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GCC To Invest Billions In ASEAN Region

As Western economic growth slows, Gulf investors look east towards the thriving ASEAN countries.

Hong Kong Named World’s Top Financial Centre

GCC cities fail to feature in World Economic Forum’s report as top six places remain unchanged.

Sarawak Minister Targets $3 Billion Qatar Investment

Sarawak targets Qatar for investment into palm oil, aqua-culture and aluminum.

Emirates NBD Expands Into China

The lender opens Beijing office to tap rising financial ties between the UAE and China.

UAE-China Trade Up 10% In 2011

Trade ties between the countries have risen over 395 per cent from 2002 to reach $15.6 billion last year.

The Rise Of Dim Sum Bonds

Gulf firms are increasingly chasing Asian liquidity.

Air India Heralds Dreamliner’s Arrival

India’s flagship airline welcomes the arrival of its first Boeing 787, ahead of its first Dubai route.

Bangkok: The King’s Retreat

Bangkok’s sprawling Grand Palace is the spiritual heart of Thailand’s kingdom.

China’s ICBC Posts Strong H1 Growth In ME

ICBC ME posted a pre-tax profit of $36 million in the first half of the year, up 157 per cent from H1 2011.

iPhone Struggles In China

Apple is used to being a market leader, but the hugely lucrative Chinese market is proving elusive.

How The Eastern Slowdown Could Sting The GCC

With a combined GDP of over $9 trillion, China and India were poised to offset slower growth in the West, but recent developments have proved otherwise.

India’s Jet Airways Introduces Sharjah-Mumbai Route

The Indian carrier will also resume services to Kuwait and Bahrain from Kochi in its winter schedule.

Islamic Finance Body Plans Scholar Accreditation

A Malaysia-based association of Islamic scholars is planning to develop a global code of ethics to improve standards in the industry.

Saudi Grants Licence To Chinese Bank ICBC

The Kingdom’s cabinet has given a licence to the Industrial and Commercial Bank of China (ICBC) to open one branch in Saudi.

Etihad Can Raise Virgin Stake

The Australian government has permitted Etihad to increase its stake in Virgin Australia up to 10 per cent.

Indian Remittance Tax Unclear

UAE exchanges say there is still no clarity regarding the Indian government’s proposed service tax on remittances.

Tycoon Nears Deal for Drydocks’ Stake

A firm linked to billionaire Robert Kuok is set to take a stake in Drydock’s Southeast Asia operations, say sources.

Top 10 Global Spenders In UAE

Visitors from the UK topped the list, spending almost $500 million in 2011, according to Visa.

Brent Prices Hit 18-Month Low

Poor outlook for the US economy and rising supply pushed oil prices to around $92 per barrel on Thursday.

Jumeirah Eyes Indian Market

The luxury hotel chain group has specific discussions going on in Mumbai and Delhi, its chairman has said.

Kuwait To Invest $150m In Asian IPO

Kuwait Investment Authority is reportedly planning to invest in Malaysia’s IHH Healthcare’s $2 billion IPO.

Dubai Retailers In Chinese Push

Luxury retailers in the emirate are hiring Cantonese and Mandarin speaking staff to cater to Chinese visitors.

India’s SpiceJet Starts Dubai Route

The Indian budget carrier will have direct daily services connecting Delhi and Mumbai to Dubai.

Emirates Launches Vietnam Route

Dubai-based Emirates Airline has begun a non-stop daily flight service to Ho Chi Minh City.

Oil Hits Seven-Month Low

Crude oil prices dropped to nearly $100 per barrel fueled by fears about the Eurozone crisis.

Bahrain To Open New Dragon City

Chinese firm Chinamex is building a multi-million-dinar Chinese-themed retail shopping mall in Manama.

Toyota Posts 30.5% FY Profit Fall

The Japanese car manufacturer reported that its net profit for the year to March reached $3.5 billion.

Aabar Signs $2bn China Property Deal

Under the agreement, China State Construction develop real estate projects in Abu Dhabi.

UAE, Saudi Pledge More Oil To South Korea

The Gulf states have assured South Korea that they will make-up for any shortfall of oil supply from Iran.

Nissan Infiniti Sales To Grow 25% In 2012

Exclusive: The Japanese carmaker will sell 200,000 units this year, said global executive vice president.