Middle East Business News Review - A look at today’s important financial news and business updates from the Gulf, Levant and North Africa: Istithmar to turn Queen Elizabeth II ship into luxury hotel DP World Chairman Sultan Ahmed Bin Sulayem on...
Middle East Business News Review - A look at today’s important financial news and business updates from the Gulf, Levant and North Africa: Tehran claims US sanctions against Iran to hurt UAE domestic fuel market An Iranian newspaper report claimed US...
Middle East Business News Review - A look at today’s important financial news and business updates from the Gulf, Levant and North Africa: Dubai Drydocks World eyeing Asia joint venture Dubai’s shipbuilder Drydocks World signed an agreement Kuok Group to set...
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...
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...
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...
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 region: UAE seventh on Global Retail Development Index A study released by a global management consultancy firm said...
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...
A look at today’s important financial news and business updates from the Middle East and North Africa region: Dubai Airport Free Zone wins ‘Global Free Zone of the Future’ Award Dubai’s Airport Free Zone (DAFZA) has bagged the Global Free Zone...
A look at today’s important financial news and business updates from the Middle East region: UAE praised for its aviation policies United Arab Emirates’ aviation policies have won praise from an unexpected quarter. In the past, major European, Australian and US-based...
A look at today’s important financial news and business updates from the Middle East region: Dubai top Middle East destination – study The home to the world’s tallest skyscraper is also the Middle East’s top destination this year with 7.9 million...
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...
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...
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...
A look at today’s important financial news and business updates from the Middle East region: Dubai Tourism launches new environment initiative for green tourism The Dubai Department of Tourism and Commerce Marketing (DTCM) has launched a new initiative to improve the...
A look at today’s important financial news and business updates from the Middle East region: Etihad secures 4% stake in Virgin Australia; Eyes further expansion Abu Dhabi’s flagship carrier announced on Tuesday it has acquired a 4% stake in Virgin Australia...
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: Global crisis not going to hurt local banking: UAE central bank The UAE central bank announced the country’s banks won’t be adversely impacted by the turmoil...
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)...
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: 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...
A look at today’s important financial news and business updates from the Middle East region: UAE eyes June opening for pipeline bypassing Hormuz The ruler of Fujairah has told a foreign news agency that the strategic oil pipeline bypassing the Strait...
A look at today’s important financial news and business updates from the Middle East region: Doha 2020 Olympic bid eliminated The chase to host the 2020 Summer Games was cut down to a three horse race between Istanbul, Madrid and Tokyo...
A look at today’s important financial news and business updates from the Middle East region: UAE lifts ban on British beef imports The UAE Ministry of Environment and Water announced on Tuesday it is lifting the ban on the import of...
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...
A look at today’s important financial news and business updates from the Middle East region: Goldman Sachs, other intl banks to advise on Aldar, Sorouh merger Reports coming from Abu Dhabi on Monday said four international banks have been selected as...
A look at today’s important financial news and business updates from the Middle East region: UAE govt announces settlement, restructuring of debts held by Emiratis UAE President Sheikh Khalifa bin Zayed Al Nahyan has ordered the settlement of defaulting personal loans...
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...
A look at today’s important financial news and business updates from the Middle East region: Sanctions on Iran having moderate impact on Dubai economy – official A top Dubai official has said the emirate’s economy has felt only a modest impact...
A look at today’s important financial news and business updates from the Middle East region: UAE ranked among lowest software piracy countries The UAE is the only Arab country ranked among the lowest-piracy countries in the world, the ninth annual global...
A look at today’s important financial news and business updates from the Middle East region: UAE federal bankruptcy law to be ready by year end The UAE Justice Minister Hadef bin Juan al-Dhaheri announced on Monday the government is close to...
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,...
A look at today’s important financial news and business updates from the Middle East region: UAE horses – bred with passion and big money The world-famous horseracing industry of Dubai came to the salvation of a crisis-hit family in Uruguay, all...
A look at today’s important financial news and business updates from the Middle East region: GCC to impose heavy taxes on soft drinks, tobacco products Soft drink addicts would have to pay 50% more for their favourite beverage as authorities in...
A look at today’s important financial news and business updates from the Middle East region: UAE, Saudi promise Korea to plug Iran oil supply gap South Korean Finance and Strategies Minister Bahk Jae-wan said the UAE and Saudi Arabia have vowed...
A look at today’s important financial news and business updates from the Middle East region: Airbus suffers fresh blow as Etihad bows out on Airbus orders Airbus suffered a fresh setback when Etihad cancelled a second batch of orders worth $2.2...
A look at today’s important financial news and business updates from the Middle East region: Saudi-BAE Hawk deal inches closer According to a British newspaper report, BAE Systems is close to sealing a $808 million deal with Saudi Arabia to sell...
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...
A look at today’s important financial news and business updates from the Middle East region: Dubai's Mohammed bin Rashid Al Maktoum Solar Park project gain momentum Dubai's plans to full steam ahead with it's Solar initiatives gained further momentum after Dubai...