A look at today’s important financial news and business updates from the Middle East region: Dubai govt. direct debt registers significant drop A Dubai government’s bond prospectus suggested its direct debt dipped 1.6% at the end of March from May last...
Middle East Business News Review – A look at today’s important financial news and business updates from the Gulf, Levant and North Africa: FIFA names investigators to probe Qatar World Cup FIFA named independent ethics investigators to look into allegations of...
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...
Unlike Khaleej Times, local stories dominate the front pages of both Gulf News and The National. Gulf News reported that a deadline has been set by the Ministry of Environment and Water to stop the use of non bio-degradable plastic...
A look at today’s important financial news and business updates from the Middle East region: UAE Hormuz bypass pipeline ready, export to start in 3 months The UAE’s Oil Minister Mohammad Al Hamli announced on Thursday the strategic oil pipeline bypassing...
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...
  Today’s top business news from the Middle East and North Africa: Dubai hotel occupancies drop during Ramadan; Jeddah, Manama, Amman benefit Occupancies at hotels across Dubai dropped to 69.4% in July, plummeting by 11.1% from the same period in 2011, a...
A report released by International Energy Agency (IEA) says both Kuwait and the UAE raised output in September to the highest levels in order to compensate for Libya's turmoil. "During the third quarter of 2011, the UAE?s oil output...
UAE IT SERVICES ONE OF THE MOST EXPENSIVE IN THE WORLD According to a report published by the Telecommunications Regulatory Authority (TRA), the UAE has one of the costliest internet and telephone service in the world despite price cuts during...
The People's Bank of China announced it has signed a currency swap agreement worth AED20 billion ($5.54bn) with the UAE, during Chinese Premier Wen Jiabao's visit to Dubai. The statement added that the three years-long deal would boost two-way...
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...
Today’s top business and economy news from the Middle East and North Africa: UAE bank giants lead China expansion march Two of the UAE's largest banks are leading an expansion drive into China as trade between the two countries continues its...
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...
Today's newspapers reflect the regional disturbances in Syria, Libya and Yemen. Gulf News reported signs of civil war in Syria after troops loyal to Baathist regime pounded the rebel-controlled town of Rastan and claimed taking control of it after heaving...
Heavy fighting in Libya and floods in Pakistan dominate the front pages of The National and Khaleej Times with big photographs of the affected people wading through knee-deep waters taking centre stage. Gulf News, however, has published a 5-column...
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...
Middle East Business News Review – A look at today’s important financial news and business updates from the Middle East and North Africa GCC to emerge as solar energy hub in near future Solar energy will dominate the upcoming renewable energy...