The airline is planning an Islamic loan facility to fund two of its planes, according to reports.
The Abu Dhabi lender’s profits fell 19.2 per cent to Dhs135 million during the fourth quarter of 2011.
The move follows the stringent financial and trading sanctions imposed by the US and EU on Iran.
The UAE’s central bank is reportedly planning to limit credit card interest rate at 18 per cent annually.
The mall operator is undertaking several new projects across the Middle East this year.
The airline’s CEO said that it was unlikely that the struggling carrier would be dissolved or sold.
Sibylle Schoen, CEO of luxury brand Aigner, tells Aarti Nagraj the story behind her success.
According to the country’s Economy Minister, the Arab Spring has spurred growth in the UAE.
The move will make the bourse the second publicly traded stock exchange in the region.
Alicia Buller catches up with Paul House, executive chairman of iconic Canadian cafe, Tim Hortons
The value of shares traded reached its lowest level since 2004.
The Art Palestine exhibition fuses artistic inspiration with wider motivations, writes Jonathan Sheikh Miller.
Gulf Business attends Google’s groupie day in Dubai and chats with managing director, Ari Kesisoglu.
Billion-dollar railway projects are finally gaining momentum in Saudi Arabia, Qatar and the UAE.
It boasts all the luxury and ride refinement that you expect from a Jaguar, but the XJL also delivers serious performance and handling.
The Y62 Patrol offers more luxury while maintaining its solid off-road credentials.
As the UAE climbs into steady recovery, is it any easier for small businesses to access bank lending?
From Korean eateries to West End shows, the British capital has it all.
As global markets witness a rollercoaster ride, local investors are turning to forex, a rising star on the trading platform.
Islam could hold the key to turning around the Gulf’s dismal environmental record.
While much of the region is overbanked, there’s little hope for mergers anytime soon.
Students are scrambling to update their CVs amidst economic uncertainty
After 30 months of recession, revolution and soaring oil prices, flydubai CEO Ghaith Al Ghaith tells Jonathan Sheikh-Miller why even a potential global double dip won’t spoil his bold expansion plans.
The Middle East is home to a rising entrepreneurial animation movement, fuelled by comic book series, The 99.
Amid the Dubai real estate meltdown, UAE contractor Drake & Scull International is chasing growth in Saudi Arabia and Asia.
Six Senses stands alone with its dramatic, unique setting and consistently friendly five-star service.
The richest place in the world, the region’s most peaceful country, and winner of the World Cup bid, the stars have never been more aligned for the tiny Gulf state.
As the region drowns in fake goods, fraudster gangs are endangering the local economy, creativity and safety.
Investors are advised to go bearish, says Matein Khalid, advisor in a royal funds office
As many airlines focus on cutting losses and battling through a probable downturn, one Gulf carrier has loftier ambitions.