Today’s top business and economy news from the Middle East and North Africa: Abu Dhabi posts fastest economic growth in 2011 Data released by the Abu Dhabi government showed on Sunday the capital city’s economy grew 6.8% in inflation-adjusted terms last year,...
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 and economy news from the Middle East and North Africa: UAE tops Arab capital outflow; Saudi leads regional FDI The UAE remained in the top position as the largest Arab capital exporter, investing nearly $57.8 billion in global...
Today’s top business and economy news from the Middle East and North Africa: Fujairah oil port to become fully operational by year end The Abu-Dhabi – Fujairah pipeline, bypassing the Strait of Hormuz, is expected to be fully operational by the...
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 and economy news from the Middle East and North Africa: Abu Dhabi included in the Global Cities list The fifth edition of Cities of Opportunity released by Price Waterhouse Cooper and the Partnership for New York City has...
Today’s top business news from the Middle East and North Africa: Oman announces desalination plants worth $400m An Omani government official announced on Thursday there are plans in place to build three desalination plants at a cost of about $400 million...
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...
Today’s top business and economy news from the Middle East and North Africa: Top UAE banker says Islamic finance ethical model for global banking A top UAE banker said on Sunday Islamic finance can be an ethical and sustainable business model...
Today’s top business and economy news from the Middle East and North Africa: UAE bank giants lead China expansion march Two of the UAE's largest banks are leading an expansion drive into China as trade between the two countries continues its...
Today’s top business news from the Middle East and North Africa: Saudi king orders work on grand Medina mosque project Saudi state news agency reported on Tuesday King Abdullah has ordered the launch of a huge expansion project for the Prophet...
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...
A look at today’s important financial news and business updates from the Middle East region: 4 GCC states among top 10 world millionaire household countries Four GCC countries have been ranked in the top 10 worldwide list of millionaire households, reflecting...
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...
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,...
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...
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...
Today’s top business news from the Middle East and North Africa: Etihad announces partnership with Air France-KLM Rapidly expanding UAE flag carrier Etihad Airways says it has struck a deal with Air France-KLM to market some of each other’s flights as...
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...
UAE VOWS TO PROTECT CONSUMERS FROM COKE, PEPSI PRICE VIOLATIONS Hashem Nuaimi, head of Consumer Protection Department the Ministry of Economy, vowed to pull Coca-Cola and Pepsi cans off the shelves as both beverage companies violated consumer protection rules. "Pepsi...
Today’s top business news from the Middle East and North Africa: Qatar, Egypt to boost energy cooperation; sign refinery deal Qatar announced it will go ahead with its strategic investments in Egypt to help the country get past the economic turbulence...
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 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 Middle East and North Africa region: Oman Air posts record 28% revenue rise in 2012 Oman Air announced on Monday its passenger revenue...
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...
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...
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: UAE, GCC economy to witness robust growth despite geopolitical challenges The UAE will...
Today’s top business news from the Middle East and North Africa: Dubai state firm to take over troubled Zabeel – report A report published by Reuters said on Thursday state-owned property firm Dubai Real Estate Corp (DREC) has taken over management...
A look at today’s important financial news and business updates from the Middle East region: ILO warns of worsening Arab youth unemployment ‘crisis’ More than a quarter of young people in the Middle East and North Africa region are unemployed, according...
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...