As GCC economies seek to diversify away from oil, many countries are pursuing free zones as the solution.
The planemaker closed the Farnborough Airshow with total orders and commitments for 496 aircraft, including 121 for the A330neo.
Investment banking fees in the region reached $237.9 million in the second quarter of this year, a new report finds.
Zain’s Iraqi unit was sued by a local telecommunications firm over the $1.2 billion acquisition of rival operator Iraqna from Egypt’s Orascom Telecom in 2007.
Abraaj’s investment will help increase patient capacity, add new services and ramp up human resource training in the hospital.
National Beverage Company (NBC) manufactures and distributes Coca-Cola, Pampa, and other products in Lebanon.
The majority of high net worth business owners prefer consulting lawyers and accountants over their private banks for planning their wealth transfer to their successors, a new study finds.
The affiliate of Abraaj Capital is seeking to buy at least a 51 per cent stake in the Egyptian snack maker.
The investment is expected to help Evolvence Knowledge Investments Limited (EKI) to expand its offerings in the region.
Egypt has been largely unable to buy crude oil in the international market for more than a year due to a domestic subsidy scheme.
Starwood’s global president and CEO plots the next phase of the hotel chain’s ambitious Middle Eastern expansion.
Forecasts for U.S. shale oil production vary from an increase of 7.5 million barrels per day by 2020 – almost doubling current domestic output of 8.5 bpd.
Sharjah-based Pangates supplied petroleum products to Syria from 2012 to April this year, the U.S. Treasury Department said.
A total of 15,797 BMW and Mini vehicles were sold in the region with the UAE accounting for half of total sales.
The city’s political stability and rising demand from a burgeoning workforce have been instrumental in attracting international investment to its property market, a new report says.
The official was killed “when mortar rounds fell” in the Ibrahim Bin Ali area, a military spokesman said.
The fund launched by the Islamic Development Bank has $750 million in commitments from Saudi, Bahrain and Brunei.
An Egyptian court handed down prison sentences of seven to 10 years to three journalists last month.
Middle East travellers have spent around $2.7 million on their visa cards since the start of the tournament, the payments provider said.
Retailers and brands will have to rethink their strategies during the holy month, writes Olga Kudryashova, planning director at advertising agency Cheil MENA.
The global financial crisis has made the cash-rich Gulf more attractive to overseas bond issuers as a source of investment funds.
Even as Egypt wrestles with dwindling water from its only major source, the Nile, it pushes farmers to grow more to supply the country’s costly subsidised food programme.
Gulf Business speaks to Ali Nehme, managing director-digital, Starcom Mediavest Group, Middle East and North Africa.
The American chain already has 34 outlets in Saudi Arabia, Kuwait, Qatar, Egypt, Jordan and the UAE.
The number of students in the GCC region is expected to grow at a 3% annually between 2013 and 2020 to reach 13.7 million, a new study says.
Political unrest in Egypt is not affecting work on the mall, confirms George Kostas, CEO of UAE-based retailer Majid Al Futtaim Properties.
The joint venture will invest in direct private equity opportunities in African firms with a focus on consumer driven sectors.
The operation targeted traffic involving malicious software known as Bladabindi and Jenxcus, which were written and distributed by developers in Kuwait and Algeria.
Increasing dependence of the GCC states on oil revenues poses a rising credit risk, a new survey by S&P says.
Niche skill sets and specific areas of expertise will shape the demand for a particular cadre of executive talent.