Abu Dhabi-based investment firm may shed more than half of its staff.
The telecoms operator might also share infrastructure facilities with other carriers.
The move follows the stringent financial and trading sanctions imposed by the US and EU on Iran.
The UAE’s central bank is reportedly planning to limit credit card interest rate at 18 per cent annually.
According to the IMF, Qatar’s economy is expected to grow six per cent in 2012.
The pipeline will supply gas to the town of Duqm and is estimated to cost around $200- 220 million to build.
Lebanon’s Azadea Group will bring the fashion label to the Middle East later this year.
The kingdom’s oil minister has said that rising domestic demand will not affect crude oil exports.
According to the country’s Economy Minister, the Arab Spring has spurred growth in the UAE.
Qatar’s sovereign wealth fund is expected to acquire the property in a “few weeks.”
The country is scrambling to find an alternative to its threatened primary supply from Iran, Oman’s oil minister has said.
The German car company delivered 11,000 vehicles in the region during 2011, recording a 21 per cent sales growth for the year.
The signing of $930 million worth of trade deals at the Bahrain International Airshow has raised expectations for 2014.
Abu Dhabi has recorded its most successful year ever in terms of hotel guest arrivals with some 2,111,611 visitors.
Online shopping is surging in the Middle East as local buyers get comfortable using credit cards over the internet.
Saudi Arabia almost doubles income forecast, announcing a budget surplus of $81.6 billion for 2011.
The value of shares traded reached its lowest level since 2004.
Gulf Business attends Google’s groupie day in Dubai and chats with managing director, Ari Kesisoglu.
Billion-dollar railway projects are finally gaining momentum in Saudi Arabia, Qatar and the UAE.
Gulf techies are way ahead of their global peers says IBM, as the MENA region pushes for fast growth.
As the UAE climbs into steady recovery, is it any easier for small businesses to access bank lending?
The region is doubling its mineral production with the aim of creating jobs and digging up new profits.
The turmoil in the Arab region will affect Beirut’s financial sector, says Matein Khalid, fund manager in a royal investment office.
As GCC governments’ budgets soar, so do breakeven oil prices.
Islam could hold the key to turning around the Gulf’s dismal environmental record.
Students are scrambling to update their CVs amidst economic uncertainty
The region’s deepest insecurities have once again been exposed by another crisis to emerge from the US and eurozone economies.
The Middle East is home to a rising entrepreneurial animation movement, fuelled by comic book series, The 99.
As the region drowns in fake goods, fraudster gangs are endangering the local economy, creativity and safety.
The regional pharmaceutical and healthcare industry is set to boom with a new $125 billion investment injection.
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