A joint venture between US-based Paladin Capital Group and Invest AD plans to launch a $100 million MENA fund.
Poorly maintained offices are proving very expensive for businesses in the region, according to a new survey.
Chinese firm Chinamex is building a multi-million-dinar Chinese-themed retail shopping mall in Manama.
Qatar Investment Authority has reportedly acquired between three to five per cent of oil major Royal Dutch Shell.
The oil producing group said that crude oil supply was in excess of market requirements.
The emirate is planning a massive advertising campaign in New York’s Times Square to attract more US visitors.
The Japanese car manufacturer reported that its net profit for the year to March reached $3.5 billion.
Under the agreement, China State Construction develop real estate projects in Abu Dhabi.
Regional advertising spend is expected to pick up in the next few years and reach $5.95 billion by 2015.
Five international hotel brands are planning to hire almost 50,000 staff in the region over the next three to five years.
Saudi also has 80 million oil barrels in storage for sudden need, the Kingdom’s oil minister Ali al-Naimi said.
The Gulf carrier reduced its Airbus A350 order, cancelling aircraft worth $2.3 billion at current list prices.
The Gulf states have assured South Korea that they will make-up for any shortfall of oil supply from Iran.
The international hotel operator is planning to add 13,000 new rooms to the region by 2017.
UK defence firm BAE is close to signing a deal to sell up to 30 Hawk aircraft to Saudi Arabia, according to reports.
The Dubai-based airline bagged four awards at the Business Traveller Middle East (BTME) Awards 2012.
The airport is increasing measures to cater to the rising number of visitors from the Gulf.
The capital raised in Q1 2012 was almost four times higher than Q1 2011, but 63 per cent lower than Q4 2011.
Exclusive: The Japanese carmaker will sell 200,000 units this year, said global executive vice president.
Emirates Airlines will acquire other carriers at “the right time,” its chairman Sheikh Ahmed Al Maktoum has said.
According to UNWTO, tourist arrivals in the region are set to grow seven per cent per year over the next 20 years.
Last year, 80 per cent of the Gulf travellers visited the German city for medical reasons.
Bullion rose as the latest data released by the US weakened the dollar.
Despite popular belief, the UAE’s hospitality sector did not benefit in a major way from the Arab Spring, said experts.
Jumeriah boss, Gerald Lawless, said the GCC could introduce an electronic visa platform for global visitors.
Istithmar World confirmed it has acquired a 50 per cent stake in the landmark Dubai hotel for $250 million.
The value of M&As in the region fell to $8.5 billion during the first quarter of 2012, according to Ernst &Young.
The US tech firm posted quarterly revenues of $39.2 billion, a 59 per cent jump on last year.
London’s Heathrow Airport found that Saudi visitors were the Middle East’s biggest spenders in 2011.
The threat of a severe Europe crisis has passed, but more needs to be done to ease the situation, said Julius Baer.