Main headlines

January 13, 2014

On the other hand, real estate expert Marie bin Mubarak bin Mahfooz said real estate prices will spike this year because of the increasing demand on lands and properties.
15:20 GMT

"The attractive investment environment in Makkah has become the focus of many real estate investors and venture capitalists who have moved to form large conglomerates, pumping huge liquidity in the market."

UAE is set to become the world's leading consultancy hub in 2014 (Courtesy of UAE Interact)
10:00 GMT

UAE is set to become the world's fastest growing consulting market in 2014.

UAE ranks ninth in the world's top superyacht-building shipyards (File Archive)
09:19 GMT

UAE has been named among the world's top 10 superyacht-building nations in a recently released report.

Dubai’s ruler Sheikh Mohammed Bin Rashid Al Maktoum has called for an end to sanctions on Iran in his interview with BBC (Courtesy of Arabian Business)
07:58 GMT

In an interview with BBC, Dubai's ruler Sheikh Mohammed Bin Rashid al-Maktoum called on the world to end sanctions. Here's why...

The Passat was largely influential in Volkswagen Middle East recording its most successful ever month in July last year when sales rose 51 per cent on the same period in 2012
03:55 GMT

Volkswagen Middle East has reported a 30 per cent rise in deliveries across the GCC for 2013 compared to 2012.

The Italian government has been leading the charge to reopen the Iranian marketplace in order to cash in on Tehran’s energy sector.
03:55 GMT

The US officials are concerned that the Italian government’s recent rush to reenter the Iranian marketplace could hasten the collapse of economic sanctions against Tehran.

January 12, 2014

Qatar to help Iran to develop its share of the world’s biggest gas field so both countries can reap the maximum long-term rewards, sources at state-run Qatar Petroleum (QP) say.
18:02 GMT

The giant gas field beneath the waters of the Gulf, which Iran calls South Pars and Qatar calls the North Field, accounts for nearly all of the tiny Gulf state’s gas output, and around 60 per cent of its export revenues.

The Gulf Cooperation Council’s electricity and water undersecretaries, heads of specialised bodies and organisations will meet in Kuwait on Tuesday to discuss the water network project
17:40 GMT

This meeting aims at studying the other alternatives of this project, in order to reach an agreed formula, to be submitted to the GCC ministerial council.

Nearly 15,000 illegal workers have been arrested in the Eastern Province after the raids.
16:59 GMT

Since the beginning of the campaign on Nov. 4 following the seven-month amnesty, the ministry has denied about 50,000 private firms access to its services

Bahrain's theme park will cover an area of 93,618 sq meters and will include amusement rides and the country's first indoor ski slope and full-size ice arena (Shutterstock)
11:23 GMT

Bahrain is constructing a $52.7 million theme park that will feature the country's first full-size ice arena along with an indoor ski slope.

The GCC is ahead of MENA in terms of competitiveness. (Image credit: Hotelier Middle East)
10:32 GMT

A report by QNB Group reveals why markets like Kuwait and Qatar are going to be instrumental in driving growth in the GCC and the entire Middle East.

Royal Jordanian was one of three Middle East airlines that was ranked in the top 10 safest airlines globally (Courtesy of Arabian Gazette)
09:19 GMT

Royal Jordanian, Emirates and Etihad Airways was ranked in the top 10 safest airlines by AirlineRatings.com

Iran's President Hassan Rouhani plans to partake in the 44th annual meeting of the World Economic Forum (WEF) in the Swiss mountain resort of Davos on global financial crisis.
03:55 GMT

The meeting brings together some 2,500 top business leaders, international political leaders, selected intellectuals and journalists to discuss the most pressing issues facing the world, including health and the environment.

Bahaa El Din said the government would hold a conference in March or April to discuss the financial needs of the country and to issue long-term infrastructure projects.
03:55 GMT

On 27 October, the government signed an agreement with UAE to finance development projects valued at $2.8bn as a part of the second package

January 9, 2014

Waldorf Astoria is opening up a new location in Palm Islands Jumeirah. (Image credit: Arhcitecture International program)
12:45 GMT

WALDORF Astoria Hotels & Resorts, Hilton Worldwide’s luxury brand, announced Wednesday the opening of Waldorf Astoria Dubai Palm Jumeirah