Munich authorities will have weighed up the increased traffic benefits against the impact it will likely have on Lufthansa’s Dubai-Munich loads.
Saudi carrier to roll out new premium product as it seeks a fresh start in 2014.
A royal order to standardise salaries and grades across the public sector is projected to cost OMR800-900 million.
The Islamic lender’s net profit rose to KD39.3 million.
Omantel reported a net profit of 29.1 million rials in the three months to September 30, up from 28 million rials in the year-earlier period.
Swiss chain’s sixth Dubai hotel may be small but overseas-and-residential focus means potential is high.
The transaction will price at 130 basis points over the three-month London interbank offered rate.
Jordan’s place on the Security Council still would need to be approved by two-thirds of the General Assembly.
The Abu Dhabi carrier already has the Indian cabinet’s approval.
Following the grounding of the 787 Dreamliner this year, Boeing’s relationship with Qatar Airways’ Akbar Al Baker is back on track, but there is no room for further mistakes.
An Aon Hewitt study finds that Emiratis in the private sector report higher levels of satisfaction than their public sector counterparts.
But by 2020 the oilfields of Texas and North Dakota will be past their prime and the Middle East will regain its dominance.
House prices in the emirate have jumped over 20 per cent in the last year, prompting the IMF to warn in July of the risk of another bubble forming.
The standards will not be compulsory for firms but the centre will issue sharia-compliance certificates to companies and banks meeting them.
The carrier’s marginal growth was caused in part by a cracked wings issue suffered by the A380, says aviation analyst Saj Ahmad.
GEMS has hired Morgan Stanley Inc, Credit Suisse and Abu Dhabi Islamic Bank to arrange the sale.
Salah Nooruddin will join GFH’s board of directors following the stake acquisition.
The operator made a net profit of 53 million dinars in Q3 compared with a net profit of 59.7 million in the year-earlier period.
The Emirates Group announced figures of Dhs2.2 billion net profit for the first six months of its fiscal year.
Abu Dhabi’s stocks dropped by 0.9 per cent on Monday but Dubai fell 2.8 per cent.
The French manufacturer saw a 38 per cent sales rise in Abu Dhabi and a 33 per cent increase in Dubai.
The terminal will be able to supply the UAE with around 1.2 billion cubic feet (bcf) per day of gas.
The carrier made a net profit of Dhs206 million in the third quarter, compared with Dhs226 million in the corresponding period in 2012.
Vast majority of staff at Abu Dhabi’s Barakah facility set to be nationals.
The carrier is also finalising a deal with Boeing, with one or both deals set to be announced at next week’s Dubai Airshow.
The bank made Dhs1.2 billion in the nine months to September 30 up from Dhs899 million in the corresponding period last year.
Repeat holidaymakers and executives can now buy a slice of Penthouse luxury living.
Amiri, who quit just seven months ago, replaces Mohammad Zaqout who was fired in October.
Gulf countries are seeing a steep energy demand owing to a growing population and subsidised resources.
Kingdom Holding bought a three per cent stake in the micro-blogging site in 2011 for $300 million.