Gulf Investors To Bid $2.3bn For Arsenal FC

Qatar and UAE-backed investors are expected to make what will be the largest ever bid for a football club.

Travel Review: Essaouira, Morocco

Away from the mystique of Marrakech, Essaouira has a few surprises for the traveller including an Atlantic coast that refreshes and revives.

Crowded Skies Hindering GCC Airports Growth

As airlines and airports in the GCC expand, air traffic management is becoming a serious concern, say experts.

Nomura To Hire In Dubai To Revamp Middle East Operations

The Japanese investment bank plans to increase business across investment banking advisory, debt and equity capital markets.

Badoit Reports Triple-Digit Growth Across Middle East

The Gallic brand also saw a four-fold increase in volume sales on the previous year.

Lionel Messi Named Global Brand Ambassador For Ooredoo

The soccer star will be supporting various programmes to increase life chances of young people in MENA and South-East Asia.

Abercrombie & Fitch To Launch In Middle East With MAF

American fashion house will open a Hollister store in Mall of the Emirates in Q3 of this year.

Turkish City Bursa Woos GCC Investors For Mega Project

The city is hoping that its upcoming $2 billion tourism development will attract investors and visitors from the Gulf region.

Kingfisher Airlines Loses Rights To Fly To Dubai

The carrier has lost its traffic rights allowing it to fly 21 times a week into the UAE.

Jet Airways Shares Surge On Report Etihad Deal Is Close

Etihad paid $70 million to India’s Jet Airways to buy three pairs of Jet’s slots at London’s Heathrow Airport.

Former Foreign Secretary Miliband Dismisses UK Ratings Downgrade

David Miliband called for investment and innovation, speaking at a conference in Abu Dhabi.

Marriott To Open 49 New MENA Hotels By 2017

The hotel group is officially launching the world’s tallest hotel, the JW Marriott Marquis Dubai, tonight.

“Being Global Doesn’t Matter” – Frost & Sullivan

The GIL 2013 event in Dubai highlighted the importance of visionary innovation and megatrends in business.

Egypt Hot Air Balloon Crash Kills 19 Tourists

Nationals from Britain, France, Japan and Hong Kong are among the dead after a gas explosion at 1,000 feet.

Peru – UAE Exports Rise Record 35 Per Cent

Food and beverages, mining and construction are among the growth sectors.

Abu Dhabi Royal Scraps Agreement For $45bn Pakistan Property Project

Sheikh Nahayan bin Mubarak has cancelled the deal less than two weeks after it was signed.

Chinese Bank ICBC ME Posts 69% Rise In 2012 Profit

Industrial and Commercial Bank of China’s Middle East unit posted a pre-tax profit of $54 million in 2012.

Barca Extend Etisalat Sponsorship Deal To June 2017

The deal confirms Etisalat as FC Barcelona’s main sponsor in UAE, Nigeria, Ivory Coast, Benin, Togo, Niger, Gabon and the Central African Republic.

GCC Food Consumption To Hit $106bn By 2018

Food is the largest segment of consumer expenditure in the region and stood at $83 billion year-end 2012, says new report.

Pictures: $75M Swiss Penthouse Targeted At Gulf Buyers

In return for their multimillion franc investment, owners will receive “full on effortless living”

Fiat Chrysler Group ME Sees 2012 Record Year

The U.S. car manufacturer – which houses the Chrysler, Dodge, Jeep and Ram brands – sold 25,321 vehicles in the region.

QNB Bid For 100% Of Soc Gen Approved

Qatar National Bank had planned to buy 77 per cent of National Societe Generale Bank last year.

Etisalat Picks Banks For $6bn Maroc Telecom Stake

Etisalat is talking to banks about a syndicated loan of up to $8 billion to finance the potential transaction.

Kerry Makes First Foreign Trip To Middle East

The top U.S. diplomat will visit Saudi Arabia, Qatar and the UAE in his nine-country whistle stop tour.

Rotana To Debut In Turkey

Twin projects near Istanbul target leisure travellers as operator seeks new revenue opportunities outside GCC

Turkish Airlines To Spend $120m On Ads This Year

The carrier’s recent advertisement featuring sports stars Lionel Messi and Kobe Bryant has received over 102 million YouTube hits.

UAE Etihad’s Pause Highlights India Investment Risk

Etihad’s pause over taking a stake in Jet Airways highlights the difficulties Gulf investors have faced in India.

Most Successful GCC Companies Abroad

A list of the most successful Gulf companies to take the international business world by storm.

Air Berlin Makes First Profit In Five Years

Shares in Germany’s second biggest airline jump after Etihad Airways buys stake in frequent flyer programme.

Drone Manufacturers Target Rising Gulf Arab Demand

“All countries in the Arabian Gulf are talking to us,” says one executive in the unmanned aerial vehicle business.