A look at today’s important financial news and business updates from the Middle East region: Investors show strong interest in Dubai’s Sukuk bonds The Government of Dubai announced on Thursday it would be raising $1.25 billion in two 5 and 10...
The National's headline says 'Poor quality education failing our children' as top ministry adviser has called for reforms. The paper quoted Dr. Abdulla Al Amiri, adviser to the Minister of Education, as saying that public school system with no...
Dubai Maintains Position as Middle East’s Automotive Hub Dubai continues to maintain its position as the Middle East’s automotive hub, following the extremely successful Commercial Vehicles Middle East (CVME) exhibition this month. Click here to read in detail. Water guzzling GCC...
A look at today's important financial news and business updates from the Middle East region: Etihad Rail delegation returns from Europe after reviewing security standards A delegation of Etihad Rail, the developer and operator of the UAE’s railway network, has returned...
Today's Khaleej Times has reported the bonanza announcement made by the Dubai government that is set to add more comfort to the lives of Emirati nationals. According to the announcement by Sheikh Mohammad, Vice President of UAE and the ruler...
A look at today's financial news and business updates from the Middle East region Dubai tops Middle Eastern financial centres index The UAE’s financial centres have improved their economic standing but still lag behind in the list of global economic hubs....
Today’s top business and economy news from the Middle East and North Africa: UAE top Middle East country in terms of starting business The UAE has been ranked as the top Arab country and 22nd globally in terms of starting a...
Middle East Business News Review - A look at today’s important financial news and business updates from the Gulf, Levant and North Africa: Istithmar to turn Queen Elizabeth II ship into luxury hotel DP World Chairman Sultan Ahmed Bin Sulayem on...
Today’s top business news from the Middle East and North Africa: Etihad Airways eyeing opportunities in India, Asia Etihad Airways, which has been aggressively expanding on a global level through stake purchases in firms like Air Berlin and Virgin Australia, announced...
Middle East Business News Review – A look at today’s important financial news and business updates from the Middle East and North Africa HRW expresses concerns on Nepal women Gulf work ban The government of Nepal has imposed a ban on...
Etihad, UAE's national flag carrier, is tipped on taking a stake in Air Berlin, Germany's second-biggest carrier. German media is rife with reports that Etihad is eyeing a minority stake in shape of a capital increase. Speculations helped Air...
Qatar Airways and Airbus patched up their differences to seal a dramatic deal that confirmed the order for five A380 super jumbos and 50 A320neos along with another 30 options. Insiders said the deal stalled on the third day...
Today’s top business news from the Middle East and North Africa: Dubai 1000MW solar power park to be completed by 2030 Dubai’s electricity and water authority (DEWA) announced on Tuesday the emirate is working on the Sheikh Mohammed bin Rashid Al...
Middle East Business News Review – A look at today’s important financial news and business updates from the Middle East and North Africa UAE, Australia ink nuclear cooperation agreement The UAE and Australia have signed a pact to work together on...
A look at today’s important financial news and business updates from the Middle East region: UAE facing fuel subsidies dilemma The UAE government has setup a top-level body to review state fuel subsidies amid calls by national retailers not to further...
Etihad Airways has announced it has ordered two more Airbus A330-200 cargo planes worth $423 million with an aim to double the size of its Airbus A330-200F fleet. "We are strongly committed to building our presence in the cargo...
A look at today’s important financial news and business updates from the Middle East region: UAE to introduce new laws banning exotic pet keeping The government of UAE announced on Tuesday it will be taking practical steps, including new legislation, to...
Luxury hotels in Abu Dhabi have expressed concerns about falling profitability amid increased competition as more and more hotels are opening up in the UAE capital. "The price war exists. In some cases you have five-star hotels competing with...
Middle East Business News Review:  Top Business News from the Middle East & North Africa UAE banks gain from European banks’ withdrawal Banks in the United Arab Emirates are filling the gap left by European institutions pulling back from the country’s...
Today’s top business news from the Middle East and North Africa: UAE third most financially literate nation in Middle East – survey The latest Financial Literacy Index on Monday revealed consumers in the United Arab Emirates (UAE) have become more financially prudent over time,...
UAE INVESTMENT COMPANY BAGS OWNERSHIP OF US CHIP MAKER Advanced Technology Investment Company, a hi-tech investment fund owned by Abu Dhabi's Mubadala, has assumed control of Globalfoundaries after buying the remaining minority stake from leading Silicon Valley chip maker Advanced...
A look at today’s important financial news and business updates from the Middle East region: UAE Hormuz bypass pipeline ready, export to start in 3 months The UAE’s Oil Minister Mohammad Al Hamli announced on Thursday the strategic oil pipeline bypassing...
UAE IT SERVICES ONE OF THE MOST EXPENSIVE IN THE WORLD According to a report published by the Telecommunications Regulatory Authority (TRA), the UAE has one of the costliest internet and telephone service in the world despite price cuts during...
According to Reuters, Dubai Investments recorded quarterly losses of AED61.4 million ($16.72 million) when its manufacturing businesses received hit by political uprisings in Libya and Syria last year. The conglomerate recorded a profit to the tune of AED117.4 million...
The killing of Al Qaeda in Yemen leader in a US drone attack is a big talking point in today's newspapers. Khaleej Times reported the air raid caused a double blow to Al-Qaeda as both Anwar Al-Awlaki, an American-born radical...
UAE's Al Khaleej newspaper cited a senior central bank official as saying that interest rates on credit cards will be getting a cap at 18% very soon in a bid to curb bad loans. The paper also added that...
Middle East Business News Review – A look at today’s important financial news and business updates from the Gulf, Levant and North Africa: Cathay heals Airbus’ Etihad cancellation heartbreak with $4.2bn order Cathay Pacific announced on Tuesday it planned to place...
The UAE cabinet, chaired by Shaikh Mohammad Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and ruler of Dubai, has approved plans that allow companies from across the GCC to open branches in the country...
The People's Bank of China announced it has signed a currency swap agreement worth AED20 billion ($5.54bn) with the UAE, during Chinese Premier Wen Jiabao's visit to Dubai. The statement added that the three years-long deal would boost two-way...
Middle East Business News Review - A look at today’s important financial news and business updates from the Middle East and North Africa region: Kuwait court dissolves newly elected parliament day after suspension Kuwait’s constitutional court ruled on Wednesday the country’s...