Dubai Group has signed a $10 billion debt restructuring deal, two sources with knowledge of the matter told Reuters on Thursday, bringing an end to the last major hangover from the emirate's 2009 financial...Read more »
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It’s not often I get the chance to say “I told you so”. It happens very rarely, and in any case, to do so would sound smug, pompous and arrogant.But I told you so. Exactly a year ago to this day, the...Read more »
The Saudi Arabian cities of Riyadh and Jeddah are two of the least expensive cities in the world when it comes to living costs, according to a new report by the Economist Intelligence Unit (EIU).The analyst...Read more »
Dubai's ruler Sheikh Mohammad bin Rashid Al Maktoum on Wednesday revealed the strategy behind plans to transform the emirate into a "Smart City".The strategy features six key pillars and 100 initiatives...Read more »
Architects have "nothing to do with the workers" who have died on construction sites in Qatar, according to architect Zaha Hadid whose Al Wakrah stadium for the FIFA World Cup 2022 is under construction...Read more »
Finance, labour and education leaders have urged a fresh approach to address unemployment in the Arab world as figures show 20 million Arabs do not work.The leaders have gathered in Riyadh for the three...Read more »
Dubai property developer Nakheel reported a 27.2 percent rise in full-year profit on Sunday, as the firm continued to benefit from the emirate's resurgent real estate market.Nakheel made a net profit in...Read more »