Search Results for: "dubai"

Etihad Raises Virgin Australia Stake To 10%

The Abu Dhabi-based carrier has doubled its stake in the Australian carrier but no plans for a majority.

The Other Vienna

Forget coffee houses, waltzes and Freud. The real attraction of Vienna is its people who know how to live.

Top Start-up Funds In The Middle East

With entrepreneurship in the region witnessing an unprecedented boom, funding options are also on the rise.

Qatar Has Highest Construction Costs In ME

The increasing volume of activity in the build-up to the 2022 FIFA World Cup has pushed up costs in Qatar, says study.

DP World’s H1 Profit Flat, Cites Global Climate

The Dubai-based port operator made a profit of $247 million in the first half of the year.

EXCLUSIVE: Phil Broad Resigns From Jumeirah Restaurants

Exclusive: The managing director of the successful chain is joining the InterContinental Hotels Group.

Nakheel Refunds $57m To Investor Who Bought Three Islands

Dubai World tribunal orders Nakheel to repay Shokat Mohammed Dalal the sum he paid to reserve three islands on The World in 2008.

Bahrain’s Gulf Air Posts 6% Rise in H1 Revenue

Bahrain’s loss-making national carrier announced that revenues and passenger numbers rose during the first half of the year.

Yemen’s Aden Port To Cancel DP World Deal -Official

The two parties will use international arbitration if they are unable to reach an agreement, says official.

5 Minutes With… Phil Broad, MD, Jumeirah Restaurants

Phil Broad says Jumeirah is set for mass global expansion through franchising models.

Exclusive: Chairman Says Nakheel Back On Track

In a rare interview, Ali Rashid Lootah tells Gulf Business that the property empire is out of the abyss and into the black.

Top GCC Banks By Profits

Higher GCC banking profitability was driven by improvement in margins, faster asset expansion and expanding fee income in 2011.

India’s Jet Airways Introduces Sharjah-Mumbai Route

The Indian carrier will also resume services to Kuwait and Bahrain from Kochi in its winter schedule.

UAE Banks Cash In On Euro Disaster

Fears of a Euro lending shortage appear overblown as local banks grow their loan books.

The Gulf’s Top 10 Tweeters

As the 140-characters social media platform continues to reel in its rival Facebook, the Gulf has finally caught up with the rest of the world and embraced Twitter.

Pushing The Right Buttons

Aarti Nagraj talks gadgets with Deepak Babani, the CEO of electronics retailer Eros.

Starting The Revolution Express

With the GCC expected to spend $79 billion in the next 10 years on railways, metro and tram projects, this development is being heralded as a transport revolution.

UAE Unveils New Online Property Auction

Asteco partners with real estate auction website to provide new solution for UAE property owners.

UAE’s Deyaar Sees Small Q2 Profit Rise

The developer slashed costs to offset revenue drop following the collapse of Dubai’s property market.

Lawless Appointed Jumeirah CEO And President

Dubai Holding has said that Gerald Lawless, executive chairman of the Jumeirah Group, will take on his new role from September.

Emaar’s Apartment Sales Pick Up In Q2

The Dubai-based developer said that revenue from the sale of condominiums in the second quarter reached over $190 million.

Kuwait’s NIG To Repay $475m Sukuk On Time

National Industries Group Holding said that it has raised enough finance to repay the Sukuk when it matures on August 16.

Gulf Air Announces New Flights Across The Region

Bahrain’s flag carrier will begin a new daily flight to Dubai and several new flights across the subcontinent.

Emirates Resumes Flights To Libya

The Dubai-based airline will begin operating flights to Tripoli from October 29.

FAL Oil Recruits Restructuring Officer For Debt Talks

The UAE-based oil trader looks to hire a CRO as its forced to cut operations in the country by 60 per cent.

5 minutes with… Carsten Schaeffer, VP Lufthansa EMEA

A quick catch up with the regional boss of the Germany’s national carrier.

Aldar Posts Three-Fold Rise In Q2 Profit

The Abu Dhabi developer reported a net profit of $113.8 million in the second quarter of the year.

Local Equities Pick Up Pace

Amid growing investor concern about the Eurozone, Riad Meliti, CEO, Arqaam Capital, remains firmly bullish.

Property Market Mixed Around The World

In the last of the property series, Meghna Pant, features editor of Gulf Business, examines the real estate performance of the Middle East and global markets.

Air Arabia Q2 Net Profit Up 31%, Shares Rise

The UAE’s largest low-cost airline saw gains from under-served routes last quarter.