August 13, 2013
In June 2012, it was announced Marvel Entertainment, the creator of popular comic book heroes X-Men and The Avengers, was to lend its name to one of the zones, which will feature retail outlets, dining facilities and interactive entertainment.
Dubai-based private equity firm Abraaj Group on Tuesday said it has invested in Rainbow Hospitals, a 450-bed paediatric and maternity healthcare business based in the southern Indian state of Andhra Pradesh.
Saudi Arabia ranks top in the volume of assets of sovereign wealth funds (SWFs) among the GCC countries at $641 billion.
Barclays is conducting a strategic review of its retail banking operations in the United Arab Emirates which could lead to a sale of the business, according to two sources familiar with the matter.
The nominee for the post of industry minister reported that Iran needs annual domestic and foreign investment of about $300 billion until 2015. Would such a target be attainable?
In a dispute largely over revenue sharing, Kurdistan’s crude exports through a pipeline controlled by the Iraqi central government dried up last year. Now, Kurdistan has found a new "alternative".
The loan is part of a syndicated loan facility comprising a consortium of international and local banks and financial institutions with Emirates NBD being the facility agent.
August 12, 2013
The route, which is approximately 362 km, opens up access to Northern Sudan and was done to encourage trade between the two countries.
The Saudi Government has set aside around $7 billion to spend on water sector related projects this year, and this is expected to go up as more projects are in pipeline, specially desalination and wastewater treatment projects.
LVMH Louis Vuitton Moet Hennessy, the French luxury goods conglomerate part owned by Qatar, has expanded its hospitality division.
The Islamic Republic of Iran has exported over $12.5 billion of non-oil goods in the first four months of the current Iranian calendar year despite the sanctions imposed on the country.
Eid is the 'peak business season' for traders of different commodities, this year brought a 'big surprise' to business owners, as the number of customers was far less than what they had earlier expected.
Abu Dhabi and Dubai indices fell on Sunday, the first day after the long Eid holiday weekend, amid a drop in trading volumes and a dry news spell globally at the end of last week.
August 7, 2013
The Department of Economic Development has warned it will impose penalties on those who violate the rules of trade as stated in the Bluebook that sets out the rights of consumers in the UAE.
Declining consumer and business confidence will negatively impact the profitability of Lebanese banks in the second half of 2013.