Dubai Companies Need To Be Realistic – Yogesh Mehta

The Indian businessman spoke candidly on how the regional unrest has affected the billion dollar Petrochem business.

DP World Tour Championship: McIlroy Struggles After Sizzling Start

The defending Dubai champion is seeking his first 2013 win.

Dubai’s Expo Win Could Spark Talent War With Qatar

Dubai’s successful Expo bid could result in a tug of war with Doha for experienced regional talent.

HSBC Launches Dhs1bn International SME Fund

HSBC’s fund will be open to firms having an annual turnover of 30 billion dirhams or more.

Boeing Values Future ME Market At $550bn

The plane manufacturer predicts the region will need 2,610 new airplanes over the next 20 years.

Damas CEO: Plotting Global Expansion

GCC jeweller Damas has declared its global ambitions with the intention to expand the Damas brand to the largest jewellery markets and fashion capitals of the world. Gulf Business spoke to Damas CEO Anan Fakhreddin just after the announcement.

Will Emirates Emerge As The Biggest Buyer At The Dubai Airshow?

The carrier is expected to place a commitment for up to 150 Boeing 777X aircraft during the Airshow.

Virgin Australia Seeks $325m In Rights Issue

Etihad Airways, one of Virgin Australia’s shareholders, is committed to the offer and will raise its exposure via the capital raising.

DP World Tour Championship: Dubai’s $8m Prize

Rory McIlroy won last year’s Dubai event and believes he can mount a decent defence.

UAE Urges Iran To Tackle Regional Issues

The UAE and Iran both lay claim to the islands of Abu Musa and Greater and Lesser Tunb at the mouth of the Strait of Hormuz.

$100bn Boeing Order To Dominate Dubai Airshow

Emirates is expected to place an order for as many as 150 of the new 777X passenger jets.

Arabtec Reveals 189% Q3 Net Profit Rise

The Dubai-based construction firm revealed a net profit rise of 137 per cent for its first nine months of the year.

UK Grants Visa Waiver To Emiratis

The UK is the first European country to grant a visa waiver to Emiratis.

Landmark Plans Major GCC Expansion For Sports One

The retail conglomerate plans to expand open 34 new Sports One stores across the region by 2016.

ME Business Jet Market “More Developed Than China Or Russia”

Airbus hopes the display of the Emirates Executive ACJ319 at next week’s show will lead to more sales.

Saudi Ma’aden Progressing Well In Bank Finance Deal Talks

The cash will be used to fund the Umm Wual development at Waad Al-Shimal City

Emirates Adding Second Daily A380 To Munich

Munich authorities will have weighed up the increased traffic benefits against the impact it will likely have on Lufthansa’s Dubai-Munich loads.

Flynas To Launch New Business Class

Saudi carrier to roll out new premium product as it seeks a fresh start in 2014.

Oman’s Public Wage Bill Could Rise By $2.3bn In 2014

A royal order to standardise salaries and grades across the public sector is projected to cost OMR800-900 million.

Kuwait Finance House Q3 Net Profit Up 17%, Beats Estimates

The Islamic lender’s net profit rose to KD39.3 million.

GCC Has 61 Private Banks – New Report

Almost half of them – 31 – are international banks, all located in Dubai, says study by Insight discovery.

OPEC Oil Output Remains Higher Than 2014 Demand

OPEC forecast demand for its oil in 2014 will average 29.57 million barrels per day.

Broadband Revenue Boosts Omantel’s Q3 Profit

Omantel reported a net profit of 29.1 million rials in the three months to September 30, up from 28 million rials in the year-earlier period.

First Look: Mövenpick Hotel Jumeirah Lakes Towers

Swiss chain’s sixth Dubai hotel may be small but overseas-and-residential focus means potential is high.

ADCB To Price $500m Floating Rate Note

The transaction will price at 130 basis points over the three-month London interbank offered rate.

Saudi Rejects U.N. Security Council Seat, Opening Way For Jordan

Jordan’s place on the Security Council still would need to be approved by two-thirds of the General Assembly.

Etihad Wins India Competition Watchdog Nod For Jet Air Stake

The Abu Dhabi carrier already has the Indian cabinet’s approval.

E-Retail Should Complement Malls – Tejuri Boss

E-content in e-commerce platforms are driving overall sales, industry experts say.

Boeing-Qatar Airways: A Dreamy Relationship?

Following the grounding of the 787 Dreamliner this year, Boeing’s relationship with Qatar Airways’ Akbar Al Baker is back on track, but there is no room for further mistakes.

Emiratis Find Private Sector More Attractive

An Aon Hewitt study finds that Emiratis in the private sector report higher levels of satisfaction than their public sector counterparts.