The pipeline will supply gas to the town of Duqm and is estimated to cost around $200- 220 million to build.
The airline’s CEO said that it was unlikely that the struggling carrier would be dissolved or sold.
Lebanon’s Azadea Group will bring the fashion label to the Middle East later this year.
The Kuwaiti bank reported a net profit of KD302.4 million in 2011 compared to KD301.7 million in 2010.
Sibylle Schoen, CEO of luxury brand Aigner, tells Aarti Nagraj the story behind her success.
The kingdom’s oil minister has said that rising domestic demand will not affect crude oil exports.
According to the country’s Economy Minister, the Arab Spring has spurred growth in the UAE.
Qatar’s sovereign wealth fund is expected to acquire the property in a “few weeks.”
The country is scrambling to find an alternative to its threatened primary supply from Iran, Oman’s oil minister has said.
The Bahraini firm saw its subscriber base increase by 20 per cent year-on-year in 2011.
South Africa, a large importer of Iranian oil, is assessing the impact of international sanctions.
More than one in two institutional investors see Africa as an attractive region to invest in over the next decade.
The $9 billion refinery project in China is expected to produce 300,000 barrels per day of crude oil.
The country’s first trade deficit since 1980 raises questions how Japan will finance its huge public debt.
Shipments of 15.4 million iPads in the fourth quarter of 2011 gave Apple a 58 per cent market share.
The move will make the bourse the second publicly traded stock exchange in the region.
Alicia Buller catches up with Paul House, executive chairman of iconic Canadian cafe, Tim Hortons
The German car company delivered 11,000 vehicles in the region during 2011, recording a 21 per cent sales growth for the year.
The signing of $930 million worth of trade deals at the Bahrain International Airshow has raised expectations for 2014.
Maria das Gracas Foster will oversee a $225 billion investment proposal to more than double Petroleo Brasileiro’s oil output.
Abu Dhabi has recorded its most successful year ever in terms of hotel guest arrivals with some 2,111,611 visitors.
Jim Balsillie and Mike Lazaridis are replaced as Google and Apple take BlackBerry market share.
The social networking site will now let users know what their friends are doing on other sites.
The fast food giant will continue sponsoring the Olympic Games for another eight years.
Online shopping is surging in the Middle East as local buyers get comfortable using credit cards over the internet.
Saudi Arabia almost doubles income forecast, announcing a budget surplus of $81.6 billion for 2011.
The Spanish consortium won the bid to build the second phase of the HHR.
Qatar Nationals Hotels Company took over properties in Paris and Singapore.
The value of shares traded reached its lowest level since 2004.
Swiss and German investment funds are undertaking the project.