KIPCO, OSN’s parent company, had indicated that an IPO was expected to happen this year.
The poor performance of the routes was due to lack of demand as well as increased competition from other carriers.
The Dubai and Abu Dhabi benchmarks are up 54 and 17 per cent respectively this year.
Nationalisation goals should be explained in companies’ expat hiring processes, says HR expert.
Australia and the GCC share remarkably high growth rates, writes Peter Cooper.
The UAE’s market regulator, the Securities and Commodities Authority, has been liberalising securities rules since 2012.
For some stocks, such as DP World, NBAD and Ooredoo, the expected inflows will be more than 10 times bigger than the average daily trading volume, predict experts.
As smartphone penetration levels rise and wearables enter the mainstream, a hyper-connected world is closer than we think.
Natixis currently has around 40 staff in Dubai, as well as a small representative office in Egypt.
The use of information technology within the construction industry is changing rapidly, says Cope.
The over one kilometre tall Kingdom Tower will replace Dubai’s Burj Khalifa, 828 metres tall, as the highest in the world.
70,000 workers moved between employers in the UAE last year, according to the Ministry of Labour.
The UAE and other Gulf states promised more than $12 billion in loans and donations to support the Egyptian economy after Mursi’s removal.
The three-year sponsorship deal will allow Arabtec to have access to specific rights of the use of Manchester City brand.
QNB, Industries Qatar and NBAD will be the three largest additions to the MSCI Emerging Markets Index.
Perception is reality and successful businesses appreciate its importance, writes management expert Debbie Nicol.
High level Italian dining at a more affordable price.
Lufthansa, Europe’s largest airline by revenue, had put LSG Sky Chefs up for sale in 2012 but then abandoned the plans.
The Abu Dhabi carrier flies four times daily to Qatari capital Doha.
The country’s manufacturing and hospitality sector have seen immense growth
Kingdom City in Jeddah will also include mixed-use residential and commercial developments, the chief executive said.
The Asian country has become an important gateway hub for the Dubai-based carrier.
Beck’s Belcanto will be another ‘casual fine dining’ concept, similar to Social by Heinz Beck at The Waldorf Astoria Dubai Palm Jumeirah.
Women working in the country’s public sector can retire earlier at 55, finds new Mercer report.
The Southeast Asian country is boosting social media promotion and working on improving air connectivity to lure more visitors from the GCC.
The facility will become the new home for the national carrier of the state of Qatar.
The launch of the two funds will follow MSCI’s upgrade of Qatar to emerging market status later this month.
Ogilvy CEO Miles Young and Memac founder Eddie Moutran talk about their landmark local buyout deal.
The new FOL would be 40 per cent and aims to improve the liquidity available to foreign investors.
The company has around 25 new hotels in the pipeline, which are to be launched over the next five years, a top executive said.