Search Results for: "dubai"

Air Arabia Posts 17.5% Rise In Q1 Passenger Numbers

The low-cost carrier introduced three new routes in the first quarter of the year.

Marks & Spencer, Mango Stores To Open In Al Ghurair Centre

The Dubai-based mall is undergoing a massive Dhs2 billion-expansion project.

Strike Paralyses Lufthansa Network

Middle East travellers should brace themselves for cancellations and delays from today’s strike by the public services trade union ver.di

GEMS Education Raises $545m Expansion Loan

The loan is a mix of Islamic and conventional financing managed by lenders including Abu Dhabi Islamic Bank and Dubai Islamic Bank.

Emirates NBD CEO Rick Pudner Resigns

Pudner has been at the helm of Dubai’s biggest bank since 2006 after 24 years at HSBC.

The Coolest Police Cars In The World

Dubai’s new Lamborghini and Ferrari patrol cars are the talk of the town, but they have some competition from elsewhere in the world.

Regulations, Expectations Stymie Funds In Middle East

Consolidation is going to be a key theme for the asset management sector, say experts.

Are You Prepared For A Fire In Your Building?

Most residents in the GCC seem ill-equipped to handle a fire emergency, writes Aarti Nagraj. But are they the only ones to blame?

The $15 Million iPhone

A businessman from Hong Kong has commissioned the bejewelled device.

UAE Arrests Al Qaeda Cell Targeting Country’s Security

State news agency WAM said the members were of various Arab nationalities and were recruiting, financing and providing logistical support to al Qaeda.

Emirates Sponsoring Roland Garros Tournament

Latest agreement is the third tennis sponsorship in Europe after the Italian Open and recently announced Barcelona Open

No Loss Or Damage In UAE After Earthquake, Confirm Officials

The 7.8 magnitude earthquake that hit Iran on Tuesday sent strong tremors across the GCC.

Emirates Holidays To Be Franchised, Targets Digital Growth

In regulated markets the division will team up with partners that have licensing expertise and knowledge, while in the unregulated markets it will seek exclusive GSA partners

Pakistan Bears Brunt Of Iran Earthquake, 35 Killed

Earthquake measuring 7.8 magnitude rocked the Middle East on Tuesday, a week after previous earthquake.

Arabtec Not Interested In Buying Drake Stake

Drake and Scull has seen its shares jump 17 per cent year-to-date on growing speculation that it was a takeover target.

UAE Investors Prefer Property Over Gold

Real estate is currently the preferred asset class for investors in the UAE, finds new survey.

Emirates NBD Eyes 40% Retail Lending Boom

ENBD presently generates around 95 per cent of its revenue from its home market, although it is hoping to increase its international business to 15-20 per cent in five years.

UAE Credit Bureau May Struggle For June Start

Head of consumer and elite banking at NBAD and the head of retail banking at Emirates NBD believe the June start date will be missed.

China And GCC: Growing Ties

Is China set to become the GCC’s most important economic partner by 2020? And what does this mean for the region?

Goldman Sachs Middle East Senior Banker Resigns

Khaled Eldabag, a Dubai-based managing director, had clients including Abu Dhabi investment fund Mubadala.

Feeding The GCC’s Growing Hunger

Driven by the GCC’s young population and high-income levels, the region’s food industry is witnessing heavy investment and rapid expansion.

GCC States Meet Over Iran Nuclear Radiation Fears

A 6.3-magnitude earthquake struck close to Iran’s only nuclear power station last week, causing fears of a radiation leak.

Union Properties Shareholders’ Approve $109m Debt Extension

The Dubai-based property developer’s loan has been extended until August 20, 2017.

Arabtec Shareholders Approve Capital Raise

Arabtec replaced its chief executive last month in a management shake-up led by Aabar, its largest shareholder.

Qatar Has ‘No Global Mission To Conquer The World’

Experts say the country’s sovereign wealth fund is only focussed on investments with high returns.

Gulf Tinkers With Energy Waste, Neglects Basic Causes

Energy consumption in the Middle East has outpaced gross domestic product growth, according to the World Energy Council.

Telecom’s Biggest Race

Telecomes operators are surging ahead with plans to build greater data storage and boost internet speed in the GCC.

UK Property Developers Woo ME Buyers

New exhibition in Dubai to feature luxury London properties that are not yet marketed even in the UK.

Emirates Starting Stockholm Flights

Emirates targets growing bilateral trade links and outbound Swedish leisure traffic

Mashreq Sues ING Over Losses Tied To ‘Roach Motel’ Debt

The Dubai-based lender is accusing Netherlands-based ING of losing 40 per cent of a $108 million investment.