Al Nabooda, the distributor of Porsche, Audi and Volkswagen in Dubai, plans major investment push.
The Gulf state is reportedly setting up two companies through an official decree to issue the Islamic bonds.
Most employees in the MENA region miss work because of low satisfaction and lack of responsibility, says survey.
UAE exchanges say there is still no clarity regarding the Indian government’s proposed service tax on remittances.
The country plans to boost government spending by 27 per cent to $49 billion for the fiscal year that began in April.
Average apartment rents increased six per cent and villa rents rose nine per cent in Q2 2012, says Asteco.
Four IPOs, valued at over $1.1 billion were issued in the GCC during the second quarter of 2012.
Shareholders of Capital Management House, Capivest and Elaf Bank approve the three-way merger.
The number of guests in the emirate’s hotels reached 192,374 during May this year, official statistics show.
A momentous day marks the dawn of a new era for Egyptian politics as Mursi is handed power.
The airline will fly 73 extra flights to Jeddah and Medinah Al Munawarrah from July 20 to September 1.
The UAE city is ranked as having the most transparent real estate market in the MENA region.
The oil giant signs agreement to sell its Vela marine unit to Saudi National Shipping Company.
The crown prince and the US president discussed regional issues and global energy prices during the meet.
Flights to Basra, the low-cost airline’s fifth destination in Iraq, are scheduled to start next month.
The Arabtec consortium, that includes Greek and Turkish firms, will build a terminal at the Abu Dhabi airport.
The demise of Gaddifi has unleashed a treasure trove of opportunity, but one that’s fraught with risk.
The Swiss company is opening a Dhs500 million manufacturing plant in Dubai World Central.
A firm linked to billionaire Robert Kuok is set to take a stake in Drydock’s Southeast Asia operations, say sources.
Key concerns about the European debt crisis offset worries about tighter North Sea supplies.
UAE mall developer Majid Al Futtaim Holding plans to issue a dollar-denominated bond this year.
Visitors from the UK topped the list, spending almost $500 million in 2011, according to Visa.
A good salary is the main priority for 59 per cent of women looking for jobs in the MENA region, says survey.
Women athletes from the Kingdom will be allowed for the first time to compete in the London Olympics.
At least seven governments have stepped down in recent years because of political deadlock.
The country’s planning authority says that GDP growth is expected to reduce to 4.5 per cent in 2013.
Trade links between the two countries have never been stronger as new figures reveal the growing relationship.
The emirate has seen consumer confidence rise in the first quarter of the year, say official statistics.
Global news agency Thomson Reuters buys MENA-based online platform Zawya for an undisclosed amount.
The Omani bank plans to use the proceeds from the sale to fund credit expansion and its foray into Islamic finance.