GCC
The airline’s CEO Akbar al Baker expressed concerns about wing cracks on the aircraft.
The bank reported a net profit of Dhs245 million for the first quarter of the year.
Despite popular belief, the UAE’s hospitality sector did not benefit in a major way from the Arab Spring, said experts.
Jumeriah boss, Gerald Lawless, said the GCC could introduce an electronic visa platform for global visitors.
Two Arabs made it onto the Sunday Times Global 50 rich list, with a combined fortune of $39 billion.
Istithmar World confirmed it has acquired a 50 per cent stake in the landmark Dubai hotel for $250 million.
The emirate will see a flood of new hotels rooms in the next three years said STR Global.
Abu Dhabi developer sees gains from government projects and higher rental income.
The Abu Dhabi develop beats expectations with Dhs478 million profit for the first quarter.
Gary Dugan will be joining Royal Bank of Scotland unit Coutts in Singapore, according to sources.
A consortium led by Qatar’s Mannai Corp said that its $445 million offer for a majority stake in the Dubai jeweler has been accepted.
Private companies in Saudi who hire expatriates in excess over the number of Saudi employees will have to start paying penalties.
The country’s current account surplus increased mainly because of a rise in exports.
The two-part Islamic bond reportedly received strong demand in the market.
The Kingdom will grant new airlines licences in September to operate both locally and internationally.
Emirates NBD’s Q1 net profit fell 55 per cent compared to last year but profit has tripled since Q4 2011.
The country is planning to pass laws this year to control the use of social networking sites.
London’s Heathrow Airport found that Saudi visitors were the Middle East’s biggest spenders in 2011.
Abu Dhabi Commercial Bank reported that net profit rose 38 per cent year-on-year during the first quarter of 2012.
The Dubai-based logistics firm made a first quarter net profit of Dhs61 million this year.
The UAE-based telecoms operator reported net profit of Dhs1.81 billion during the first quarter of the year.
The Dubai-based developer said that it had no plans to tap debt markets in 2012.
One of Abu Dhabi’s largest developers said that it expects residential rents in the emirate to drop further this year.
The new units are being developed by Saudi’s housing ministry as part of a larger affordable housing strategy.
High security kept trouble away from the track as Vettel stormed to victory.
Experts say that residential rents in the emirate fell up to 18 per cent during the first quarter of the year.
The Gulf country is hosting the Formula One Grand Prix amidst increasing protests on the streets.
Prince Alwaleed’s Kingdom Holding Company said that net income during the first quarter of the year reached SR100.8 million.
Abu Dhabi International Airport saw 21.2 per cent increase in traffic year-on-year.
The contract includes the construction of a residential development in Abu Dhabi.