Additional three services a week from June 30 will be operated by B777-300ER aircraft.
The order, which will bring Oman Air’s A330 fleet to a total of 10 aircraft, is thought to be worth around $720 million.
The U.S. Secretary of State met Oman’s defence minister in the Sultanate on Wednesday to oversee the $2.1 billion deal.
Early price talk for the 10-year deal, which is not redeemable for five years, was released at 230 basis points over five-year midswaps.
Thousands of workers stayed away from work from Saturday to demand higher wages.
Sheikh Mansour-owned City will be the majority partner in New York City Football Club along with the biggest name in baseball, the Yankees.
The lender had said in January that it would hike its paid-up capital by 50 per cent.
The Gulf State has commissioned the Middle East’s first solar enhanced oil recovery (EOR) project.
Sheikh Mohamed bin Isa al-Khalifa has been temporarily replaced by long-serving Peter Kaliaropoulos
Taken from the Gulf Business Top 50 Banks, these are the biggest banks in Qatar by 2012 total assets.
The emirate welcomed 25 new retailers last year, says new study by CBRE.
The International Monetary Fund’s regional report warns unemployment figures and diversifying economies are still an issue.
Over 1,000 of around 1,400 staff at Oil Sector Services, owned by Kuwait Petroleum Corporation, have been gathering in a union building.
The state-owned lender expects to begin operations in the third quarter under the name of QNB India Private Limited.
The project, estimated to be worth less than $300 million, is due to come online in mid-2016.
The twin-tower residential and commercial development will be built in Jeddah’s Corniche area.
Thousands of workers have been on strike since Saturday demanding higher pay.
Deal with Qatar National Bank S.A.Q. and Commercial Bank International covers part of a larger order for 44 A320s placed with Airbus in 2007
The funds raised will partly be used to buy a new vessel, refinance debt and pay investors dividends.
The UAE’s ministry of Labour issued a circular confirming the holiday to mark Isra Wal Miraj.
The state-owned firm built a crude oil pipeline from Habshan to Fujairah in the UAE.
The IMF predicts Saudi’s overall growth to reach 4.4 per cent this year, due partly to an expected decline in oil output.
Taken from the Gulf Business Top 50 Banks, these are the biggest banks in the UAE by 2012 total assets.
The plant will use integrated gasification combined cycle (IGCC) technology to convert vacuum residue fuel from the refinery into a synthetic gas.
The new fund will be run by Qatar Holding, Qatar Petroleum International and Qatar Electricity and Water Company.
Opulent devices provide guests with quicker access to services and part of wider technology push
Taken from the Gulf Business Top 50 Banks, these are the biggest banks in the Kingdom by 2012 total assets.
The Kuwaiti group signed a contract in 2006 to build a resort in Tripoli, which was later cancelled.
Ascott is opening up in Riyadh, while the first One & Only Resort and first Staybridge Suites in KSA are opening in Jeddah
Two Arabtec employees said several thousand workers engaged on various projects did not report for duty on Sunday and stayed in their accommodation.