Business Blog

As rival Samsung Electronics unveiled a suite of new products in a media launch on Wednesday, ahead of the IFA electronics show in Berlin, shares in Cupertino-based Apple Inc. took a nosedive.

New Year's is an extremely busy season for Dubai hotels, and it should come as no surprise that almost four months before the year turns over, the city's most popular luxury hotels are already fully booked for the last evening of 2014.

Pilgrims with criminal records or who were deported last Haj will be caught out by a new fingerprinting system upon arrival and sent back home, according to the Passport Department.

A project to affix location coordinate plates to buildings in Dubai that will allow residents to accurately inform authorities, taxis or guests of their precise location will begin in the first quarter of 2015, a senior official said.

Citymax Hotels is undergoing an aggressive expansion at present, which will see the mid-market hotel brand open its first hotel in Fujairah and a new one in Dubai, according to Russel Sharpe, the hotel chain’s chief operating officer.

Moody's Investors Service says the strong growth momentum in the sovereign sukuk market should be sustained as both Islamic and non-Islamic governments aim to tap increased demand for Shariah-compliant financial assets and further support their policy goals for Islamic finance.