Latest News

Last Updated: Sat, Jul 30 2016 | 10:28 AM |
Dubai's Drake wins $61.5m Iraqi oil field contract
Construction»

Dubai's Drake wins $61.5m Iraqi oil field contract

Friday, 29 July 2016 10:10 AM

Contractor is picked for the construction of water injection network installation project at Zubair oil field in Basra

Bahrain's Gulf Air inks deal for new inflight entertainment package
Technology»

Bahrain's Gulf Air inks deal for new inflight entertainment package

Friday, 29 July 2016 12:03 AM

National carrier signs agreement with Thales to supply entertainment system on 39 new aircraft on order

Gulf SWFs see worsening creditworthiness during 2016
Politics & Economics»

Gulf SWFs see worsening creditworthiness during 2016

Friday, 29 July 2016 12:03 AM

S&P delivers verdict as Bahrain, Oman, and Saudi Arabia are sets to see average fiscal deficits of 12% of GDP per year in 2016 and 2017

Dubai's Al Futtaim hires London firm to create new retail brand
Retail»

Dubai's Al Futtaim hires London firm to create new retail brand

Friday, 29 July 2016 12:02 AM

London creative agency Dalziel & Pow is appointed to create Homeworks, a new home improvement brand

Hospitality chain SFC Group says planning $16m UAE investment
Retail»

Hospitality chain SFC Group says planning $16m UAE investment

Friday, 29 July 2016 12:02 AM

Company plans to add 25 new SFC Plus restaurants over the next four years across the UAE

VAT in Bahrain could result in $568m windfall, says IMF
Politics & Economics»

VAT in Bahrain could result in $568m windfall, says IMF

Friday, 29 July 2016 12:02 AM

The 5% tax is likely to be introduced by January 2018, could also result in increased inflation

Dubai property prices, rents may not rebound until 2018
Property»

Dubai property prices, rents may not rebound until 2018

Friday, 29 July 2016 12:02 AM

New report says decline is likely to continue for the next 12 months, possibly up to 18 months

Saudis split over playing Pokémon at Grand Mosque
Technology»

Saudis split over playing Pokémon at Grand Mosque

Friday, 29 July 2016 12:01 AM

Scholars and others warn it threatens security and sanctity of Islam’s holiest place

Saudi central bank's foreign assets slump $11bn in June
Banking & Finance»

Saudi central bank's foreign assets slump $11bn in June

Friday, 29 July 2016 12:01 AM

Assets shrink 15.9% from a year earlier to their lowest level since early 2012

Flagging non-oil business dampens outlook for Gulf
Politics & Economics»

Flagging non-oil business dampens outlook for Gulf

Thursday, 28 July 2016 8:15 PM

Poll of economists forecasts reduced growth in region as gov't austerity measures impact business activity

Saudi's Kingdom Holding Q2 net profit falls 22%
Banking & Finance»

Saudi's Kingdom Holding Q2 net profit falls 22%

Thursday, 28 July 2016 5:18 PM

Kingdom attributed fall in profit to lower income from associates, JVs and other income sources, in addition to a decrease in dividends income, and a rise in finance charges

UAE's Mubadala set to buy 20% stake in Bahrain's Investcorp
Banking & Finance»

UAE's Mubadala set to buy 20% stake in Bahrain's Investcorp

Thursday, 28 July 2016 2:25 PM

Mubadala will buy 9.99% immediately, and a further 10.01% following the necessary regulatory approvals

UBS says Saudi's Vision 2030 likely to deliver stability
Politics & Economics»

UBS says Saudi's Vision 2030 likely to deliver stability

Thursday, 28 July 2016 2:20 PM

World's largest global wealth manager says kingdom's finances should find a more sustainable footing in the medium term

175% rise in regular petrol production in Oman
Energy»

175% rise in regular petrol production in Oman

Thursday, 28 July 2016 1:34 PM

Output up to 3.28 million barrels during the first six months of 2016

Bahrain's non-oil exports reach $1.3 billion in Q2
Politics & Economics»

Bahrain's non-oil exports reach $1.3 billion in Q2

Thursday, 28 July 2016 1:34 PM

Switzerland ranked the number one exporter to Bahrain, according to new figures


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New 2030 plan to inject $44bn into Dubai economy

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Revealed: Middle East's 100 most influential people in construction industry

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Abu Dhabi merger to create $175bn banking heavyweight

Abu Dhabi merger to create $175bn banking heavyweight

State investment funds Abu Dhabi Investment Council and Mubadala will hold 33.2 percent and...

The most stylish Arab women

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Qatar's $42.5bn UK investments will hopefully rise, says PM Cameron

Qatar's $42.5bn UK investments will hopefully rise, says PM Cameron

Prime Minister says that he is confident economic cooperation between Qatar and the UK can...

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