The Bahraini investment group has taken over the GL Education Group, a UK-based education solutions provider.
Apple’s third generation iPad is finally available in select locations across the UAE.
The Kingdom’s oil exports rose 143,000 barrels per day in January compared to December, according to the Joint Data Initiative.
The regional unrest will continue to dampen investor confidence in the Middle East this year, according to a survey by the CFA Institute.
The Tunisian government has set up a working group with Islamic finance experts to study its development in the country.
The majority of financial executives in Dubai are planning to increase staff this year, according to a survey.
The Bahraini investment company has acquired a portfolio of properties in the San Francisco Bay Area for $65 million.
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.
Kuwait’s sovereign wealth fund has obtained approval to initially invest up to $300 million in China’s securities market.
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.
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 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.
The Gulf state is initially planning to import the equivalent of around 3 million tonnes a year of LNG from Russia’s Gazprom.
Regional unrest might affect China’s oil input, which in turn will have a drastic impact on global asset prices, said hedge funds guru Marc Faber.
A Korean consortium has signed a deal with ADNOC to acquire a 40 per cent stake in three oilfield projects in the UAE.
Saudi Arabia has increased the price of its Arab Light crude oil for customers in Asia by $1.25 a barrel for April.
Royal Bank of Scotland said it no longer requires equity research on Middle Eastern companies from Dubai’s Rasmala Investment Bank.
Abu Dhabi’s International Petroleum Investment Company is refinancing the $850 million, three-year loan it signed in February 2009.
The country’s non-oil trade reached Dhs759.8 billion during the first ten months of 2011.
Airlines in the region posted a 14.5 per cent year-on-year increase in January this year, according to the IATA.
While the bank’s income from the country rose seven per cent last year, expenses also increased by six per cent.