The Bahraini lender’s net profit rose seven per cent during the first quarter of the year to reach $57.4 million.
Prince Alwaleed’s upcoming news channel, Al Arab will also be headquartered in Manama.
The Abu Dhabi investment fund said that a majority of its expenditure will relate to its semiconductor unit ATIC.
The GCC region plans to spend $300 billion on aviation in the next decade. But how much is too much?
Trade shows have lined up to provide a platform for trading between the China and Middle East regions.
The construction firm made a net profit of Dhs84.1 million during the first quarter of the year.
Under the agreement, China State Construction develop real estate projects in Abu Dhabi.
Regional advertising spend is expected to pick up in the next few years and reach $5.95 billion by 2015.
Five international hotel brands are planning to hire almost 50,000 staff in the region over the next three to five years.
Etihad Rail and DP World have signed an agreement to develop an intermodal rail terminal in Jebel Ali Port.
The Saudi billionaire is looking for returns of 20 to 25 per cent from the investments, he told a German paper.
Dubai Financial Market (DFM) recorded revenues of Dhs69.1 million during the first quarter of the year.
Saudi also has 80 million oil barrels in storage for sudden need, the Kingdom’s oil minister Ali al-Naimi said.
The Kuwaiti telecoms operator made a net profit of $255 million during the first quarter of this year.
UAE’s luxury watch retailer Ahmed Seddiqi & Sons has acquired Abu Dhabi-based jewellery chain, Al Manara.
The Gulf carrier reduced its Airbus A350 order, cancelling aircraft worth $2.3 billion at current list prices.
Hotels in the Saudi Arabian city saw average occupancy rates of 81 per cent during the month.
The Gulf states have assured South Korea that they will make-up for any shortfall of oil supply from Iran.
The UAE’s main property developers posted gains in Q1 2012. But are we really out of the woods?
The international hotel operator is planning to add 13,000 new rooms to the region by 2017.
Dubai-based Shuaa Capital reduced losses by 67 per cent year-on-year in the first quarter of the year.
The low cost carrier recorded a net profit of Dhs49.2 million during the first quarter of the year.
The Dubai-based airline bagged four awards at the Business Traveller Middle East (BTME) Awards 2012.
Dubai’s Mall of the Emirates will host Prada’s third biggest store worldwide and American pancake house IHOP.
An Arabtec consortium is in final talks for a $3 billion contract to expand Abu Dhabi’s international airport.
The airport is increasing measures to cater to the rising number of visitors from the Gulf.
The capital raised in Q1 2012 was almost four times higher than Q1 2011, but 63 per cent lower than Q4 2011.
Alicia Buller has breakfast with clinical psychologist and creator of THE 99 comic, Dr. Naif Al Mutawa.
Gulf Business rounds up the region’s top performing banks last year based on their assets values.
The Omani telecoms company reported a net profit of $75.58 million during the first quarter of the year.