Dubai’s index closed 7.3 per cent lower at 3,084 points, a one-year low, while Abu Dhabi’s benchmark ended 6.9 per cent lower on Tuesday.
GCC states should rein in state spending, but in a gradual way to avoid hurting economic growth.
The collision is at least the second such recent incident involving vessels passing through the Suez Canal.
The majority of CFOs in the UAE reported a rise in optimism despite political turmoil in the region, a new survey says.
Interpol this month issued a Red Notice alert for Sheikh Youssef al-Qaradawi in connection with several alleged offences including murder, arson, vandalism and theft.
Dana warned that the Kurdistan’s government could face sanctions if the autonomous region failed to pay the money to its consortium.
A quarter of organisations in the region have no women leaders in their 100 most senior roles, a survey by Mercer found.
Dubai’s gauge wiped out this year’s advances as oil prices plummeted to the lowest level since July 2009.
The latest addition will see Al Ghurair’s retail presence in the region increase to 90 shops from the 60 it currently operates in the UAE, Kuwait and Qatar.
Hazim Sharif steered clear of specific political references in interviews after his victory, which was broadcast to millions of viewers across the Middle East.
UAE minister of energy ruled out a cut in OPEC’s production or an emergency meeting soon to stabilise the falling oil prices.
OPEC Secretary-General said that Gulf countries should continue to invest in oil exploration despite the decline in oil prices.
The burden of supporting Syria’s displaced citizens has dampened business and investor confidence in Lebanon.
Although opportunities are abound, many entrepreneurs underestimate the challenges of starting up online.
Widely seen as a failed state, Yemen remains one of the gravest threats to stability in the Gulf and beyond.
As oil plunges, the region is dividing into three classe in investors’ eyes with Kuwait and Qatar emerging as the strongest.
OPEC forecast demand for the group’s oil will drop to 28.92 million barrels per day (bpd) in 2015, down 280,000 bpd from its previous expectation.
Differences still exist between the six GCC states over issues relating to Egypt, Libya and Iran.
The police force, which will be known as GCC-POL, and the naval force will help the Gulf states to counter risks posed by terrorist militant groups in the region.
The program allows investors to purchase government-approved real estate (min $400,000) in return for citizenship.
Sheikh Sabah said that one of the ways to encounter the oil price slide was greater economic integration within the GCC.
The main Dubai index drop almost neared its July low as panicky retail investors began selling off.
Brent crude oil fell more than $2 a barrel on Monday to a new five-year low.
The British Embassy in Cairo closed to the public on Sunday, also citing security concerns.
European manufacturer’s ACJ330 Summit targets governments and VIPs
The group is opening three new hotels in the Iraqi city of Erbil and a new hotel in Saudi Arabia, its chief executive said.
Islamic lenders need to improve their efficiency and increase penetration in predominantly Muslim markets to be big players in global trade finance.
Houthi fighters, friendly with Iran, took over the capital Sanaa in September.
Brent crude was up 0.3 per cent at $70.10 a barrel at 0840 GMT.
Half of all long-haul flights are affected as group unveils details of low-cost long-haul division