Home World Europe


Top 10 Global Spenders In UAE

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

Saudi Women To Enter Olympics

Women athletes from the Kingdom will be allowed for the first time to compete in the London Olympics.

Qatar Buys French Luxury Hotels

Qatar plans to buy four hotels from Starwood for around $940 million, according to French media reports.

Brent Touches 17 Month Low

Oil prices briefly fell below $95 a barrel on Tuesday on Eurozone worries, but bounced back again.

World Markets Up On Greek Results

The pro-bailout party has won the elections in Greece, ensuring that the country stays within the Eurozone.

Portugal Not To Exit Eurozone

Country will not become the next Greece, says Her Excellency Cecilia Meireles, Portugal’s Minister of Tourism.

Brent Prices Drop Below $97

Concerns about the Eurozone debt crisis pushed crude oil prices towards its lowest so far this year on Tuesday.

Oil Prices Reach Above $102

The $125 billion aid package received by Spain to boost its banks has revived oil demand hopes.

IMF: UAE At Risk From Euro

The International Monetary Fund has warned of the repercussions the Euro crisis could have on the Gulf.

Spain Receives 100bn Boost

Eurozone ministers have agreed to lend the amount to help Spain revive its struggling banks.

Soros: 90 Days To Save Euro

Billionaire investor George Soros warns European authorities to act quickly or risk the Euro collapsing.

HSBC Gets Nod For Oman Merger

The European lender has received approval to merge its Omani business with Oman International Bank.

Abu Dhabi Bank Opens UK Branch

Abu Dhabi Islamic Bank’s UK branch, located in an upscale development, hopes to target wealthy Gulf clients in Britain.

Iron Maiden’s Lead Pilot

A preview to Bruce Dickinson’s exclusive interview with Gulf Business, discussing airlines and the Middle East.

IP – GDF Suez Deny Monopoly Issues

Exclusive: Utility company International Power-GDF Suez does not face market concentration in the ME.

Saudi Signs $3bn BAE Deal

The Kingdom’s defence ministry will be buying military aircraft from UK defence company BAE.

Eurozone Crisis Is Worst Global Risk

The OECD has warned that a worsening of the crisis could have “serious consequences” for the global economy.

GCC SWFs Pull Out Of Europe

Gulf sovereign wealth funds are reducing international investment and focussing on the region, says a new study.

EU Will Exit Crisis: White House

Europe has the “capacity and the will” to overcome its current crisis, says the White House.

Virgin To Allow Calls On Flights

Passengers travelling with the airline will now be able to make and receive calls on their mobile phones.

Man City’s Rich Rise To Glory

Abu Dhabi shelled out close to $1 billion on Manchester City’s Barclays Premier League title, writes Neil Churchill

Etihad Cancels Seven Airbus A350-1000s

The Gulf carrier reduced its Airbus A350 order, cancelling aircraft worth $2.3 billion at current list prices.

BAE Nears Signing $800m Saudi Hawk Deal

UK defence firm BAE is close to signing a deal to sell up to 30 Hawk aircraft to Saudi Arabia, according to reports.

Heathrow’s Arabic Speaker Hiring Spree

The airport is increasing measures to cater to the rising number of visitors from the Gulf.

GCC Visitors Flock To Munich

Last year, 80 per cent of the Gulf travellers visited the German city for medical reasons.

Top Arab Spenders At Heathrow

London’s Heathrow Airport found that Saudi visitors were the Middle East’s biggest spenders in 2011.

Julius Baer: Europe Crisis “Behind Us”

The threat of a severe Europe crisis has passed, but more needs to be done to ease the situation, said Julius Baer.

Abu Dhabi To Exit Daimler

Abu Dhabi’s investment fund Aabar is reportedly looking to exit its its stake in the German carmaker.

Revealed: The World’s Top Ten Retail Nations

The UAE is the world’s second most popular country for global retailers, according to property adviser CBRE.

Saudi Denies Reports of Sweden Arms Plant

The Kingdom stressed that it has not signed any deal with Sweden to help build a weapons factory in Saudi.