The Australian government has permitted Etihad to increase its stake in Virgin Australia up to 10 per cent.
The technology company posted a year-on-year rise in quarterly revenue to $13.5 billion.
False hope and economic turbulence are threatening the reliability of the GCC’s oil income.
Daoud Rajha was reportedly killed in a bomb explosion during a meeting with ministry and security officials.
The government will ensure shops and supermarkets do not overcharge customers during the Ramadan period.
Saudi Basic Industries Corp saw its quarterly profit drop due to lower prices and production.
Facebook has 45.2 million users in the region while four million Arabs use LinkedIn, says new report.
The Kingdom plans to allow foreign firms to list on its stock exchange within a year, an official has said.
The low-cost airline carried 1.3 million passengers during the second quarter of 2012, up 15 per cent from Q2 2011.
The US-based bank saw overall net income fall to $2.94 billion in the second quarter of the year.
The Eurozone debt crisis is slowing down economies across the world, said the International Monetary Fund.
The country’s oil production fell 4.1 per cent to 27.7 million barrels in June compared to May.
Carriers in the region face a huge supply-gap of pilots and technicians unless they recruit drastically.
The telecoms company said that it made a net profit of $379 million in the second quarter of the year.
Rents for both villas and apartments have increased year-on-year in 2012, says a new report.
The UAE aims to increase exports from the new oil terminal as threats to close the Strait of Hormuz rise.
The new rule, introduced by the central bank, will begin next year and extend until the end of 2014.
Saudi Arabia’s announcement of five new laws will affect homeowners and businesses when they come into effect.
The country’s first nuclear plant receives approval from the UAE’s environmental regulator.
Foreign direct investments into the Middle East dropped 16 per cent to $49 billion in 2011, says UN report.
The Saudi-based property developer said that Sukuk account holders will receive the funds on Monday.
The loans, extended by the Saudi Fund for Development, are repayable over 20 years at two per cent interest.
Aarti Nagraj catches up with the Kana’an sisters, who describe the tough but fulfilling life of being an entrepreneur in Dubai.
Managers in the Gulf are earning seven times as much as their employees as demand for mid-level talent continues.
Farnborough Air Show: British defence company plans new $10 billion UAE jet deal with Eurofighters.
New Forms of Philanthropy Offer Beneficiaries a “Hand up,” not just a “Handout”, says Justin Sykes.
Regional firms must work out exactly who they are before hitting the world stage, says CEO of Booz & Co.
Gross domestic product figures carry momentum from 2011 despite the potential woes of a global recovery.