Before the restructuring, industry sources said QP had around 14,000 employees
Ali Saleh al-Omair predicts gains in the final quarter of 2015 on the back of global growth
Etihad bought a stake in Jet two years ago giving it a foothold in India’s fast-growing aviation industry
The private equity firm acquired Al Faris Restaurant, which operates the Johnny Rockets franchise in the UAE and Oman.
The bank is expecting to see a double-digit growth in loans this year, the CEO said.
The airline has cautioned passengers travelling from Dubai between June 25-28 to plan for heavy airport traffic
The assent was granted at a board of governors’ meeting on Monday, a statement said.
The airline also has an option to buy three more jets from Brazil-based aircraft manufacturer Embraer
The new midscale property is the French group’s fifth hotel in Riyadh
His comedy show ‘Selfie’ which debuted last week on MBC, has won praise for daring to mock the hardline militant group
Doha-based International Centre for Sport Security will talk about its efforts to boost transparency in bidding processes for major sporting events in the US
Ahmed Mansour was released after Egypt was unable to dispel concerns about the extradition process
The bank said the employee had received about $100,000 from a client and transferred it through his personal account to a third account
The telecoms firm is lifting a ban on foreign ownership of its shares, with a new cap set at 20 per cent of its stock
The deal will promote Australia among both business and leisure travellers mainly within Europe
An Omani businessman infected with the virus is currently in quarantine in Thailand
The number of people looking to change jobs in the UAE was significantly higher than the global average, a report says
The mall will be a partnership project, the company said
The refinery, which started operating in 1967, serves much of the country’s western region
The 615,000 barrel per day oil refinery has been repeatedly delayed by bureaucratic and political issues
Both countries have recorded growth in new business orders and have seen a rise in output, a report says
The emirate’s real estate market is forecast to see a 10 to 20 per cent correction in prices this year, the report stated
Sheikh Mohammed bin Zayed al-Nahyan replaces President Sheikh Khalifa bin Zayed al-Nahyan at the head of the fund
Yasmine Attieh says Lebanese restaurant chain Em Sherif is working on several franchise opportunities in the region.
The company is seeking to agree a $2.69bn debt restructuring plan with investors
Housing and utility costs, which made up 44 per cent of all expenses, rose 7.8 per cent year-on-year
The deal is expected to increase Japanese investments in Oman
Ahmed Mansour, a talk show host on the channel’s Arabic service, was detained in Germany after an international police warrant was issued by Egypt.
A survey by the online travel site found that Western expats in the UAE travel most often for business
No details have been disclosed as yet about where or when the joint investments would be made