The sultanate has the potential to top the GDP rankings for the region, bettering its wealthy neighbours.
The Dubai-based developer’s first-quarter revenue rose 159 per cent to Dhs1.35 billion in the first quarter of the year.
The loan will be partly guaranteed by the Dubai government, according to sources.
Passenger demand in the region grew 16 per cent year-on-year in April, according to the IATA.
Abu Dhabi Islamic Bank’s UK branch, located in an upscale development, hopes to target wealthy Gulf clients in Britain.
Crude oil prices dropped to nearly $100 per barrel fueled by fears about the Eurozone crisis.
The social networking site has opened an office in Dubai to try and boost advertising revenues from the region.
Taco Bell is to join KFC and Pizza Hut as a recognised restaurant brand in the Middle East, says CEO.
Five management staff from the Villagio Shopping Mall have been detained over the incident that killed 19 people.
Kuwait’s Global Investment House saw its net loss narrow to $39.3 million in the first quarter of 2012.
The Facebook CEO has lost $1.5 billion in the last five days, losing his spot among the world’s 40 richest people.
A day after a shopping mall blaze killed 19 people, two more fires have broken out in the country.
The Kingdom has warned its citizens not to travel to Yemen due to increasing insecurity in the country.
Price of crude oil has dropped on Eurozone debt worries and likelihood of Greece leaving the currency.
The five-year plan will fund the expansion of the Saudi Arabian dairy company and boost its product innovation.
The Gulf airline may refinance a $550 million sukuk, though repayment in cash is still an option.
Improving tourism and strong trade flows helped the emirate’s GDP reach Dhs306.2 billion last year.
The Gulf state reveals its budget for the 2012/2013 fiscal year, estimating a surplus of QAR28 billion.
Committee approves Dhs755 million infrastructure projects in the UAE’s East Coast and UAQ.
Freeing up spectrum for Saudi’s telecoms operators may add $95.5 billion to the economy by 2025, said GSMA.
Ministry officials have not yet determined the cause of the fire and are investigating the incident.
Abu Dhabi oil company signs agreement for EMARAT’s fuel stations across five emirates in the UAE.
The credit card global rewards currency model works for all airlines and covers all routes, the firm said.
Warnings for oil consumption and equities markets amidst growth of deposits and loans from DIFC companies.
Exclusive: Abdul Aziz Al Ghurair blamed a greed culture and a desire for growth for lurching the UAE banks into crisis.
The amount, secured from a unit of Standard Chartered Bank, will be used to buy two new aircraft.
Saudi Arabian Airlines has got approval to list 30 per cent of its catering unit on the Kingdom’s stock exchange.
Survey shows majority of residents are either the same or better off than this time last year.
Residential rents in some areas have fallen to 2005/ 2006 levels, and occupancy levels have reached as low as 30 per cent.
A majority of JAFZA’s stakeholders have consented to the early redemption of the Sukuk, due in November.