The countries set up a joint committee in May to finalise some 20 projects across sectors ranging from defence to transport infrastructure
The kingdom fell behind Nigeria for Indian supplies and lost out to Russia and Angola for crude supplies to China
Dubai-based International Airfinance Corporation will buy the aircraft and lease them to Saudi Arabian Airlines
Luksar is a joint venture between Aramco and Russia’s Lukoil
Thousands of US jobs are being threatened because of the GCC airlines, alleges Richard Anderson
RSE is looking to acquire the 35.5 per cent stake from private equity fund CVC Capital Partners
Etihad bought a stake in Jet two years ago giving it a foothold in India’s fast-growing aviation industry
The new midscale property is the French group’s fifth hotel in Riyadh
Ahmed Mansour was released after Egypt was unable to dispel concerns about the extradition process
The bank said the employee had received about $100,000 from a client and transferred it through his personal account to a third account
Ahmed Mansour, a talk show host on the channel’s Arabic service, was detained in Germany after an international police warrant was issued by Egypt.
No details have been disclosed as yet about where or when the joint investments would be made
The King Abdullah City for Atomic and Renewable Energy announced the cooperation deal on its website
Russia and Qatar could be stripped of their FIFA World Cup hosting rights if evidence emerges of bribery in the bidding process, a senior official has said
From the dark net to increased vulnerability through smart city adoption, is the Middle East ready to fight the next phase of cyber crime?
Many family firms think they can continue to prosper by modernising themselves without big changes to ownership or control.
Dubai’s ENOC, which owns 54 per cent of Dragon Oil, raised its offer this week to buy out the minority shareholders
In the past two years, Natixis has increased staffing levels in Dubai by around 50 per cent to 45 people
The talks follow OPEC’s meeting on June 5 in which the group kept its output policy unchanged
The oil cartel’s revenues fell from $1.112 trillion in 2013 to reach $993.3 bn in 2014, a new report shows
Dubai and Abu Dhabi were also ranked most expensive cities for expats in the Middle East, according to a new survey
Two Saudis, named al-Mutairi and al-Khaledi, were reportedly killed
The Prince and Forbes have been embroiled in a dispute ever since the magazine’s annual billionaires list was published in 2013
The court last month sought the death penalty for Mursi after he was convicted of killing and kidnapping policemen
The new service will offer a total of 3,620 seats per week between Hong Kong and Abu Dhabi
The orders were placed on the first day of the Paris Airshow
Dubai-based ENOC’s offer values Dragon Oil at around $5.75bn
The deal could include 30 A320neo planes and up to 20 A330 aircraft, sources said
Three US carriers are calling for an end to the US’ open skies agreement with the UAE and Qatar over a subsidies row
The army began work 10 months ago on the $8 billion canal in order to expand trade along the fastest shipping route between Europe and Asia.