DUBAI: Mother-of pearl dashboards and diamond-encrusted hood ornaments at the Dubai International Motor Show this week underlined how the safe-haven status of the United Arab Emirates is fuelling dramatic growth in sales of luxury cars.
The (...)
DUBAI: Inflation in the United Arab Emirates eased to a three-month low of 1.3 percent on an annual basis in July helped by a weak housing market, data showed on Sunday, and analysts expect price pressures to remain low in the coming (...)
ABU DHABI: The Palestine Monetary Authority hopes to issue to banks its first ever Islamic bond worth $50 million by the end of June, its governor Jihad Al-Wazir said on Sunday.
The authority originally aimed to issue the bonds, or sukuk, in the (...)
DUBAI: Egypt has indicated it needs up to $12 billion to meet a funding gap but has yet to formally request a loan from the International Monetary Fund, an IMF official said on Wednesday.
"At this stage what we know is that the Egyptian (...)
DUBAI: Gulf Arab oil producing countries are in the final stages of reaching a deal on how to distribute revenues from customs duties, a senior official at the United Arab Emirates finance ministry said on Sunday.
The introduction of a customs (...)