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...
Hyundai’s engineering arm scoops $1.5bn Saudi alumina project  Seoul based Hyundai Engineering & Construction has won the $1.5 billion construction contract for an alumina refinery, part of the multi-billion dollar project to develop a fully integrated aluminium complex in Ras...
Middle East Business News Review – A look at today’s important financial news and business updates from the Middle East and North Africa Qatar more expensive to build than the UK – report Despite a fall in construction costs over the...
Middle East benefitting from Asian high-sulphur gasoil demand Refiners in the Middle East are using high-sulphur gasoil to create an environmentally friendly fuel in order to feed the demand for cleaner and cheaper alternatives to petro-carbons. Click here to read...
Middle East Business News Review - A look at today’s important financial news and business updates from the Gulf, Levant and North Africa: Abu Dhabi’s Sowwah Square on the way to emerge as business, shopping hub A New York property developer...
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...
International Energy Agency has warned that oil prices could hit the $150 barrier if Middle East and North Africa countries stop investing in oil production. "If between 2011 and 2015 investment in the MENA region runs one-third lower than...
Dubai's stock exchange slumped to more than seven-year low Sunday while the Abu Dhabi Securities Exchange (ADX) fell more than three-week low, local Gulf News reported. The Dubai Financial Market (DFM) General Index was down 0.99 per cent to...
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 financial news and business updates from the Middle East region: UAE allocates $43.38m for eGovernment transformation A top UAE official announced the government has allocated AED159.36m ($43.38m) for Emirates eGovernment between 2012-2014 as part of a major...
UAE non-oil foreign trade soars in 2011 The non-oil foreign trade sector in United Arab Emirates hit AED1.3 trillion ($350bn) in 2011 compared to AED1.1 trillion ($300bn) in previous year, registering an increase of AED200 billion ($54.54bn) with a growth...
Middle East Business News Review – A look at today’s important financial news and business updates from the Middle East and North Africa UAE’s gold ATMs used for $7m transactions by investors, tourists Gold vending machines were used by tourists and...
Abraaj Capital eyes India for investment, expansion Abraaj Capital, the Middle East’s largest private equity firm, has announced plans to expand further in India. Dubai-based Abraaj joined hands with Sabre Capital, a leading private equity firm in India, to form...
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...
Both Khaleej Times and Gulf News have featured the developments regarding Syria. Gulf News said Arab League has been served an ultimatum to start comprehensive dialogue with the opposition within two weeks. The Dubai-based paper quoted sources within the League...
Middle East Business News Review – A look at today’s important financial news and business updates from the Middle East and North Africa Etihad Rail gears up Stage 2 of UAE national railway network Etihad Rail, the master developer and operator...
A look at today's important financial news and business updates from the Middle East region: ATIC invests $2.4m into semiconductors research centre The Advanced Technology Investment Company (ATIC), a wholly-owned subsidiary of Mubadala Development Company is setting up research centre in...
Dubai's Road and Transport Authority (RTA) announced it has awarded a 13-year maintenance contract of the Al Sufouh tram project in Dubai to a consortium of comprising of Alstom and Cofely-Besix worth AED851 million. "The selection of Alstom for...
A look at today's important financial news and business updates from the Middle East region: UAE Finance Minister rules out income tax imposition The UAE’s finance minister has rebuffed reports the government has plans of imposing income tax on individuals or...
Dubai Maintains Position as Middle East’s Automotive Hub Dubai continues to maintain its position as the Middle East’s automotive hub, following the extremely successful Commercial Vehicles Middle East (CVME) exhibition this month. Click here to read in detail. Water guzzling GCC...
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...
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 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 financial news and business updates from the Middle East region: 63% of UAE employees expect salary raise in next 12 months: Bayt.com/YouGov MENA Survey The latest MENA Salary Survey conducted by Bayt.com, the Middle East’s number one...
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...
A look at today's important financial news and business updates from the Middle East region: Dubai business registrations increase 17% in March ’12 More than 1,500 licences for businesses were issued during the month of March, a 17% increase compared to...
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 financial news and business updates from the Middle East region: Dubai shows impressive performance in The Wealth Report 2012 Dubai found a place amongst world’s fastest growing cities in importance for high net worth individuals (HNWIs). For quality...
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: 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...