Most Viewed Middle East Business News

As US markets are crashing and burning (except for today) rumors are starting to circulate in the financial markets about another crash--Dubai. There has been a dramatic surge in borrowing by Dubai to build massive super structures like the world's...

US interest rate-setters, led by Federal Reserve chairman Ben Bernanke, are expected to cut rates from the current level of 1% on Tuesday. They are expected to lower it at 1415 EDT (1915 GMT) to 0.5% or even 0.25%. As...

Dubai's Emirates Airlines became Boeing 777 aircraft's largest airline operating company of the world. Now the company have 78th Boeing 777 aircraft arrievd. Still, yet 28 Boeing 777 aircrafts to be supplied to Emirates Airlines . This the world's only...

An Iraqi trade delegation and Officials from Qeshm Iranian enterprise sealed a memorandum of understanding regarding multilateral cooperation and that in order to enhance trade cooperation between the two countries. A source in the Iranian enterprise said that the memorandum...

Jeddah: An invitation of goodwill was recently extended on behalf of the Government of Pakistan by the Honorable Mr. Rauf A. Siddiqui, Minister of Industries and Commerce to Mr. Abdullah I. Al-Azhari, Saudi Arabian Airlines (SV) MGR Pakistan, to a...

Iranian artists have created the world's largest sand carpet from the colorful sand found on the country's southern island of Hormuz. Some 25 visual artists used 70 types of colorful sand to create the 'Persian Gulf' sand carpet, which will...

Steel Fab 2009 exhibition held in Sharjah, United Arab Emirates (UAE) from Jan 19 to Jan 22 attracted both more exhibitors and few business deals. The exhibition is organized by Expo Center Sharjah with the support from the Sharjah Chamber...

Dubai government developer Nakheel hopes to sell a penthouse in Donald Trump's towers on Dubai's first artificial island for more than $30m, which would smash the emirate's record for its most expensive apartment. The two towers of the Trump International...

In recent months, the financial crisis has pushed back the food crisis, which had dominated the headlines for the past eighteen months. But falling prices and corporate bankruptcies cannot hide an appalling fact - if not starvation, at least a...