Facebook shares sank on Monday in the first day of trading without the full support of the company's underwriters, leaving some investors down 25 percent from where they were Friday afternoon.Facebook...

Guinness World Records has officially recognized Tameer's Princess Tower as the world's tallest residential building.The Dubai Marina skyscraper towers above the skyline at 414m from base to tip, Tameer...

Airport retailer Dubai Duty Free has increased the size of a multi-tranche loan facility it is currently raising to $1.5bn, driven by high interest from local and international lenders, a senior Dubai...

Investcorp Bank on Monday said it has acquired a stake in a Houston apartment complex as the Bahrain-based alternative investment firm expands its US real estate holdings. The four adjacent properties...

UAE-based Cravia Holding, owners of the Middle East franchises for Cinnabon, Seattle's Best Coffee and Zaatar w Zeit (ZwZ), said on Monday it is expanding its operations into Saudi Arabia.The company said...

DIFC Investments, which owns properties in Dubai’s financial centre, has almost completed raising a $1bn loan to help repay an Islamic bond due in June, three bankers familiar with the matter said.Standard...

A 26-year-old Kuwaiti pleaded not guilty on Monday to charges he insulted the Prophet Mohammad and the Sunni Muslim rulers of Saudi Arabia and Bahrain on social media, the first day of a high-profile and...

Abu Dhabi is setting up an animation, visual effects and motion capture studio as part of its drive to improve the film, TV and media production industry in the Middle EastDigital production company Digital...

The Waldorf Astoria's first hotel property in the UAE is slated to open in the first quarter of 2013, it was announced on Monday.Waldorf Astoria, Ras Al Khaimah will be part of Al Hamra Village and will...

Paris St Germain's wealthy Qatari owners have discovered that building success can often be a slow process after failing to clinch a coveted Ligue 1 title despite operating with a budget more than four...

A shift in focus from global to local investments by the big Gulf sovereign wealth funds after the Arab Spring is set to step up competition among Western governments, asset managers and companies hoping...

Abu Dhabi has picked four banks as financial advisors for the potential state-backed merger of property developers Aldar Properties and Sorouh Real Estate, three sources aware of the matter said on Monday...

(Source: alhabtoorgroup YouTube channel)

Kuwait's Global Investment House said it won a long-running legal battle over an aborted buy of a stake in National Bank of Umm Al Quwain after an appeals court ordered the Abu Dhabi-listed bank to return...

Four people were arrested by Abu Dhabi authorities on charges of "tribal instigation and libel'' through posts on social networking site Twitter, the state-run WAM news agency reported.The three Emirati...

Kuwait's Foreign Ministry has told its citizens to leave Lebanon and avoid travelling to the country because of increasing violence fuelled by the revolt in neighbouring Syria, state-run news agency KUNA...

Companies in Dubai are being urged to alert employees about the looming ID card application deadline so they may avoid late-registration fines.Emirates Identity Authority (EIDA) has sent more than 23,000...

Qatar has become the 72nd member of the International Ice Hockey Federation, it was announced at the organisation’s annual congress this weekend.The Qatar Ice Hockey Federation was founded in 2010 and...

The US Embassy in Lebanon has issued a warning to its citizens in the country to avoid public areas and exercise caution.  Violence between pro and anti-Syrian groups in Beirut left two people dead and...

The number of expats living in Kuwait declined by 19 percent last year amid the Gulf state’s crackdown on illegal immigrants and workers, according to official statistics.Kuwait is home to some 2.16m expatriates...