QTel repays $3bn loan facility Qatar Telecom (Qtel) said in a bourse statement on Thursday it has repaid a $3 billion loan facility using existing funds. According to Thomson Reuters data, bookrunners Barclays, BNP Paribas, DBS and RBS facilitated the five-year syndicated term loan...
Qatar global GDP share to almost double by 2030 Qatar’s economic diversification aided by hydrocarbon revenue will help increase its share of global GDP at market exchange rates to 0.4% in 2030, almost double the 2010 level, the Economist Intelligence...
Enoc joining hands with Saudi fuel retailer to open outlets in kingdom Emirates National Oil Co (Enoc) announced on Tuesday it is joining hands with Saudi fuel retailer Aldrees to build at least 40 service stations in the kingdom. The...
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...
UAE non-oil foreign trade soars in 2011 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...
British investors spent AED2.5 billion on Dubai property Dubai continued to attract more and more investors from the United Kingdom with Brits being ranked third on a list of popular foreign investors in Dubai, a report said on Thursday. Investor confidence...
  Middle East Business News Review:  Top Business News from the Middle East & North Africa Middle East investment lifts top European clubs to new heights Investment from the Middle East is matching record levels of revenue in European football, a report...
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...
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...
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...
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...
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 Middle East and North Africa UAE’s gold ATMs used for $7m transactions by investors, tourists Gold vending machines were used by tourists and...
Middle East Business News Review – A look at today’s important financial news and business updates from the Middle East and North Africa Pilgrims complain Makkah hotels Ramadan price hike Hotels and furnished apartments near the Grand Mosque in Makkah are...
Middle East Business News Review – A look at today’s important financial news and business updates from the Middle East and North Africa GCC to emerge as solar energy hub in near future Solar energy will dominate the upcoming renewable energy...
Middle East Business News Review – A look at today’s important financial news and business updates from the Middle East and North Africa Bahrain airlines’ merger on horizon Bahrain Air, the Gulf kingdom’s private carrier, is engaged in “serious” talks with...
Middle East Business News Review – A look at today’s important financial news and business updates from the Middle East and North Africa Qatar more expensive to build than the UK – report Despite a fall in construction costs over the...
Middle East Business News Review – A look at today’s important financial news and business updates from the Middle East and North Africa UAE firms output growth slow in July Business activity in the United Arab Emirates’ non-oil private sector edged...
Middle East Business News Review – A look at today’s important financial news and business updates from the Middle East and North Africa Dubai diamond trade hits $39bn in 2011, up 12% The total value of Dubai’s diamond trade, including rough...
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...
Middle East Business News Review – A look at today’s important financial news and business updates from the Middle East and North Africa Global economic slowdown may still lead to oil price rise – report Global economic slowdown and a negative...
Middle East Business News Review – A look at today’s important financial news and business updates from the Middle East and North Africa Dubai International Airport posts busiest ever first half traffic Dubai International recorded its busiest first half in its...
Middle East Business News Review – A look at today’s important financial news and business updates from the Middle East and North Africa Etihad Rail gears up Stage 2 of UAE national railway network Etihad Rail, the master developer and operator...
Middle East Business News Review – A look at today’s important financial news and business updates from the Middle East and North Africa Qantas seeking Emirates ‘lifeline’ – report Australian flag carrier Qantas said on Thursday it is holding talks with...
Middle East Business News Review – A look at today’s important financial news and business updates from the Middle East and North Africa UAE Middle East M&a leader – report The UAE, which has leapt six places to 20th in the...
Middle East Business News Review – A look at today’s important financial news and business updates from the Middle East and North Africa Dubai leads Middle East hotel industry June performance The Middle East North Africa region posted a positive performance...
Middle East Business News Review – A look at today’s important financial news and business updates from the Middle East and North Africa Abu Dhabi top Middle East city to live in The ‘Top Cities of the Middle East’ survey, recently...
Middle East Business News Review – A look at today’s important financial news and business updates from the Middle East and North Africa MasterCard Index survey reveals UAE consumer confidence highest since 2009 Consumers in the UAE are very optimistic in...
Middle East Business News Review – A look at today’s important financial news and business updates from the Middle East and North Africa ENEC to construct nuclear power reactors near Abu Dhabi UAE’s nuclear regulator has given green signal to the...
Middle East Business News Review – A look at today’s important financial news and business updates from the Gulf, Levant and North Africa: FIFA names investigators to probe Qatar World Cup FIFA named independent ethics investigators to look into allegations of...
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...
Fujairah oil terminal ships first UAE oil amid Iranian threats of Strait closure The United Arab Emirates loaded its first cargo on Sunday from its multi-million dollar new oil export terminal on the Gulf of Oman, amid threats made by some...
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...
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...
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...
Middle East Business News Review – A look at today’s important financial news and business updates from the Gulf, Levant and North Africa: Booming LNG income triples Qatar budget surplus Qatar’s booming revenues from liquefied natural gas more than tripled budget...
Middle East Business News Review – A look at today’s important financial news and business updates from the Gulf, Levant and North Africa: Ras Al Khaimah retail economy growing despite tough competition Retailers in Ras Al Khaimah (RAK) are hoping for...
Middle East Business News Review – A look at today’s important financial news and business updates from the Gulf, Levant and North Africa: Shard opened by Qatari PM, Duke of York Europe’s tallest building has been officially unveiled in central London...
Middle East Business News Review – A look at today’s important financial news and business updates from the Gulf, Levant and North Africa: UAE, Qatar rank among top 50 Global Innovation Index countries Qatar and The United Arab Emirates are leading...
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...