Dubai property giant Nakheel's profits up 19% in 2015

Caption   Dubai: Dubai's Nakheel said Wednesday its net profit increased...

Dubai's Union Properties says in talks with banks to borrow $202 mln

DUBAI: Dubai’s Union Properties is in talks with banks to borrow about 740 ...

Saudi fiscal reserves slide to 4-year low on weak oil

Riyadh: Saudi Arabia's fiscal reserves dropped to a four-year low last year a...

Dubai airport 2015 traffic up 10.7 pct, world's busiest

Additional airlines and routes lifted the traffic through Dubai Airport. Reuters  ...

Dubai tourism allure undiminished by hotel fire: Tourism chief

  By David French DUBAI: Bookings in Dubai’s tourism industry are looking ...

Saudi Jabal Omar says in talks with lenders after missing $173 mln payment

RIYADH: Saudi Arabia’s Jabal Omar Development Co is in talks with creditors...

Dubai opens consultancy tender for $27 billion green fund

    DUBAI: Dubai’s Electricity and Water Authority (DEWA) said on Sat...

Dubai's Al Khaleej Sugar says operating at 70 pct capacity

  DUBAI: Dubai's Al Khaleej Sugar Refinery, the world's biggest por...

Saudi central bank net foreign assets drop 3.1 pct m/m in December

DUBAI: Net foreign assets at Saudi Arabia’s central bank fell 3.1 percent i...

OPEC Gulf countries, Saudi willing to cooperate on stablising oil market: Gulf OPEC delegate

Iraqi people walk past the Rumaila oilfield in Basra, Iraq, January 26, 2016. REUTERS ...

Lower revenues, higher provisions hit National Bank of Abu Dhabi profits

  ABU DHABI: National Bank of Abu Dhabi , the United Arab Emirates's la...

UAE’s Etihad Rail suspends stage two tendering, reviews investment

  DUBAI: Etihad Rail, the state-backed firm building a railway network ...

Kuwait in spending spree on projects despite oil slump

  Kuwait City: Kuwait awarded projects worth a record $32 billion last year and pla...

Saudi consumer spending growth slowing, big retailer says

File photo of Muhammad al-Agil, chairman of Jarir Marketing Co. during an interview in Riya...

Saudi Aramco keeps up investment despite crude fall

Khalid al-Falih, the chairman of Saudi state oil giant Aramco, addresses the 10th Global Co...

Bahrain central bank says remains committed to dollar peg

  ABU DHABI: Bahrain is committed to keeping its dinar currency's peg to the US...

Iran, China agree $600-billion trade deal after sanctions

Iran's President Hassan Rouhani (L) shakes hands with his Chinese counterpart Xi Jinpin...

Saudi Arabia to grant first licence in airline liberalisation by end-March

File photo/ AFP. MANAMA: Saudi Gulf Airlines is set to obtain regulatory approvals...

Saudi Aramco says in advanced talks to buy stakes in China refineries

  RIYADH: Saudi Aramco said on Wednesday it was in advanced talks to invest in refine...

Saudi cuts advance payments to firms for state contracts: Paper

File photo. DUBAI: Saudi Arabia’s finance ministry has cut advance payments ...

China, Gulf to speed up free trade talks

A handout picture made available by Saudi Press Agency (SPA) shows the Custodian of the two...