The region has witnessed a growing shift towards the wellness experience.
The UAE will issue its first federal sovereign bond between 12 and 18 months after it is prepared.
The majority of financial executives in Dubai are planning to increase staff this year, according to a survey.
Emirates NBD requests withdrawal of Dubai Bank’s Fitch and Moody’s ratings.
Investment in the GCC’s aluminium industry has reached $14 billion to date.
The Abu Dhabi Securities Exchange has denied reports that it’s going to investigate trading patterns of Aldar and Sorouh.
The Bahraini investment company has acquired a portfolio of properties in the San Francisco Bay Area for $65 million.
There has been no consensus on Morocco joining the elite bloc as yet, but could this be the beginning of a beautiful friendship?
According to sources, the UAE-based bank is planning to let go of its employees to cut costs. The bank has refused to comment.
The global software firm is planning to hire 500 new employees and open more offices in the region.
Qatar Petrochemical Company has awarded construction contracts worth QR604 million to expand its ethylene plant.
Government-owned Dubai Group is currently reviewing the potential sale of the Manhattan-based property.
The region’s hydrocarbon reserves account for almost a third of the world’s reserves, says QNB Capital.
The bank has reportedly applied for a full commercial banking licence to expand its operations in the kingdom.
The UAE-based property developers are discussing ways to merge in a government-backed tie-up.
Kuwait’s sovereign wealth fund has obtained approval to initially invest up to $300 million in China’s securities market.
The kingdom’s annual inflation rate reached a 14-month high in February mainly because of increasing food and housing costs.
The emirate will not stop issuing new hotel licenses as previously reported by local media, but will be selective in the number it grants.
More than 1.5 million tourists visited the emirate last year, and the city is putting in several efforts to attract more visitors in the future.
Dania Saadi reports on the new wave of entrepreneurs spreading across the Gulf, boosted by growing funding opportunities.
Despite demand worries, OPEC oil production reportedly reached 30.97 million bpd in February, the highest since November 2008.
The region’s representatives on Forbes’ annual list of the World’s Billionaires have a combined net worth of $65.4 billion.
P&G was named advertiser of the year, while Y&R Dubai bagged the advertising agency of the year award.
Healthcare provider NMC hopes to raise $250 million through the listing, and plans to use the funds for further expansion.
The outspoken head of Qatar Airways has expressed support for the planemakers as they struggle to resolve production flaws.
The hotel group has 15,000 rooms under development in the MENA region and is planning further expansion.
The 750 million renminbi bond, which matures in 2015, was 5.7 times oversubscribed, the bank said.
The parliament has voted to extend the suspension of the tax on foreign workers for another two years, according to reports.
The issuance of Islamic bonds in the region could reach over $14 billion this year because of increasing investor demand, according to HSBC.
The utilities unit of Drake & Scull International has won the Dhs100 million contract to set up a water system for a thermal power station in India.