Prince Alwaleed’s Kingdom Holding Company will retain its stake in the Fairmont San Francisco Hotel.
Bank Nizwa, the country’s first Islamic bank, will be listed on the Muscat Securities Market on June 12.
The forecast for Middle Eastern economies has improved since the start of the year, said ICEAW.
Imported meat ban is lifted as UAE’s Ministry of Environment and Water signs new agreement.
Companies have returned to pre-recession levels of CEO turnover, suggesting outlooks are stronger.
The country is ranked 19th in the World Economic Forum’s Global Enabling Trade Report this year.
Trading shares of Oman International Bank also stopped due to $5.20 million claim.
Investors have accused the company of hiding weakened growth forecasts ahead of its $16 billion IPO.
A new report states that 20 per cent of MENA banks need capital to meet the Basel III banking requirements.
Real estate projects in Qatar are not yet seeing an interest from global investors, say industry experts.
The Gulf state plans to issue the bond in the second or third week of June, a central bank official said.
UAE telecoms operator Etisalat will reduce international call tariffs from the second half of 2012.
The Kingdom’s defence ministry will be buying military aircraft from UK defence company BAE.
The OECD has warned that a worsening of the crisis could have “serious consequences” for the global economy.
Egyptians begin voting to elect their president in a poll believed to be the country’s first independent one.
Mohammad Kamran will head up two of Emirates NBD’s subsidiaries including Capital Limited.
As Cityscape Qatar begins, experts say that despite oversupply in the market, demand is catching up.
The social network eyes regional advertisers as a new source of investment following the firm’s IPO last week.
A new study shows family businesses are investing more in their corporate assets than their personal ones.
Gulf Business takes a look at several Arab-funded football clubs and picks a fantasy team purely of Arabian funding.
Saudi Arabia’s spending is on track as the Kingdom has seen limited impact from the Eurozone fallout.
The Abu Dhabi National Energy Company (TAQA) is studying energy investments in Turkey.
Journalists in the Kingdom have to be accredited by the Saudi Journalists Association, the Cabinet has said.
Tumbling shares wipe billions off Facebook price two days after IPO amid accusations of a poorly constructed listing.
Digital Domain Media Group is opening up an animation and visual effects studio in Abu Dhabi’s twofour54.
The airport retailer has increased the size of its loan facility because of high demand, an official has said.
DIFC Investments close in on a $1 billion dollar loan to refinance an upcoming sukuk maturing in June.
Gulf Business rounds up ten indicators that show that the emirate is back on the growth trajectory.
Four banks have been chosen as advisors for the proposed merger been Aldar and Sorouh, according to sources.
Exclusive: Regional firms must work out exactly what they are before hitting the global stage, says Booz & Co global boss.