Top Cities For Middle Eastern Property Investors

Property investment company IP Global lists the prime global locations for regional real estate investors and explains why they are attractive hotspots.

US Senate Approves Deal To Avert Fiscal Cliff Crisis

The agreement is now pending a vote in the House of Representatives.

Emirates Gears Up for Double Daily A380s to New York and Paris

The expansion dovetails with the opening of Concourse A, the world’s first purpose-built A380 concourse, at Dubai International Airport in January

Most Popular Stories In 2012

Gulf Business rounds up a list of the 20 most popular stories on our website this year.

Saudi Arabia’s 2012 Budget Surplus At Record 14.2% Of GDP

2013 revenue projected at a conservative SAR829 bn, according to Emirates NBD, as spending on education and healthcare to increase.

Emirates And CAE Investment Tops $260 million

The Emirates CAE Flight Training Centre services over 200 aviation clients and trains more than 10,000 pilots and technicians a year

Qatar Airways Sues German Emirati JV For $600m

Airline claims Lindner Depa Interiors was to build 19 airport lounges at New Doha International Airport by the summer “but failed to complete the project on time”

Global Demand To Boost GCC Debt Market In 2013 – StanChart

Attractive interest rate levels and abundant secondary liquidity in the market are expected to drive demand.

Abu Dhabi Eyes More Indian Tourists In 2013

The emirate’s tourism authority is holding a five-city road show in India in January.

Toyota Wants To Settle Acceleration Case For $1.1 Billion

The Japanese automaker is seeking to move past the biggest safety crisis in its history by paying $1.1 billion to settle lawsuits.

World Economic League Table 2013

The latest edition of the Centre for Economics and Business Research World Economic League Table (WELT) for 2013 reveals some interesting moves as the world’s richest powers jockey for position.

Oil Jumps To 9-Week High On US Fiscal Talks

President Barack Obama plans to hold budget talks on Thursday aimed at averting the so-called fiscal cliff.

Egypt’s Leader Signs Contentious Constitution Into Law

President Mohamed Mursi has enacted a new, bitterly contested constitution, which won about 64 per cent majority in a two-stage referendum.

Russia Unveils $25bn Oil Link To Pacific

The East Siberia-Pacific Ocean (ESPO) pipeline aims to expand sales to the US and cement Russia’s place as a dominant force on international crude markets.

Air India Expands GCC Operations In 2012, Looks To Grow

The Indian carrier recently launched the Boeing 787 Dreamliner aircraft between Dubai and New Delhi.

Brent Climbs Above $109, US Budget Talks Eyed

Investors are hoping for a last minute deal in the US to avert the so-called fiscal cliff.

Christmas Celebrations Across The World

Images from around the world of people rejoicing Christmas.

Gold Slips On US Budget Woes, Jewellers Buy

The precious metal is still on track for a 12th straight year of gains.

Egypt Slaps New Controls On Travelling With Cash

Travellers going to and from the country can now carry only up to $10,000 in cash.

Iraq’s Asiacell Seeks To Raise $1.35bn From IPO

Asiacell will sell 67.503 billion shares at a price of at least 22 Iraqi dinars per share.

Stocks News- Kuwait Drops The Most In 3 Weeks

The fall in the index was led by Kuwaiti investors selling out profitable positions ahead of holidays.

Oil Dips As Fears Of ‘Fiscal Cliff’ Intensify

If unresolved, the US “fiscal cliff” budget crisis could erode oil demand in the world’s top consumer.

Yemen Sets 2013 Budget With $3.2bn Deficit

The forecast deficit is 21 per cent higher than the deficit originally projected by the government for 2012.

Saudi and UAE Will Remain Regional IPO Hubs In 2013

Capital markets in the MENA region raised $2 billion in 2012, up around 134 per cent from 2011, says Ernst & Young.

EXCLUSIVE: Interview With Jeff Immelt, GE Global CEO

Jeff Immelt, global boss of GE, opens up to Aarti Nagraj about ramping up regional spend, the challenge of leading 300,000 people and whether he sleeps at night.

Over 65% Of MENA Workers Eye New Jobs In 2013

Almost half of the region’s employees are planning to request a higher salary for 2013, finds new survey.

Top 10 GCC Travel Trends In 2012

Airline partnerships and new hotel launches marked a busy year for the region’s travel industry.

UAE Warns Citizens To Avoid Lebanon Travel

The warning has been issued because of the “difficult and sensitive political circumstances in Lebanon,” says ministry.

GCC Locals Buy More Property Within Region

Inter-GCC real estate ownerships rose 20.5 per cent last year, according to official statistics.

Britain’s BAE Wins $4.1bn Omani Contract

Under the deal, BAE will deliver 12 Typhoon and eight Hawk aircraft to Oman’s armed forces starting in 2017.