Dubai’s New Airport Seen Open To Passengers End-2013

The Al Maktoum International airport was originally due to open for passenger traffic in March last year.

HSBC Slapped With $1.9 Billion Fine

HSBC Holdings will pay the biggest fine in banking history after violating US rules aimed at preventing money laundering.

Arab SMEs Must ‘Export Their Champions’

Experts at the Global Entrepreneurship Summit say MENA businesses must look beyond their borders.

3rd Global Entrepreneurship Summit Opens In Dubai

Members of the Dubai royal family and a message from Barack Obama open the two-day event.

UAE’s Etisalat Plans Midnight Launch Of iPhone 5

The UAE telecoms operator will officially launch Apple’s much-anticipated smartphone at 12 am on December 13.

UAE’s NBAD Plans Acquisitions In Expansion Abroad

National Bank of Abu Dhabi aims to be in 41 countries by 2021, compared with 14 right now, said a senior manager.

Qatar Sees Future Economic Growth At 5%

The Gulf state posted real GDP growth of 14.1 per cent in 2011.

Qatar Telecom Eyes 10-Year Bond Issue

Qtel has mandated six banks to help arrange the potential bond, which is expected to be at least $500 million.

Qatar Receives 4th C-17 Airlifter From Boeing

Qatar’s C-17s supported the NATO-led operation in Libya earlier this year.

Swiss Operator VistaJet Eyes Middle East

The luxury jet operator recently placed an order for 56 new planes worth $7.8 billion with Bombardier.

UAE’s Dana Gas Sets Out Restructured Sukuk Terms

The gas producer defaulted on its $920 million sukuk that matured on October 31.

Etihad Set To Buy 48% Stake In India’s Kingfisher Air

The deal is worth an estimated $550.3 million, according to Indian press reports.

Revealed: The Best Tailors In The UAE

Where to go for the best bespoke suits and shirts in the emirate.

Unknown Attackers Fire At Cairo Protesters, 9 Hurt

President Mohamed Mursi’s opponents are protesting the planned referendum for a new constitution on Saturday.

Qatar Eyeing Investment In Greek Defence Sector – Greece

Greece’s Hellenic Defense Systems (EAS) and Hellenic Vehicle Industry (ELVO) are among assets earmarked for privatisation.

Egypt’s President To Visit United States In 2013

The trip will be Mohamed Mursi’s first visit to the U.S. since he was elected to power in June.

Global Islamic Banking Assets To Hit $1.8 Trillion In 2013

Saudi is currently the world’s largest market for Islamic assets, says new report by Ernst &Young.

New Online Trading Platform Offers Bespoke Service

Tradable allows users to download crowd-sourced apps tailored specifically to suit their needs.

Abu Dhabi’s Falcon Bank Eyes More Buys After Clariden Deal

Falcon Private Bank plans to acquire wealth management boutiques that manage between $500 million and $4 billion in assets.

UAE Sets Royalty Rates For Telecom Operators

While Etisalat has to pay a royalty of 15 per cent on its revenues, du will initially need to pay a revenue royalty of five per cent.

Cybercrime In UAE To Rise In 2013

Experts say companies and individuals in the country will face targeted cyber attacks next year.

Emirates’ London Heathrow Flights All A380

Combined with daily Manchester A380 services, the world’s largest A380 carrier will be sending 360 flights to and from the UK each month

GCC To Host First World Luxury Expo

Steinway Piano Gallery will be displaying a crystallised 1/6 scale model grand piano worth AED12 million for the first time

Atkins Wins Muscat Sports Academy Contract

A 3,000-seat outdoor tennis stadium will be a focal point, featuring a roof that illuminates at night

Emirates Invests AED73 Million In Premium Shuttles

The move reflects the increasing number of flights Emirates has on remote stands that are not connected to terminal airbridges – as well as the large number of premium passengers on board its widebody aircraft.

Accor Refocuses Al Barsha Strategy

Accor’s renewed focus in this fiercely competitive district follows yesterday’s announcement that its upscale Pullman brand will be reflagged Sheraton Mall of the Emirates early next year

UAE Approves New SME Law

The UAE cabinet has endorsed a new law that aims to support small and medium enterprises in the country.

Saudi Arabia Cyber Attack Was Aimed At Oil

Saudi Aramco speaks for the first time about the virus that shut down its internal network.

Dubai Hills Is First Project In Dubai’s MBR City

Emaar and Dubai Holding unveil the first development in the ‘city within the city’.

David Beckham In Possible Middle East Move

The ex-Manchester United player has attracted the interest of Qatar and UAE-based teams.