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Dubai International Airport is set to surpass its projected passenger traffic target of 56.5 million in 2012.
The 632-room resort Rixos Bab Al Bahr will be joined by the 349-room Waldorf Astoria Ras Al Khaimah.
The Majid Al Futtaim group is reportedly in talks to buy the supermarket business of Mansour Group.
Jeff Immelt, global boss of GE, opens up to Aarti Nagraj about ramping up regional spend, the challenge of leading 300,000 people and whether he sleeps at night.
The Gulf state had predicted a GDP growth rate of 4.5 per cent for 2013 in June.
The telecoms operator signed a $100 million three-year loan facility with Singapore’s DBS Bank last week.
The warning has been issued because of the “difficult and sensitive political circumstances in Lebanon,” says ministry.
Midyan, developed by Saudi Aramco, is expected to start production in 2013.
Qatari fund QSI bought French club Paris Saint-Germain in June 2011.
Under the deal, BAE will deliver 12 Typhoon and eight Hawk aircraft to Oman’s armed forces starting in 2017.
Shant Oknayan, co-founder of GlamBox, describes the first 12 months for the UAE’s start-up beauty revolution.
Adopt these key habits to use networking to help grow your business.
The plan to develop housing programmes could spur restructuring of the emirate’s real estate sector.
The sultanate last year became the last country in the GCC to introduce Islamic finance.
The Dubai bank will also make an offer to minority shareholders for the remaining 4.8 per cent.
The alliance includes switching Qantas’ hub to Dubai from Singapore for European flights.
The group is looking for new advisers after dropping HSBC and JP Morgan Chase.
The country’s best performing companies in the quarter by net profit.
Emaar Square will house over 1,000 luxury homes, a 180-bedroom five-star hotel and the largest shopping mall in Turkey.
TripAdvisor’s annual Cities Survey ranks the emirate’s cabs highly.
Luxembourg bought the 35 per cent stake back for the original sale price of $117.5 million.
Ominvest also has plans to list part of Oman Arab Bank on the Muscat bourse.
Caisse des Depots and ADIA come together to bid for TIGF business.
The UAE Foreign Minister has summoned Egypt’s ambassador to discuss the claims.
The decision follows Egypt’s ban after fears of mad cow disease case.
The credit facility was increased from the 7 billion riyals initial target amount.
The former FIFA presidential candidate Mohamed Bin Hammam has also handed in his resignation.
The group’s chairman will “continue to focus on best practice and growing the company in a sustainable way.”
The 400,000 barrels per day refinery is due to be fully operational in the third quarter of 2013.