The Kingdom’s cabinet has given a licence to the Industrial and Commercial Bank of China (ICBC) to open one branch in Saudi.
The UAE’s largest low-cost airline saw gains from under-served routes last quarter.
Under the deal, EMD Millipore will sell recombinant human insulin manufactured by UAE-based pharmaceutical firm Julphar.
The Saudi team, which included royal family member Prince Abdullah al Saud, lost out to Britain and Netherlands in the team show jumping final.
The telecoms operator reported a net profit of around $251.58 million in the second quarter of the year.
The capital raised will be used to fund credit growth and the lender’s upcoming venture into Islamic finance.
Total bank deposits in the country fell from Dhs1.125 trillion in May to Dhs1.107 trillion at the end of June.
The Kingdom is in gold medal position as it enters the last round of the team show jumping final on Monday.
The Gulf state’s surplus for 2011/2012 was boosted by increased oil income and lower spending.
Where in Dubai should you rent or buy? What will it cost you? And is it even worth it? Read what Meghna Pant, features editor of Gulf Business has to say.
The goods seized included 5,300 television sets, 7,000 DVD players and various other devices including stereo sets, pressing irons and vacuum cleaners.
Jones Lang LaSalle and Mace will support the development of the proposed site for the 2020 World Expo in Dubai.
Saudi’s transport system may be overhauled with 30,000 monitored taxis.
The Qatari property developer made a net profit of around $163 million in the first six months of the year.
DFM’s net profit fell to Dhs10.2 million during the second quarter of the year, as revenues reduced.
Gulf Business lists the top nine property growers, including Arabian Ranches, The Springs and Palm Jumeirah.
The pharmaceutical company has seen a profit rise of 5.6 per cent for the first half of last year, with operating profit also up.
Sports committees at the Olympic Games have started removing restrictions on women wearing headscarfs during competitions.
The ban, which extends to restaurants and shopping malls, will be strictly implemented, the Kingdom’s interior minister has warned.
Emirates’ chairman Sheikh Ahmed bin Saeed al-Maktoum clarified that the deal will not include a revenue-sharing agreement.
Abu Dhabi Islamic Bank said Eurozone pressures and new regulations in the UAE will hit earnings for the rest of 2012.
The port operator said that it handled 28.2 million TEU (twenty-foot equivalent container units) in the first half of the year.
The amount collected by the Dubai government’s online payment services in the first half of 2012 increased 21 per cent year-on-year.
Bahrain-based investment company net income shrinks in face of Euro woes and asset depreciation.
Dubai International Centre will split into DIFCA and DIFC Property arms to boost its development.
Shooter and rally driver Nasser Al Attiyah claimed the bronze in the men’s skeet competition, Qatar’s first medal in 12 years.
The UAE recently granted a licence to Emirates Nuclear Energy Corp for the construction of the country’s first nuclear reactors.
Qatar aims to host international events and become the sporting hub for the MENA region, the country’s Olympic Committee chief has said.
Increased revenues from national housing projects boosted the profit made by the Abu Dhabi-based property developer.
Under the million-dollar contract, Siemens will supply 19 trams, technology and equipment to Qatar Foundation.