The UAE-based contracting services company shares deal to construct pipelines in southeast Iraq with Italy’s SICIM.
Local investors are looking for fixed income investment opportunities outside the region, say asset managers.
Canadian firms have been green lit to provide nuclear energy and materials to the Gulf country as it builds four new reactors.
The UAE-based shopping mall operator hopes to start construction on the project by the end of 2012.
The IMF also cut its forecast for Saudi’s budget surplus this year from 16.5 per cent to 12 per cent, citing oil price movements.
Reports had earlier claimed that unskilled visitors from Asian nations would not be granted UAE tourist visas.
The Organisation of Islamic Cooperation has been calling for a universal blasphemy law for over a decade.
The Saudi-based oil giant will see its domestic output increase to 3.5 million bpd when new refineries come online.
The low-cost airline will now transport goods to Europe, the US and across Asia.
The Dubai carrier will use Airbus’ superjumbo on a permanent service, giving a 46 per cent rise in seat capacity.
The Abu-Dhabi developer behind the country’s railway network appoints Nasser al-Mansoori as its new chief executive.
The tech giant received more than two million orders for the iPhone 5 within the first 24 hours of its launch.
The Dubai-basd builder made a loss of Dhs11.6 million in the second quarter of the year.
The Qatari lender said that it will use the additional capital to meet strategic business requirements.
Kuwait plans to more than double the portion of state revenues it puts into its Future Generations Fund.
Following the arrest and conviction of its former chief executive, Khalil Nooruddin takes the reigns.
Sheikh Abdullah bin Saud al-Thani estimates two to three per cent inflation for 2012.
Prices dropped amid signs that Saudi Arabia is pumping at high rates to dampen prices.
Crescent Petroleum says it is confident that Sharjah-based Dana will find a resolution for its Islamic bond maturing in October.
Haitham Al Kouatly is accused of conning homeowners and tenants out of Dhs6 million in various property locations across Dubai.
Increasing supply in the emirate’s property market will continue to force rents and sale prices to fall, says new report.
A new report says the ultra-rich have increased their fortunes and successfully managed the global downturn.
E&Y and Arqaam were accused of failing to comply with international accounting standards.
The Bahraini telecoms operator is planning to buy the Monaco & Islands portfolio of British telecoms group CWC.
The government plans to allocate around 25 per cent of state revenues into the fund.
The emirate has Dhs6.5 billion ($1.8 billion) of debt maturing in April 2013.
The UAE-based shopping mall developer made a gross revenue of Dhs10.7 billion for the first half of the year.
The Dubai-based airline has denied it has any plans to buy stakes in any Indian carriers, after rules were lifted last week.
William C. Keliehor aids financial development in Iraq, a country where only 15 per cent of the population has a bank account.
As more regional and international companies turn to Islamic bonds to raise capital, Gulf Business lists the biggest Sukuks issued so far this year.