Germany’s second-biggest carrier, almost 30 per cent-owned by Etihad, suffered a first-quarter loss before interest and tax (EBIT) of 188.4 million euros ($244.5 million).
A software engineer claimed that the company had asked him to build surveillance tools to intercept customers’ messages on Twitter.
Carlyle acquired its 30 per cent stake in General Lighting for an undisclosed amount in March 2010.
Boeing said on May 2 that it had begun offering the new 777X mini-jumbo jet.
Dubai hopes to tap into the trillion-dollar Islamic finance industry and has ambitious aspirations to become the global hub. Can it succeed?
On an annual basis, inflation edged up to a two-year high of 0.9 per cent, up from 0.6 per cent year-on-year in March.
The inaugural flight carried the code of the Dutch airliner KLM as it took off for Netherlands’ capital city on Wednesday morning.
ADIA said John McCarthy will oversee its existing portfolio and originate new transactions.
A two-month shutdown of Oman’s biggest refinery slashed Omani regular gasoline output by 42 per cent in the first quarter of 2013.
Kuwait’s elected parliament has been caught in a long-running power struggle with the appointed government.
The Dubai-listed firm made a first quarter net profit of Dhs21.9 million ($5.96 million), lower than Dhs22.4 million it posted in the period last year.
Centrica and QPI said in April they would buy Suncor Energy Inc’s gas business in Canada for C$1 billion ($986.73 million) in their first acquisition.
Non-oil trade grew to Dhs325.5 billion ($88.6 billion) in the first quarter from 280 billion in the same period last year.
James Hogan says the Abu Dhabi carrier’s one-on-one partnerships are “easier, faster and more cost effective”.
The firm is currently undertaking a KD1 billion debt restructuring plan agreed in 2011.
The Kingdom plans to sell three mobile virtual network operator licences as part of a plan to liberalise its telecom market.
Regional diversity makes Dubai the first choice for Expo 2020 bid, says UK minister.
The Dubai-based contractor is currently bidding for projects worth about Dhs15 billion.
The early guidance has the five-year bond pricing in the area of 275 basis points over midswaps.
Citymax COO says it would like to build up to five more Dubai hotels – if it wasn’t for the cost of land
During the first three months of 2013, Dana collected $41 million in receivables from Egypt and $32 million from Kurdistan.
Bahrain’s biggest telecom group has now reported a fall in profit in 11 quarters out of 12 and has seen its market share eroded by rivals.
The investment bank said the quarterly net loss narrowed to Dhs5.9 million dirhams ($1.6 million) from Dhs8.5 million a year ago.
On Sunday Saudi Arabia said it had had a total of 24 confirmed cases since the disease was identified last year, of whom 15 had died.
The proposal calls for state-owned Kuwait Airways to buy 25 new Airbus jets and to lease a further 13 to upgrade its fleet but needs government approval.
Elections in December brought in lawmakers seen as more cooperative with the government.
The UAE Foreign Ministry announced that the Emiratis had been released on its Twitter account late on Sunday.
The Saudi Arabian Monetary Agency sent banks a circular in April giving them three months to list the types of jobs that could be reserved entirely for Saudis.
The Abu Dhabi Ports Company’s ambitious Dhs26.5 billion megaproject is powering ahead and on track to establish the UAE as a global maritime hub.
The oil and gas sector, along with banking and finance, will see wage hikes.