UAE government’s use of social media is revolutionising governance but experts say that challenges persist.
Prices above $100 are unsustainable because they lead to too much new supply and too much demand destruction, writes Reuters columnist John Kemp.
Sohar is starting to compete for traffic with Jebel Ali and other top Gulf ports, as part of a far-reaching plan by Oman to diversify its economy beyond oil.
Gulf Business speaks to Neelesh Bhatnagar, director of Oasis Centre.
The bank attributed the rise in quarterly profit to higher operating income, which increased 12.1 per cent.
Globally, passenger numbers are expected to reach 7.3 billion by 2034, representing a 4.1 per cent average annual growth.
Kuwait Foreign Petroleum Exploration Company (Kufpec) was last in the market in June 2013 when it sealed a five-year $750 million deal.
The BIE, which oversees World Expos, was provided an overview about the new Expo 2020 Bureau and the site’s positioning.
Resort blends leisure and business around an ‘understated’ luxury theme
Saudi Aramco Products Trading Co sold a November 180-centistoke derivative to Glencore at $466.25 a tonne.
Kuwait Oil Co intends to spend some $42 billion on oil and gas projects over five years.
The Saudi index sank to 9,407 points, its lowest level since mid-April.
Dubai’s airport retailer accounted for 5.19 per cent of global airport duty free business and almost three per cent of the wider duty free and global travel retail business.
Chang Zhou Almaden, which produces photovoltaic glass, will set up a 15,000 sqm manufacturing facility at the free zone.
The cabinet “accepted” a report by a committee at the Ministry of Electricity and Water on hiking prices of diesel and kerosene more than threefold, state news agency KUNA reported.
The group was convicted of embracing militant ideology, the possession of ammunition in their apartment and firing on security services during a raid on their apartment in Mecca, killing one security officer.
The passenger arrived in Dubai on a plane from Liberia, the ministry said.
Zainab al-Khawaja was accused of insulting King Hamad by tearing up his picture, her lawyer said.
The bank said it made SAR1.66 billion ($442.6 million) in the three months ending September 30, compared with SAR1.71 billion in the same period a year earlier.
Qatar Airways plumps for Gulfstream to meet next-phase long haul needs
The new theme park, to be operated by Merlin, is coming up in Dubai Parks & Resorts.
The decline in third-quarter net profit came despite the bank posting a 7.8 per cent increase in its operating revenue.
The group will bring European brands such as Sonia by Sonia Rykiel, Berenice and Essential Antwerp to Dubai.
FGB, majority-owned by Abu Dhabi’s ruling family, signed an agreement with Integrated Financial Group.
Nawras had 2.51 million subscribers as of Sept. 30, up 6.5 per cent from a year ago.
Under the transaction, GEMS will be split into two entities, with the investing group buying a stake in the part of the business focussed on MENA and Asia.
The Note 4, priced at Dhs2,799, will be available from October 16, while the Note Edge will be launched later as a limited edition product.
The company is looking to invest in the GCC’s healthcare and education sector, with a focus on the UAE and Saudi markets.
In February, a Flydubai official said that the firm is looking to raise funds through a bond issue and was considering a sukuk option.
The projects include the upgrade to the country’s international airport, various tourism developments and the expansion of the aluminium smelter at state-owned firm Alba.