UAE economy seen growing almost 4 percent in 2012
The UAE's economy is expected to grow almost 4 percent this year, the Gulf country's Economy Minister Sultan bin Saeed al-Mansouri said on Tuesday.
March 20, 2012 11:03
French BNP Paribas to grow MidEast revenues
French lender BNP Paribas expects to grow its revenues from the oil-rich Gulf region this year despite a slight impact on its business as a result of the Arab Spring, the bank's Middle East head told Reuters in an interview on Tuesday.
March 14, 2012 1:35
Iraq oil exports to top 2.3M bpd in April
Iraq plans to raise oil sales to a post-war record rate of over 2.30 million barrels per day (bpd) in April, an Iraqi oil official said on Monday, with exports boosted by a new loading facility in the Gulf.
March 12, 2012 2:00
StanChart seeks nod for Saudi licence
Standard Chartered has sought a full commercial banking licence from the Saudi central bank as the UK lender aims to plug the biggest gap in its growing Gulf Arab business, two sources familiar with the matter said on Sunday.
March 12, 2012 1:53
Gulf healthcare IPO looks tempting but risky
The first initial public offering of an Abu Dhabi corporate in London looks both tempting and risky. NMC Health has every reason to want to list in the UK. It has a clear growth story, and the London market knows healthcare well. But investors should demand to see a full medical history before parting with any cash.
March 10, 2012 5:13
Dubai tumble underlines risks in Gulf stock
A plunge in Dubai stocks this week underlined the risks behind the Gulf's equity market rallies, although most analysts do not think Dubai's drop marks the start of any extended downtrend.
March 10, 2012 5:10
All systems go: Dubai focuses on stronger aviation business
With the Middle East’s aviation industry fast becoming the world’s strongest and Dubai’s need for more revenue generation, the emirate is banking on its aviation industry as a solid net.
March 6, 2012 12:55
Politics and business: China-Gulf ties won’t be affected by Syria clashes
Given its $90 billion a year bilateral trade with GCC, China has received less flak for vetoing the UN Council resolution on Syria. Things may change though if Syria worsens.
March 6, 2012 12:31
Kuwait appoints 3 new members at market regulator
Kuwait named three new commissioners to the Gulf Arab state's fledging Capital Markets Authority (CMA), state news agency KUNA said, ending a protracted dispute.
March 5, 2012 1:33
UAE’s First Gulf Bank plans to double paid-up capital
First Gulf Bank, the second-largest bank by market capitalisation in Abu Dhabi, approved plans to double its paid-up capital through a bonus share issue, the bank said in a statement on Thursday.
March 1, 2012 1:57
Bahrain’s Gulf Finance House swings to small profit in 2011
Bahrain's Gulf Finance House swung to a full-year profit in 2011 as the troubled sharia-compliant investment firm said its restructuring plan, which included significant cost-cutting, helped reverse its fortunes.
March 1, 2012 1:48
Gulf states recalling ambassadors in Syria
Gulf Arab countries announced on Tuesday they were recalling their ambassadors from Damascus and expelling Syrian envoys in response to worsening violence in Syria.
February 8, 2012 12:24
Dubai Airport passenger traffic up 8 percent in 2011
Passenger traffic at Dubai International Airport grew 8 percent in 2011 boosted by additional flights to the Gulf Arab region's main transport hub, operator Dubai Airports said on Tuesday.
January 24, 2012 1:57
Gulf cautious as bargain hunters may eye Qatar
Gulf markets is likely treading cautiously this Monday as investors globally wait to see if Greece can reach a deal on its debts to avoid a default, while some traders expect Qatar's index to rebound from a three-month low.
January 23, 2012 2:52
Iran says US presence in Gulf “not a new issue”
Revolutionary Guards official plays down US naval moves; Appears to back away from previous threats to Washington; Tensions high over new sanctions and nuclear activities
January 22, 2012 11:15
Kuwait: expats sent packing
The state plans to get tough and reduce the number of foreign residents.
May 20, 2013 5:05
Dubai Labourers on 'rare' labour protest
Two Arabtec employees who asked not to be identified said several thousand workers engaged on various projects did not report for duty on Sunday.
May 20, 2013 9:33
Tumblr officially off the market
Yahoo! board unanimously approves the acquisition...
May 19, 2013 3:20
A maid's wage
An FNC member to argue that minimum wages are 'taking advantage' of employers.
May 20, 2013 4:24
Taking on Abercrombie & Fitch
Controversial views from the clothing company's CEO causes huge backlash.
May 16, 2013 2:43