Dubai's real estate market plummeted around 70 per cent seeing less than 1,700 deals in the first ten months this year compared to the housing market boom in mid-2008. Dubai Department of Land figures showed only 1,603 deals were...
Middle East Business News Review:  Top Business News from the Middle East & North Africa GCC nations have great interest in missile defence systems - Lockheed Martin Saudi Arabia and other Gulf countries have shown interest in buying the most advanced...
A look at today's financial news and business updates from the Middle East region UAE the happiest country in the Middle East – UN report A United Nations report has ranked the UAE as the happiest place in the Arab World. The...
A look at today's financial news and business updates from the Middle East region Abu Dhabi-Dubai rail link to be completed by 2016 An Arabic language UAE newspaper said on Wednesday a multi-billion inter-Emirates rail network project will link the country’s...
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...
A look at today's financial news and business updates from the Middle East region Abu Dhabi sells Tesla stake for $133m profit State-owned power supplier Abu Dhabi National Energy (TAQA) announced it has sold its 7% stake in US electric carmaker...
Middle East Business News Review:  Top Business News from the Middle East & North Africa Rio Tinto, Areva bag $3 billion UAE nuclear contracts The Emirates Nuclear Energy Corporation has awarded fuel supply contracts worth about $3 billion to six international...
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...
Japanese electronics giant Sony suffered another quarterly loss of $2.1 billion for the last quarter of 2011 compared with a profit of $940 million a year earlier. Hammered and beaten down by weak sales and tough competition, Sony anointed...
An Indian Supreme Court ruling has revoked the telecoms licenses of 122 companies, including that of a consortium of Norway's Telenor, Unitech, India's DB group and UAE's Etisalat. "We have been unfairly treated as we simply followed the government...
DUBAI TOURISM FIGURES UP BY 10% According to official figures released by Dubai Department of Tourism and Commerce Marketing (DTCM), the number of tourists visiting Dubai rose by 10% to a total of 9.3 million last year while the number...
Today's Top Business News from the Middle East. Vatican Gulf HQ to stay in Kuwait The Vatican Embassy in Kuwait dismissed reports on Monday that it was relocating headquarters from Kuwait to Bahrain to facilitate the organisation of regional meetings of...