The low cost carrier recorded a net profit of Dhs49.2 million during the first quarter of the year.
The Dubai-based airline bagged four awards at the Business Traveller Middle East (BTME) Awards 2012.
Dubai’s Mall of the Emirates will host Prada’s third biggest store worldwide and American pancake house IHOP.
An Arabtec consortium is in final talks for a $3 billion contract to expand Abu Dhabi’s international airport.
The airport is increasing measures to cater to the rising number of visitors from the Gulf.
The Gulf countries are discussing means to improve regional security issues.
The Omani telecoms company reported a net profit of $75.58 million during the first quarter of the year.
The Dubai utility received several Expressions of Interest (EOIs) from international firms for 10MW plant.
Dubai’s Drydocks World has signed an agreement with a Swiss firm to build the new hotels.
Ian Johnston will take over from Paul Koster, who completes his term at the financial services regulator.
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Compared to the rest of the world, GCC nationals on average spend 260 per cent more on airfares.
The Abu Dhabi-based private jet operator has partnered with a UK based travel firm to offer luxurious holiday packages.
Emirates Airlines will acquire other carriers at “the right time,” its chairman Sheikh Ahmed Al Maktoum has said.
The low cost carrier is planning to hike ticket prices due to increasing fuel costs, said its CEO, Ghaith al-Ghaith.
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Kuwait’s government has proposed wage increases of up to KD330 per month for private sector workers.
The emirate’s hotels also recorded a nine per cent rise in guest numbers during the first quarter of the year.
Saudi Arabia expects the project to be completed in 2015, the General Authority for Civil Aviation has said.
Dubai will use the proceeds from its $1.25 billion Sukuk to expand its airport, according to Sheikh Ahmed al Maktoum.
The emirate is aggressively developing its hospitality sector and aims to attract 2.5 million visitors by 2015.
According to UNWTO, tourist arrivals in the region are set to grow seven per cent per year over the next 20 years.
Last year, 80 per cent of the Gulf travellers visited the German city for medical reasons.
Bullion rose as the latest data released by the US weakened the dollar.
Regional hotel operators must invest in new technologies to stay ahead, say industry experts.
The bank reported a net profit of Dhs245 million for the first quarter of the year.
Jumeriah boss, Gerald Lawless, said the GCC could introduce an electronic visa platform for global visitors.
Two Arabs made it onto the Sunday Times Global 50 rich list, with a combined fortune of $39 billion.
Istithmar World confirmed it has acquired a 50 per cent stake in the landmark Dubai hotel for $250 million.
Company plans 43 more hotels and 100 per cent more jobs in the next five years.