Investors have accused the company of hiding weakened growth forecasts ahead of its $16 billion IPO.
Digital Domain Media Group is opening up an animation and visual effects studio in Abu Dhabi’s twofour54.
The social networking site’s IPO fizzled out on day one, dampening high expectations and expert predictions.
The social networking site reportedly plans to float an additional 85 million shares in its IPO.
A fall below that level will lead to a cut in Saudi’s oil output and force high-cost oil projects to shut down.
Europe has the “capacity and the will” to overcome its current crisis, says the White House.
A joint venture between US-based Paladin Capital Group and Invest AD plans to launch a $100 million MENA fund.
The emirate is planning a massive advertising campaign in New York’s Times Square to attract more US visitors.
Emirates Airlines will acquire other carriers at “the right time,” its chairman Sheikh Ahmed Al Maktoum has said.
The decision to appoint Jim Yong Kim, an American, to the top post has been criticised by developing nations.
The social networking site confirmed that the rival photo-sharing app will not be integrated into Facebook.
Annual production in the GCC could reach five million tonnes by 2014.
The daily deals website has been facing increasing criticism from customers and investors across the world.
The UAE has shut down the Dubai office of the National Democratic Institute, a US-funded pro-democracy group.
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.
The investment house filed for US bankruptcy protection after it failed to reach a $1.1 billion debt deal with creditors.
The Kingdom’s oil exports rose 143,000 barrels per day in January compared to December, according to the Joint Data Initiative.
The Bahraini investment company has acquired a portfolio of properties in the San Francisco Bay Area for $65 million.
Government-owned Dubai Group is currently reviewing the potential sale of the Manhattan-based property.
Noor Islamic Bank has reportedly been forced to cut off its banking business with Iran by the US Treasury.
The billionaire revealed that an unnamed individual had been selected to replace him as the CEO of Berkshire Hathaway.
The UAE has reportedly expressed interest in buying the V-22 Osprey, a tilt-rotor aircraft from the US.
Brent crude slips to $118 as a final decision on Greece’s bailout package faces a possible delay.
Colorado-based CH2M Hill has won the FIFA World Cup construction management contract.
Jim Balsillie and Mike Lazaridis are replaced as Google and Apple take BlackBerry market share.
The social networking site will now let users know what their friends are doing on other sites.
The fast food giant will continue sponsoring the Olympic Games for another eight years.
Obama’s intrusive regulations are simply too much trouble.