The Dubai-based developer reported a net profit of Dhs1.3 billion for 2011.
Formula One teams taking part in the Bahrain Grand Prix will not be at risk, circuit chairman Zayed Al Zayani has said.
Bank Muscat, Oman’s largest lender by market value, posted a net profit of $86.7 million for the first quarter of the year.
Saudi Basic Industries Corporation will be distributing a dividend of SR5 per share to shareholders for 2011.
The travel firm had to cancel a similar sale two years ago due to a lack of demand.
Mashreq bank chairman Abdul Azuz Al Ghurair is also vice chairman of DIFC’s higher board of directors.
The majority of the licences were issued to businesses in the tourism sector, said Dubai’s Department of Economic Development.
Digital experts have slammed the practice of hiring fake users to ‘like’ a page.
Qatar National Bank has acquired a 49 per cent stake in Libya’s Bank of Commerce and Development for an undisclosed sum.
The Kingdom stressed that it has not signed any deal with Sweden to help build a weapons factory in Saudi.
The meeting in Riyadh will discuss the dispute between the UAE and Iran over Abu Musa island, sources said.
The bank plans to distribute 55 per cent of its 2011 net profit to the ministry of finance, reported WAM.
The Abu Dhabi-based investment company attributed the loss to negative fluctuations in its financial investments.
Dubai-based builder Arabtec has nominated four top Aabar executives to its board.
The Kingdom’s oil sector expanded 6.1 per cent during the fourth quarter of the year.
Despite officials confirming that the race is Bahrain is still on, many teams expect it to be called off amid security concerns, say reports.
Qatar Investment Authority said it is looking to invest $10 billion in India, but is waiting for policies to change in the country.
The two countries are set to strengthen bilateral trade ties, according to the UAE Minister of Foreign Trade.
Oman plans to issue sovereign bonds worth OR200 million this year, but is waiting for the right time, according to officials.
Al Rajhi Bank, SABB, Saudi Hollandi Bank and Banque Saudi Fransi recorded a rise in net profit during the first quarter of the year.
The new system will help in the trading of financial instruments such as derivatives and Sukuks.
A Kuwaiti court ruled that the man’s comments on Twitter caused sectarian divisions in the country.
The UAE-based construction company will eye major contracts in Qatar this year.
Around 77 per cent of Saudi firms are planning to hire more staff this year, according to a new survey.
Qatar National Bank recorded a net profit of $549 million during the first quarter of the year.
The airport retailer has chosen Dubai Islamic Bank, HSBC and Emirates NBD to arrange its $1.1 billion loan facility.
The carrier said that the loss was “justified” and blamed it on the rising fuel prices.
Qatar Investment Authority (QIA) currently holds a five per cent stake in global mining and metals company Xstrata.
Annual production in the GCC could reach five million tonnes by 2014.
Saudi Prince Alwaleed topped the list of regional billionaires released by Forbes with a fortune of $18 billion.