Leading stories of the day
Local lenders in Saudi Arabia are dominating the market, prompting overseas banks to surrender their licenses as they struggle to compete, the chief executive officer of Standard Chartered (STAN) Plc in the country said.…
|By TAP Staff| Oil prices have never been so stable as they are now since the breakup of Bretton Woods system…
|By TAP Staff| Indians were the biggest foreign investors in Dubai property in the first half of this year, while Saudis…
(Reuters) – Shake Shack, the fast-food restaurant chain famous for its hamburgers and milkshakes, is preparing to go public, seeking to…
LONDON, August 15 (Fitch) Fitch Ratings has affirmed Abu Dhabi’s Long-term foreign and local currency Issuer Default Ratings (IDR) at ‘AA’.…
Dubai’s two biggest builders are turning to bank borrowing to help fund projects as a rise in late payments from their…
Goldman Sachs and Qatar National Bank (QNB) are arranging a $800 million loan to help B.R. Shetty acquire a majority stake…
Dubai’s hotels had the lowest occupancy in at least 18 years in July, standing more than half empty, as more rooms…
Investment conglomerate Dubai World may resort to a familiar, but in recent times rarely used, legal mechanism set up at the…
|By TAP Staff| A Dubai-to-Boston flight with 367 passengers and crew members aboard has been grounded at Logan International Airport after…
Ras Al Khaimah Ceramics, the world’s largest maker of ceramic tiles, plans to focus on core products and exit such businesses…
|TAP Special| In its effort to unearth black money stashed away abroad, India has received data on over 24,000 instances of…
|TAP Special|Fighting in Iraq has had little impact on the overall market confidence in the Gulf as investors do not see…
Etihad Airways PJSC signed a 1.76 billion-euro ($2.4 billion) deal to purchase 49 percent of Alitalia SpA, giving the Gulf company…
Hong Kong, Indonesia and Pakistan are banking on pent-up investor demand as they look to raise up to a combined US$3.5bn…
Dubai mortgage lender Amlak Finance said on Thursday that all its creditors had approved a plan to restructure its debt, bringing…
|TAP Special| Dubai is going ahead with plans to submit candidature to host the 2024 Olympics and is expanding sports facilities…
Qatar’s emir has issued a law providing for foreign investors to own up to 49 percent of listed Qatari companies, part…
Egypt plans to build a new channel parallel to the Suez Canal in a 60 billion Egyptian-pound ($8.4 billion) venture to…
| TAP Special| A slowdown in the sales of Emaar Properties in the previous quarter may be attributed to Dubai properties…
|TAP Special| Dubai stands to gain from a changing shopping profile of Singapore as strengthening exchange rate, rising labour costs and…
The value of shares bought by foreign investors through swap arrangements on the Saudi stock exchange jumped in July, official statistics…
|TAP Special|Indians living in Dubai, Abu Dhabi and other GCC countries along with those in the US are among the victims…
|TAP Special| Some foreign banks with exposure to Dubai World are believed to be planning to divest parts of their debt…
|By K Raveendran| The Dubai real estate scene today has several similarities with the pre-crisis situation of 2008, which ultimately led…
Dubai luxury property developer DAMAC is offering investors the option of converting its Global Depositary Receipts (GDRs), listed on the London…
Tata group will invest about $35 billion over the next three years to focus on new business areas such as infrastructure,…
A federal judge on Wednesday ordered Bank of America Corp to pay $1.27 billion of damages after a federal jury found…