Qatar Holding is planning to open Harrods branded hotels in Malaysia, Paris and New York.
New foreign partners, mainly from the Far East, are being targeted as stakeholders of the future.
Abdul Aziz Al Ghurair is the man behind Mashreq, the UAE’s largest privately owned bank. In a rare interview he opens up to Alicia Buller on the greed culture that engulfed the UAE’s
banks and lurched the industry into crisis.
Qatar Airways is keen to launch an airline in the Kingdom, but is worried about excessive fuel charges.
The Dubai-based port operator sold its 60 per cent stake to Australian firm Flinders.
Eissa Al Suwaidi has been appointed as the new head of the UAE telecoms company, replacing Mohammad Omran.
New plans unveiled for the former cruise ship leave her floating in Port Rashid rather than off Palm Jumeirah.
The long-awaited mortgage law is expected to help solve the Kingdom’s critical housing problem, say experts.
Number of visitors to Dubai’s International Airport climbs with a big increase from flydubai’s new Russia service.
Al Nabooda, the distributor of Porsche, Audi and Volkswagen in Dubai, plans major investment push.
The Gulf state is reportedly setting up two companies through an official decree to issue the Islamic bonds.
UAE exchanges say there is still no clarity regarding the Indian government’s proposed service tax on remittances.
Crude oil across the region is down as caution in China has knock-on effect for global oil prices.
Average apartment rents increased six per cent and villa rents rose nine per cent in Q2 2012, says Asteco.
Four IPOs, valued at over $1.1 billion were issued in the GCC during the second quarter of 2012.
Shareholders of Capital Management House, Capivest and Elaf Bank approve the three-way merger.
The number of guests in the emirate’s hotels reached 192,374 during May this year, official statistics show.
Future utility bills may be displayed on social networks as government sectors look to improve communication.
The airline will fly 73 extra flights to Jeddah and Medinah Al Munawarrah from July 20 to September 1.
The UAE city is ranked as having the most transparent real estate market in the MENA region.
The oil giant signs agreement to sell its Vela marine unit to Saudi National Shipping Company.
Restaurants and shops consider rejecting premium credit cards as Network International hikes fees.
Flights to Basra, the low-cost airline’s fifth destination in Iraq, are scheduled to start next month.
The Arabtec consortium, that includes Greek and Turkish firms, will build a terminal at the Abu Dhabi airport.
The demise of Gaddifi has unleashed a treasure trove of opportunity, but one that’s fraught with risk.
The Swiss company is opening a Dhs500 million manufacturing plant in Dubai World Central.
A firm linked to billionaire Robert Kuok is set to take a stake in Drydock’s Southeast Asia operations, say sources.
Key concerns about the European debt crisis offset worries about tighter North Sea supplies.
The Qatar-based telecoms operator plans to buy the remaining majority stake in Wataniya for $1.9 billion.
Majid Al-Refai will serve four years in jail for a number of crimes during his tenure as CEO of Bank Alkhair.
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