UAE hikes petrol prices 24%, cuts diesel 29%

Abu Dhabi: The United Arab Emirates will hike the retail price of petrol by 24 percent but ...

UNB net profit up by 15pc to Dh1,186m in H1

Doha: Union National Bank (UNB), one of the leading banks based in the United Arab Emirates...

GCC markets outperform global peers

DOHA: Most GCC markets rallied in the second quarter of 2015 (Q2, 15), led by a strong perf...

Big rush for Etisalat shares

Abu Dhabi--Local investors have gone on a buying spree to stock up on shares in UAE telec...

UAE May inflation edges up to 4.3 pct on housing, utility costs

  The United Arab Emirates National Bureau of Statistics released the following May...

UAE expects strong economic growth

Dubai--The United Arab Emirates expects strong growth this year after its oil-rich econom...

peninsula-logo

SINGAPORE: Middle Eastern oil producers Saudi Arabia and the United Arab Emirates will sharply ...

peninsula-logo

NEW YORK: PepsiCo’s flagship global brands Pepsi, Pepsi MAX, Lay’s and Gatorade are...

Saudi opens bourse to foreign investors

A Saudi investor monitors the stock exchange at the Al Bilad Saudi Bank in Riyadh yesterday...

Emirates airline 2014 net profit up 40 percent on lower oil price

DUBAI: Emirates, Dubai's flagship airline, reported a 40 percent jump in annual net pro...

Gulf oil exporters should cut spending, diversify: IMF

Dubai: Gulf oil exporters must reduce spending, including subsidies, and diversify their ec...

peninsula-logo

DUBAI: Banks are tightening lending conditions for small, private companies in the Gulf —...

peninsula-logo

LONDON: Saudi Arabia has a response to the global surplus of oil: Raise output to near-record l...

peninsula-logo

  BELGRADE: Serbia sealed an agreement with an Abu Dhabi investor on Sunday for a multi...

Saudi giant SABIC Q1 net profit down 39 percent

  Riyadh--Saudi petrochemicals giant SABIC on Sunday posted a 39 percent decline in...

peninsula-logo

DUBAI: Qatar’s bourse fell yesterday after Gulf International Services (GIS) said weak oi...

Alabbar says remain committed to Emaar

DUBAI: The chairman of Emaar Properties has insisted he remains committed to the Dubai-base...

Bahrain to Host Third GCC Leadership Conference

MANAMA:  Bahrain will host the Third GCC Leadership Conference, titled "Developing En...

Islamic finance must address challenges to thrive: IMF

Dubai: The Islamic finance system faces several key challenges if it is to unlock its huge ...

peninsula-logo

DUBAI/Cairo: Growth in Saudi Arabia’s non-oil private sector accelerated to a six-month h...

Dubai Ports World to Acquire Fairview Container Terminal in Canada

DUBAI: Dubai Ports World (DP World) announced on Thursday its agreement to acquire Maher Termin...