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...
Today’s top business news from the Middle East and North Africa: Dubai to build its first 'eco-mosque' Al Arif Contracting has been awarded the contract for the construction and maintenance of the UAE’s first eco-friendly mosque, and what will also be...
Today’s top business news from the Middle East and North Africa: Dubai introduces rewards system for safe drivers Dubai Police announced they have started a white points system to encourage motorists to follow traffic rules and help cancel black points, local...
Today’s top business news from the Middle East and North Africa: Economy to grow faster than IMF forecast: UAE Central Bank The Central Bank of the United Arab Emirates said the federation’s economy has shown “sustained resilience” and is likely to...
Today’s top business news from the Middle East and North Africa: Abraaj joins hand with US govt to launch $400m Middle East private equity fund Abraaj Capital, a leading Middle East private equity firm, announced it is going to set up a...
Today’s top business news from the Middle East and North Africa: UAE energy consumption 225% more than Europe Commercial and residential properties in the United Arab Emirates are using 225% more energy than their European counterparts, recently revealed figures suggested. “In fact,...
Today’s top business news from the Middle East and North Africa: Dubai’s posts record H1 trade figures Dubai’s non-oil foreign trade hit a record AED602 billion ($163.9 bn) during the first half of 2012, registering a 12% increase compared to the same period...
Today’s top business news from the Middle East and North Africa: Dubai Airport July passenger traffic registers 6% increase Dubai International Airport’s passenger traffic increased 6% from a year earlier in July, with monthly traffic surpassing 5 million passengers for the first...
Today's top business news from the Middle East and North Africa: GCC integration plan needs more discussion – statement A plan to integrate six Gulf countries as proposed by Saudi Arabia last year in response to Middle East turmoil needed more...
Ageing population boosting demand for UAE Islamic savings products Sharia compliance is the key factor driving savings decisions by United Arab Emirates nationals, where an ageing population is expected to boost demand for Islamic savings products, a top Dubai-based National...
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...