Saudi Arabia expects the project to be completed in 2015, the General Authority for Civil Aviation has said.
Emirates NBD’s Q1 net profit fell 55 per cent compared to last year but profit has tripled since Q4 2011.
The UAE-based telecoms operator reported net profit of Dhs1.81 billion during the first quarter of the year.
India is the emirate’s top trading partner, according to the customs authority.
The Kingdom stressed that it has not signed any deal with Sweden to help build a weapons factory in Saudi.
The carrier said that the loss was “justified” and blamed it on the rising fuel prices.
The Saudi-based dairy company said that net profits for the first quarter of the year rose 2.9 per cent year-on-year.
The GCC is among the least economically integrated regions in the world. But that is changing.
The move marks the first significant direct investment by the Abu Dhabi fund in Brazil and Latin America, it said.
Dubai-based mall and hotel firm pulls in profits amid MENA Arab Spring turmoil.
After a tough couple of years, could 2012 be the year that lackluster regional stock markets regain their shine?
Apple’s third generation iPad is finally available in select locations across the UAE.
The Kingdom’s oil exports rose 143,000 barrels per day in January compared to December, according to the Joint Data Initiative.
The Abu Dhabi Securities Exchange has denied reports that it’s going to investigate trading patterns of Aldar and Sorouh.
The Gulf state is initially planning to import the equivalent of around 3 million tonnes a year of LNG from Russia’s Gazprom.
The kingdom’s foreign trade revenue amounted to SR1300 billion in 2011 and is set to rise by 14 per cent this year.
The country’s non-oil trade reached Dhs759.8 billion during the first ten months of 2011.
The region’s trade with Russia, India and China is set to grow much faster than trade with developed economies.
Saudi Arabia might increase crude oil supplies to South Korea as Seoul looks for alternatives to Iranian oil.
The move follows the stringent financial and trading sanctions imposed by the US and EU on Iran.
The country’s first trade deficit since 1980 raises questions how Japan will finance its huge public debt.
As Abu Dhabi presses ahead with its aerospace programme, Gulf Business talks to the firm at the forefront of the capital’s bold plans.
The Secretary General holds the keys to the world’s oil supply as the global economy teeters in the balance.
Can the Gulf help support other Arab nations in the midst of change?
Scheduled to open in the coming months, AD Ports Group’s latest milestone project in KIZAD is set to be one of the largest and most advanced food and healthcare storage hubs in the region
Autoterminal Khalifa Port is strategically positioned, hosting three of the world’s top five container shipping lines
AD Ports Group had a successful IPO on the Abu Dhabi Exchange in 2022. And…
The GCC region has proven to be one of the most kinetic deal markets in the world in 2023, with dealmakers expected to remain relatively active in the near future
ADPorts Group could invest in an entity established by the Turkey Wealth Fund to run the Aegean coast port of Izmir, reports Reuters
The upcoming cruise season promises significant growth with Abu Dhabi Cruise Terminal slated for 126 calls, starting from November 1.