70% of planned UAE real estate 'will fail to materialize in 2016.
Dubai tourism allure undiminished by New Year’s Eve fire, says tourism chief.
Sharjah GDP grows 8%, eyes growth in industrial and retail sectors.
Etihad Rail suspends tendering process for phase 2 of UAE rail network.
Emirates ID replace health insurance, ATM cards; driving license next.
UAE's Lulu named among world's fastest growing retailers.
Dubai reveals plan for world's largest wellness project.
Iran set to buy 127 Airbus planes. Hurdles remain as Iran seeks aviation investment. Gulf airlines squeezed by Iran tensions. Iran, China agrees to increase trade to $600bn in the next decade.
Saudi eyes foreign non-oil investment as crude slumps. Saudia (Saudi’s main airline) is planning $1.3bn bond in Q2 to finance new planes. Saudi reforms ambitious, challenging. Saudi consumer spending growth slowing.
Kuwait sees tough 2016; oil at $40-60 till 2020. Kuwait forecasts $40 billion budget deficit. Kuwait is planning $100bn new sovereign wealth fund.
Bahraini businessmen warn of private sector layoffs. Bahrain to lift energy subsidies ‘gradually’ over four years.
Egypt increases tariffs on range of imports.
Oil rises towards $34 on chance of production cut. Within OPEC, Iran is a challenge to any deal on oil cuts.
Mideast buyers invest $5.22bn in European hotels.
Iraq needs $1.56bn to finance humanitarian crisis caused by war against ISIL.
China set to adopt 6.5-7 percent growth target range for 2016-sources.