The Kingdom has approved municipal projects worth SAR1 billion to be implemented across the country.
The European lender has received approval to merge its Omani business with Oman International Bank.
The Abu Dhabi-based airline announced that it will operate daily flights to Sao Paulo from June next year.
Despite oil prices falling below $100 a barrel, Saudi Arabia will not cut supplies anytime soon, say experts.
Over 1.2 million travellers passed through the Abu Dhabi International airport during April 2012.
Celebration and anger as the former ruler of Egypt goes to jail for his crimes during the uprising last year.
The sultanate has the potential to top the GDP rankings for the region, bettering its wealthy neighbours.
The Dubai-based developer’s first-quarter revenue rose 159 per cent to Dhs1.35 billion in the first quarter of the year.
The loan will be partly guaranteed by the Dubai government, according to sources.
Passenger demand in the region grew 16 per cent year-on-year in April, according to the IATA.
Abu Dhabi Islamic Bank’s UK branch, located in an upscale development, hopes to target wealthy Gulf clients in Britain.
Crude oil prices dropped to nearly $100 per barrel fueled by fears about the Eurozone crisis.
Gulf Business rounds up the top IPOs issued in the region in terms of capital raised, as revealed by Ernst and Young.
The social networking site has opened an office in Dubai to try and boost advertising revenues from the region.
Taco Bell is to join KFC and Pizza Hut as a recognised restaurant brand in the Middle East, says CEO.
Five management staff from the Villagio Shopping Mall have been detained over the incident that killed 19 people.
Kuwait’s Global Investment House saw its net loss narrow to $39.3 million in the first quarter of 2012.
The Facebook CEO has lost $1.5 billion in the last five days, losing his spot among the world’s 40 richest people.
The ministry of labour has said that outdoor workers will get a two and a half hour midday break from June 15.
A day after a shopping mall blaze killed 19 people, two more fires have broken out in the country.
A preview to Bruce Dickinson’s exclusive interview with Gulf Business, discussing airlines and the Middle East.
The Kingdom has warned its citizens not to travel to Yemen due to increasing insecurity in the country.
The five-year plan will fund the expansion of the Saudi Arabian dairy company and boost its product innovation.
Improving tourism and strong trade flows helped the emirate’s GDP reach Dhs306.2 billion last year.
The Gulf state reveals its budget for the 2012/2013 fiscal year, estimating a surplus of QAR28 billion.
The Muslim Brotherhood’s Mursi and ex-PM Shafiq will contest in Egypt’s run-off presidential elections in June.
Freeing up spectrum for Saudi’s telecoms operators may add $95.5 billion to the economy by 2025, said GSMA.
Ministry officials have not yet determined the cause of the fire and are investigating the incident.
The country plans to introduce multiple entry visas for cruise tourists by September this year.
The amount, secured from a unit of Standard Chartered Bank, will be used to buy two new aircraft.