Today’s top business news from the Middle East and North Africa: Dubai hotel occupancies drop during Ramadan; Jeddah, Manama, Amman benefit Occupancies at hotels across Dubai dropped to 69.4% in July, plummeting by 11.1% from the same period in 2011, a...
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: 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: 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...
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: 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...
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...
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 - 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: 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 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: Shard opened by Qatari PM, Duke of York Europe’s tallest building has been officially unveiled in central London...
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...
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...
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: 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: 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...
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...
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...
A spokesperson for Dubai International Capital, on condition of anonymity, announced the investment fund has reached a deal with creditors to renegotiate terms on $2.4 billion worth of debt. DIC is part of Dubai Holding conglomerate, an entity controlled...
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,...
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...
A look at today’s important financial news and business updates from the Middle East region: UAE’s Fujairah all set to become leading maritime refuelling hub The United Arab Emirates will begin pumping oil through a new pipeline in upcoming weeks that...
Today’s top business and economy news from the Middle East and North Africa: Global Ports purchases DP World stake in Far East port DP World, the world’s third-largest port operator, said on Monday it has sold its 25% stake in container...
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 region: Kuwait court dissolves newly elected parliament day after suspension Kuwait’s constitutional court ruled on Wednesday the country’s...
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 Gulf, Levant and North Africa regions of the Middle East: Dubai posts 6.6% foreign trade growth rate in Q1 2012 Dubai posted a...
A look at today’s important financial news and business updates from the Middle East region: Dubai Airports reports 15.4% rise in March passenger traffic Dubai Airports, home to the world’s fastest growing airline Emirates, said passenger traffic registered an increase of...
A look at today’s important financial news and business updates from the Middle East region: UAE one of the top Middle Eastern countries in ‘world competitiveness rankings’ The UAE managed to climb 12 places in the 2012 World Competitiveness Yearbook (WCY)...
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...
  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...
Dnata, the airline services arm of Emirates Group, has acquired a majority stake in Travel Republic, one of the leading British online travel agency firms for an undisclosed sum. The deal marks Dnata's biggest transaction to date and was...
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 Gulf, Levant and North Africa regions of the Middle East: Qatar Telecom interested in $1.9 billion Wataniya stake Qatar Telecom (QTEL) has expressed...
A look at today’s important financial news and business updates from the Middle East region: UAE govt-related firms to repay $30bn debts due in 2012 – IMF The International Monetary Fund (IMF) said in its latest report that around $30 billion...
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...
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...