The Gulf state also signed a contract earlier this year to import liquified natural gas (LNG) from Qatar to help meet its energy needs.
Daily services on A330-300 aircraft will be supported by Etihad Regional’s traffic growth
Officials have called for a re-vote following the latest allegations about Qatar’s bid for the FIFA 2022 World Cup.
Arabtec is also planning to invest about $60 billion in Egypt over the next three years in sectors such as real estate development, infrastructure, trains, airports, and oil and gas.
The Abu Dhabi carrier has placed its ‘EY’ code on Jet Airways’ domestic services for the first time, as part of the deal.
Emirates has expressed interest in applying the lessons of other Airbus re-engining projects to the four-engined superjumbo.
A merger between the two banks would create Oman’s second biggest bank by asset value, with assets worth around 4.78 billion rials ($12.42 billion).
The super regional mall will be anchored by an IKEA store and will have a gross leasable area of 250,000 square metres.
Both airlines will proceed with final documentation to complete the transaction once the board and stakeholders in Alitalia confirm acceptance of the terms.
Kuwait, home to a sizeable Shi’ite Muslim minority, is seen by some as a potential bridge between Iran and the Gulf Arab states.
Mohammad Javad Zarif’s visit would have been the first by a senior Iranian official since President Hassan Rouhani took power.
The UAE-based conglomerate is seeing a boom in the construction market, says Henrik Christiansen.
The transaction is likely to be worth between SAR500 million and SAR1 billion, sources said.
Leasing of the properties, which are located on Reem Island, will begin this week.
The 1.3km AKOYA Drive, resembling Rodeo Drive in Beverly Hills and Champs Elysees in Paris, will include F&B options and retail outlets.
The second phase of the project will have over 70 one to three bedroom apartments within a 20-storey tower, Emaar said in a statement.
The legislation aims to protect natural habitats in Dubai and develop and promote ecotourism.
The centre, which will be launched in Q1 2015, will be within free zone technology park, Dubai Silicon Oasis.
New regulations will come into effect within 60 days to protect the rights of domestic workers in the Kingdom, a labour ministry official said.
Emaar said the loan is repayable in seven years and carries a profit rate of 1.75 per cent over the London interbank offered rate (Libor).
New report claims former FIFA member Mohamed Bin Hammam paid $5 million to senior officials in exchange for their support for Qatar’s bid.
The work on the third phase of the project will start in June and is scheduled to be completed by 2016, RTA said.
Shareholders owning the company’s stock at the end of trading on July 1 will qualify for the dividend, the company said in a statement.
Today’s inaugural flight marks Etihad’s fourth US destination and one of the longest flights globally
Bahrain has been in turmoil since protests led by Shi’ite Muslims erupted in 2011 after similar uprisings in Egypt and Tunisia.
Analysts say the main attraction for Mobily, an affiliate of the UAE’ Etisalat, was to acquire Atheeb’s landline licence.
Delays in jetliner deliveries can cause disruption and extra cost for airlines as they reassign aircraft to fill the gap.
Can Kuwait overcome its bureaucratic and social hurdles to attract foreign investors and complete its $106 billion development plan?
The Saudi businessman and his Kingdom Holding Company invested $250 million for a combined stake of 2.5 per cent in the Chinese online retailer.
Revenues rise 47 per cent on back of Etihad Airways’ global connectivity, growing codeshare partners and introduction of three Airbus aircraft