January 12, 2015
Tourist visas issued in Dubai have just become costlier and non-extendable.
January 11, 2015
Iraq’s Oil Ministry can sue the Kurdistan regional government for possession of 1 million barrels of crude that have waited in a tanker circling off the Texas coast for more than five months, a U.S. judge said.
OPEC members Iran and Venezuela are reeling from a slide in the cost of crude to around $50 per barrel from $100 just six months ago
Kuwait has awarded a $4.2 billion (3.5 billion euro) to develop heavy oil fields in the north of the country, the central tenders committee announced Thursday.
Dubai Aluminium (Dubal) has completed its $1.8 billion seven-year loan, the first facility which the company has raised to fund its general business purposes in two decades.
January 9, 2015
Annual urban inflation has hiked to register 9.8% in December, up from 8.5% in November.
Abu Dhabi’s new financial free zone plans to base its rules on English common law, in a decision that could reduce costs and help the emirate develop stronger banking and securities market ties with neighboring Dubai.
January 8, 2015
Qatar Airways has taken delivery of the world’s first Airbus A350 XWB.
Several companies in the United Arab Emirates have decided to hold off on initial public offers of shares because of the weakness of stock markets.
Qatar Airways chief Akbar Al-Baker boasted Wednesday that European carriers “cannot keep up” with competition from Gulf carriers.
January 7, 2015
European benchmark Brent oil sank under $50 on Wednesday for the first time since 2009.
The size of expatriate remittances worldwide is about $80bn annually, according to the Director of the Migration and Remittances Unit at the World Bank (WB), Dilip Ratha
Dubai-based construction firm Arabtec has denied media reports that it is looking for prospective acquisition targets.
Growers of Egypt's high quality cotton will no longer receive any state support and have been advised not to plant the crop unless they have contracts to sell it,
January 6, 2015
Ooredoo Kuwait has won a court appeal against a 36.69 million dinars ($124.97 million) judgement in favour of the Ministry of Communications