Qatar Airways and Airbus patched up their differences to seal a dramatic deal that confirmed the order for five A380 super jumbos and 50 A320neos along with another 30 options. Insiders said the deal stalled on the third day...
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...
A look at today’s important financial news and business updates from the Middle East region: Investors show strong interest in Dubai’s Sukuk bonds The Government of Dubai announced on Thursday it would be raising $1.25 billion in two 5 and 10...
The two-day World Economic Forum?s Summit on the Global Agenda 2011, held in Abu Dhabi, has been given prominent coverage by the Emirati newspapers. "The UAE's economy is well-positioned to offset the impact of the current economic challenges facing Europe...
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...
Etihad Airways has announced it has ordered two more Airbus A330-200 cargo planes worth $423 million with an aim to double the size of its Airbus A330-200F fleet. "We are strongly committed to building our presence in the cargo...
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...
Today’s top business and economy news from the Middle East and North Africa: UAE top Middle East country in terms of starting business The UAE has been ranked as the top Arab country and 22nd globally in terms of starting a...
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...
A look at today’s important financial news and business updates from the Middle East region: UAE economy minister revises 2012 growth outlook The UAE’s economy minister predicted on Monday the country’s gross domestic product growth would expand at around 3% this...
A look at today’s important financial news and business updates from the Middle East region: Dubai Economic Council forecasts 4 to 5% GDP growth for 2012 Dubai’s Economic Council said the emirate’s GDP will grow by 4 to 5% this year,...
Today's newspapers reflect the regional disturbances in Syria, Libya and Yemen. Gulf News reported signs of civil war in Syria after troops loyal to Baathist regime pounded the rebel-controlled town of Rastan and claimed taking control of it after heaving...
While UAE newspapers are quite diverse with their front page stories, Dubai's technology trade show has managed to capture prominent space. Both Gulf News and Khaleej Times have published snaps of the Gitex Shopper which opened at the Airport Expo...
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...
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...
Dubai launched a AED12 billion ($3.26 billion), 1000 megawatt solar energy project that will be fully funded by the Dubai Supreme Council of Energy, Saeed Al Tayer, vice chairman of the energy body said while speaking to newsmen. He...
A look at today's financial news and business updates from the Middle East region UAE Vice President promises more happiness for citizens The UAE’s vice president and ruler of Dubai has announced ambitious investment plans that will give a boost to...
A look at today’s important financial news and business updates from the Middle East region: UAE Hormuz bypass pipeline ready, export to start in 3 months The UAE’s Oil Minister Mohammad Al Hamli announced on Thursday the strategic oil pipeline bypassing...
Dubai's water and electricity authority (DEWA) said it has managed to grow power capacity by 18% last year amid rising demand in the emirate. The state-run utility company said its capacity increased to 8,718 megawatts (MW) in 2011 in...
BAN ON COKE, PEPSI CANS OVERTURNED BY UAE AUTHORITIES The UAE's Minister of Economy, Sultan Al Mansouri, has intervened in the Coca-Cola/Pepsi vs Department of Economic Development’s Consumer Protection Division affair and has permitted tourist hotels and restaurants to continue...
A look at today’s important financial news and business updates from the Middle East region: Qatargas, Tepco enter long-term LNG accord Qatargas said on Monday it has entered into a new long-term agreement with its largest Japanese LNG buyer, Tokyo Electric...
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...
A look at today's important financial news and business updates from the Middle East region: Dubai eGovernment launches Supply2Dubai official procurement portal Dubai eGovernment, the Department in charge of supervising eTransformation in Dubai, has launched Supply2Dubai, the official Procurement Portal of...
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: 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...
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...
A look at today's financial news and business updates from the Middle East region: UAE minister expresses concern over threats to regional shipping The UAE’s economy minister expressed his concerns over persistent piracy, volatile oil prices and threats to shut down shipping...
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...
Emirati newspapers unanimously carried the statement of UAE Vice President Sheikh Mohammad in which he called on voters to elect good and competent candidates in a civilised and democratic manner. Gulf News called the polls a 'new chapter' in UAE...
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...