The Dubai index jumped 9.9 per cent, while the main Saudi index rose 2.5 per cent.
Fitch Ratings downgraded Bahrain’s credit outlook last week to negative, saying the fall in oil exacerbated an already challenging fiscal situation.
The UAE ranks low in terms of companies’ maturity and approach towards data protection with just 34 per cent of firms considering data protection as relevant for their success.
Mid-market brand targets connection-oriented business travellers
OPEC’s decision last month to leave its output ceiling unchanged, was followed by a fresh plunge of oil prices.
Qatar’s oil minister said that the main reason for oil’s plunge in recent months was slow growth of the global economy and an increase in sources of supply.
The move will boost the GCC’s tourism industry, helping sectors such as aviation and hospitality.
The new company, Alkhabeer Ventures, will help fund businesses in sectors such as technology, mobile, e-commerce, news media and social media.
Experts say that Dubai real estate would not be able to escape a temporary impact from cheaper oil but noted that the economy is well diversified to sustain the lull in oil prices.
OPEC producers sought to bring balance to the market but a lack of cooperation from other producers led to a continued fall in prices, Naimi said.
Mazroui said the recent decision of OPEC to retain its production was correct, citing irresponsible supply from other producers for the recent fall in oil prices.
The Dhs600 million seafront project registered Dhs432 million in sales during the first phase of launch.
The FIFA President said that both Qatar and Russia will retain their World Cup hosting rights even as the football governing body voted to publish Michael Garcia’s investigative report.
Jim Kouzes, co-author of the ‘The Leadership Challenge’, gives his insight into what makes a good buisness leader.
Ghaith Al Ghaith describes how flydubai became the Middle East’s largest short-haul airline in just five years.
The accident, which took place earlier this month, killed 25 Egyptian fishermen.
Ties between Cairo and Doha deteriorated after Sisi removed the previous president Mohamed Mursi from power in July 2013 following mass protests against his rule.
The dead were behind the killing of a member of the security forces and wounding of another last week, a ministry spokesman said.
The bomb explosion occurred in Bani Jamra, a Shi’ite village northwest of the capital Manama.
The organisation’s executive president said that the fund has been investing heavily in Muscat Securities Market, taking advantage of the fall in prices.
The contract, announced by the U.S. Department of Defense, includes spare parts and is due to be completed by April 30, 2019.
Increased tourist flows to the region have catapulted the Middle East into the top global market for luxury spending, a new report says
UAE Oil Minister Suhail Bin Mohammed al-Mazroui said that all players must shoulder their responsibilities to reach market balance.
The phone, priced at Dhs1799, is modeled around BlackBerry’s popular Bold 9900.
Saudi Arabia, the largest producer in OPEC, will stick to its policy to maintain output, Naimi said, according to state news agency SPA.
A senior official said that gas will be transported by sea from Russia to Bahrain but did not specify the amount of gas that will be imported.
A UN official said that Iraq has requested a one-year deferral of a $4.6 billion reparations payment for destroying Kuwait’s oil facilities during the Gulf War.
Kellogg said on Thursday that it would improve its offer to 86.36 Egyptian pounds per share, hoping to secure the deal.
The OPEC member exported 6.897 million barrels per day of crude in October, up from 6.722 million in September.
The assent was granted at a meeting on Thursday, with the proposals receiving near-unanimous support from independent shareholders, DP World said.