Two more 787s have been grounded after mechanical problems and fuel leaks.
Accor’s latest contract targets underserved sector
A feasibility study is currently being carried out on the proposed project.
The Gulf state aims to merge eight state-run pension funds to improve efficiency.
Gulf carriers are looking to capitalise on national carrier LOT’s precarious commercial situation, and others regionally
The country’s government said the changes bring Kuwait into line with democratic norms elsewhere.
Sheikh Hamad bin Jassim al-Thani has said $0.5 billion will be a grant while $2 billion a deposit.
The emirate’s residential property index jumped 13.46 per cent in 2012.
The two Abu Dhabi-based property developers have a combined market capitalisation of about Dhs10 billion.
The company has launched it’s first store outside the Middle East in London.
The proceeds of the sukuk will be used to refinance existing debt and to invest in company projects.
The number of stores at the adjacent shopping centre is set to rise from 200 to 350 this year.
The UAE government’s two-month amnesty programme extends until February 4.
The Louvre museum in the emirate is due to be completed in 2015.
Capivest, Elaf Bank and Capital Management House have merged after more than a year of negotiations.
The proceeds will be used to settle trade creditor claims against the Dubai developer.
The emirate’s real estate sector edged backed to life in 2012.
Apartment rents in Dubai rose seven per cent year-on-year, while villa rents increased six per cent year-on-year in 2012, says new report.
It marks the airline’s fifth route in Saudi, alongside Riyadh, Jeddah, Medina and Dammam
Gulf Air cited “commercial reasons” for the decision, which will place the carrier under renewed scrutiny.
The investment firm is currently in the midst of a Chapter 11 bankruptcy process.
Well-known hotel sports ‘chic new look’ and aims to serve as a contemporary city escape for business and leisure travellers
Oil prices in 2013 are expected to be similar to prices in 2012, says UAE energy minister Mohammed Dhaen Al Hamli.
The French broadcasting station’s new venue will act as a fashion studio, a restaurant and a VIP night lounge.
A UAE central bank circular issued last week said mortgage loans for foreigners should not exceed 50 per cent of the property value.
Workers in Saudi Arabia are expected to see the biggest salary hikes in the region at six per cent, says new study.
The passenger complex at the new Dubai World Central Al Maktoum International Airport could open as soon as Q1 2013.
Alba received a five-year $85 million loan from Bahrain’s Gulf International Bank and a three-year loan from a group of banks.
A new Carrefour hypermarket and a 14-screen Vox Cinemas multiplex are part of the mall’s renovation plan.
The Dubai-based lender already owns a 58.2 per cent stake in Tamweel.