Dubai Retailers In Chinese Push

Luxury retailers in the emirate are hiring Cantonese and Mandarin speaking staff to cater to Chinese visitors.

Tenancy Contract Must For UAE Visa

Officials have confirmed that expatriate residents need to provide tenancy contracts and utility bills to renew visas.

Camel Milk Up 20% Per Year

Camelicious’ umbrella company has revealed huge growth in sales since its inception.

JAFZA Prices $650m Sukuk

The seven-year Islamic bond was launched at a profit rate of seven per cent, arranging banks said.

Most Expensive Cities In MENA

Beirut beats Abu Dhabi to reach the regional top spot on Mercer’s global cost of living study.

Saudi Eyes Joint Grid With Turkey

The Kingdom’s cabinet has approved authorities to hold discussions with Turkey for a joint electricity grid.

Kuwait’s Index At Four Month Low

Political uncertainty has resulted in economic uncertainty for the country as markets drop.

Kuwait’s Social Minister Quits

Ahmed al-Rujaib steps down from social affairs and labour post just one month after finance minister left.

MENA Stocks Could Double By 2014

Arqaam Capital says that the regional corporate bond market will also grow substantially by 2014.

Mubarak’s Health “Very Critical”

Former Egyptian president Hosni Mubarak is in a critical condition and needs urgent care, his lawyer has said.

Brent Prices Drop Below $97

Concerns about the Eurozone debt crisis pushed crude oil prices towards its lowest so far this year on Tuesday.

ME Airlines To Post $400m Profit

Regional airlines are expected to see profits drop in 2012 because of the Eurozone crisis, says IATA.

Dubai Safest City For Business

The UAE city has ranked as the safest place in the Middle East to do business, and 29th in the world.

Dubai Properties Gets New Board

Dubai Properties Group’s new board will set up its long-term business strategy and oversee implementation.

Oil Prices Reach Above $102

The $125 billion aid package received by Spain to boost its banks has revived oil demand hopes.

UAE Posts $11bn Fiscal Surplus

The UAE’s revenues rose 41 per cent to Dhs440.1 billion in 2011, mainly due to high oil prices, said IMF.

IMF: UAE At Risk From Euro

The International Monetary Fund has warned of the repercussions the Euro crisis could have on the Gulf.

Eurozone Deal Boosts Gulf Markets

The decision to lend Spain $125 billion should boost GCC markets at the start of the week, says Mashreq.

Spain Receives 100bn Boost

Eurozone ministers have agreed to lend the amount to help Spain revive its struggling banks.

India’s SpiceJet Starts Dubai Route

The Indian budget carrier will have direct daily services connecting Delhi and Mumbai to Dubai.

Tanzania Eyes UAE Investors

The African country has invited the UAE to invest in industries relating to oil and gas exploration.

Saudi Cuts Oil Output In May

The Kingdom pumped 9.8 million barrels per day last month, down 300,000 bpd from April.

Nasdaq Reimburses Facebook Claims

The stock exchange will pay $40 million to investors hit by technical glitches during Facebook’s IPO debut.

Qatar Budget Surplus Hits $1.4bn

Qatar posted a surplus of QAR5.1 billion in the third quarter of its 2011/12 fiscal year.

UN Issues Eco-Warning

Over-consumption and globalisation are leading to unprecedented levels of eco-damage, says the UNEP.

Global Gains Steady Gulf Bourses

As world markets rally to Spain’s bond sale the Gulf region sees shares and oil improve.

DGCX Trading Up 259% In May

Trading volumes at the Dubai Gold and Commodities Exchange amounted to $32.67 billion in May this year.

MEA Wealth Up 4.7% In 2011

New report shows the region has the highest proportion of offshore wealth in the world and many HNWIs.

Samsung Eyes Mobile Top Spot

Exclusive: Eros, Samsung’s UAE distributor, says that the brand will soon lead the country’s mobile market.

Saudi Posts 5.9% Q1 GDP Growth

The Kingdom’s GDP growth during the first quarter of 2012 reduced slightly compared to the fourth quarter of last year.