The biggest hikes were recorded in the prices of fish, vegetables and meat, according to official statistics.
The UAE Central Bank has told lenders to reschedule citizens’ loans by more than 48 months.
RAK Airport sees influx of European and Russian tourists.
Qatar inflation rose to its highest level so far this year in July, driven by furniture, textiles and home appliances.
Qatar Telecom has received approval from Kuwait’s Capital Markets Authority to buy a stake in Wataniya for $2.2 billion.
Bahrain’s flag carrier will restart routes into both countries from next month.
Asteco partners with real estate auction website to provide new solution for UAE property owners.
The contracts have been awarded to six international companies including Rio Tinto and France’s Areva.
The contracting company said that higher finance costs for acquisition and contracts provisioning led to the fall in profit.
The developer slashed costs to offset revenue drop following the collapse of Dubai’s property market.
Indians, Pakistanis, Brits, Russians and others have bought 12,875 properties in the first half of the year.
Dubai Holding has said that Gerald Lawless, executive chairman of the Jumeirah Group, will take on his new role from September.
According to official statistics, the emirate’s non-oil merchandise trade reached Dhs139.4 billion in 2011.
The Dubai-based developer said that revenue from the sale of condominiums in the second quarter reached over $190 million.
National Industries Group Holding said that it has raised enough finance to repay the Sukuk when it matures on August 16.
Abu Dhabi oil company TAQA saw increased profits in H1 2012 owing to strong power and water performance and divested assets.
Bahrain’s flag carrier will begin a new daily flight to Dubai and several new flights across the subcontinent.
A mix of US, British and Qatari firms will all manage the various lines and stations as part of the planned $36 billion system.
Dubai trade licences saw a significant jump as UAE confidence steadily rebounds.
The Dubai-based airline will begin operating flights to Tripoli from October 29.
The natural gas company saw a boost in profit because of increased production and higher oil prices.
The UAE-based oil trader looks to hire a CRO as its forced to cut operations in the country by 60 per cent.
Prince Al Waleed Bin Talal, CEO of Kingdom Holding, escaped harm as his car was written off in Saudi Arabia this weekend.
The mosque, spread over 40,000 square feet, will be located in Downtown Dubai.
The Eid-el-Fitr holidays for public and private sector companies in the UAE will begin on Friday, August 17.
The Gulf state is aiming to provide a much needed boost to support Egypt’s declining economy.
The Kingdom’s Foreign Minister Prince Saud al-Faisal had a minor operation to relieve an intestinal obstruction, the royal court has said.
Bahrain witnessed major salary hikes in 2012 owing to the difficulty of recruiting amid the unrest.
Banking is one of the only sectors in KSA to see a dip in compensation in 2012 Salary Survey
UAE salaries on average saw a slight increase year on year in 2012 overall, with human resources leading the pack.