Gulf Air cited “commercial reasons” for the decision, which will place the carrier under renewed scrutiny.
The investment firm is currently in the midst of a Chapter 11 bankruptcy process.
Well-known hotel sports ‘chic new look’ and aims to serve as a contemporary city escape for business and leisure travellers
A fifth daily non-stop service is being introduced between Dubai and Bangkok, swelling services to 35 flights a week from March 31.
Oil prices in 2013 are expected to be similar to prices in 2012, says UAE energy minister Mohammed Dhaen Al Hamli.
The precious metal had dropped to a more than four-month low of $1,625.79 on Friday.
A UAE central bank circular issued last week said mortgage loans for foreigners should not exceed 50 per cent of the property value.
Workers in Saudi Arabia are expected to see the biggest salary hikes in the region at six per cent, says new study.
The passenger complex at the new Dubai World Central Al Maktoum International Airport could open as soon as Q1 2013.
Egypt is holing negotiations with the International Monetary Fund to get a $4.8 billion loan.
Alba received a five-year $85 million loan from Bahrain’s Gulf International Bank and a three-year loan from a group of banks.
As Tata Communications continues investing in the region, Radwan Moussalli, managing director – MENA, Tata Communications reveals the impact of network outages on Middle East companies.
Turkey is planning to build an LNG terminal on the Gulf of Saros to meet increasing demand.
A new Carrefour hypermarket and a 14-screen Vox Cinemas multiplex are part of the mall’s renovation plan.
The Dubai-based lender already owns a 58.2 per cent stake in Tamweel.
Kuwait’s gridlocked political situation is stymying its banking sector.
Oman’s economy and its banking sector are performing well.
A total of 121 journalists were killed last year, says international journalists’ group.
Abu Dhabi-based Etihad could pay up to $330 million for a 24 per cent stake in Jet Airways, says source.
The project, located in Turkey’s Afsin-Elbistan region, is expected to start production in 2018.
A three-class Boeing B777-300ER will be deployed from February, providing more seats and cargo space
More than one-in-five deaths occurred in the city of Homs, says UN-commissioned study.
Africa’s vast lands, fast economic growth and a sense of political stability are all attracting regional investors.
Oman’s stock index rose 1.2 per cent last year and outperformed Qatar and Bahrain.
FlyGeorgia has begun services to Dubai, its fourth Middle East route
Officials clarify that the UAE rule of decriminalising bounced cheques only applies to UAE nationals.
The telecoms operator plans to use the funds for the future growth of its business.
The Abu Dhabi-based airline is in final stages to acquire a part of the Indian carrier, say sources.
International banks are shrinking their regional businesses as deal activity dries up.
High oil and gas prices and a large-scale infrastructure programme buttressed Qatar’s banking sector in 2012.