Real estate firms in Dubai are developing hotels and hotel apartments as they seek to tap into the rising number of tourists.
Developing sharia-compliant substitutes for repos would help Islamic banks manage their liquidity more cheaply and flexibly.
Oil demand in Asia is not growing quickly enough to offset stagnating consumption, writes Reuters columnist John Kemp.
Oil prices have dived by a third to their lowest since 2010.
Regional concerns such as Iran’s impending nuclear deal and growing security threats from the region have helped mitigate the widening rift between GCC members, analysts say.
Around 29,400 people, or 1.4 per cent of Qatar’s population, are estimated to be working as slaves, in forced labour or domestic servitude, a report said on Monday.
The UAE’s new central bank governor might not be expected to bring major change but analysts say that the appointment is a welcome step.
Sunni Saudi Arabia is alarmed by the Houthis links to Iran and fears they may seek to emulate the king-making role played in Lebanon by its Shi’ite militia Hezbollah.
The Christie’s name will soon be facilitating the sale of more than just art and watches in the UAE.
Following the formal launch of the Dubai Tram today, experts say that properties in the immediate vicinity could see a gradual price increases.
Bahrain’s new visa policy is expected to boost the nation’s tourism sector and attract more investment to the local economy.
Saudi Arabia’s Shi’a minority is feeling increasingly vulnerable amidst rising anger among the majority sect at the plight of Sunnis in other countries, torn apart by sectarian wars.
Oil analysts see no sign of a new coalition in the making, despite some parallels to the late 1990s – a structural downturn in oil markets and talk of a price war among producers.
Informed by its previous experience, the Kingdom is using an array of tools against jihadi recruitment apart from the media.
The austerity plans may be the first serious effort by the wealthy Gulf Arab states to economise since the oil price slump of the 1990s.
Beijing is aggressively promoting its currency to more international investors in a bid to turn the “redback” into a global reserve currency, while at the same time expanding its already considerable political and economic clout.
A string of economic reforms and steps to open up financial markets have created more opportunities for private firms.
Gulf carriers, looking for routes on which to deploy their fast-growing fleets, have spotted a shortage of long-haul flights and have expanded into Italy.
Middle Eastern investors are causing a marked shift in London’s prime property market.
Prices above $100 are unsustainable because they lead to too much new supply and too much demand destruction, writes Reuters columnist John Kemp.
Sohar is starting to compete for traffic with Jebel Ali and other top Gulf ports, as part of a far-reaching plan by Oman to diversify its economy beyond oil.
The controversy underlines how Saudi Arabia’s conservative brand of Islam can complicate economic decision-making in the Kingdom.
The Saudis now appear to be betting that a period of lower prices will be necessary to pave the way for higher revenue in the medium term.
After five years without an IPO of notable size, Emaar Malls Group attracted orders worth more than $47 billion for its $1.58 billion Dubai listing last month.
The current strategy requires Western patience that grows thinner with each headline of gruesome Islamic State atrocities or videos depicting beheadings of American or British hostages.
About three million Muslims, among them 1.4 million from abroad, are expected to perform haj this year.
Although this year’s Cityscape saw bigger displays and numerous new project launches, experts say the market is leveling off.
The capture of Yemen’s capital Sanaa by Houthi fighters, who have ties with Iran, has jolted Saudi Arabia.
While neither country appears likely to move towards the habitual use of military power, the strikes in Syria demonstrated a growing comfort with the use of hard power alongside diplomacy.
While the new smartwatch from Apple looks good, experts say it is far from a revolutionary product.