The Australian government has permitted Etihad to increase its stake in Virgin Australia up to 10 per cent.
UAE exchanges say there is still no clarity regarding the Indian government’s proposed service tax on remittances.
A firm linked to billionaire Robert Kuok is set to take a stake in Drydock’s Southeast Asia operations, say sources.
Visitors from the UK topped the list, spending almost $500 million in 2011, according to Visa.
Poor outlook for the US economy and rising supply pushed oil prices to around $92 per barrel on Thursday.
The luxury hotel chain group has specific discussions going on in Mumbai and Delhi, its chairman has said.
Kuwait Investment Authority is reportedly planning to invest in Malaysia’s IHH Healthcare’s $2 billion IPO.
Luxury retailers in the emirate are hiring Cantonese and Mandarin speaking staff to cater to Chinese visitors.
The Indian budget carrier will have direct daily services connecting Delhi and Mumbai to Dubai.
Dubai-based Emirates Airline has begun a non-stop daily flight service to Ho Chi Minh City.
Crude oil prices dropped to nearly $100 per barrel fueled by fears about the Eurozone crisis.
Chinese firm Chinamex is building a multi-million-dinar Chinese-themed retail shopping mall in Manama.
The Japanese car manufacturer reported that its net profit for the year to March reached $3.5 billion.
Under the agreement, China State Construction develop real estate projects in Abu Dhabi.
The Gulf states have assured South Korea that they will make-up for any shortfall of oil supply from Iran.
Exclusive: The Japanese carmaker will sell 200,000 units this year, said global executive vice president.
Jumeriah boss, Gerald Lawless, said the GCC could introduce an electronic visa platform for global visitors.
India is the emirate’s top trading partner, according to the customs authority.
Qatar Investment Authority said it is looking to invest $10 billion in India, but is waiting for policies to change in the country.
The two countries are set to strengthen bilateral trade ties, according to the UAE Minister of Foreign Trade.
The Saudi-based chemical producer is planning to build a technology research and development in Shanghai.
The new process, jointly introduced by the UAE and India, aims to improve transparency in the recruitment of workers.
The Kingdom also slashed its crude prices for Europe, as oil demand weakens.
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.
Interestingly, visitors from Russia were the biggest spenders in the UAE during the Dubai Shopping Festival, according to Visa.
The International Energy Agency has warned that if crude oil prices don’t fall, oil import bills may soar to record levels this year.
The UAE lender’s loan will help Indonesian coal producer AKT to meet its working capital needs.
India-based Kingfisher Airlines, which operates daily flights to Dubai, said that it was cancelling all its international routes.
High-level ministers from the GCC countries and China have held meetings and decided to increase economic and trade relations between their regions.
The UAE based telecoms operator said that it was the first operator to provide 3G services in the country.