Fuel Costs, Grey Market Hurdles For Business Aviation

Volatile oil prices and grey market competition are some of the main challenges that the regional business jet industry faces, says NasJet COO.

Top 10 Search Terms In The UAE

Gangnam Style tops Google’s list of the search terms that saw highest amount of traffic in 2012 in the UAE.

QNB Buys Egypt Arm Of Societe Generale For $2bn

The sale is expected to be completed in the first half of 2013.

MEBA 2012: Middle East Business Aviation To Double To $1bn

Traffic in the regional business aviation sector has risen 12 per cent in the past year.

Dubai Group To Sell $54m Oman Stake

The investment firm owns 42 per cent of Oman National Investment Corp Holding.

iPad Mini To Launch In UAE

The iPad 4 and iPhone 5 are also both going on sale over the same two-day period.

Qatar Airways Says Studying Czech Airlines Privatisation

The Czech government said last week it was in early stage talks with Qatar Airways and Korean Air.

UAE’s Al Ghurair Has No Plans To Sell Stake In Libyan Refinery

The Al Ghurair group owns half of Ras Lanuf, Libya’s biggest refinery.

Countdown Begins For UAE Launch Of iPhone 5

Local distributors say they have been receiving numerous queries for Apple’s latest smartphone.

Jaguar Land Rover Signs Deal With Saudi

As part of the partnership, the car manufacturer will explore the viability of setting up an automotive facility in the Kingdom.

MENA Startups Should Not Copy Zuckerberg

Expert at the Global Entrepreneurship Summit says SMEs should focus on ‘boring businesses’.

MEBA 2012: Business Jets Take Flight From Dubai’s New Hub

Dubai World Central is set to become the new hub for business aviation.

Dubai’s New Airport Seen Open To Passengers End-2013

The Al Maktoum International airport was originally due to open for passenger traffic in March last year.

Arab SMEs Must ‘Export Their Champions’

Experts at the Global Entrepreneurship Summit say MENA businesses must look beyond their borders.

3rd Global Entrepreneurship Summit Opens In Dubai

Members of the Dubai royal family and a message from Barack Obama open the two-day event.

UAE’s Etisalat Plans Midnight Launch Of iPhone 5

The UAE telecoms operator will officially launch Apple’s much-anticipated smartphone at 12 am on December 13.

UAE’s NBAD Plans Acquisitions In Expansion Abroad

National Bank of Abu Dhabi aims to be in 41 countries by 2021, compared with 14 right now, said a senior manager.

Qatar Sees Future Economic Growth At 5%

The Gulf state posted real GDP growth of 14.1 per cent in 2011.

Qatar Telecom Eyes 10-Year Bond Issue

Qtel has mandated six banks to help arrange the potential bond, which is expected to be at least $500 million.

Qatar Receives 4th C-17 Airlifter From Boeing

Qatar’s C-17s supported the NATO-led operation in Libya earlier this year.

UAE’s Dana Gas Sets Out Restructured Sukuk Terms

The gas producer defaulted on its $920 million sukuk that matured on October 31.

Etihad Set To Buy 48% Stake In India’s Kingfisher Air

The deal is worth an estimated $550.3 million, according to Indian press reports.

Revealed: The Best Tailors In The UAE

Where to go for the best bespoke suits and shirts in the emirate.

Qatar Eyeing Investment In Greek Defence Sector – Greece

Greece’s Hellenic Defense Systems (EAS) and Hellenic Vehicle Industry (ELVO) are among assets earmarked for privatisation.

Global Islamic Banking Assets To Hit $1.8 Trillion In 2013

Saudi is currently the world’s largest market for Islamic assets, says new report by Ernst &Young.

Abu Dhabi’s Falcon Bank Eyes More Buys After Clariden Deal

Falcon Private Bank plans to acquire wealth management boutiques that manage between $500 million and $4 billion in assets.

UAE Sets Royalty Rates For Telecom Operators

While Etisalat has to pay a royalty of 15 per cent on its revenues, du will initially need to pay a revenue royalty of five per cent.

Cybercrime In UAE To Rise In 2013

Experts say companies and individuals in the country will face targeted cyber attacks next year.

Emirates’ London Heathrow Flights All A380

Combined with daily Manchester A380 services, the world’s largest A380 carrier will be sending 360 flights to and from the UK each month

GCC To Host First World Luxury Expo

Steinway Piano Gallery will be displaying a crystallised 1/6 scale model grand piano worth AED12 million for the first time