Germany’s Lufthansa has announced plans to offer wirelessly streamed movies to passengers.
In a cabinet statement published on the official news agency, Qatar said it would not reciprocate with the same move.
Saudi Arabia, Bahrain and the UAE said on Wednesday they were withdrawing their ambassadors from Qatar.
The jumbo jet will feature eight seats/beds in first class, and customers will have access to an exclusive lounge on board.
The UAE has passed a new ruling exempting citizens from 13 European member states from requiring a pre-entry visa.
The new cinema complex is located at ‘The Beach’, a retail destination being developed by Meraas Holding in Dubai Marina.
Mannai and EFG-Hermes took control of the jeweller in April 2012, with Mannai holding 66 per cent of Damas.
Dubai and Abu Dhabi feature among the top 10 global cities seeing a rise in luxury residential property prices, according to Knight Frank.
They accused Doha of not implementing an agreement among GCC countries not to interfere in each others’ internal affairs.
The Kingdom’s stock market saw five IPOs in 2013 worth around $506 million, down in both volume and value from 2012.
The conglomerate obtained money for the prepayment from asset sales.
Under the deal, Arabtec Construction will build over 1,500 townhouses in Emaar’s Reem community.
New survey attributed the higher than average rates during the start of the year to the holiday season.
The city’s third Sofitel will have a strong artistic flavour
The company said EBITDA fell because of dropping revenue at its Indonesian unit Indosat and Myanmar start-up costs.
In 2013, there were four separate examples of consolidation in the Bahraini banking sector.
Ras Al Khaimah Ceramics has a market capitalisation of $781 million.
The 2014 Gulf Business Salary Survey reveals the best-paid jobs in the UAE.
Mubadala shifted some of its focus to emerging markets after the global financial crisis hit the United States and Europe.
Etisalat agreed to buy Paris-listed Vivendi’s 53 per cent holding in Maroc Telecom for 3.9 billion euros last November.
Development of the Saudi petrochemical sector is part of Riyadh’s strategy for diversifying the economy away from its dependence on crude export revenues.
Etisalat made a net profit of Dhs1.45 billion ($394.77 million) in the three months to December 31.
South Korea’s Daelim Industrial, France’s Technip, Spain’s Tecnicas Reunidas and Taiwan’s CTCI have submitted bids for the two-plant project in Jubail.
Unrealistic pay rises during boom time might prove counterproductive to a company’s growth, expert says.
The developer said it booked sales worth $2.5 billion in 2013 compared with $661 million in the prior year.
Over 11 million guests stayed in the emirate’s hotels and hotel apartments last year with occupancy rates reaching 80 per cent.
The telco said the money will be used for general corporate purposes.
Sarah Al-Suhaimi, currently head of asset management and chief investment officer at Jadwa Investment has reportedly been hired as CEO of National Commercial Bank.
The REIT will invest in between 15 and 35 properties and be managed by Swiss-based B&I Capital AG.
The deals include a $720 million package and agreements with Standard Chartered Bank and DBS Singapore.