Despite oil prices falling below $100 a barrel, Saudi Arabia will not cut supplies anytime soon, say experts.
Over 1.2 million travellers passed through the Abu Dhabi International airport during April 2012.
Dubai’s national carrier launches new entertainment software across its Boeing 777 fleet of aircraft.
The sultanate has the potential to top the GDP rankings for the region, bettering its wealthy neighbours.
The Dubai-based developer’s first-quarter revenue rose 159 per cent to Dhs1.35 billion in the first quarter of the year.
The loan will be partly guaranteed by the Dubai government, according to sources.
Abu Dhabi Islamic Bank’s UK branch, located in an upscale development, hopes to target wealthy Gulf clients in Britain.
Gulf Business rounds up the top IPOs issued in the region in terms of capital raised, as revealed by Ernst and Young.
The social networking site has opened an office in Dubai to try and boost advertising revenues from the region.
Five management staff from the Villagio Shopping Mall have been detained over the incident that killed 19 people.
Kuwait’s Global Investment House saw its net loss narrow to $39.3 million in the first quarter of 2012.
The ministry of labour has said that outdoor workers will get a two and a half hour midday break from June 15.
A day after a shopping mall blaze killed 19 people, two more fires have broken out in the country.
The Kingdom has warned its citizens not to travel to Yemen due to increasing insecurity in the country.
The five-year plan will fund the expansion of the Saudi Arabian dairy company and boost its product innovation.
The Gulf airline may refinance a $550 million sukuk, though repayment in cash is still an option.
Improving tourism and strong trade flows helped the emirate’s GDP reach Dhs306.2 billion last year.
The Gulf state reveals its budget for the 2012/2013 fiscal year, estimating a surplus of QAR28 billion.
Committee approves Dhs755 million infrastructure projects in the UAE’s East Coast and UAQ.
Freeing up spectrum for Saudi’s telecoms operators may add $95.5 billion to the economy by 2025, said GSMA.
Ministry officials have not yet determined the cause of the fire and are investigating the incident.
Abu Dhabi oil company signs agreement for EMARAT’s fuel stations across five emirates in the UAE.
The credit card global rewards currency model works for all airlines and covers all routes, the firm said.
Warnings for oil consumption and equities markets amidst growth of deposits and loans from DIFC companies.
Exclusive: Abdul Aziz Al Ghurair blamed a greed culture and a desire for growth for lurching the UAE banks into crisis.
The country plans to introduce multiple entry visas for cruise tourists by September this year.
The amount, secured from a unit of Standard Chartered Bank, will be used to buy two new aircraft.
Saudi Arabian Airlines has got approval to list 30 per cent of its catering unit on the Kingdom’s stock exchange.
Residential rents in some areas have fallen to 2005/ 2006 levels, and occupancy levels have reached as low as 30 per cent.
A majority of JAFZA’s stakeholders have consented to the early redemption of the Sukuk, due in November.