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...
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...
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...
The boost in social welfare spending featured big on front pages of today's newspapers. The National reported that cabinet ministers approved a draft budget that will increase spending on social services, health care and higher education by two per cent...
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...
Etihad Airways announced it has broke even its 2011 target by posting a AED51.4 million ($14 million) profit. The UAE's flag carrier reported a pre-interest and tax full-year earning of AED503.21 million ($137 million) while generating AED15.06 billion ($4.1...
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...
Monday's UAE papers are quite diverse with their front page news items. Gulf News says Palestine bid is a test for Obama as the US is lobbying support from undecided Security Council members. The paper adds that the US president...
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...
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...
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 purpose-built aerotropolis, named Dubai World Central, is set to host the 2013 version of Dubai Airshow. According to Sheikh Ahmed Al Maktoum, Chairman Dubai Aviation City Corporation, the aviation district covering 6.8 sq. km will provide both landslide...
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...
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...
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...
UAE INVESTMENT COMPANY BAGS OWNERSHIP OF US CHIP MAKER Advanced Technology Investment Company, a hi-tech investment fund owned by Abu Dhabi's Mubadala, has assumed control of Globalfoundaries after buying the remaining minority stake from leading Silicon Valley chip maker Advanced...
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...