Indians now account for 22 percent of prime property sales in the UK capital, compared to just 5 percent of sales two years ago. (File photo)
August 17, 2017 - 11:47 GMT
Gulf investors’ appetite remains hampered by falling oil prices, regional economic uncertainty and credit rating cuts.
Samsung dominates the MENA region's mobile market with 38 percent market share. (Pixabay)
August 17, 2017 - 11:06 GMT
Samsung dominates the MENA region's mobile market with 38 percent market share.
Engie has acquired a 40 percent stake in Tabreed from Mubadala, the Abu Dhabi-based investment company. (Shutterstock)
August 17, 2017 - 10:56 GMT
Engie has acquired a 40 percent stake in Tabreed from Mubadala, the Abu Dhabi-based investment company.
Noor Bank. (File photo)
August 17, 2017 - 10:34 GMT
Noor Bank has allegedly made dozens of redundancies this week as part of a restructuring plan to improve efficiency.
Unemployment among males in 2016 stood at 13.3 percent, while female unemployment reached a whopping 24.1 percent. (AFP/ File)
August 15, 2017 - 09:27 GMT
The unemployment rate in 2016 increased by 1.6 percent, reaching 15.3 percent.
The project is expected to produce half of the country’s planned renewable energy output. (File photo)
August 15, 2017 - 09:20 GMT
Companies have been given a September deadline to express interest.
Diplomatic ties between the two countries were severed in the wake of Saddam Hussein’s 1990 invasion of Kuwait, but are now being revived. (Christophe Simon/ AFP)
August 15, 2017 - 08:49 GMT
Saudi Arabia and Iraq will launch a joint trade commission, the Saudi Cabinet announced on Monday.
Saudi Crown Prince Mohammad Bin Salman. (AFP/ File)
August 15, 2017 - 08:22 GMT
The authority aims to regulate the military industry in the Kingdom and monitor its performance.
Recurring revenue from Emaar’s shopping malls and retail, hospitality and leisure, commercial leasing and entertainment businesses represents 38 percent of the total revenue. (File photo)
August 14, 2017 - 15:26 GMT
Emaar Properties has recorded a 15 percent growth in net profit for the first six months of 2017.
The contractor posted a net loss of Dh199 million for the second quarter of 2017. (File photo)
August 14, 2017 - 15:19 GMT
Dubai contractor Drake & Scull International has completed the sale of a majority stake to Tabarak Investments.
Saudi Arabia hosted the only three IPOs of this quarter. (File photo)
August 14, 2017 - 14:35 GMT
Activity in the IPO segment in the GCC region witnessed a slowdown during the second quarter of 2017, according to a new report.
The property market in Dubai continues to demonstrate further stabilization following the turbulence seen in 2016 with the drop in oil prices and sluggish global trade. (File photo)
August 14, 2017 - 14:26 GMT
Damac Properties has reported a total revenue of Dh3.5 billion ($952 million) for the first half of 2017, a 4.5 percent increase from last year.
Consumer spending is a major component in the UAE's GDP with a 45 percent share, compared to 39 percent on average for the GCC region. (File photo)
August 14, 2017 - 14:11 GMT
Total expenditures by residents in the UAE surged in 2016, led by huge expenses on rents and food.
The recovery in oil prices this year had been a key factor behind the reduced budget deficit. (File photo)
August 14, 2017 - 10:50 GMT
Saudi Arabia’s budget deficit halved following sweeping spending cuts and a jump in oil revenues.
The list of the worst 10 airports around the world has Jeddah at the top, followed by South Sudan and Nigeria closing the top three. (AFP)
August 13, 2017 - 13:22 GMT
Jeddah's King Abdulaziz International Airport has been ranked the worst airport in the world for 2016.
Muscat also emerged as the most affordable city to live in the Middle East, along with Khobar and Jeddah in Saudi Arabia. (File photo)
August 13, 2017 - 13:00 GMT
Oman has emerged as the third most affordable place to buy a home in the world, according to a new report.