January 8, 2015
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
While it was reported in Jordan yesterday that the negotiations on importing Israeli gas from the Leviathan reserve had been halted.
In the past two it is the Dubai Financial Market that has slumped the most in the world with a decline of more than seven per cent.
Oil extended losses on Tuesday to touch fresh 5-1/2-year lows, following a 5 per cent plunge in the previous session as a slew of bearish factors added to supply woes.
Oman Air, which reported an annual loss in 2013, previously said that it will spin off some of its business units to become profitable.
Gulf stock markets extended their decline on Monday after the price of Brent crude fell below $56 per barrel.
United Arab Emirates utility Tabreed said on Monday it had completed the refinancing of debt facilities worth Dh2.6 billion ($707.9 million).
January 5, 2015
Air Arabia, a leading low-cost carrier, has bought a 49 per cent stake in Jordan's Petra Airlines.
The UAE Ministry of Economy has stepped up the preparations for the 5th Annual Investment Meeting (AIM).