The company’s plan to raise QAR160 million through a share issue had ended after an investor pulled out.
More than 1.1 million passengers passed through the UAE capital’s international airport during January 2012.
The airline’s net profit for the fourth quarter of 2011 increased by seven per cent year-on-year to reach Dhs78.7 million.
The Bahraini banking group reported a 10 per cent increase in full year net profits for 2011.
The telecoms operator will not let go of any UAE citizens as part of the move, which is part of a restructuring plan to cut costs.
The Kingdom is concerned about keeping the global oil market well supplied as demand from Asian countries increases.
The decision follows the ruling of an Indian court to cancel 122 telecoms licences in the country amid a corruption scandal.
The proceeds from the dual-currency loan will be used to fund the first phase of the Al-Sufouh project.
Abu Dhabi-based Al Jaber Group may hire a new CEO as part of a $1 billion restructuring plan, according to sources.
Levant Capital and Citi Venture Capital International have acquired a major stake in the Al Raya supermarket chain.
The Health Authority of Abu Dhabi (HAAD) has found that many slimming products contain dangerous drugs.
The integrated mining project is expected to contribute around SAR15 billion to the Kingdom’s GDP per year.
The Bahraini carrier said that the sum has been outstanding from the time Oman pulled out of Gulf Air in 2007.
The company is reportedly in talks with banks for a loan to repay its $3 billion deal that matures in October.
Dubai-based Abraaj Capital is planning to bid for Calik Holding’s media assets, according to sources.
The financial centre welcomed 56 new companies in 2011 and is eyeing companies from emerging markets.
The cash injection into the Dubai Mercantile Exchange (DME) has diluted the stake of Dubai Holding.
The telecoms operator said it is discussing restructuring options as it struggles to stall dropping profits.
Qatar’s sovereign wealth fund acquired the building for an undisclosed sum and has now leased it back to the bank.
The bank has mandated Emirates NBD Capital, HSBC and Standard Chartered Bank to arrange investor meetings.
The transaction is set to create the world’s largest SME focused private equity group.
The recently inaugurated Green Line saw more than 11.8 million passengers during its first five months.
Saudi Arabia’s biggest property developer, Dar al-Arkan, plans to repay 3.7 billion riyals of debt this year, said CFO .
Sovereign wealth funds from the UAE and Kuwait have reportedly agreed to buy stakes in India’s ONGC.
The Gulf’s biggest dairy firm by market value, plans to start a roadshow this week.
The New Economic Cities announced six years ago are yet to begin contributing to Saudi’s economy.
The bank reported that net profit for the full year increased by six per cent from 2010.
The Dubai government will continue to help government-related bodies, says Sheikh Ahmed bin Saeed al-Maktoum.
The bond was five times oversubscribed and received orders from more than 270 investors globally.
The agreements were signed between Oman’s health ministry and Oman LNG.