A Kuwait man accused of insulting the Prophet Mohammad on Twitter has said that his account was hacked.
The strong performance of regional airlines in February this year, suggests that the region has now “fully recovered,” said IATA.
The opening up of the Kingdom’s stock market to foreigners will be gradual, Saudi Arabia’s capital market regulator has said.
According to a new survey, 63 per cent of employees in the UAE expect a wage hike in the next 12 months.
While regional banks are reporting good growth rates, customer service has to improve, warns a new study.
The Abu Dhabi -based carrier recorded a 28 per cent year-on-year rise in revenues during the first quarter of this year.
The airline is struggling with rising fuel costs and increasing competition in the region.
Korea Electric Power Corp, which is already building four nuclear power plants in the UAE, will begin talks to construct four more in the country.
In between climbing mountains and running his eco-friendly travel company, Omar Samra has a chat with Aarti Nagraj.
The move is expected to force all the creditors of the Dubai-based shipbuilding unit to agree to its $2.2 billion debt-restructuring plan.
RED, Abraaj’s small and mid-cap investment platform, has invested $20 million in the region so far this year.
Update: The Kuwaiti developer’s shares have now resumed trading on Dubai Financial Market.
The companies, which failed to report earnings on time, join 12 other firms suspended earlier this year.
Saudi Electricity Company will use the amount, loaned by a group of international banks, to build a power plant in Rabigh.
Strata, Abu Dhabi’s aerospace parts manufacturer has become a worldwide name in just two years.
The acquisition includes the retail, commercial and corporate banking businesses of Lloyds in the country.
The oil supply from the OPEC nations in March this year increased to its highest level since October 2008.
The Kuwait telco also said it would back a subscription by its Saudi affiliate.
The GCC is among the least economically integrated regions in the world. But that is changing.
Oil edges down as US crude stocks offset Iran fears.
The UAE-founded international ports company has cut its debts.
The bank said that it repaid the five-year Sukuk from its own resources.
Saudi Arabia is right to be concerned about the rise of new hydrocarbon superpowers, writes Yadullah Ijtehadi.
The Kingdom is planning to spend more than $100 billion to establish 16 nuclear energy plants in the country.
As private investors from the GCC divest large portions of their wealth offshore, Aarti Nagraj investigates where the money is headed.
Dubai’s ship building unit will ask its syndicated lenders to sign a lock-up agreement.
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.
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