Leading stories of the day
It is only a matter of time before the stock market plunges by 50% or more, according to several reputable experts. “We have no right to be surprised by a severe and imminent stock…
Dubai’s Mashreq has increased the limit on foreign ownership of its shares to 49 percent, its chief executive said on Monday,…
Iran’s largest private bank is suing the British government for almost $4 billion in damages after the Supreme Court quashed sanctions…
Rakuten Inc, one of the world’s largest Internet services companies, announced its acquisition of pioneering messaging and VoIP company, Viber. Rakuten…
German Chancellor Angela Merkel said on Saturday she would talk to French President Francois Hollande about building up a European communication…
A well-timed launch saw Dubai Investments Park achieve favourable terms on its debut $300 million, 4.296 percent five-year Reg S sukuk…
Photos of the world’s tallest building are stunning in their own right. But this shot by photographer Michael Shainblum of the…
Indian mobile phone market leaders Bharti Airtel and Vodafone bought airwaves worth about $3 billion each in a hotly contested auction that raised…
A one-two punch of bad weather and overproduction has ignited a price war among U.S. car dealers and manufacturers. Frigid temperatures…
HH Sheikh Mohammed bin Rashid al-Maktoum has been cleared of any wrongdoing following a doping scandal at his Godolphin racing organisation…
Aldar Properties will look to refinance 7.9 billion dirhams ($2.2 billion) worth of debt this year, and is open to bank…
Janet Yellen, fresh from taking the helm of the Federal Reserve, made it clear on Tuesday she would not make any…
The health of the U.S. economy and the extraordinary and controversial measures the Federal Reserve has taken to support it will…
Gold rose to a two-week high, set for the longest rally since October, as U.S. jobs data missed estimates and Chinese…
The regulator of Dubai’s tax-free financial centre said on Sunday that Deutsche Bank had been found to be in “material non-compliance”…
Burj Khalifa is not only the tallest tower in the world, but it is also the most popular among tourists attraction…
|By TAP Staff| [easy_wiki]Middle East[/easy_wiki] airlines recorded the strongest increase in passenger traffic in 2013,a rise of 12.1% compared to 2012,…
Internet search company Google Inc will own a 5.94 percent stake in China’s Lenovo Group Ltd worth $750 million once Lenovo’s…
Dubai’s largest real estate developer Emaar Properties regained an investment-grade credit rating on Wednesday, marking the emirate’s strong recovery from its…
Moody’s Investors Service has withdrawn all ratings for Dubai Holding Commercial Operations Group, a unit of the ruler of Dubai’s fund. The…
Abu Dhabi and Dubai completed due diligence on a potential merger of the two bourses in the United Arab Emirates, bringing…
Facebook, Microsoft, Yahoo and Google on Monday began publishing details about the number of secret government requests for data they receive,…
Dubai Pearl announced the sale of prime property assets valued at US$1.9 billion (AED 6.8 billion) within its 20 million sq…
U.S. stocks fell for a third week, the longest slump since 2012 for the Standard & Poor’s 500 Index , after…
Passenger flows through Dubai’s main airport, the world’s second busiest for international traffic, jumped 15.2 percent in 2013 thanks to expansion…
For a bellwether, Emaar Properties — builder of the world’s tallest tower — has done quite well for itself in the…
Dubai’s flagship airline Emirates is expected to move all of its operations to the emirate’s new Al Maktoum International Airport after…
The Reserve Bank of India unexpectedly raised its policy interest rate on Tuesday by 25 basis points but said that if…