The Saudi-based dairy company said that net profits for the first quarter of the year rose 2.9 per cent year-on-year.
The Saudi-based chemical producer is planning to build a technology research and development in Shanghai.
The UAE oil production was reportedly at full capacity because of the rising demand.
Dubai International Capital, the private equity arm of Dubai Holding, has reached a final agreement with creditors for restructuring its debt.
The Kingdom also slashed its crude prices for Europe, as oil demand weakens.
The Bahraini telecoms operator hopes that new acquisitions will bring in revenues to compensate domestic losses.
The daily deals website has been facing increasing criticism from customers and investors across the world.
Only one creditor has not yet accepted the $2.2 billion debt restructuring plan proposed by the Dubai-based shipbuilding unit.
The British defence contractor said that it had signed a contract to build 48 Typhoon aircraft for the Saudi Arabian air force.
A Kuwait man accused of insulting the Prophet Mohammad on Twitter has said that his account was hacked.
The opening up of the Kingdom’s stock market to foreigners will be gradual, Saudi Arabia’s capital market regulator has said.
According to a new survey, 63 per cent of employees in the UAE expect a wage hike in the next 12 months.
The airline is struggling with rising fuel costs and increasing competition in the region.
A majority of the Shoura Council members agreed that imposing an income tax on expatriate workers would be “untenable.”
The move is expected to force all the creditors of the Dubai-based shipbuilding unit to agree to its $2.2 billion debt-restructuring plan.
The UAE-based healthcare provider listed its shares on the London Stock Exchange.
The companies, which failed to report earnings on time, join 12 other firms suspended earlier this year.
Saudi Electricity Company will use the amount, loaned by a group of international banks, to build a power plant in Rabigh.
The emirate’s Department of Economic Development (DED) seized more than 24,000 counterfeit products last year.
The UAE has shut down the Dubai office of the National Democratic Institute, a US-funded pro-democracy group.
The acquisition includes the retail, commercial and corporate banking businesses of Lloyds in the country.
The Kuwait telco also said it would back a subscription by its Saudi affiliate.
Oil edges down as US crude stocks offset Iran fears.
The UAE-founded international ports company has cut its debts.
The bank said that it repaid the five-year Sukuk from its own resources.
The number of beneficiaries has risen by 170 per cent from December 2011.
The Kingdom is planning to spend more than $100 billion to establish 16 nuclear energy plants in the country.
Dubai’s ship building unit will ask its syndicated lenders to sign a lock-up agreement.
Dubai’s Jebel Ali Free Zone is planning to launch a syndicated loan to partly refinance its $2 billion Sukuk maturing in November.
As officials in Dubai complete the study for an expatriate pension scheme, experts say that the move will protect workers and improve the economy.