Majid Al Futtaim Hypermarkets operates 50 hypermarkets and 44 supermarkets under the Carrefour name.
Ministers in the region are deliberating a 100 per cent increase in duty on tobacco products.
Regional online advertising spend is growing at a rate of around 25-30 per cent every year.
The country’s mission in Libya was targeted by a car bomb in April.
E-commerce spends across the Arab World grew 45 per cent to $15 billion last year.
The order, which will bring Oman Air’s A330 fleet to a total of 10 aircraft, is thought to be worth around $720 million.
The U.S. Secretary of State met Oman’s defence minister in the Sultanate on Wednesday to oversee the $2.1 billion deal.
Sheikh Mansour-owned City will be the majority partner in New York City Football Club along with the biggest name in baseball, the Yankees.
The International Monetary Fund’s regional report warns unemployment figures and diversifying economies are still an issue.
The state-owned lender expects to begin operations in the third quarter under the name of QNB India Private Limited.
The project, estimated to be worth less than $300 million, is due to come online in mid-2016.
China and Europe boosted Italian fashion giant’s revenues to $2.7 billion in 2012.
The Dubai-based developer announces start of work on Princess Tower, a 26-storey furnished apartment complex in Baghdad.
Average allocations to PE by the region’s developmental wealth funds have increased by 33 per cent in the last 12 months.
The boards of both companies have reportedly approved the deal, expected to be announced on Monday.
The Bank of London and The Middle East plans to open an office in Dubai this year to help boost its capital markets.
In April, Versace CEO Gian Giacomo Ferraris said the house may consider opening the company to outside investors to help fund expansion
Hotels in Ajman, Fujairah and the delayed resort in Abu Dhabi will open alongside new projects in Riyadh and Amman.
US growth remains weak, the European debt crisis is dragging on and instability is affecting the Middle East’s oil supply.
Asian and Middle Eastern markets drive growth in global demand in gold jewellery.
DAMAC filed an international arbitration case against Egypt in 2011 over the conviction of its chairman and owner, Hussain Sajwani.
The new agency, to be called BPG Cohn & Wolfe, is the latest move in the international company’s expansion plans to grow across the region, India and Southeast Asia.
Succession planning is a major challenge affecting many of the region’s family businesses.
With a market value of $11 billion, Asia’s second biggest airline desperately needs growth. Profit slumped nearly 70 per cent in the year to March 2012.
Germany’s second-biggest carrier, almost 30 per cent-owned by Etihad, suffered a first-quarter loss before interest and tax (EBIT) of 188.4 million euros ($244.5 million).
Sugar plant Kenana is mainly owned by the governments of Sudan, Saudi Arabia and Kuwait.
The inaugural flight carried the code of the Dutch airliner KLM as it took off for Netherlands’ capital city on Wednesday morning.
Centrica and QPI said in April they would buy Suncor Energy Inc’s gas business in Canada for C$1 billion ($986.73 million) in their first acquisition.
Regional diversity makes Dubai the first choice for Expo 2020 bid, says UK minister.