Leading stories of the day
Dubai luxury property developer DAMAC is offering investors the option of converting its Global Depositary Receipts (GDRs), listed on the London bourse, into ordinary shares that would be listed on Dubai’s main stock market.…
The U.S. sanctioned three Russian banks and a state-owned shipbuilder that serves Russia’s navy and oil and gas industry, joining with…
The emirate of Sharjah has appointed HSBC, National Bank of Abu Dhabi and Standard Chartered to manage a debut sukuk transaction,…
|By TAP Staff| The Saudi decision to open up the stock market to foreigners could eventually lead to the Middle East…
Qatar’s state spending increased 12.7 percent last fiscal year, the lowest rate in 11 years, as slow growth in current expenditure…
|By TAP Staff| Dubai is behind UK’s Heathrow International airport by only fewer than 3,000 passengers daily to become the world’s…
The extra cost from rerouting hundreds of airliners around Ukrainian airspace, shut down following the downing of a Malaysian Air flight…
Following the U.A.E. Central Bank’s regulation to limit GRE exposure, Emirates NBD pledged to trim this. But its latest financial statement…
HSBC Holdings Plc (HSBA) and JPMorgan Chase & Co. (JPM) are among the banks set to profit after the Riyadh-based Capital…
Office rents in Dubai’s central business district surged 25 percent in the second quarter from a year earlier amid strong economic…
Saudi Arabia plans to open its stock market, the Arab world’s biggest, to direct investment by foreign financial institutions in the…
Singapore is willing to accept slower growth as a trade-off for social stability as it aims to keep down the number…
Call it a perfect market storm of wealth creation. Since the start of 2013, the Dubai stock market has registered a…
An impending bond issue by Abu Dhabi-based telecommunications firm Etisalat may not only be the region’s largest deal so far this…
Initial public offers of equity in Gulf Arab countries are set to boom, helped by lighter regulation and legal reforms as…
|By TAP Staff|Aldar Properties announced it has repaid a US$1.25 billion bond that matured at the end of May 2014 as…
Dubai saw the steepest house price growth globally over the past year despite government cooling measures, Knight Frank’s Global House Price…
Abu Dhabi’s economy expanded an inflation-adjusted 5.2 percent in 2013, its official statistics centre said on Tuesday, a much slower rate…
Qatar’s sizzling growth would slow if it lost the right to host the 2022 World Cup soccer tournament, but the tiny…
|By TAP Staff|Australasia was the fastest-expanding market for Dubai International in the first quarter, up 21.9 percent on the previous year,…
Dubai home prices, which rose the most in the world over the 12 months through March, slowed in the first quarter…
The authority of the free zone Dubai Silicon Oasis (DSOA) announced it plans to set up Dubai Technology Entrepreneurship Centre (DTEC)…
World travelers looking for a cheap place to stay may want to avoid Geneva, Dubai and Miami. The three cities rank…
A substantial number of Middle East funds intend to cut their exposure to stocks in the United Arab Emirates and Qatar,…
Ford Motor Co said on Thursday it is recalling 1.39 million SUVs and sedans in North America, most for the possible…
Emaar Properties has secured a $1.5 billion sharia-compliant loan from five local lenders, two banking sources aware of the matter said…
Although the world’s largest democracy has been hobbled by inflation, a declining currency and difficult business environment, the pro-business Bharatiya Janata…
Etisalat expects to conclude a long-delayed deal to allow competition in UAE fixed-line telecommunications services by the end of 2014, a…