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.
Contracts have been signed for the construction of projects in Ras Al Khaimah and Khor Fakkan.
Qatar plans to buy four hotels from Starwood for around $940 million, according to French media reports.
While official election results will be announced today, the Brotherhood’s Morsy is expected to win.
The new pipeline is expected to end the UAE’s dependence on the shipping route that Iran has threatened to block.
The UAE and Qatar have not been upgraded to emerging markets status by index compiler MSCI.
Poor outlook for the US economy and rising supply pushed oil prices to around $92 per barrel on Thursday.
The number of Lebanese visitors staying at Dubai’s hotels rose two per cent year-on-year during Q1 2012.
First four months of the year see the sultanate’s revenue jump by 40 per cent to 4.6 billion rials.
Prominent opposition lawmaker resigns calling the court’s ruling ‘a coup against the constitution’.
The construction company will use the amount to refinance existing debt and fund expansion.
The wealthier GCC states had planned to create an aid fund to assist Bahrain and Oman combat social unrest.
The luxury hotel chain group has specific discussions going on in Mumbai and Delhi, its chairman has said.
The country has adequate financial resources to bridge its budget gap, a senior minister has said.
The Canadian hotel operator announced that it will open its first resort in Dubai by mid-2014.
The retail and hospitality conglomerate moves into the healthcare industry with the launch of medical clinics.
Latest study shows the effects of the political and social unrest on the economies of the GCC.
Oil prices briefly fell below $95 a barrel on Tuesday on Eurozone worries, but bounced back again.
The amount will be partly used to construct a fuel pipeline from Jebel Ali to the Dubai Airport.
UAE contractor Drake & Scull International has secured a series of MEP contracts in Oman.
The UAE ranks highest in the region for global retail expansion, says a report by A.T. Kearney.
The appointment of Prince Salman as heir apparent in Saudi Arabia may lift the markets temporarily.
The rating agency has cut the bank’s Middle Eastern arm’s rating from BBB+ to BBB, due to flat NPL ratio.