Six Arrested In $45m Global Cybercrime Involving RAKBANK, Bank Of Muscat

The five men and one woman, all residents of New York City, were accused of being members of an unnamed global cybercrime organisation

Saudi’s Flynas To Fly Long Haul

Flynas is the second low-cost airline regionally to offer business class seating.

Libyan Wings Takes Flight With Airbus

The airline has signed an MoU for three A350-900s and four A320neos.

Dubai Airshow: Airbus And Boeing Sign Gulf Supplies Deals

Airbus agreed a new deal on Monday with Abu Dhabi’s state investment fund Mubadala.

Flydubai Sees Burgeoning Demand For Budget Travel

Ghaith Al Ghaith believes there are not enough flights in the region but the demand is there.

Dubai Airshow: Boeing Shows Off F/A-18 Fighter

Executives are worried whether the fighter plane will receive enough new orders needed to maintain production past 2016.

Etihad Boosts European Network, Launches New Zurich Route

The move follows the Abu Dhabi carrier’s acquisition of a 33.3 per cent stake in Swiss airline Darwin.

Dubai Airshow: Etihad Rebrands Swiss Carrier Darwin With 33% Stake

Following completion of the deal, Darwin will be rebranded as Etihad Regional.

UK PM Cameron Meets Dubai Ruler, Backs 2020 Bid

As part of an official UAE visit, David Cameron also visited Dubai World Central, the venue of the Dubai Airshow.

Dubai Airshow: Boeing Denies Plan To Speed Up 777X Jet Development

The US aircraft manufacturer said it was sticking to plans to deliver the 777X in mid-2020.

Boeing Vs Airbus: The Grisly Battle For The Gulf

Mudslinging between nemeses can be risky, especially in the aerospace sector. But with both aircraft manufacturers holding global press announcements this year, ‘my plane is better than your plane’ comments
were inevitable.

Egypt Relies On Gulf Aid For Economy: Then What?

Since the 2011 uprising that toppled Hosni Mubarak, Egypt has burned through $20 billion dollars in foreign reserves.

Arab Spring Nations Backtrack On Women’s Rights

A Thomson Reuters Foundation poll on 22 Arab states found three out of five Arab Spring countries in the bottom five states for women’s rights

Growing The Gulf As An Aviation Hub

The region’s aviation future looks bright, but attention must be paid to capacity and safety challenges, says Hussein Dabbas, MENA regional vice president for the International Air Transport Association (IATA).

Boeing Values Future ME Market At $550bn

The plane manufacturer predicts the region will need 2,610 new airplanes over the next 20 years.

UK Grants Visa Waiver To Emiratis

The UK is the first European country to grant a visa waiver to Emiratis.

Landmark Plans Major GCC Expansion For Sports One

The retail conglomerate plans to expand open 34 new Sports One stores across the region by 2016.

Emirates Adding Second Daily A380 To Munich

Munich authorities will have weighed up the increased traffic benefits against the impact it will likely have on Lufthansa’s Dubai-Munich loads.

GCC Has 61 Private Banks – New Report

Almost half of them – 31 – are international banks, all located in Dubai, says study by Insight discovery.

OPEC Oil Output Remains Higher Than 2014 Demand

OPEC forecast demand for its oil in 2014 will average 29.57 million barrels per day.

E-Retail Should Complement Malls – Tejuri Boss

E-content in e-commerce platforms are driving overall sales, industry experts say.

U.S. To Surpass Saudi As Top Oil Producer By 2016

But by 2020 the oilfields of Texas and North Dakota will be past their prime and the Middle East will regain its dominance.

Twitter Shares Found Suitable For Islamic Investment

The social media company’s share price soared in last week’s New York Stock Exchange debut after a $1.8 billion initial public offer.

Renault Middle East Reports 34% Sales Rise

The French manufacturer saw a 38 per cent sales rise in Abu Dhabi and a 33 per cent increase in Dubai.

The Global Pilot Shortage

As the international aviation industry expands, will there be enough trained pilots to fly the planes?

Regional Instability Threatens Gulf Food Security

Over 80 per cent of the Gulf’s wheat comes through the Suez Canal and 80 per cent of its rice supply through the Strait of Hormuz.

UAE To Send $10m To Typhoon-Hit Philippines

Typhoon Haiyan has left an estimated 10,000 people dead and four million affected after it hit land on Friday.

Open Doors For India’s Airspace?

Is India set to loosen its protectionism over the national airline sector? It’s about time it did.

UK Eyes Further Kuwaiti Investments

London Mayor Boris Johnson hopes to attract greater Kuwaiti investments to the UK.

Islamic Capital Markets To Provide Major Stimulus For Economic Growth

Rising international demand for infrastructure and investment project financing is likely to stimulate growth in the UAE, Qatar and Saudi Arabia.