Chinese firm Chinamex is building a multi-million-dinar Chinese-themed retail shopping mall in Manama.
Aabar said that it had only raised its stake in Arabtec to 20.7 per cent and not 53 per cent as previously reported.
High oil prices “pose a real threat to the economic recovery” says the International Energy Agency.
The Dhs150 million project will replace the existing zoo and will also include a butterfly park and golf courses.
Abu Dhabi Islamic Bank reported that revenues rose 7.3 per cent to reach Dhs874.8 million during the period.
The Dubai investment conglomerate recorded a revenue drop of three per cent during the period.
The airport is increasing passenger capacity from 250,000 to two million in the next 12 to 18 months.
Average food and beverage prices rose sharply during the period, according to official statistics.
Qatar Investment Authority has reportedly acquired between three to five per cent of oil major Royal Dutch Shell.
Qatar has reportedly mandated five banks to help arrange a new sovereign Islamic bond.
The oil producing group said that crude oil supply was in excess of market requirements.
The emirate is planning a massive advertising campaign in New York’s Times Square to attract more US visitors.
The airline said that despite an increase in revenue, its profit was hit by rising fuel costs and unrest in the region.
The Japanese car manufacturer reported that its net profit for the year to March reached $3.5 billion.
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.
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.
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.
The Kuwaiti telecoms operator made a net profit of $255 million during the first quarter of this year.
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 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.
Cosmetics and perfume shops in the Kingdom will only be allowed to employ women staff from June 30.
UK defence firm BAE is close to signing a deal to sell up to 30 Hawk aircraft to Saudi Arabia, according to reports.