Dubai-based Noor Islamic Bank clarified that it has ended all business relations with Iranian banks.
Noor Islamic Bank has reportedly been forced to cut off its banking business with Iran by the US Treasury.
The brand hopes to increase its regional visibility by continuing to sponsor events like the Dubai Duty Free Tennis Championship.
The UAE-based private equity firm is holding talks to acquire Viking, an integrated oilfield service company.
The Saudi dairy company is currently in talks Pepsico to up its 48 per cent stake in IDJ, their joint venture firm.
The billionaire revealed that an unnamed individual had been selected to replace him as the CEO of Berkshire Hathaway.
The Japanese bank has received approval to offer foreign investors access to Saudi Arabia’s bourse.
The Gulf country with a GDP of $88,000 in 2010 qualifies as the world’s wealthiest nation, according to Forbes.
The UAE has reportedly expressed interest in buying the V-22 Osprey, a tilt-rotor aircraft from the US.
The Fund said that higher oil prices are posing a rising threat to the global economy.
The Kingdom is concerned about keeping the global oil market well supplied as demand from Asian countries increases.
The decision follows the ruling of an Indian court to cancel 122 telecoms licences in the country amid a corruption scandal.
Dubai-based Abraaj Capital is planning to bid for Calik Holding’s media assets, according to sources.
Qatar’s sovereign wealth fund acquired the building for an undisclosed sum and has now leased it back to the bank.
The region’s trade with Russia, India and China is set to grow much faster than trade with developed economies.
The region may even top the world in terms of growth of wealthy individuals this year, according to experts.
Sovereign wealth funds from the UAE and Kuwait have reportedly agreed to buy stakes in India’s ONGC.
Brent crude slips to $118 as a final decision on Greece’s bailout package faces a possible delay.
The columnist fled Saudi Arabia after his comments on Twitter caused an outrage in the kingdom.
The two companies are in negotiations to build a methanol complex in Trinidad and Tobago.
The Bahraini telecoms operator will receive $174.5 million, the same amount that it paid to purchase the stake in the Indian firm.
Colorado-based CH2M Hill has won the FIFA World Cup construction management contract.
Prominent economist Nouriel Roubini has predicted that the Eurozone will collapse in a few years.
Saudi Arabia might increase crude oil supplies to South Korea as Seoul looks for alternatives to Iranian oil.
Confidence decreased substantially in Saudi Arabia during the last quarter of 2011, according to Nielson.
According to Ernst &Young, deal values in 2011 dropped by 28 per cent year-on-year to reach $31.7 billion.
Markets were subdued even as Greece delayed its decision regarding a new bailout.
The telecoms operator might also share infrastructure facilities with other carriers.
Prince Alwaleed, Citigroup’s biggest individual shareholder, said that he expects the bank to increase dividends this year.
The move follows the stringent financial and trading sanctions imposed by the US and EU on Iran.