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...
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,...
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...
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 region: Kuwait court dissolves newly elected parliament day after suspension Kuwait’s constitutional court ruled on Wednesday the country’s...
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...
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...
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...
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...
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...
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...
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)...
  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 - 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 Middle East and North Africa Abu Dhabi top Middle East city to live in The ‘Top Cities of the Middle East’ survey, recently...
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...
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 Gulf, Levant and North Africa: Booming LNG income triples Qatar budget surplus Qatar’s booming revenues from liquefied natural gas more than tripled budget...
The front pages of today's UAE newspapers have published mixed stories ranging from national to international issues. Khaleej Times reported the government is mulling new welfare plans for expats and an unemployment insurance scheme for UAE nationals. The announcement comes...
A photograph of the President Sheikh Khalifa bin Zayed Al Nahyan receiving rulers as well as top ranking officials of the UAE features on the main pages of Khaleej Times as well as Gulf News. The National, however, has...
A look at today’s important financial news and business updates from the Middle East region: International VoIP calls in UAE soon, says Etisalat executive UAE telecoms operator Etisalat announced it will offer Internet-based phone calls by the end of the second...
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...
Middle East Business News Review – A look at today’s important financial news and business updates from the Gulf, Levant and North Africa: Ras Al Khaimah retail economy growing despite tough competition Retailers in Ras Al Khaimah (RAK) are hoping for...
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...
Etisalat and du, UAE's telecom companies, were swamped with customers today when they launched Apple's new iPhone 4S mobile phone in sync with Apple's official launch in the UAE. Both companies reported they ran out of black models by...
According to the Scotsman, Scotland's First Minister Alex Salmond is expected to sign a deal with Masdar, Abu Dhabi's green city project at the sidelines of World Energy Future Summit in the UAE capital later this month. The agreement...
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...