Stories that help determine the shape of economy in Middle East countries
The slump in the price of gold has brought investors all over the world closer to their much-loved asset. As gold, a known haven asset, became comparatively cheap in 2015, central banks showed a keen interest. Increased volatility…
Saudi Arabia may further ease restrictions on foreign ownership in the economy and overhaul one of the world’s most restrictive visa…
DP World’s long-serving chief executive Mohammed Sharaf has retired with immediate effect, the Dubai-based port operator said on Wednesday. Sharaf had…
Pressured by plunging oil prices and costly wars in the Middle East, Saudi Arabia moved to stamp out speculation that it…
Gulf Arabs could pull billions in investment money from the United States if Donald Trump wins the presidency later this year,…
|By Arabian Post Staff| A leading player in the Dubai real estate market has predicted a correction in the rental market…
|By Arabian Post Staff| The decline in investor sentiment driven by lower oil prices and a slowdown in government spending, as…
|By Arabian Post Staff| Heightening speculation about an impending change in Saudi Arabia’s currency policy has forced the kingdom’s monetary authorities…
Saudi Arabia’s potential initial public offering of its state oil company could be the largest ever, a juicy target for any…
|By Arabian Post Staff| The UAE’s non-oil private sector ended the year on a low note, with business conditions improving at…
|By Arabian Post Staff| Etihad Airways will replace the leased Jet Airways Boeing 777-300ER aircraft for its daily flight to and…
Saudi Arabia’s currency peg is no longer sustainable amid a slump in oil prices that threatens to further crimp government financing,…
At almost any other time, an escalating diplomatic conflict between OPEC members Iran and Saudi Arabia would mean a spike in…
|By Arabian Post Staff| Etihad Airways launched fresh legal action in a bid to overturn a German court’s decision to revoke…
Oil gained for a second day as Saudi Arabia cut ties with Iran a day after its embassy in Tehran was…
A blaze that engulfed a Dubai skyscraper on New Year’s Eve – the emirate’s third high-rise fire in three years –…
|By K Raveendran| Given Dubai’s fame as one of the most happening cities of the world, the international media attention to…
Emirates Global Aluminium (Emal) a joint venture between Abu Dhabi and Dubai, is said to be paying almost 40 percent more…
|By Arabian Post Staff| Buoyed by sharp fall in gold prices globally, India is likely to see a jump of 11…
|By Arabian Post Staff| A new study from IFC, a member of the World Bank Group, has found that external risks,…
Oil declined to the lowest level since 2008 in London amid estimates that OPEC’s decision to scrap production limits will keep…
The Dubai Gold & Commodities Exchange is introducing a spot gold contract next week before trading begins in 2016. The contract…
|By Arabian Post Staff| The UAE’s growth in new business was the weakest since April 2012, according to the purchase manager’s…
|By Arabian Post Staff| Zurich announced that it will begin a phased closing to new retail and small business customers in…
Oil has been on a steady decline in the past several months due to a surplus of the precious black liquid.…
|By Arabian Post Staff|Arabtec said its board accepted the resignation of acting chief executive Mohamed al-Fahim and appointed a replacement. The…
|By Arabian Post Staff| Masdar announced the start of the operational stage of its pilot programme in Ghantoot, Abu Dhabi, which…
|By TAP Staff| Middle East carriers recorded a 9.9% increase in passenger traffic demand in September, well down on the 13.7%…