Qatar has a 17 percent voting stake in Volkswagen and Porsche said on Friday the state is set to take a seat on its supervisory board, underlining the more active role Gulf states are playing in the German auto industry.The

Gulf Arab states are likely to keep their large spending packages in place next year, even as major economies withdraw stimulus, as higher oil prices give the worlds top oil exporting region enough room to support a fragile recovery.The global

Dubais index led losses across Gulf Arab markets on Sunday, with most major stocks under selling pressure ahead of a key meeting between indebted Dubai World and its creditors on Monday.Government-owned Dubai World is expected to formally request a standstill

Top Dubai officials have been in talks with creditors in London on the possible repayment of all the banking debt owed by the troubled subsidiaries of the Dubai World group, a newspaper said Sunday.The possibility of repaying all bank loans

Despite fierce resistance to Googles plans to digitize the worlds books, observers say it is well placed to start scanning Europes cultural treasures beginning in France, where the US giant got a digital foothold this week.The Internet search giant on

A group led by Royal Dutch Shell, Europes largest oil company, signed a deal to develop Iraqs Majnoon supergiant oilfield, pledging to spend tens of billions of dollars on the project over the next two decades.Shell, along with Malaysias state-run

The funeral of Grand Ayatollah Hossein-Ali Montazeri, Iran's most senior dissident cleric, turns into another anti-regime rally in the holy city of Qom with mourners chanting 'death to the dictator'