The Gulf state upped its original 2012 expenditure plan by nearly 19 per cent in September 2011.
Air services provider dnata already owned 50 per cent of Servair Airchef in Italy.
Asian and Middle Eastern markets drive growth in global demand in gold jewellery.
Emirates NBD plans to meet investors on roadshows in Asia, London and the UAE.
DAMAC filed an international arbitration case against Egypt in 2011 over the conviction of its chairman and owner, Hussain Sajwani.
The new agency, to be called BPG Cohn & Wolfe, is the latest move in the international company’s expansion plans to grow across the region, India and Southeast Asia.
Succession planning is a major challenge affecting many of the region’s family businesses.
Airline will be keeping its fingers crossed for a smooth summer schedule – as will Boeing as it resumes B787 deliveries
With a market value of $11 billion, Asia’s second biggest airline desperately needs growth. Profit slumped nearly 70 per cent in the year to March 2012.
Brisbane passengers will soon be able to travel on the popular double-decker and Auckland will be served by three daily Emirates A380s from early October
The deal, which will see Kuwait Airways pay around 850 million dinars ($2.98 billion) for 25 new planes, could be closed this month.
Germany’s second-biggest carrier, almost 30 per cent-owned by Etihad, suffered a first-quarter loss before interest and tax (EBIT) of 188.4 million euros ($244.5 million).
A software engineer claimed that the company had asked him to build surveillance tools to intercept customers’ messages on Twitter.
Carlyle acquired its 30 per cent stake in General Lighting for an undisclosed amount in March 2010.
Boeing said on May 2 that it had begun offering the new 777X mini-jumbo jet.
Dubai hopes to tap into the trillion-dollar Islamic finance industry and has ambitious aspirations to become the global hub. Can it succeed?
Sugar plant Kenana is mainly owned by the governments of Sudan, Saudi Arabia and Kuwait.
On an annual basis, inflation edged up to a two-year high of 0.9 per cent, up from 0.6 per cent year-on-year in March.
The inaugural flight carried the code of the Dutch airliner KLM as it took off for Netherlands’ capital city on Wednesday morning.
ADIA said John McCarthy will oversee its existing portfolio and originate new transactions.
A two-month shutdown of Oman’s biggest refinery slashed Omani regular gasoline output by 42 per cent in the first quarter of 2013.
Kuwait’s elected parliament has been caught in a long-running power struggle with the appointed government.
The Dubai-listed firm made a first quarter net profit of Dhs21.9 million ($5.96 million), lower than Dhs22.4 million it posted in the period last year.
Centrica and QPI said in April they would buy Suncor Energy Inc’s gas business in Canada for C$1 billion ($986.73 million) in their first acquisition.
Non-oil trade grew to Dhs325.5 billion ($88.6 billion) in the first quarter from 280 billion in the same period last year.
Etisalat recently announced that it has unblocked Skype, but VoIP services by external providers are still banned in the UAE.
James Hogan says the Abu Dhabi carrier’s one-on-one partnerships are “easier, faster and more cost effective”.
The firm is currently undertaking a KD1 billion debt restructuring plan agreed in 2011.
The Kingdom plans to sell three mobile virtual network operator licences as part of a plan to liberalise its telecom market.
Regional diversity makes Dubai the first choice for Expo 2020 bid, says UK minister.