The Japanese bank has received approval to offer foreign investors access to Saudi Arabia’s bourse.
The Gulf country with a GDP of $88,000 in 2010 qualifies as the world’s wealthiest nation, according to Forbes.
The Dubai Financial Market, the worst performing Gulf bourse last year, managed a small fourth quarter profit.
The UAE has reportedly expressed interest in buying the V-22 Osprey, a tilt-rotor aircraft from the US.
Construction contracts worth $15 billion will be signed in the country this year according to Ventures Middle East.
The ten-year Malaysian ringgit-denominated Islamic bond carried a 4.65 per cent profit rate.
The mobile app released by Norton in the UAE, will allow parents to monitor their children’s smartphone activities.
The company’s plan to raise QAR160 million through a share issue had ended after an investor pulled out.
The Fund said that higher oil prices are posing a rising threat to the global economy.
New business models based on innovation and the latest technologies will make the cut, according to Frost & Sullivan’s top trends.
More than 1.1 million passengers passed through the UAE capital’s international airport during January 2012.
The airline’s net profit for the fourth quarter of 2011 increased by seven per cent year-on-year to reach Dhs78.7 million.
The Bahraini banking group reported a 10 per cent increase in full year net profits for 2011.
The telecoms operator will not let go of any UAE citizens as part of the move, which is part of a restructuring plan to cut costs.
Egyptians are concerned about the transparency surrounding the former ruler’s trial.
The Kingdom is concerned about keeping the global oil market well supplied as demand from Asian countries increases.
The high-profile GCC Commission studying the formation of the Gulf Union is holding its first meeting in Riyadh.
The decision follows the ruling of an Indian court to cancel 122 telecoms licences in the country amid a corruption scandal.
The proceeds from the dual-currency loan will be used to fund the first phase of the Al-Sufouh project.
Abu Dhabi-based Al Jaber Group may hire a new CEO as part of a $1 billion restructuring plan, according to sources.
Levant Capital and Citi Venture Capital International have acquired a major stake in the Al Raya supermarket chain.
The Health Authority of Abu Dhabi (HAAD) has found that many slimming products contain dangerous drugs.
The integrated mining project is expected to contribute around SAR15 billion to the Kingdom’s GDP per year.
The Bahraini carrier said that the sum has been outstanding from the time Oman pulled out of Gulf Air in 2007.
The company is reportedly in talks with banks for a loan to repay its $3 billion deal that matures in October.
Dubai-based Abraaj Capital is planning to bid for Calik Holding’s media assets, according to sources.
The financial centre welcomed 56 new companies in 2011 and is eyeing companies from emerging markets.
The cash injection into the Dubai Mercantile Exchange (DME) has diluted the stake of Dubai Holding.
The telecoms operator said it is discussing restructuring options as it struggles to stall dropping profits.
Qatar’s sovereign wealth fund acquired the building for an undisclosed sum and has now leased it back to the bank.
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