE may have passports revoked if income unreported

The UAE has signed a deal with the US to implement the Foreign Account Tax Compliance Act from early next year, says financial firm

Officials say bomb found on Air France flight was fake

The flight made an emergency landing at Mombasa’s airport after a suspicious package was discovered in one of the toilets

Middle East becomes Cadillac’s second biggest growth market after Mexico

Eight new vehicles to be introduced in region following 18 per cent growth this year

UAE retailer Lulu to invest over $383m in Egypt, plans 10 new stores

The company intends to employ 10,000 Egyptians as it opens 10 new hypermarkets in the next two years

Subsidies row – Qatar boss says US airlines using ‘smoke and mirrors’

Qatar Airways CEO Akbar Al Baker accuses US airlines of being unable to stand up to competition from Gulf carriers

What is next for aviation?

The global aviation sector must soar through short-term challenges to achieve long-term growth, says senior Boeing official

Private bank LLB expects 20% growth in Middle East clients

Growing private wealth and a slowdown in wealth creation in traditional Western markets made the Middle East an increasingly attractive option for the European lender

How to prepare for an IPO

 Going public, in any sense, is a transformational event. Wherever you plan to list, the…

Almost 90% of GCC business leaders admit market volatility – survey

Almost 90% of GCC business leaders admit market volatility – survey

​UAE, Saudi Arabia, Bahrain and Kuwait raise interest rates after US Federal Reserve decision

The Fed decided to raise interest rates for the first time in nearly a decade yesterday

Pictures: Abu Dhabi hosts premiere of Star Wars: The Force Awakens

Stormtroopers from the UAE and UK, German garrisons of 501st Legion and members of the Jedi order were in attendance

Etihad adds three weekly services to Philippines

Following the capacity upgrade, Etihad will offer a total of 17 return flights per week on the Abu Dhabi-Manila route

Qatar Airways expands South African links with Durban route

The new route brings the carrier’s total flights to South Africa to 21 a week

Five minutes with… Milkcow UAE general manager Siyuan Zhang

Milkcow UAE is planning five ice cream shops/kiosks in the country ahead of its JBR launch

Revealed: Top 2015 Google search queries in UAE

Apple’s iPhone 6s, cricket tournament the Indian Premier League and movie Fast and Furious 7 were the top trending searches this year

Hilton launches Hampton brand in Saudi Arabia

The 154-room hotel in Riyadh will open by 2018

Economist urges GCC corporate and real estate taxes to boost revenues

Palestine’s former prime minister said additional taxes could help the government boost revenues during the period of low oil

Abu Dhabi’s UPC announces master plan for Al Ain development

The Al Saad development will offer 306 new plots for UAE nationals

DP World to invest $1.9bn in China

The announcement was made via Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed’s Twitter account

Egypt to appoint global firm to tighten airport security

The government is expected to appoint a security firm by the end of December to review airport safety

UAE Ministry of Health to reduce price of 142 new drugs

New prices will come into place from January 1

Lower oil prices to hit property investments in 2016, JLL warns

Fiscal restructuring in the GCC, prompted by low oil prices, could slow real estate investment next year, a new report shows