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Emirates airline, the biggest buyer of the "superjumbo" Airbus A380, said Wednesday it is considering increasing its order for the double-decker plane despite delays on existing orders.
Visitors will have to wait until early next year for the opening of the world's tallest building in Dubai.
Barclays shares dropped 5 percent Tuesday after the British bank's largest shareholder, Qatar's sovereign wealth fund, said it was selling a stake worth more than $2 billion.
The head of private equity giant Blackstone Group said Wednesday the industry's worst days have passed as he confirmed plans to cash in on up to eight of the firm's companies "in the near future."
The Abu Dhabi investment fund with the biggest stake in Mercedes-Benz said Sunday it has spent $328 million for a piece of a Brazilian bank recently floated by Spanish financial giant Banco Santander.
The Middle East has weathered the global economic downturn better than other parts of the world because its energy exporters were able to tap billions of dollars in oil profits collected when prices were booming, the International Monetary Fund said Sunday.
Qatar's sovereign wealth fund said Saturday it has become the biggest shareholder in the company that owns much of London's Canary Wharf business district, highlighting a renewed appetite by Gulf investors for property in well-established markets.
In dusty and sweltering Industrial Area 13, just beyond the glow of Dubai's illuminated skyscrapers, Abdullah Kuttakunnil serves patrons of Kannur Restaurant by candlelight.
Dubai opened the Arabian Peninsula's first metro system Wednesday, hoping to capture the world's spotlight on the catchy date of 9/9/09 — whether the sleek system is fully ready to go or not.
Walk through the grand arched entrance of Universal Studios' Dubai theme park, and you step into ... wind-swept desert.
Cargo handler DP World said Thursday business at its ports dropped 10 percent in the first half of 2009 as the shipping industry struggles through its worst slump in memory because of the global recession.
The Mideast investment fund with the biggest stake in Mercedes-Benz's parent said Tuesday it will pay about $280 million to buy nearly a third of commercial space travel startup Virgin Galactic.
BlackBerry users in the Mideast business centers of Dubai and Abu Dhabi who were directed by their service provider to upgrade their phones were actually installing spy software that could allow outsiders to peer inside, according to the device's maker.
The cash-strapped Dubai owner of the QE2 is weighing plans to open the British ocean liner as a floating hotel elsewhere in the Middle East or Africa rather than in the struggling Persian Gulf sheikdom.
As many as 30 people are feared dead after a ship capsized and quickly sank in choppy Persian Gulf waters off the Qatari capital Doha, the vessel's operator said Wednesday.
Several airlines flying the type of plane involved in the Air France crash said Tuesday they use a different brand of airspeed sensor than those aboard the doomed flight, distancing themselves from instruments seen as a possible factor in last week's accident.
Arab sheikdoms eager for higher international profiles are ratcheting up their aviation race despite the global economic slump.
Economic growth in the Middle East and Central Asia could slow by more than half this year, but the region should still fare better than most others thanks to government intervention and stockpiles of oil wealth, the International Monetary Fund said Sunday.
Cargo handler DP World warned Wednesday it sees no end to a shipping slowdown that has left some of its ports struggling with a double-digit drop in business because of evaporating global trade.
The Dubai developer helping build the $8.6 billion CityCenter complex on the Las Vegas Strip said Monday it is suing struggling partner MGM Mirage amid concerns about the project's viability.
A company owned by the government of Abu Dhabi has pumped an additional $1.41 billion into Aabar Investment PJSC, giving the emirate majority control in the investment firm set to become Daimler AG's biggest shareholder.
Emirates, the biggest customer for Airbus' A380 "superjumbo," said Sunday it still has confidence in the jetliner despite some concerns about its reliability.
The Middle East's most ambitious city has worked hard to build a reputation not just as a financial powerhouse but also as a tolerant and wealthy patron for international sports and arts. The image has paid off with big-name, lucrative tournaments and festivals.
Iraq's oil minister said Tuesday that OPEC is "of course" weighing fresh output cuts to prop up prices, and, also underscored his government's expectation that contractors start work quickly or risk losing lucrative oil deals.
The hulking, modern cargo port unveiled here over the weekend with song and dance honoring Djibouti's Somali and Afar heritage looks out of place in such a hardscrabble landscape.
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