July 1, 2013
American automotive giants GM, Chrysler and Ford are considering proposals to set up manufacturing plants in Saudi Arabia, reported Arab News.
June 30, 2013
The cargo shipment airline makes Muscat its 79th destination
A number of fraud cases have recently been dealt with by Omani police, among them foreign swindlers selling sand as gold
Oman United Insurance got upgraded to a BBB rating by S&P
The real gross domestic product (GDP) of Dubai during the fourth quarter of 2012 increased by 5.3 per cent relative to the fourth quarter of 2011.
National Bank of Kuwait claims credit growth across many sectors
The municipalities of Sharjah and Ajman have warned food outlets and manufacturers against hiking prices of essential commodities — a violation of food safety regulations — before and during the holy month of Ramadan.
With many GCC consumers now owning two handsets, mobile advertising represents a golden untapped opportunity.
Saudi Arabia commands 60 percent of the air charter business in the Middle East, according to Private Jet Charter (PJC), one of the world’s largest independent private jet charter brokers.
The Saudi stock market was in the red yesterday, dropping slightly by 0.17 percent.
June 27, 2013
The Lebanese-Canadian Bank has reached a $102 million settlement with the U.S. government over allegations it took part in a scheme to launder drug money and other funds for terrorists.
Thirteen companies including Abu Dhabi-based Etisalat and Turkey's Turkcell have expressed interest in buying Dubai Holding's 35 percent stake in Tunisie Telecom, a government official said on Wednesday.
Fitch Ratings has affirmed Oman-based Bank Sohar's Long-term Issuer Default Rating (IDR) at 'BBB+' with a Stable Outlook.
Loss-making telecom operator Zain Saudi has gained more time - until July 31 - to repay a $2.4 billion Islamic loan due on Wednesday, the company said in a bourse statement.
The sultanate will have at least one low-cost carrier (LCC) by the first half of 2014 with the possibility of more licences being awarded, according to Salim Nasser Said al Aufi, chief executive officer of the Public Authority for Civil Aviation.