Brent crude held above US$111 a barrel on Monday as hopes Greece can avoid a near-term bankruptcy brightened the outlook for oil demand from Europe, while violent protests in Egypt reignited supply concerns.
Egypt’s main stock index fell nearly 10 percent on Monday as fresh clashes over President Mohammed Morsi’s proposed constitutional changes consumed central Cairo.
The Gulf region, which has large numbers of migrant workers, continues to see "robust growth" in remittance flows when compared to Western Europe, a new World Bank report has said.
Qatar Holding LLC has cashed in on its remaining warrants in Britain’s Barclays Plc, a move that still leaves the sovereign wealth fund as the bank’s top shareholder while their relationship faces legal scrutiny.
UAE-based Network International has gained a foothold in India by taking control of TimesofMoney, a digital payment firm, in a move that it hopes will help it to earn a slice of the lucrative remittances market.
Almost 37,000 motorists were caught talking on their mobile phones while driving during the first 10 months of this year, Dubai Police said.