The Dubai-based developer announces start of work on Princess Tower, a 26-storey furnished apartment complex in Baghdad.
Average allocations to PE by the region’s developmental wealth funds have increased by 33 per cent in the last 12 months.
The Bank of London and The Middle East plans to open an office in Dubai this year to help boost its capital markets.
Hotels in Ajman, Fujairah and the delayed resort in Abu Dhabi will open alongside new projects in Riyadh and Amman.
US growth remains weak, the European debt crisis is dragging on and instability is affecting the Middle East’s oil supply.
Asian and Middle Eastern markets drive growth in global demand in gold jewellery.
DAMAC filed an international arbitration case against Egypt in 2011 over the conviction of its chairman and owner, Hussain Sajwani.
The new agency, to be called BPG Cohn & Wolfe, is the latest move in the international company’s expansion plans to grow across the region, India and Southeast Asia.
Succession planning is a major challenge affecting many of the region’s family businesses.
With a market value of $11 billion, Asia’s second biggest airline desperately needs growth. Profit slumped nearly 70 per cent in the year to March 2012.
Sugar plant Kenana is mainly owned by the governments of Sudan, Saudi Arabia and Kuwait.
Carlyle raised $500 million in 2007 for its debut fund in the region. The fund now has five companies in its portfolio including Saudi Arabia’s General Lighting Co.
Emirati citizens advised not to travel to the popular Arab country after a demonstration by pro-Assad Syrians in Sidon.
The country is mainly eyeing investments in energy, logistics and infrastructure.
Rakbank suffered a $5 million coordinated heist at ATMs around the world in December while Bank of Muscat lost $40 million in February.
Kurdistan thumbs its nose once more to Federal Iraq in a long-running feud that threatens to boil over
IHG will open its first Staybridge Suites in Beirut in July and a contract should be signed in Dubai “pretty soon”.
Saudi Aramco’s Omar Abdulhamid was appointed as the head of research, the second most senior post at OPEC.
Industry leaders from flydubai, Lufthansa and Boeing discuss the future of low-cost travel at Arabian Travel Market.
The Southeast Asian nation hopes to see a five per cent annual growth in Middle East travellers.
The first property under the new brand is due to open on The Pearl, Qatar in September.
The most important news and announcements from the opening day of the region’s biggest travel event.
The national airline carried a total of 463,999 passengers in the last year.
Citi’s family office unit is part of the private bank business which manages over $250 billion in assets and serves over a third of the world’s billionaires.
Study finds over three-quarters of Muslims in MENA and South Asia want sharia courts to decide family law issues such as divorce and property disputes.
Are you and your organisation ready for the future business environment?
The first day of the third Annual Investment Meeting in Dubai began with a heavy focus on investment in Africa.
Majid Al Futtaim is eyeing the acquisition of Mansour Group’s Metro chain and discount grocery store Kheir Zaman.
Some experts say the GCC suffers from a lack of local halal certification bodies, as buyers opt for European rivals.
The value of mergers & acquisitions in the region rose to $14.6 billion in the first quarter of the year, finds Ernst & Young.