Sheikh Mohammed has approved an AED2bn construction package that oversees several tourism, residential and commercial projects across Dubai emirate. "The projects include the renovation of Al Maktoum Hospital, expansion of Le Meridien Airport Hotel, development of Al Muraqqabat and...
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...
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 financial news and business updates from the Middle East region YouTube launches UAE version Google announced the launching of a UAE version of YouTube for users in the seven emirates on Sunday. The new YouTube.co.ae domain came amid...
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...
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's real estate market plummeted around 70 per cent seeing less than 1,700 deals in the first ten months this year compared to the housing market boom in mid-2008. Dubai Department of Land figures showed only 1,603 deals were...
Middle East Business News Review:  Top Business News from the Middle East & North Africa GCC nations have great interest in missile defence systems - Lockheed Martin Saudi Arabia and other Gulf countries have shown interest in buying the most advanced...
A look at today's financial news and business updates from the Middle East region UAE the happiest country in the Middle East – UN report A United Nations report has ranked the UAE as the happiest place in the Arab World. The...
A look at today's financial news and business updates from the Middle East region Abu Dhabi-Dubai rail link to be completed by 2016 An Arabic language UAE newspaper said on Wednesday a multi-billion inter-Emirates rail network project will link the country’s...
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 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...
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: 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...
An Indian Supreme Court ruling has revoked the telecoms licenses of 122 companies, including that of a consortium of Norway's Telenor, Unitech, India's DB group and UAE's Etisalat. "We have been unfairly treated as we simply followed the government...
DUBAI TOURISM FIGURES UP BY 10% According to official figures released by Dubai Department of Tourism and Commerce Marketing (DTCM), the number of tourists visiting Dubai rose by 10% to a total of 9.3 million last year while the number...
Today's Top Business News from the Middle East. Vatican Gulf HQ to stay in Kuwait The Vatican Embassy in Kuwait dismissed reports on Monday that it was relocating headquarters from Kuwait to Bahrain to facilitate the organisation of regional meetings of...