Business Blog

Pakistan's central bank will auction a three-year local currency sukuk, or Islamic bond, more than a year after it last issued such an instrument, adding a much needed liquidity management tool for domestic Islamic banks.

Egypt, which was once the most favored tourist destination for Saudis, is now back in the sights of Saudi tourists after the election of Abdul Fattah El-Sisi as Egypt's new president.

Alfa said Tuesday it had seen a 30% increase in data consumption in June after reducing prices and increasing data caps.

Dubai has been ranked in the top three most popular destinations amongst high-net-worth Chinese travellers, rising from eighth place in 2013 to third in 2014.

A majority of UAE residents are a happy lot. According to a survey by WhichSchoolAdvisor.com, 84 per cent of those living in the country are "happy to be here."

Muscat International Airport witnessed a significant growth in year-to-date aircraft movements and passenger numbers by the end of April 2014.