Dubai Airport Passenger Traffic Up 9.5% In November

Year-to-date passengers totalled 60.4 million people, an increase of 15.3 per cent.

UAE Consumers Demand Effective Brand Loyalty Programmes

Brands in the Middle East are failing to deliver loyalty programmes relevant to consumers’ needs, according to a survey.

Dubai’s Arabtec Says No Plans To Increase Stake In Depa

The contractor denied media speculation about increasing its stake in Depa.

Saudi Royal Faces Death Penalty For Murder

The name of the prince was not revealed.

UAE’s First Fully Built Satellite, Khalifa Sat, To Enter Orbit In 2017

Dubai’s ruler Sheikh Mohammed Bin Rashid Al Maktoum launched the project.

Saudi Arabia To Give Lebanese Army $3bn In Aid

Some of the money is likely to be spent on weapons from France, said Lebanon’s President Michel Suleiman.

How Did Saudi Real Estate Perform in 2013?

Massive government spending is driving Saudi Arabian real estate growth, says Dr. Tobias Plate, senior partner at Roland Berger Strategy Consultants Middle East.

Prince Alwaleed’s Twitter Stake Value Jumps To $1.2bn

Alwaleed’s Kingdom Holding bought a $300 million stake in Twitter in December 2011.

Dubai’s Drake And Scull Secures $16m Contract In India

The contractor will perform MEP works for four towers in Mumbai’s New Cuffe Parade project.

Dubai’s Index Falls For The First Time In 5 Days

The DFM General Index fell as investors sought to take advantage of a four-day rally to pocket gains.

Abu Dhabi Exceeds 2.5 Million Hotel Guests Target For 2013

Around 2.5 million guests stayed in Abu Dhabi’s hotels in the first nine months of this year, up 17 per cent from last year.

Saudi Ma’aden Restarts Aluminium Plant Production Line

The $10.8-billion aluminium plant at Ras al-Khair shut one of its smelting lines in mid October.

Al Habtoor Group Announces Major Board Reshuffle

The group has said that its hotels division board has been carefully planned with a mix of expertise to cope with growing business demands.

Emirates To Operate A380 On London Gatwick Route

The new service will be launched on March 30, 2014 and is expected to increase capacity by 36 per cent.

Bahrain Court Acquits Princess On Trial For Torturing Doctors

The alleged torture took place in 2011 when Bahrain was hit by unrest.

Qatar Signs Aid Deal Worth $1.25bn For Morocco

Qatar, Saudi Arabia, Kuwait and the UAE agreed in 2012 to provide aid worth a total $5 billion to Morocco in the period 2012-2017.

Assessing Qatari Real Estate In 2013

Preparations for the 2022 FIFA World Cup are driving the Qatari real estate market forward, says Dr Tobias Plate, Senior Partner at Roland Berger Strategy Consultants Middle East

Nakheel Reports Land Sales Of Over Dhs162m

The developer reported the land sales in its Al Furjan and Jumeirah Village Triangle projects.

Etisalat Targets SME Customers

Etisalat has been investing in various mobile packages to tap into the country’s lucrative SME customer base.

Dubai’s Fireworks Record On NYE: All You Need To Know

Dubai’s record-breaking attempt will feature 400,000 fireworks and will extend over 100 kilometres across Palm Jumeirah’s shoreline.

Saudi Ma’aden Secures $4.2bn For Phosphate Project

The $7 billion project in city of Waad al-Shimal is a joint venture between Ma’aden, Saudi Basic Industries Corp and Mosaic.

McLaren MP4-12C Joins Dubai Police Fleet

The sportscar comes with a 2020 number plate in recognition of Dubai’s Expo 2020 win.

Egypt Declares Muslim Brotherhood A Terror Group After Bombing

The move came after after a car bomb ripped through a security headquarters in Mansoura, killing at least 16 people.

UAE Telecom Regulator Warns Etisalat, Du Against False Marketing

The TRA has cautioned the operators to avoid using misleading marketing campaigns ahead of the launch of the mobile number portability service.

Gold Set For Biggest Annual Loss In Three Decades

The precious metal is headed for a near 30 per cent drop this year as the US heads towards a strong economic recovery.

How Did UAE Real Estate Fare In 2013?

Recovery of UAE’s key real estate markets remains uneven with robust growth in sales and rental prices in Dubai and slower improvements in Abu Dhabi, says Dr. Tobias Plate, senior partner at Roland Berger Strategy Consultants Middle East.

Dubai’s DIB Approves Foreign Ownership Increase To 25%

The lender said that the decision was taken to address the huge demand from large foreign institutional investors.

Dana Jumps Most In 8 Years After Egypt Payment

The company received $53 million in dues from the Egyptian government.

UAE Declares Holiday For New Year’s Day

Public and private sector workers get one day off on Wednesday, January 1, 2014.

Different Arab money

Soaring Compliance Costs Clip Wings Of Mideast, African Banks

Compliance teams face an increasing array of rules due to failings exposed by the financial crisis.