Qatar and the UAE feature on the list of the world’s richest nations as measured by GDP per capita.
We now know why but need to determine how, says Hannes Reinisch, senior manager for renewable energy and sustainability, PwC.
Triple digit oil has encouraged development of U.S. shale oil in North Dakota and Texas, some of which is the most costly in the world.
Lloyds also said on Wednesday that it would close its business in Dubai and intended to withdraw from South Africa.
The new four-year deal promotes the Dubai-based carrier to main shirt sponsor of the club from the 2013/14 season.
The MasterCard Cities Index report showed the UAE’s capital has a growth rate of 16.1 per cent in relation to visitor numbers.
Canadian Foreign Affairs Minister John Baird confirmed the news in Ottawa.
While 17 per cent of regional CEOs are more confident than their global counterparts, they are seven per cent less sure than last year.
The market for old Apple computers is heating up, with prices steadily increasing.
The dollar index was up 0.2 per cent, while European stocks gained 1.2 per cent.
Resumption of services after two years will benefit passengers with connections within the GCC, Indian Subcontinent, Far East and West Asia
The UK’s new residency criteria could have major consequences for some expats, says James Thomas, regional director at Acuma Independent Financial Advice.
Gold is still down nearly 17 per cent this year after last month’s rout pushed prices down to $1,321.35.
The fund raised its exposure limit on Chinese equities to $500 million from $200 million in the third quarter.
The quake occurred about 135 miles (217 km) from the Yemeni mainland at a depth of six miles (10 km) in the Arabian Sea.
UAE’s Etisalat has reportedly offered a higher price than rival Qatari bidder Ooredoo for Vivendi’s 53 per cent stake in Maroc Telecom.
Qatar last month proposed that the organization leave Montreal due to its cold winters and distance from Europe and Asia.
Impressive figures from BMW, Audi, Volkswagen and Rolls-Royce indicate the region’s economy is purring along nicely.
The world’s second-largest telecom equipment maker also expects Middle East telecom operators to prioritise improving network efficiency.
The Canadian visa waiver announced earlier this year has still not come into effect, confirmed embassies.
QPI will contribute specifically to the French company’s Moho North oil project.
Qatar Holding, along with Azerbaijan’s SOFAZ and Norges Bank Investment Management, invested $479-639 million each in VTB.
Majid Al Futtaim Hypermarkets operates 50 hypermarkets and 44 supermarkets under the Carrefour name.
Ministers in the region are deliberating a 100 per cent increase in duty on tobacco products.
Regional online advertising spend is growing at a rate of around 25-30 per cent every year.
The country’s mission in Libya was targeted by a car bomb in April.
E-commerce spends across the Arab World grew 45 per cent to $15 billion last year.
The order, which will bring Oman Air’s A330 fleet to a total of 10 aircraft, is thought to be worth around $720 million.
The U.S. Secretary of State met Oman’s defence minister in the Sultanate on Wednesday to oversee the $2.1 billion deal.
Sheikh Mansour-owned City will be the majority partner in New York City Football Club along with the biggest name in baseball, the Yankees.