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...
Middle East Business News Review - A look at today’s important financial news and business updates from the Gulf, Levant and North Africa regions of the Middle East: Dubai posts 6.6% foreign trade growth rate in Q1 2012 Dubai posted a...
Today’s top business news from the Middle East and North Africa: Dubai to refinance maturing debt by issuing bonds 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...
UAE central bank directs lenders to reconsider Emiratis’ loans Lenders in the UAE have been directed by the country’s central bank to help reduce the debt burden of Emirati nationals. Some bankers are suggesting banks to write off certain personal...
A look at today’s important financial news and business updates from the Middle East and North Africa region: Dubai Airport Free Zone wins ‘Global Free Zone of the Future’ Award Dubai’s Airport Free Zone (DAFZA) has bagged the Global Free Zone...
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...
PEPSICO, COCA-COLA MIGHT LAND INTO FURTHER TROUBLE FROM CONSUMER RIGHTS WATCHDOG Soft drinks giants Pepsi and Coca Cola fear they could be forced to change the packaging of their cans to avoid further violation of the Department of Economic Development's...
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...
The massive earthquake in Turkey has grabbed headlines of today's newspapers. Khaleej Times said as many as 1,000 people are feared dead when a powerful earthquake measuring 7.2 on Richter scale hit the scenic city of Van and surrounding districts...
UAE government Wednesday announced setting up a AED10bn ($2.7bn) debt fund to pay off loans of low-income citizens and increase salaries of some state employed nationals. The state news agency WAM said UAE President Sheikh Khalifa bin Zayed Al...
According to a report released by the Dubai Economic Council, Dubai's GDP is set to grow 4.1% in the first quarter this year. The Dubai Economic Outlook 2011 suggested GDP growth is likely to suffer later during the year...
A look at today’s financial news and business updates from the Middle East region: Dubai shows impressive performance in The Wealth Report 2012 Dubai found a place amongst world’s fastest growing cities in importance for high net worth individuals (HNWIs). For quality...
The front pages of today's UAE newspapers have published mixed stories ranging from national to international issues. Khaleej Times reported the government is mulling new welfare plans for expats and an unemployment insurance scheme for UAE nationals. The announcement comes...
Today's newspapers have discussed the global riots against the elite in great detail. "The 99% cry for change" Khaleej News' main headline declared along with a large photograph of a half naked protestor hurling a tear gas canister towards police...
UAE oil reserves to drop by 5.8bn barrels in next 4 years Increased production is set to bring decline to the UAE's proven oil and gas reserves over the next few years, a recent report revealed. Click here to read more. Emirates’ executive...
Middle East Business News Review – A look at today’s important financial news and business updates from the Gulf, Levant and North Africa: Saudi, UAE top world cosmetics markets Gulf nations, particularly Saudi Arabia and the UAE, are home to the...
Dubai's property giant Emaar announced it registered a 161% increase in Q4 profits to the tune of $195m while posting an overall net operating profit of $560m and annual revenue of $2.209 billion during last year. ?The robust financial...
Fajr Capital buys Dubai International Capital’s $300m MENA infrastructure fund stake Dubai International Capital (DIC), the private equity arm of Dubai Holding has sold its stake in a $300 million Middle East North Africa infrastructure fund to Islamic investment firm...
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...
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...
Today’s top business and economy news from the Middle East and North Africa: UAE invests $200 million in Azerbaijan projects The UAE Deputy Economy Minister Mohammed Ahmed Bin Abdul Aziz Al Shihhi said during a joint business forum in Baku on...
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...
A look at today’s important financial news and business updates from the Middle East region: Dubai govt. direct debt registers significant drop A Dubai government’s bond prospectus suggested its direct debt dipped 1.6% at the end of March from May last...
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...
Middle East Business News Review – A look at today’s important financial news and business updates from the Gulf, Levant and North Africa: Turkish hotel chain unveils Middle East, including UAE, expansion plans  Turkish luxury hotel chain Rixos unveiled plans to...
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...
The Department of Economic Development has allowed retailers of 50 shopping malls and 6,000 outlets to remain open from 10am to midnight during the Dubai Shopping Festival (DSF). "Retailers are automatically able to extend their working hours during the...
The front pages of today's Khaleej Times and Gulf News are dominated by a picture of former US President George W. Bush and current US President Barack Obama standing with their wives at the memorial at Ground Zero for...
The government of the UAE has announced it will pay off debts worth AED2 billion ($544.5 million) owed by Emirati nationals. According to state news agency WAM, President of the UAE, Sheikh Khalifa bin Zayed Al Nahayan, issued a...
Middle East Business News Review – A look at today’s important financial news and business updates from the Gulf, Levant and North Africa: Oman June oil output drops 4.1% Oman’s crude oil and derivatives production dropped 4.1% in June this year...