A look at today’s important financial news and business updates from the Middle East region: Dubai Health Authority signs MoU with Mubadala Healthcare Dubai Health Authority (DHA) and Mubadala Healthcare signed a Memorandum of Understanding (MoU) to collaborate pertaining to areas...
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...
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...
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...
Today’s top business and economy news from the Middle East and North Africa: UAE records $9.9bn fiscal surplus in 2011 The United Arab Emirates’ finance ministry said on Monday the state recorded a budget surplus of AED36.2 billion ($9.9 billion) in...
Glencore Intl, the world's largest publicly traded commodities supplier, has agreed to buy copper and zinc giant Xstrata for AED 227.7 billion ($61.99bn) in what is seen as the world's biggest mining takeover. The Switzerland-based company, which enjoys major...
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...
Fujairah oil terminal ships first UAE oil amid Iranian threats of Strait closure The United Arab Emirates loaded its first cargo on Sunday from its multi-million dollar new oil export terminal on the Gulf of Oman, amid threats made by some...
Dubai registers house prices increase According to the latest Knight Frank Global House Price Index, house prices in Dubai increased by an average of 2.3% during the last quarter of 2011, putting the city in the top ten house market...
Major projects in Dubai's real estate market will boost jobs market in the country, a leading property expert said in his research. "Creating more jobs is the key to the recovery of the real estate markets in both Abu...
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...
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...
Prince Waleed bin Talal, chairman of Kingdom Holding Company, has bought a strategic stake worth $300m in popular social networking site Twitter. The Saudi Prince's company, whose investment portfolio includes stakes in General Motors Co., News Corp and Apple...
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...
Today's top business news from the Middle East and North Africa: GCC integration plan needs more discussion – statement A plan to integrate six Gulf countries as proposed by Saudi Arabia last year in response to Middle East turmoil needed more...
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...
Today’s top business news from the Middle East and North Africa: Dubai Airport July passenger traffic registers 6% increase Dubai International Airport’s passenger traffic increased 6% from a year earlier in July, with monthly traffic surpassing 5 million passengers for the first...
A look at today's financial news and business updates from the Middle East region Abu Dhabi sells Tesla stake for $133m profit State-owned power supplier Abu Dhabi National Energy (TAQA) announced it has sold its 7% stake in US electric carmaker...
Chief analyst at a global bank has termed the pegging of Gulf currencies with US dollar as unsustainable and damaging in the long term. David Bloom, global head of foreign exchange strategy at HSBC, said hard peg of GCC...
Wednesday's newspapers are euphoric about the prisoner swap between Israel and Palestine. Gulf News said 477 Palestinian prisoners were released by Israeli authorities in the landmark deal that also saw the return of Gilad Shalit, the detained Israeli soldier who...
ME AIRLINES RECORD DOUBLE DIGIT GROWTH IN JANUARY According to an International Air Transport Association (IATA) statement, Middle Eastern airlines posted 14.5% growth in January, by far the best performance in the world. "The year started with some hopeful news...
Government of Dubai declared it has no plans to restructure billions of dollars of state-linked debt next year, quashing rumours the emirate is facing new financial difficulties. ?The government is following a solid fiscal policy that strengthens the level...
Middle East Business News Review – A look at today’s important financial news and business updates from the Middle East and North Africa Qantas seeking Emirates ‘lifeline’ – report Australian flag carrier Qantas said on Thursday it is holding talks with...
UAE government has approved a draft of companies law that will allow foreign ownership stake above the current 49 per cent. According to state news agency WAM, the country is looking forward to ways to attract more foreign investment...
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 Gulf, Levant and North Africa: Oman June oil output drops 4.1% Oman’s crude oil and derivatives production dropped 4.1% in June this year...
Palestine UN statehood bid and the looming tension is the main story for the papers. Khaleej Times carries a photograph of Palestinian schoolchildren holding a poster of President Mahmoud Abbas at a rally in occupied West Bank town of Tulkarem....
The UAE cabinet, chaired by Shaikh Mohammad Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and ruler of Dubai, has approved plans that allow companies from across the GCC to open branches in the country...
British investors spent AED2.5 billion on Dubai property Dubai continued to attract more and more investors from the United Kingdom with Brits being ranked third on a list of popular foreign investors in Dubai, a report said on Thursday. Investor confidence...
Opec output hits the highest since 2008 despite lowest Iranian supply in two decades A Reuters survey revealed that Opec output in April has hit its highest since 2008. The rise in output was mainly due to the rise in...