Leading stories of the day
|By TAP Staff| A shortage of prime office space in Dubai, which is being underpinned by robust demand, has translated into strong upward pressure on rents across the city, and a rapidly diminishing supply…
Sliding oil prices, leverage and sheer panic have exposed the fragility of Gulf equity markets just as they are becoming mainstream…
Dubai family-owned conglomerate Al Habtoor Group has cast doubt over plans for an imminent initial share sale but expects revenues to…
Oman’s stock market sank on Sunday after Standard & Poor’s cut its outlook for the country’s sovereign rating and local cement…
Dubai is confident that it will be able to raise equity and debt to finance all its huge development projects over…
The latest entrant into Islamic finance is leading the industry in the new direction of socially responsible investment – which could…
Oil market analysts are debating if oil will fall to $50. In North Dakota, prices are already there. Crude sold at…
Dubai Aluminium (Dubal) has chosen three banks to arrange a $1.8 billion seven-year loan to help fund general operations, its first…
|By TAP Staff| Construction data miners at Emporis have published a chart of the world’s most expensive buildings. According to the…
|By TAP Staff| Saudi Arabia’s bourse regulator on Tuesday suspended share trading in the shares of Mobily and Zain Saudi after…
Some 70 percent of creditors to state-owned conglomerate Dubai World have agreed, subject to approval, to the revised terms of the…
Voters today rejected a referendum requiring the Swiss National Bank hold at least 20 percent of its 520-billion-franc ($540 billion) balance…
Gulf stock markets plunged in early trade on Sunday after OPEC’s decision to keep crude output unchanged sent oil prices tumbling…
OPEC’s decision to cede no ground to rival producers underscored the price war in the crude market and the challenge to…
State-owned conglomerate Dubai World will meet with its creditors next week to formally present revisions to its multi-billion-dollar debt restructuring terms,…
|By TAP Staff| Within the tech industry this year, several companies from Amazon to Facebook to Twitter have publicly released their workforce diversity demographics.…
|By TAP Staff|Saudi billionaire Prince Alwaleed Bin Talal Bin Abdulaziz Al Saud secured a London court ruling in his favour in…
Dubai’s Amlak Finance said on Tuesday it had signed a $2.7 billion debt and financing restructuring deal with creditors. The Islamic…
Three more private companies are expected to list shares on the UAE stock exchanges’ secondary market by mid-2015, the head of…
Iran may propose that OPEC cut its output target by as much as 1 million barrels a day to halt the…
Saudi Arabia’s Etihad Etisalat (Mobily) has suspended its chief executive Khalid al-Kaf, the kingdom’s No.2 telecom operator by subscribers said on…
A panel of national representatives reviewed OPEC’s oil market outlook for 2015 this week, OPEC sources said, preparing the ground for…
The Telangana government Saturday decided to build the world`s tallest tower and skyscrapers at 40 places around Hussain Sagar lake in…
Bad debts in China are well underestimated because authorities persist in propping up weak companies and bailing out local investors, according…
New aircraft and fresh routes will help Dubai’s flagship carrier Emirates grow profit by no less than eight to ten percent…
|By TAP Staff| JAFZ, EZW’s primary business unit representing 97 per cent of revenue and operating profit for the year ended…
Dubai’s Limitless will pledge its future revenues to service debt repayments as it attempts a second restructuring of a $1.2 billion…
|By TAP Staff| Amanat Holdings announced that its AED 1.375 billion Initial Public Offering (IPO) was nearly 10 times oversubscribed. The…