Dubai finance chief said on Monday plans are in place to issue a bond to refinance part of AED6.5 billion ($1.8 billion) of sovereign debt maturing in April 2013. Abdulrahman al-Saleh, Director General of the Dubai Department of Finance, did not...
Monday's UAE papers are quite diverse with their front page news items. Gulf News says Palestine bid is a test for Obama as the US is lobbying support from undecided Security Council members. The paper adds that the US president...
A look at today’s important financial news and business updates from the Middle East region: Global crisis not going to hurt local banking: UAE central bank The UAE central bank announced the country’s banks won’t be adversely impacted by the turmoil...
The non-oil foreign trade sector in United Arab Emirates hit AED1.3 trillion ($350bn) in 2011 compared to AED1.1 trillion ($300bn) in previous year, registering an increase of AED200 billion ($54.54bn) with a growth rate of 18.2%, a report said...
A look at today’s important financial news and business updates from the Middle East region: Dubai economy registered 3.4% growth in 2011 Dubai’s statistics office said on Tuesday the emirate’s economy grew 3.4% in real terms in 2011, thanks to strong...
Saudi Arabia, the oil-rich kingdom home to millions of foreign workers, is finding it hard to enrol tens of thousands of its mostly young population who graduate each year, a report said. Despite being the largest Arab economy, and the...
Middle East Business News Review - A look at today’s important financial news and business updates from the Gulf, Levant and North Africa: Abu Dhabi’s Sowwah Square on the way to emerge as business, shopping hub A New York property developer...
The state of Tunisia’s economy has come under renewed questions after the International Monetary Fund released a damning report in which it expressed its concerns over the internal tensions within the country in the wake of the 2011 uprisings that...
The UAE Space Agency officially launched its social media platforms in line with the country’s 43rdNational Day celebrations. Twitter, Facebook, Instagram and Google + will all be regularly utilised by the Agency to keep followers, fans and members of the...
A purpose-built aerotropolis, named Dubai World Central, is set to host the 2013 version of Dubai Airshow. According to Sheikh Ahmed Al Maktoum, Chairman Dubai Aviation City Corporation, the aviation district covering 6.8 sq. km will provide both landslide...
A look at today’s important financial news and business updates from the Middle East region: UAE ranked among lowest software piracy countries The UAE is the only Arab country ranked among the lowest-piracy countries in the world, the ninth annual global...
A look at today’s important financial news and business updates from the Middle East region: Goldman Sachs, other intl banks to advise on Aldar, Sorouh merger Reports coming from Abu Dhabi on Monday said four international banks have been selected as...
According to the senior trade officials, the flow of goods in the UAE last year hit record high of 25% to the tune of US$272.24 billion. UAE’s undersecretary of the Ministry of Foreign Trade, Abdullah Al Saleh said that in...
Iraqi Kurdistan's crude oil is prized by global oil giants because it is plentiful and easy to get at, rare among undeveloped energy resources. But the companies working there under contracts with the semi-autonomous Kurdistan Regional Government (KRG) are not...
Foreign direct investment (FDI) in Dubai hit AED16.5bn ($4.49bn) during the first six months of 2012, official statistics released on Sunday revealed. According to the foreign investment office in the emirate's Department of Economic Development (DED), 113 companies initiated 115 FDI projects...
The newly sworn Yemeni President will visit Saudi Arabia to meet King Abdullah and thank him for the role he played during the Arab Uprising, a Saudi newspaper reported. He also hoped that Riyadh will keep playing a crucial...