Chinese consumers will drive auto revenues in 2013, says Matein Khalid, fund manager in a royal investment office.
Growth in 2012 was up on 2011, far outperforming conventional banking assets’ growth of 8.1 per cent.
Shipments to the US from OPEC’s top producer had dipped earlier in the year.
The statement conflicts with comments made by its Bahrain-based parent Gulf Finance House.
The long-running Middle East peace process took a back seat at the start of Obama’s four-day tour.
As part of the deal, the airline will have promotional rights to branding and digital elements of the tennis tournament.
The video-sharing website has started its partner programme in Saudi Arabia, UAE and Egypt.
The International Air Transport Association expects the industry to make a net profit of $10.6 billion this year.
The UK’s Financial Services Authority said Lamprell failed to inform the market of its deteriorating financial position on time.
GFH Capital purchased the club from majority shareholder Ken Bates at the end of last year.
US-based Mosaic Co plans to invest up to $1 billion in a joint venture with Saudi firms Ma’aden and SABIC.
A country’s global aviation reach is at the top of its bragging rights, with these airports seeing more passengers than any others.
First-quarter sales volumes will be down by around 40,000 bpd partly due to production issues in the MENA region.
The value of the transaction is seen at around $460 million.
Reports claimed Qatar Investment Authority was seeking a consortium for an £8 billion takeover of the British retail store.
Trade flows between the regions increased by 3.26 per cent in 2012 compared to the previous year.
Etisalat is keen on winning the contract to run state-owned Libyan Post, Telecommunication and Information Technology Co.
With high youth unemployment, the Arab world is facing its biggest timebomb yet.
Qatar Investment Authority has reportedly approached several large private equity houses to jointly bid for British retailer Marks & Spencer.
A cross-section of the best print, TV and integrated ad campaigns from across the region.
Men still 2.8 times more likely to start a business in MENA as the UAE ranks 22nd on a global survey for ease of setting up a company.
The new smartphone is reportedly powered by a new processor and said to include a unique eye-scrolling feature.
But no timeframe has yet been given as to when Dreamliners will return to service globally, and the FAA has warned additional testing may be necessary.
Deborah Jones, a former ambassador to Kuwait, has been appointed to the post.
A body representing the state said it had lodged an appeal with the Administrative Court against its ruling last week.
SWF assets grew eight per cent in 2012 to reach $5.2 trillion, says study.
Last month Egypt’s financial regulator approved an offer by Qatar National Bank for NSGB.
Managing director John Banaszkiewicz says the broker will take advantage of Dubai’s proximity to Asia.
Erik Vervroegen, international creative director, Publicis Worldwide, a judge at the Dubai Lynx Awards, says regional work is “world-class.”
OPEC, the source of more than a third of the world’s oil, expects the U.S. economy to expand by 1.7 per cent in 2013.