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.
Do landlords in the UAE have a legal recourse to retrieve fees from absconding tenants?
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.
Unrest in Syria is causing chaos at the country’s banks, which posted bumper profits last year.
Recruiting private bankers in the Gulf is no easy matter. The region has some of the highest staff turnover rates in the world.
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.
DEWA has awarded ILF Engineers a consultancy contract for two solar projects, including its $3.26 billion energy park.
The capital emirate’s initial plans are being redrawn with much longer completion dates announced.
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 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.
Google found nearly half of the UAE uses the web for online banking and research.
The Habtoor Leighton Group (HLG), part of Australian firm Leighton, will work on the $1.3 bn Habtoor Palace project.
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.
Victoria’s $16.5 billion tourism industry has benefitted from Emirates’ marketing efforts, which include the Melbourne Cup
The transaction is set to create the world’s largest SME focused private equity group.
The region may even top the world in terms of growth of wealthy individuals this year, according to experts.
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.