The logistics firm said weakness in Egypt and investment costs in new African operations weighed on its results.
Taxis in the Kingdom will be been banned from picking up passengers on the streets, the transport ministry has said.
Seven consortia including Qatar Airways and Bahrain’s airlines are hoping to qualify for a new licence in the Kingdom.
The Australian government has permitted Etihad to increase its stake in Virgin Australia up to 10 per cent.
The low-cost airline carried 1.3 million passengers during the second quarter of 2012, up 15 per cent from Q2 2011.
Carriers in the region face a huge supply-gap of pilots and technicians unless they recruit drastically.
Farnborough Air Show: Airplane leasing company orders 20 of Boeing’s single-aisle 737 MAX 8s for the Gulf.
Farnborough Air Show: Two Premiership football teams have asked for sponsorship from the Doha carrier.
Farnborough Air Show update: The Doha-based carrier unveils new 787; Boeing and Airbus battle.
Lending to the shipping industry is facing stormy waters amid a difficult global backdrop.
First half revenues for Abu Dhabi’s airline are up 30 per cent as passenger numbers soar to almost five million.
Qatar Airways is keen to launch an airline in the Kingdom, but is worried about excessive fuel charges.
The Dubai-based port operator sold its 60 per cent stake to Australian firm Flinders.
Al Nabooda, the distributor of Porsche, Audi and Volkswagen in Dubai, plans major investment push.
The airline will fly 73 extra flights to Jeddah and Medinah Al Munawarrah from July 20 to September 1.
The oil giant signs agreement to sell its Vela marine unit to Saudi National Shipping Company.
Flights to Basra, the low-cost airline’s fifth destination in Iraq, are scheduled to start next month.
The Arabtec consortium, that includes Greek and Turkish firms, will build a terminal at the Abu Dhabi airport.
The demise of Gaddifi has unleashed a treasure trove of opportunity, but one that’s fraught with risk.
Media reports had claimed that Etihad and Qatar Airways were eyeing a minority stake in the Indian budget carrier.
Dubai’s flagship airline is looking at plans to lease aircraft in a deal with DNA2 and Goldman Sachs.
The Dubai-based airline announced that it has repaid its Islamic bond on maturity date.
The new route could increase the number of tourists from the UAE to Portugal to more than 100,000.
Dubai’s flagship airline will not refinance the sukuk and is expecting to repay the amount in full.
Flagship airline group seeks to recruit more nationals and promote Emiratis into management roles.
Regional airlines are expected to see profits drop in 2012 because of the Eurozone crisis, says IATA.
Nissan vice president Andy Palmer spills the beans on Infiniti’s race to beat Audi, BMW and Mercedes.
The Indian budget carrier will have direct daily services connecting Delhi and Mumbai to Dubai.
Abu Dhabi’s flag carrier has finally laid eyes on the Boeing 787 after ordering 41 of the aircraft for its future.