The fire broke out in a 30-storey building at the Al Zahia area in Abu Dhabi on Friday afternoon
The explosion occurred at a restaurant in the emirate’s Al Khalidiya area
Dubai International Centre will split into DIFCA and DIFC Property arms to boost its development.
Daoud Rajha was reportedly killed in a bomb explosion during a meeting with ministry and security officials.
Barclays, hit by the Libor scandal in Britain, will leave the IBOR panel after around 90 days.
The government will ensure shops and supermarkets do not overcharge customers during the Ramadan period.
The country’s first nuclear station will begin construction as the licence is agreed for ENEC and KEPCO.
Saudi Basic Industries Corp saw its quarterly profit drop due to lower prices and production.
Oman’s lender makes $50.6 million profit for the first half of the year, a huge rise from the same period last year.
The Kingdom plans to allow foreign firms to list on its stock exchange within a year, an official has said.
The low-cost airline carried 1.3 million passengers during the second quarter of 2012, up 15 per cent from Q2 2011.
Zain’s share hold in the Saudi operator could rise to above 50 per cent forcing the Kuwaiti firm to consolidate losses.
The bank made a Q2 net profit of $26.8 million, up on analysts’ expectations and last year’s results.
The US-based bank saw overall net income fall to $2.94 billion in the second quarter of the year.
Working hours for private sector companies have been cut from eight to six per day, the labour ministry has said.
The Eurozone debt crisis is slowing down economies across the world, said the International Monetary Fund.
The country’s oil production fell 4.1 per cent to 27.7 million barrels in June compared to May.
The Oman lender made net profit of $90.9 million in the second quarter, above analysts’ estimations.
The telecoms company said that it made a net profit of $379 million in the second quarter of the year.
The Abu Dhabi-based oil explorer has secured financing to expand in the African country.
Rents for both villas and apartments have increased year-on-year in 2012, says a new report.
The UAE aims to increase exports from the new oil terminal as threats to close the Strait of Hormuz rise.
The new rule, introduced by the central bank, will begin next year and extend until the end of 2014.
The country’s first nuclear plant receives approval from the UAE’s environmental regulator.
Carriers in the region face a huge supply-gap of pilots and technicians unless they recruit drastically.
The bank has withdrawn from the interbank panel following the Libor scandal in the United Kingdom.
Oman’s largest lender has offered new shares to existing holders at a discounted price to raise over $250 million.
The Saudi-based property developer said that Sukuk account holders will receive the funds on Monday.
The loans, extended by the Saudi Fund for Development, are repayable over 20 years at two per cent interest.
Saudi Arabia will include two female competitors in its London 2012 Olympic team for the first time.
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