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.
The smartphone manufacturer will launch the device in Europe and China in June, with other markets following shortly.
US shale oil will help meet most of the world’s new oil demand in the next five years, says International Energy Agency.
The UAE Foreign Ministry announced that the Emiratis had been released on its Twitter account late on Sunday.
Carlyle raised $500 million in 2007 for its debut fund in the region. The fund now has five companies in its portfolio including Saudi Arabia’s General Lighting Co.
Emirati citizens advised not to travel to the popular Arab country after a demonstration by pro-Assad Syrians in Sidon.
A virus from the same family triggered the outbreak of Severe Acute Respiratory Syndrome that swept the world after emerging in Asia and killed 775 people in 2003.
The country is mainly eyeing investments in energy, logistics and infrastructure.
Rakbank suffered a $5 million coordinated heist at ATMs around the world in December while Bank of Muscat lost $40 million in February.
Under the deal, the companies would send up to 15.6 million tonnes of LNG each year to their South Hook terminal in Wales from the Golden Pass plant in Texas.
Kurdistan thumbs its nose once more to Federal Iraq in a long-running feud that threatens to boil over
IHG will open its first Staybridge Suites in Beirut in July and a contract should be signed in Dubai “pretty soon”.
The U.S. Labour Department issued a report in December, some 20 months after the general strike, that faulted the Bahrain government for the actions it took.
Saudi Aramco’s Omar Abdulhamid was appointed as the head of research, the second most senior post at OPEC.
Last year, an international arbitrator told Kuwait’s Petrochemical Industries to pay up for pulling out of a K-Dow joint venture in 2008.
Industry leaders from flydubai, Lufthansa and Boeing discuss the future of low-cost travel at Arabian Travel Market.