Oil prices in 2013 are expected to be similar to prices in 2012, says UAE energy minister Mohammed Dhaen Al Hamli.
The precious metal had dropped to a more than four-month low of $1,625.79 on Friday.
Workers in Saudi Arabia are expected to see the biggest salary hikes in the region at six per cent, says new study.
Egypt is holing negotiations with the International Monetary Fund to get a $4.8 billion loan.
Turkey is planning to build an LNG terminal on the Gulf of Saros to meet increasing demand.
A total of 121 journalists were killed last year, says international journalists’ group.
Abu Dhabi-based Etihad could pay up to $330 million for a 24 per cent stake in Jet Airways, says source.
The project, located in Turkey’s Afsin-Elbistan region, is expected to start production in 2018.
A three-class Boeing B777-300ER will be deployed from February, providing more seats and cargo space
More than one-in-five deaths occurred in the city of Homs, says UN-commissioned study.
Africa’s vast lands, fast economic growth and a sense of political stability are all attracting regional investors.
FlyGeorgia has begun services to Dubai, its fourth Middle East route
The Abu Dhabi-based airline is in final stages to acquire a part of the Indian carrier, say sources.
International banks are shrinking their regional businesses as deal activity dries up.
Abu Dhabi National Energy Co(TAQA) confirmed that production was expected to begin in 2013.
Brent crude prices were also buoyed by promising data from top energy consumer China.
The Senate-backed deal was passed late on Tuesday in the House of Representatives.
Property investment company IP Global lists the prime global locations for regional real estate investors and explains why they are attractive hotspots.
The agreement is now pending a vote in the House of Representatives.
The expansion dovetails with the opening of Concourse A, the world’s first purpose-built A380 concourse, at Dubai International Airport in January
Gulf Business rounds up a list of the 20 most popular stories on our website this year.
2013 revenue projected at a conservative SAR829 bn, according to Emirates NBD, as spending on education and healthcare to increase.
The Emirates CAE Flight Training Centre services over 200 aviation clients and trains more than 10,000 pilots and technicians a year
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”
Attractive interest rate levels and abundant secondary liquidity in the market are expected to drive demand.
The emirate’s tourism authority is holding a five-city road show in India in January.
The Japanese automaker is seeking to move past the biggest safety crisis in its history by paying $1.1 billion to settle lawsuits.
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.
President Barack Obama plans to hold budget talks on Thursday aimed at averting the so-called fiscal cliff.
President Mohamed Mursi has enacted a new, bitterly contested constitution, which won about 64 per cent majority in a two-stage referendum.