The state-owned property firm has rolled over the Islamic debt facility, owed to a syndicate of banks, several times.
A new index by HSBC shows the manufacturing and services sectors fell 0.1 points from July.
The lender leads M&A advisory rankings in MENA with $4.7 billion of deals this year, according to Dealogic.
Gold and silver have hit multi-month highs as investors aim to hedge against potential inflation risks.
Trade links between the two countries have never been stronger as new figures reveal a growing relationship.
Ernst & Young survey shows shoppers in the region are more loyal to their preferred brands than shoppers in the UK or US.
Returning consumer confidence is a driving factor for the UAE luxury sector.
As the notoriously private wealth vehicles gain increased visibility, especially with their emerging markets investment push, Gulf Business lists the top 10 SWFs in the world.
King Abdullah of Saudi Arabia urges Gulf Cooperation Council to become a single entity.
The Kuwait-based operator has revealed two new appointments to its top level board.
The Argentinian legend and ex-Al Wasl coach has accepted a position with the Dubai Sports Council.
Real GDP expanded but ongoing political unrest continues to dampen the country’s growth.
The bank has hired JP Morgan to advise on its planned buyout of the French bank’s Middle Eastern asset.
The Abu Dhabi-based carrier has doubled its stake in the Australian carrier but no plans for a majority.
The Gulf-funded football clubs continue to spend big money for new players as both teams get off to winning ways.
The plant may come up next to a new aluminum smelter in the Kingdom, says Tata Motors chairman.
Gulf Air CEO, Samer Majali, says a consultative leadership style is the best way to energize and motivate employees.
The multi-billion dollar Khalifa Port can handle 12 million tons of general cargo annually in the first phase.
The banking group appoints a new chief executive to repair its damaged reputation following the Libor scandal.
The company confirmed that operational systems both onsite and offshore are secure and that production is not affected.
With entrepreneurship in the region witnessing an unprecedented boom, funding options are also on the rise.
ICBC ME posted a pre-tax profit of $36 million in the first half of the year, up 157 per cent from H1 2011.
The state-owned operator repaid the five-year syndicated term loan from existing funds.
Fees from Qatar Investment Authority paid to the British bank are being scrutinised by the UK’s Serious Fraud Office.
Apple is used to being a market leader, but the hugely lucrative Chinese market is proving elusive.
The increasing volume of activity in the build-up to the 2022 FIFA World Cup has pushed up costs in Qatar, says study.
The Dubai-based port operator made a profit of $247 million in the first half of the year.
The Kingdom’s own oil company responds to worsening revenue in the Gulf with new stations.
Exclusive: The managing director of the successful chain is joining the InterContinental Hotels Group.
Finance ministers of the G7 nations said that the West was ready to tap oil reserves to offset rising prices.