Middle East Business Review – 8 Apr

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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 the Gulf state’s future. Click here to read more…

Ras Al Khaimah gets vote of confidence on strong economic performance

The Emirate of Ras al Khaimah got a strong vote of confidence on Sunday when a leading credit rating agency issued a positive outlook based on its sound economic policies. Fitch Ratings said the emirate’s future looks stable and gave an ‘A’ rating. RAK also got ‘F1? rating for its short-term foreign currency IDR while achieving an ‘AA+’ rating which is equivalent to the UAE’s Country Ceiling. Click here to read more…

Prince Alwaleed tops Forbes Arab billionaires list

A new Forbes Middle East list published on Sunday announced 36 billionaires, with an accumulated wealth of more than $121bn, come from the Arab world. Click here to read more…

Oman Air says losses surged 41% last year

Oman Air on Sunday announced it suffered from a loss of 110 million riyals ($285.71m) in 2011 due to spiralling fuel costs. Click here to read in detail.

Qatar confirms sending third female athlete to London Olympics 2012

Qatar Olympic Committee confirmed on Sunday it is sending air rifle shooter Bahia Al-Hamad to compete at the London Olympics. Click here to read more…

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