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Saudi prince keen on Emaar tie-up to build giant towers

Saudi billionaire Prince Alwaleed bin Talal says he is looking at the world's largest cities, including Shanghai, Moscow, London and New York, as 

Dubai’s ruler approves $544m new projects

Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Ruler of Dubai, has approved AED2bn ($544m) worth of new 

Al Islami to invest $27m in new facility

Dubai-based Al Islami Foods is set to invest Dh100 million ($27 million) on a new food processing facility in Dubai to meet the increasing regional demands 

Auto giants mull production plant in Saudi

Leading US car manufacturers GM, Chrysler and Ford, often referred to as the "Big Three" plan to set up their production lines in the Yanbu automobile 

Kuwait Energy unit sees rise in production

Kuwait Energy, a major oil and gas exploration and production firm, has announced a production increase at its East Ras Qattara (ERQ) Concession in 

Kapsch wins key Saudi rail project contract

Vienna-based Kapsch CarrierCom, a global system integrator and supplier of end-to-end telecommunications solutions for public and railway operators

Bahrain banks’ profit balloons to $1bn in Q1

The combined net profits of Bahrain’s banks nearly doubled to $1.1 billion in the first three months of this year, compared to $427 million in cumulative 

Dubai bourse sees biggest drop in 15 months

Dubai's bourse made its largest one-day drop in 15 months and Abu Dhabi's measure also fell as investors cut their market exposure ahead of a decision by index 

Some Dubai property speculation is OK – RERA boss

A certain amount of speculation in Dubai’s property market is “acceptable”, according to the head of the emirate’s real estate watchdog, as long as these purchases

Bahrain picks banks for potential bond issue

Bahrain has picked four banks to arrange investor meetings ahead of a potential sovereign bond issue, a document from lead managers said on Monday,

Qatar needs more healthcare staff, funding – study

Qatar will need to inject almost $550m more into its healthcare system, and hire nearly 2,000 more doctors and nurses in order to improve services in the Gulf state

London penthouse market tops $1.5bn

(The value of penthouse apartments currently on sale in London has exceeded £1bn ($1.5bn) on the back of recovery in the city’s prime residential market, research showed.
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