Oman’s Household Income Rises 83.9% In A Decade

The Muscat governorate recorded the highest average household income of $3,789 per month.

Alitalia’s Chairman Likely To Stay On For Talks With Etihad

Roberto Colaninno said in October he would step down after a 300-million-euro capital increase, completed at the end of December.

Controversy Over FIFA Comments On Qatar 2022 World Cup Timing

FIFA backtracks on comments made by secretary general Jerome Valcke that the 2022 World Cup in Qatar would not be played in the summer.

Hiring For Expo 2020 To Begin By 2016

Construction, banking, travel and hospitality are sectors that will witness a rise in hiring activity.

Could Learning Arabic Boost Your UAE Job Prospects?

Knowledge of Arabic can provide job seekers with flexibility in the UAE’s competitive market but it will not trump skill and experience, experts say.

Saudi Aramco To Skip Diesel Term Imports On Delivered Basis

The Saudi firm might instead focus on tying up term contracts on a free-on-board basis with sellers like India’s Reliance Industries.

Emirates Launches Daily A380 Service To Switzerland

Zurich is the Dubai carrier’s 25th A380 destination.

Dubai Chamber To Open New Office In Iraqi Kurdistan In 2014

Iraq holds significant potential for Dubai businesses, says Hamad Buamim, president and CEO of Dubai Chamber of Commerce and Industry.

S&P Assigns Sharjah Sovereign Credit Rating Of ‘A’

The rating is supported by the government’s limited fiscal risks and low government debt.

REVEALED: The Best Restaurants In Abu Dhabi

Abu Dhabi’s best restaurants as ranked by the What’s On Black Hat Guide 2013.

Investors Switch To Kuwait, Oman As UAE Weakens

The Dubai index is developing a negative 14-week momentum divergence.

Zain Invested $1bn In Network Upgrades In 2013 – CEO

The telecom operator plans to focus on ICT and enterprise solutions in the future, says CEO Scott Gegenheimer.

Emiratis Can Earn More In Private Sector – Al Mulla

Private sector can provide Emiratis more exposure and experience in their careers, says a top government official.

Noor Islamic Bank Rebrands, Removes Islamic From Name

The bank will continue to offer shari’a compliant products, but hopes to widen its appeal to customers.

UAE Public Holiday Dates For 2014

Workers in the emirates can expect a minimum of 10 days off this year.

UAE’s Credit Bureau To Start Operating In Q1 – CEO

The bureau hopes to complete agreements with banks to provide credit information and create an electronic database by the end of January.

Investcorp Acquires Minority Stake In Turkish Food Producer

Investcorp recently bought a 25 per cent stake in Saudi Arabia’s sports and fitness business Leejam Sports Co.

Kuwait Appoints Islamist MP As Oil Minister In Reshuffle

Anas al-Saleh, a former minister for commerce and industry, was selected to head the Finance Ministry, replacing Sheikh Salem Abdulaziz al-Sabah.

Flydubai Firms Up Boeing Airshow Order

The confirmed $8.8 billion order, placed at the Dubai Airshow, provides the foundations for the low-cost carrier’s next growth phase.

Saudi Arabia Introduces Unemployment Insurance

The move is designed to make it more attractive for young Saudis to seek jobs in private companies.

Dubai’s Gulf Navigation Wins Approval For Turnaround Measures

Shareholders agreed to a motion at a board meeting on January 5 that the business would not be dissolved.

Emaar To Redeem $237m Convertible Bond On Feb 6

Shares of Emaar climbed 103.7 per cent last year, helped by returning confidence in Dubai’s real estate sector.

Qatar’s Doha Insurance Plans $120m Rights Issue

The insurer has received regulatory approval for the issuance of 24,260,000 new shares.

Saudi Arabia Ranks High On Healthcare IT Spending

Healthcare is the second fastest growing sector after government in terms of IT spending.

Emaar Launches Lila Villas In Arabian Ranches

The Spanish-themed villas will form part of the Arabian Ranches extension plan.

56% UAE Employees Are Unhappy With Their Salaries

Almost 56 per cent of those polled said that the best salary package in the UAE was offered in the oil and gas industry.

Emirates Took A Risk Ordering A380s – Tim Clark

The Dubai carrier currently has 97 of Airbus’ superjumbos on its order book.

EFG International To Buy Falcon’s Hong Kong Activities

Falcon said it was leaving Hong Kong in favour of concentrating on the Middle East, Africa and Eastern Europe.

Jumeirah To Sign Saudi Hotel Deal In 2014

Discussions are ongoing in the Kingdom, says Jumeirah’s president and group CEO, Gerald Lawless.

Qatar To Create 127,000 Tourism Jobs By 2030

Qatar’s hospitality sector is expected to boost job creation as the country continues investing heavily to promote tourism.