The acquisition includes the retail, commercial and corporate banking businesses of Lloyds 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.
Britain is reportedly holding talks with Abu Dhabi to sell a part of its stake in Royal Bank of Scotland.
The internet contributes more to the UK economy than any G20 country.
More than two million people left their MENA homes due to the 2011 unrest.
The Bahraini investment group has taken over the GL Education Group, a UK-based education solutions provider.
The Kingdom’s oil exports rose 143,000 barrels per day in January compared to December, according to the Joint Data Initiative.
The bank has reportedly applied for a full commercial banking licence to expand its operations in the kingdom.
Healthcare provider NMC hopes to raise $250 million through the listing, and plans to use the funds for further expansion.
The Gulf state is initially planning to import the equivalent of around 3 million tonnes a year of LNG from Russia’s Gazprom.
Saudi Arabia has increased the price of its Arab Light crude oil for customers in Asia by $1.25 a barrel for April.
Royal Bank of Scotland said it no longer requires equity research on Middle Eastern companies from Dubai’s Rasmala Investment Bank.
Qatar’s sovereign wealth fund acquired the building for an undisclosed sum and has now leased it back to the bank.
Brent crude slips to $118 as a final decision on Greece’s bailout package faces a possible delay.
Prominent economist Nouriel Roubini has predicted that the Eurozone will collapse in a few years.
Markets were subdued even as Greece delayed its decision regarding a new bailout.
Lebanon’s Azadea Group will bring the fashion label to the Middle East later this year.
Qatar’s sovereign wealth fund is expected to acquire the property in a “few weeks.”
The Spanish consortium won the bid to build the second phase of the HHR.