Business Blog

Gulf News could not find a single phone booth occupied over a days-long random search in Dubai recently.

An extraordinary general meeting of Union Properties shareholders may consider making an application to increase the allowed proportion of foreign ownership to 25% of shares, from its current cap of 15%.

With the rapid expansion of Oman's economy and development projects, Islamic finance will have to play a significant part to meet increased funding requirements, according to H E Yahya al Jabri, chairman of the Special Economic Zone Authority at Duqm (Sezad).

Etihad Etisalat (Mobily) will pay a first-quarter cash dividend of SR1.25 per share, the telecom operator said in a statement.

The UAE hospitality industry will continue to see addition of more hotels over the next four years, with the Emirates adding 120 hotels and nearly 32,000 rooms to cater to the growing number of guests.

The Sharjah Investment and Development Authority (Shurooq) is rounding up preparations for its participation in the Arabian Travel Market (ATM 2014), which will take place at the Dubai International Exhibition and Convention Centre from the 5th to the 8th of May 2014.