Gulf Business http://gulfbusiness.com Wed, 22 May 2013 09:25:14 +0000 en-US hourly 1 http://wordpress.org/?v=3.5.1 Oman Air Orders Three Airbus A330 Aircraft http://gulfbusiness.com/2013/05/airbus-wins-oman-air-order-for-three-a330-planes/ http://gulfbusiness.com/2013/05/airbus-wins-oman-air-order-for-three-a330-planes/#comments Wed, 22 May 2013 09:25:14 +0000 Neil Churchill http://gulfbusiness.com/?p=25440 The order, which will bring Oman Air's A330 fleet to a total of 10 aircraft, is thought to be worth around $720 million.

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]]> http://gulfbusiness.com/2013/05/airbus-wins-oman-air-order-for-three-a330-planes/feed/ 0 Kerry Hails Tentative U.S. Arms Sale To Oman http://gulfbusiness.com/2013/05/kerry-hails-tentative-u-s-arms-sale-to-oman/ http://gulfbusiness.com/2013/05/kerry-hails-tentative-u-s-arms-sale-to-oman/#comments Wed, 22 May 2013 08:47:41 +0000 Neil Churchill http://gulfbusiness.com/?p=25437 The U.S. Secretary of State met Oman's defence minister in the Sultanate on Wednesday to oversee the $2.1 billion deal.

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]]> http://gulfbusiness.com/2013/05/kerry-hails-tentative-u-s-arms-sale-to-oman/feed/ 0 Abu Dhabi Lender ADCB To Price Subordinated Bond http://gulfbusiness.com/2013/05/abu-dhabi-lender-adcb-to-price-subordinated-bond/ http://gulfbusiness.com/2013/05/abu-dhabi-lender-adcb-to-price-subordinated-bond/#comments Wed, 22 May 2013 08:22:51 +0000 Neil Churchill http://gulfbusiness.com/?p=25434 Early price talk for the 10-year deal, which is not redeemable for five years, was released at 230 basis points over five-year midswaps.

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]]> http://gulfbusiness.com/2013/05/abu-dhabi-lender-adcb-to-price-subordinated-bond/feed/ 0 Dubai Contractor Arabtec Says Workers End Strike http://gulfbusiness.com/2013/05/dubai-contractor-arabtec-says-workers-end-strike/ http://gulfbusiness.com/2013/05/dubai-contractor-arabtec-says-workers-end-strike/#comments Wed, 22 May 2013 06:10:47 +0000 Aarti Nagraj http://gulfbusiness.com/?p=25423 Thousands of workers stayed away from work from Saturday to demand higher wages.

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]]> http://gulfbusiness.com/2013/05/dubai-contractor-arabtec-says-workers-end-strike/feed/ 0 Abu Dhabi’s Man City And New York Yankees In New MLS Team http://gulfbusiness.com/2013/05/abu-dhabis-man-city-and-new-york-yankees-in-new-mls-team/ http://gulfbusiness.com/2013/05/abu-dhabis-man-city-and-new-york-yankees-in-new-mls-team/#comments Wed, 22 May 2013 05:44:06 +0000 Neil Churchill http://gulfbusiness.com/?p=25424 Sheikh Mansour-owned City will be the majority partner in New York City Football Club along with the biggest name in baseball, the Yankees.

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]]> http://gulfbusiness.com/2013/05/abu-dhabis-man-city-and-new-york-yankees-in-new-mls-team/feed/ 0 Qatar’s Doha Bank May Sell Bonds To Raise Capital – CEO http://gulfbusiness.com/2013/05/qatars-doha-bank-may-sell-bonds-to-raise-capital-ceo/ http://gulfbusiness.com/2013/05/qatars-doha-bank-may-sell-bonds-to-raise-capital-ceo/#comments Wed, 22 May 2013 04:27:44 +0000 Aarti Nagraj http://gulfbusiness.com/?p=25417 The lender had said in January that it would hike its paid-up capital by 50 per cent.

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]]> http://gulfbusiness.com/2013/05/qatars-doha-bank-may-sell-bonds-to-raise-capital-ceo/feed/ 0 Solar Power Brightens Oman Oil Output Prospects http://gulfbusiness.com/2013/05/solar-power-brightens-oman-oil-output-prospects/ http://gulfbusiness.com/2013/05/solar-power-brightens-oman-oil-output-prospects/#comments Wed, 22 May 2013 04:08:52 +0000 Aarti Nagraj http://gulfbusiness.com/?p=25418 The Gulf State has commissioned the Middle East's first solar enhanced oil recovery (EOR) project.

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]]> http://gulfbusiness.com/2013/05/solar-power-brightens-oman-oil-output-prospects/feed/ 0 Bahrain’s Batelco Says CEO Leaves, Former Boss Steps In http://gulfbusiness.com/2013/05/bahrains-batelco-says-ceo-leaves-former-boss-steps-in/ http://gulfbusiness.com/2013/05/bahrains-batelco-says-ceo-leaves-former-boss-steps-in/#comments Wed, 22 May 2013 03:54:18 +0000 Aarti Nagraj http://gulfbusiness.com/?p=25412 Sheikh Mohamed bin Isa al-Khalifa has been temporarily replaced by long-serving Peter Kaliaropoulos

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]]> http://gulfbusiness.com/2013/05/bahrains-batelco-says-ceo-leaves-former-boss-steps-in/feed/ 0 REVEALED: The Biggest Banks In Qatar http://gulfbusiness.com/2013/05/revealed-the-biggest-banks-in-qatar/ http://gulfbusiness.com/2013/05/revealed-the-biggest-banks-in-qatar/#comments Wed, 22 May 2013 03:30:03 +0000 Neil Churchill http://gulfbusiness.com/?p=25371 Taken from the Gulf Business Top 50 Banks, these are the biggest banks in Qatar by 2012 total assets.

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]]> http://gulfbusiness.com/2013/05/revealed-the-biggest-banks-in-qatar/feed/ 0 Dubai Is World’s Fourth ‘Hottest’ Retail Market http://gulfbusiness.com/2013/05/dubai-is-worlds-fourth-hottest-retail-market/ http://gulfbusiness.com/2013/05/dubai-is-worlds-fourth-hottest-retail-market/#comments Tue, 21 May 2013 12:36:44 +0000 Aarti Nagraj http://gulfbusiness.com/?p=25370 The emirate welcomed 25 new retailers last year, says new study by CBRE.

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]]> http://gulfbusiness.com/2013/05/dubai-is-worlds-fourth-hottest-retail-market/feed/ 0 IMF: Dubai Will Meet Debt Obligations http://gulfbusiness.com/2013/05/imf-dubai-will-meet-debt-obligations/ http://gulfbusiness.com/2013/05/imf-dubai-will-meet-debt-obligations/#comments Tue, 21 May 2013 12:00:52 +0000 Neil Churchill http://gulfbusiness.com/?p=25350 The International Monetary Fund's regional report warns unemployment figures and diversifying economies are still an issue.

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]]> http://gulfbusiness.com/2013/05/imf-dubai-will-meet-debt-obligations/feed/ 0 Kuwaiti Oil Service Workers On Strike Over Pay http://gulfbusiness.com/2013/05/kuwaiti-oil-service-workers-on-strike-over-pay/ http://gulfbusiness.com/2013/05/kuwaiti-oil-service-workers-on-strike-over-pay/#comments Tue, 21 May 2013 11:50:09 +0000 Aarti Nagraj http://gulfbusiness.com/?p=25355 Over 1,000 of around 1,400 staff at Oil Sector Services, owned by Kuwait Petroleum Corporation, have been gathering in a union building.

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]]> http://gulfbusiness.com/2013/05/kuwaiti-oil-service-workers-on-strike-over-pay/feed/ 0 Qatar National Bank To Start India Operations http://gulfbusiness.com/2013/05/qatar-national-bank-to-start-india-operations/ http://gulfbusiness.com/2013/05/qatar-national-bank-to-start-india-operations/#comments Tue, 21 May 2013 10:45:00 +0000 Neil Churchill http://gulfbusiness.com/?p=25353 The state-owned lender expects to begin operations in the third quarter under the name of QNB India Private Limited.

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]]> http://gulfbusiness.com/2013/05/qatar-national-bank-to-start-india-operations/feed/ 0 Aramco Awards Midyan Gas Project To India’s L&T http://gulfbusiness.com/2013/05/aramco-awards-midyan-gas-project-to-indias-lt/ http://gulfbusiness.com/2013/05/aramco-awards-midyan-gas-project-to-indias-lt/#comments Tue, 21 May 2013 08:50:37 +0000 Aarti Nagraj http://gulfbusiness.com/?p=25344 The project, estimated to be worth less than $300 million, is due to come online in mid-2016.

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]]> http://gulfbusiness.com/2013/05/aramco-awards-midyan-gas-project-to-indias-lt/feed/ 0 Hotels Need More Online Video Content Says Google Travel Head http://gulfbusiness.com/2013/05/hotels-need-more-online-video-content-says-google-travel-head/ http://gulfbusiness.com/2013/05/hotels-need-more-online-video-content-says-google-travel-head/#comments Tue, 21 May 2013 07:50:05 +0000 Dominic Ellis http://gulfbusiness.com/?p=25330 More users expect websites to feature videos as well as photos

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]]> http://gulfbusiness.com/2013/05/hotels-need-more-online-video-content-says-google-travel-head/feed/ 0 Dubai’s Drake And Scull Wins $461m Saudi Tower Contract http://gulfbusiness.com/2013/05/dubais-drake-and-scull-wins-461m-saudi-tower-contract/ http://gulfbusiness.com/2013/05/dubais-drake-and-scull-wins-461m-saudi-tower-contract/#comments Tue, 21 May 2013 07:20:37 +0000 Aarti Nagraj http://gulfbusiness.com/?p=25317 The twin-tower residential and commercial development will be built in Jeddah's Corniche area.

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]]> http://gulfbusiness.com/2013/05/dubais-drake-and-scull-wins-461m-saudi-tower-contract/feed/ 0 Dubai’s Arabtec Says Projects Unaffected By Labour Strike http://gulfbusiness.com/2013/05/dubais-arabtec-says-projects-unaffected-by-labour-strike/ http://gulfbusiness.com/2013/05/dubais-arabtec-says-projects-unaffected-by-labour-strike/#comments Tue, 21 May 2013 07:00:54 +0000 Aarti Nagraj http://gulfbusiness.com/?p=25313 Thousands of workers have been on strike since Saturday demanding higher pay.

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]]> http://gulfbusiness.com/2013/05/dubais-arabtec-says-projects-unaffected-by-labour-strike/feed/ 0 Regional Exclusive: Armani Profit Up 20% http://gulfbusiness.com/2013/05/regional-exclusive-armani-profit-up-20/ http://gulfbusiness.com/2013/05/regional-exclusive-armani-profit-up-20/#comments Tue, 21 May 2013 06:40:11 +0000 Alicia Buller http://gulfbusiness.com/?p=25284 China and Europe boosted Italian fashion giant's revenues to $2.7 billion in 2012.

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]]> http://gulfbusiness.com/2013/05/regional-exclusive-armani-profit-up-20/feed/ 0 Damac Begins Work On $100m Iraq Project http://gulfbusiness.com/2013/05/damac-begins-work-on-100m-iraq-project/ http://gulfbusiness.com/2013/05/damac-begins-work-on-100m-iraq-project/#comments Tue, 21 May 2013 06:02:55 +0000 Aarti Nagraj http://gulfbusiness.com/?p=25266 The Dubai-based developer announces start of work on Princess Tower, a 26-storey furnished apartment complex in Baghdad.

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]]> http://gulfbusiness.com/2013/05/damac-begins-work-on-100m-iraq-project/feed/ 0 Air Arabia Signs $350m Financing Deal With Gulf Banks http://gulfbusiness.com/2013/05/air-arabia-signs-350-million-financing-deal-with-gulf-banks/ http://gulfbusiness.com/2013/05/air-arabia-signs-350-million-financing-deal-with-gulf-banks/#comments Tue, 21 May 2013 05:28:59 +0000 Dominic Ellis http://gulfbusiness.com/?p=25265 Deal with Qatar National Bank S.A.Q. and Commercial Bank International covers part of a larger order for 44 A320s placed with Airbus in 2007

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]]> http://gulfbusiness.com/2013/05/air-arabia-signs-350-million-financing-deal-with-gulf-banks/feed/ 0