Saudi Arabia is considering plans to increase an Islamic tax paid by local banks to as much as 20 percent, or double the current rate, according to people...
Dubai’s homeowners will have to wait at least a couple more years for a long-running property slump to hit bottom as developers put a record number of new...
Oman’s government, whose budget deficit is among the largest of all the sovereigns tracked by Fitch Ratings, will tap capital markets for a fourth straight...
Abu Dhabi is on another push to stimulate its economy. This time the sheikhdom is waiving some business fees and slashing others after slowing growth in the...
The United Arab Emirates’ plan to grant long-term visas to the country’s largely expatriate population excludes most foreign residents, benefiting only the...
Ever since the first gleaming towers sprang out of the desert, Dubai has gotten used to rapid change. It’s no stranger to boom-and-bust. What’s...
Show up, swipe in. The routine is familiar to office workers everywhere. In Kuwait, it proved too much to ask. The government was trying to trim a wage bill...
Four months after rejecting a broker’s advice to slash his rent demands on a new Spanish-style villa in Dubai, the homeowner was ready to accept a 20...
The United Arab Emirates denounced Djibouti’s cancellation of DP World Ltd.’s contract to run the Doraleh Container Terminal, calling it an “arbitrary”...
Iraq plans to return to the global bond markets next year to raise $2 billion to finance its budget deficit, central bank Gov. Ali al-Allaq said Sunday, as...
Bahrain has asked Gulf Arab allies for financial assistance as it seeks to replenish its foreign-exchange reserves and avert a currency devaluation that could...
Qatar’s central bank is easing its banking rules for expats, as it grapples with a regional economic boycott about to enter its sixth month. The regulator...
Abu Dhabi’s government-owned development fund is betting on U.S. technology in a multibillion dollar spending plan that will see it partnering with Saudi...
Some Qatari banks are becoming less willing to sell dollars to foreign lenders amid a lingering regional standoff with a Saudi-led alliance, according to...
Qatar is considering raising at least $9 billion from international bond markets as the gas-rich nation boycotted by its neighbors seeks to replenish state...
Kuwaiti officials are considering an annual public spending cap of 21 billion dinars ($69.5 billion) on average over the next three fiscal years to help the...
Some international banks are serving Qatar from London and New York instead of Dubai’s financial center as the ongoing standoff makes it harder to do business...
RIYADH: All oil producers participating in a deal to limit output agree on extending the cuts by nine months to help trim a supply glut, according to Saudi...
DUBAI: Oman plans to sell $2 billion of Islamic bonds this month as it seeks to trim a large budget deficit caused by lower oil revenue, Finance Minister...
Saudi Arabia’s budget next year will be “expansionary but not significantly” and in line with plans to balance state finances by 2020, Finance Minister...
The angst against foreigners that’s sweeping the globe isn’t skipping the oil-rich Middle East. Safa al-Hashem, the only woman in Kuwait’s...
Abu Dhabi, which sits on about 6 percent of the world’s oil reserves, has pushed ahead with a construction program that began before crude prices slumped in...
DUBAI: Dubai home prices are set for another year of decline with supply outstripping demand even as developers delay the completion of properties, according...
DUBAI: Saudi Arabia is working with PricewaterhouseCoopers on plans to cancel about $20 billion of projects as the kingdom seeks to shore up its finances, two...
DUBAI: A bad day to turn up late: Dubai’s ruler encountered a lot of empty chairs Sunday when he decided to do a surprise spot check on two ordinarily busy...