The expansion dovetails with the opening of Concourse A, the world’s first purpose-built A380 concourse, at Dubai International Airport in January
2013 revenue projected at a conservative SAR829 bn, according to Emirates NBD, as spending on education and healthcare to increase.
The Emirates CAE Flight Training Centre services over 200 aviation clients and trains more than 10,000 pilots and technicians a year
The Gulf state’s inflation rate will slow to 4.1 per cent next year, says central bank chief.
The government plans to spend $219 billion in 2013, 19 per cent higher than the amount budgeted for 2012.
Qatar Airways and Bahrain’s Gulf Air have become the first foreign airlines to obtain carrier licences in the Kingdom.
Airline claims Lindner Depa Interiors was to build 19 airport lounges at New Doha International Airport by the summer “but failed to complete the project on time”
The country faces political problems and a hangover from banks that were affected in the global economic crisis.
As part of the deal, Emirates will become the official airline of the ATP World Tour and the new title sponsor of the ATP Rankings.
The emirate’s tourism authority is holding a five-city road show in India in January.
The new facility at Terminal 3 of Dubai’s International Airport is scheduled to receive its first flight in January 2013.
Provisions set aside for specific NPLs fell slightly to Dhs65.3 billion at the end of October from Dhs65.4 billion in September.
The Indian carrier recently launched the Boeing 787 Dreamliner aircraft between Dubai and New Delhi.
The loan amount will be used for general corporate purposes.
The fall in the index was led by Kuwaiti investors selling out profitable positions ahead of holidays.
Former owner Cunard dismisses reports that the Queen Elizabeth II liner will be scrapped.
Over 13.4 million passengers passed through the capital’s airport in the first 11 months of this year.
Abu Dhabi Islamic Bank is the UAE’s first lender to receive a banking license in the African nation.
The plant, located in Jubail, is expected to start production in the second half of 2014.
Gulf Business brings you five last minute online deals available until Christmas.
Dubai International Airport is set to surpass its projected passenger traffic target of 56.5 million in 2012.
The 632-room resort Rixos Bab Al Bahr will be joined by the 349-room Waldorf Astoria Ras Al Khaimah.
The Majid Al Futtaim group is reportedly in talks to buy the supermarket business of Mansour Group.
Jeff Immelt, global boss of GE, opens up to Aarti Nagraj about ramping up regional spend, the challenge of leading 300,000 people and whether he sleeps at night.
The Gulf state had predicted a GDP growth rate of 4.5 per cent for 2013 in June.
The telecoms operator signed a $100 million three-year loan facility with Singapore’s DBS Bank last week.
The warning has been issued because of the “difficult and sensitive political circumstances in Lebanon,” says ministry.
Midyan, developed by Saudi Aramco, is expected to start production in 2013.
Qatari fund QSI bought French club Paris Saint-Germain in June 2011.