Travellers going to and from the country can now carry only up to $10,000 in cash.
Asiacell will sell 67.503 billion shares at a price of at least 22 Iraqi dinars per share.
The fall in the index was led by Kuwaiti investors selling out profitable positions ahead of holidays.
If unresolved, the US “fiscal cliff” budget crisis could erode oil demand in the world’s top consumer.
The forecast deficit is 21 per cent higher than the deficit originally projected by the government for 2012.
Capital markets in the MENA region raised $2 billion in 2012, up around 134 per cent from 2011, says Ernst & Young.
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.
Almost half of the region’s employees are planning to request a higher salary for 2013, finds new survey.
Airline partnerships and new hotel launches marked a busy year for the region’s travel industry.
The warning has been issued because of the “difficult and sensitive political circumstances in Lebanon,” says ministry.
Inter-GCC real estate ownerships rose 20.5 per cent last year, according to official statistics.
Under the deal, BAE will deliver 12 Typhoon and eight Hawk aircraft to Oman’s armed forces starting in 2017.
The Muslim Brotherhood said 64 per cent of voters backed the charter after two rounds of voting.
The Dubai bank will also make an offer to minority shareholders for the remaining 4.8 per cent.
The group is looking for new advisers after dropping HSBC and JP Morgan Chase.
Emaar Square will house over 1,000 luxury homes, a 180-bedroom five-star hotel and the largest shopping mall in Turkey.
It marks the global operator’s third property in the city, following deals for a Sheraton hotel and Four Points by Sheraton hotel earlier this year
As the White House edges closer to a resolution, investors pour cash into oil and equities.
The UAE Foreign Minister has summoned Egypt’s ambassador to discuss the claims.
The decision follows Egypt’s ban after fears of mad cow disease case.
The last 12 months have seen robust regional spending, consistently high oil prices and the continuation of Obama’s presidency.
Its zeitgeist of the year includes the Arab Spring, Egypt elections and pilgrimage to Hajj.
The deal will generate $242.70 million in revenue for the German carrier.
Talaat Ibrahim was appointed to the position by President Mursi in November.
Technical failure brought oil flow to a halt on December 8, and again on Saturday.
Interest in deals is up say experts, but closing deals is still lacking as billions of dollars in dry powder lies waiting.
Qatar’s Masraf Al Rayan will have until the new year to decide on a proposed takeover of the lender.
The Gulf’s best performing firms in H1 of this year by net income.
The Abu Dhabi-funded club reports record revenue as Etihad-influenced commercial revenue doubles.
The British oil company was originally excluded from the process after not receiving a qualifying letter.