The new pipeline is expected to end the UAE’s dependence on the shipping route that Iran has threatened to block.
Poor outlook for the US economy and rising supply pushed oil prices to around $92 per barrel on Thursday.
The number of Lebanese visitors staying at Dubai’s hotels rose two per cent year-on-year during Q1 2012.
The luxury hotel chain group has specific discussions going on in Mumbai and Delhi, its chairman has said.
The Canadian hotel operator announced that it will open its first resort in Dubai by mid-2014.
Oil prices briefly fell below $95 a barrel on Tuesday on Eurozone worries, but bounced back again.
The UAE ranks highest in the region for global retail expansion, says a report by A.T. Kearney.
The pro-bailout party has won the elections in Greece, ensuring that the country stays within the Eurozone.
Country will not become the next Greece, says Her Excellency Cecilia Meireles, Portugal’s Minister of Tourism.
Kuwait Investment Authority is reportedly planning to invest in Malaysia’s IHH Healthcare’s $2 billion IPO.
Tunisia’s ousted president has been sentenced to jail in absentia for inciting violence and murder.
Luxury retailers in the emirate are hiring Cantonese and Mandarin speaking staff to cater to Chinese visitors.
Beirut beats Abu Dhabi to reach the regional top spot on Mercer’s global cost of living study.
The Kingdom’s cabinet has approved authorities to hold discussions with Turkey for a joint electricity grid.
Arqaam Capital says that the regional corporate bond market will also grow substantially by 2014.
Former Egyptian president Hosni Mubarak is in a critical condition and needs urgent care, his lawyer has said.
Concerns about the Eurozone debt crisis pushed crude oil prices towards its lowest so far this year on Tuesday.
Regional airlines are expected to see profits drop in 2012 because of the Eurozone crisis, says IATA.
The $125 billion aid package received by Spain to boost its banks has revived oil demand hopes.
Eurozone ministers have agreed to lend the amount to help Spain revive its struggling banks.
The Indian budget carrier will have direct daily services connecting Delhi and Mumbai to Dubai.
The African country has invited the UAE to invest in industries relating to oil and gas exploration.
The stock exchange will pay $40 million to investors hit by technical glitches during Facebook’s IPO debut.
Over-consumption and globalisation are leading to unprecedented levels of eco-damage, says the UNEP.
Qatar Telecom will pay $1.47 billion to increase its stake in Iraqi operator Asiacell to 60 per cent.
English speakers in the region can earn three times more than those who don’t speak the language, says study.
Abu Dhabi-based Etihad buys a four per cent stake in the Australian airline for an undisclosed price.
Dubai-based Emirates Airline has begun a non-stop daily flight service to Ho Chi Minh City.
Billionaire investor George Soros warns European authorities to act quickly or risk the Euro collapsing.
The European lender has received approval to merge its Omani business with Oman International Bank.
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