Majid Al Futtaim is eyeing the acquisition of Mansour Group’s Metro chain and discount grocery store Kheir Zaman.
The UAE has imported $365 millon worth of Polish products including ceramic and chemical products, machines and mechanical devices, and food products.
Both cash gold and futures sank to around $1,321 on April 16, their lowest in over two years.
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.
Net income spike provided some respite for the company after the much-publicised grounding of its Dreamliner programme.
The Abu Dhabi carrier is approved to buy 27.3 million shares at 754.74 rupees each on a preferential basis.
Eleven Godolphin horses based at Newmarket in southern England tested positive for steroids, including Certify and Opinion Poll.
Record market highs fail to secure emerging market status for GCC economies, leaving regional equity markets inconclusive.
Sometimes companies make very bad decisions, such as the launch of New Coke 25 years ago that quickly fizzled out.
Dubai-based Michael Helou headed up Barclays Capital in the region, the lender’s investment banking arm.
The estimated figure is slightly higher than the $34 billion of total dollar issuance in 2012.
Gold rose $2.72 an ounce to $1,427.86, well below a lifetime high of around $1,920 in 2011.
Where do you rank on the GCC pay scale in comparison to your Western, Asian and Arab peers?
Abu Dhabi-listed Dana Gas has won a bid to develop an offshore block in Egypt’s Nile Delta.
The low-cost carrier will link Juba with Dubai four times a week.
The Gulf Business 2013 Salary Survey found that Asian expatriates earn much lower than their Western and Arab counterparts in the GCC.
The Gulf Business 2013 Salary Survey found that Arab GCC expats earn less than their Western peers but more than their Asian counterparts.
The Gulf Business 2013 Salary Survey found that Western expatriates earn the heftiest pay packages in the GCC.
Brent has lost nearly 10 per cent since the start of April as growth in the United States and China slowed.
The technical outlook for gold has plunged more than 15 per cent so far this year.
Middle East travellers should brace themselves for cancellations and delays from today’s strike by the public services trade union ver.di
Construction of the $1.5 billion condensate refinery is expected to be completed by the second half of 2016.
The company, which employs 40,000 people spread across 40 countries, made a net profit of around $6.59 billion in 2012.
The deal will take V-22 Osprey aircraft, advanced refueling tankers, anti-air defense missiles and 25 F-16 Desert Falcon jets to the region.
Dubai’s new Lamborghini and Ferrari patrol cars are the talk of the town, but they have some competition from elsewhere in the world.
Long-term residency for foreigners would revitalise regional business, writes leadership expert Tommy Weir.
Although shareholders are watching US CEOs more closely, the top executives are still earning huge sums and receive plenty of perks.
High levels of awareness for diabetes exist among GCC nationals, but is that enough?
Consolidation is going to be a key theme for the asset management sector, say experts.