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.
The Gulf state is looking to increase it’s stake in China’s stock and bond markets along with ADIA.
Egypt’s newly-elected President receives support from US equivalent as does his rival Shafik.
The Muslim Brotherhood’s Mohamed Morsy has promised a moderate, modern Islamist agenda for Egypt.
Residential rents rose between four to 13 per cent in the two Saudi Arabian cities, says a new study.
The investment company, which plans to launch an IPO, raised Dhs100 million from the sale.
Qatar’s government is hoping that its nascent non-oil sector will keep the economic engine running.