The Gallic brand also saw a four-fold increase in volume sales on the previous year.
American fashion house will open a Hollister store in Mall of the Emirates in Q3 of this year.
The city is hoping that its upcoming $2 billion tourism development will attract investors and visitors from the Gulf region.
The hotel group is officially launching the world’s tallest hotel, the JW Marriott Marquis Dubai, tonight.
Nationals from Britain, France, Japan and Hong Kong are among the dead after a gas explosion at 1,000 feet.
Industrial and Commercial Bank of China’s Middle East unit posted a pre-tax profit of $54 million in 2012.
Food is the largest segment of consumer expenditure in the region and stood at $83 billion year-end 2012, says new report.
In return for their multimillion franc investment, owners will receive “full on effortless living”
The U.S. car manufacturer – which houses the Chrysler, Dodge, Jeep and Ram brands – sold 25,321 vehicles in the region.
Qatar National Bank had planned to buy 77 per cent of National Societe Generale Bank last year.
The top U.S. diplomat will visit Saudi Arabia, Qatar and the UAE in his nine-country whistle stop tour.
Twin projects near Istanbul target leisure travellers as operator seeks new revenue opportunities outside GCC
The carrier’s recent advertisement featuring sports stars Lionel Messi and Kobe Bryant has received over 102 million YouTube hits.
A list of the most successful Gulf companies to take the international business world by storm.
“All countries in the Arabian Gulf are talking to us,” says one executive in the unmanned aerial vehicle business.
Donor countries meeting in Kuwait last month pledged more than $1.5 billion to aid Syrians affected by the civil war.
Recent predictions suggest the value of food imports into the GCC alone will hit US$53.1 billion by 2020.
The structure could play a role in Islamic finance after it was used for the first time by London-based subsidiary of Kuwaiti firm Securities House.
Consumer spending has been a main driver for the economy battered by two years of political turmoil.
Tom Emmet will head up the lender’s mergers and acquisitions business in the MENA region.
Up to 57 per cent of companies in the UAE are definitely or probably hiring new personnel in the coming three months, finds new survey.
The emirate is sensitive to the issue given its geographical positioning to countries targeted by sanctions.
UNICEF eyes the prevention; global healthcare giant Medtronic targets a cure.
Signs of recovery are visible in the market with strong indications of growth, according to a senior official at Emirates NBD.
Oil majors Exxon Mobil and Total have upset the government by signing deals in Kurdistan.
Demographics of the region’s internet users and number of people online suggest it could improve rapidly.
Forecasts about nominal prices far in the future, and comparisons with past prices are “meaningless”.
Brent has steadily risen over the past three weeks as positive economic data in key economies boosted the outlook for oil consumption.
Lack of coordination among regulators is making life difficult for takaful operators, says insurance rating agency.
Chokri Belaid, a left-wing lawyer, was gunned down on Wednesday, leading to street protests across the country.