Flynas currently carries three million passengers annually and claims 15-18 per cent of the domestic air travel market.
Doha carrier looks to attract two-way traffic with new Oneworld member US Airways as it launches fifth US destination
A sudanese official declined to disclose the total value of aid that Qatar had agreed to offer Sudan.
The NASDAQ Dubai bourse now hopes to grab some of that business with its own murabaha trading system.
Prior to joining Batelco, Alan Whelan has worked in firms such as AT&T, BT and other telecom companies in India and Macao.
Construction projects worth more than $23 billion were awarded in the UAE last year.
Zain will use the money to meet its “operational and expansion financing needs”, it said in a statement.
Economic growth slowed in the final quarter of 2013 due to a sharp fall in the hydrocarbon sector.
The low-cost airline said all flights to and from Dubai between May 1- July 20 will operate out of Sharjah.
The size of the issue was expanded to $650 million from the originally planned $500 million.
The expansion is part of British Airways’ investment in Saudi Arabia and the wider Middle East.
Debt holders tendered $136.1 million of bonds and Batelco agreed to buy back $131.4 million of them, a statement said.
The move comes as part of a broader push to revamp Bahrain’s efforts in Islamic finance.
Sami Asad, formerly the CEO of Arabtec’s Construction Group, will now lead the newly created subsidiary, Arabtec Egypt.
The UAE’s National Centre for Meteorology and Seismology has issued warnings about the possibility of sandstorms and landslides.
UAE Exchange estimates that robust economic growth in the UAE will lead to a hike in remittances from the region in 2014.
The Southeast Asian country has been facing political turmoil since November.
Aggregate funded credit exposures to non-resident borrowers other than banks are capped at 20 per cent of the bank’s local net worth.
Kuwait is the only Gulf Arab country without a telecom regulator.
The men are reportedly the first to be charged under the terms of a February royal decree.
The sukuk is expected to launch and price on Wednesday.
The company is boosting annual production in India to almost 800,000 pieces of sanitary ware from 300,000 to meet rising demand.
The company reported that its EBITDA grew 11 per cent to reach Dhs3.3 billion in 2013.
The government said it planned to float 15 per cent of the bank on the stock exchange later this year in an initial public offer.
The company has invited more than 70 financial institutions to a meeting in Dubai to propose “a comprehensive settlement” with creditors.
Nayef al-Ajmi was quoted as saying that comments made by the U.S. official in March, were “baseless and groundless”.
The company has recalled 372 Avalon vehicles, 2003 to 2004 models and 418 Land Cruiser 70 Pick Up, 2012-2014 models.
The Abu Dhabi-listed bank received investment grade ratings from Moody’s and Standard & Poor’s.
Fast-growing airport must keep up with Etihad’s growth ahead of Midfield Terminal Building’s launch
The proceeds will be used for Damac’s general corporate purposes.