Flydubai Launches New Destinations

The carrier has announced new services into Eastern Europe as its reach across the region expands.

Samsung Eyes Mobile Top Spot

Exclusive: Eros, Samsung’s UAE distributor, says that the brand will soon lead the country’s mobile market.

Mashreq: “Dubai Will Be Back”

Exclusive full interview: Abdul Aziz Al Ghurair reveals why he’s going back to basics.

Bank Of Palestine Launches In Dubai

Exclusive: Palestine’s largest bank to launch Dubai office in 2013 to serve 200,000 Palestinians.

Oman LNG Eyes 20% Output Rise

The company currently produces around eight million tonnes of liquefied natural gas a year.

Saudi Domestic Tourism To Grow

Official statistics reveal that local tourism in the Kingdom will grow five per cent during summer this year.

Damas Delists From Nasdaq Dubai

Nasdaq Dubai’s future looks bleak as another stock delists ahead of MSCI’s upgrade announcement.

Qatar’s RasGas At Full Capacity

The LNG plant is operating at 100 per cent capability after maintenance shutdowns earlier this year.

Dubai Stops ‘One Cheque’ Rents

A new survey finds that most landlords in Dubai now allow tenants to pay in two or four cheques.

Qtel Raises Asiacell Stake

Qatar Telecom will pay $1.47 billion to increase its stake in Iraqi operator Asiacell to 60 per cent.

Kuwait’s Global In Bond Delay

The investment house is expected to get a five-month added window to repay bonds of $338.6 million.

Islamic Finance Innovation “Slow”

The Islamic finance industry needs to create new and diverse products to grow, says Noor CEO Hussain Al Qemzi.

Microsoft Warns Of Flame Virus

The American computer giant has warned Middle East PC users of the virus penetrating the region.

Etihad Buys Virgin Australia Stake

Abu Dhabi-based Etihad buys a four per cent stake in the Australian airline for an undisclosed price.

Hallowed Be Thy Plane

EXCLUSIVE: Bruce Dickinson gives an interview to Gulf Business and discusses his double-life as a commercial airline pilot.

Emirates Launches Vietnam Route

Dubai-based Emirates Airline has begun a non-stop daily flight service to Ho Chi Minh City.

Soros: 90 Days To Save Euro

Billionaire investor George Soros warns European authorities to act quickly or risk the Euro collapsing.

UAE Confirmed As IRENA HQ

The country has signed a ‘permanent headquarters’ agreement with the renewable energy agency.

DIFC Unit Gets $1.04bn Loan

DIFC Investments has secured a five-year syndicated loan to repay its Sukuk maturing this month.

HSBC Gets Nod For Oman Merger

The European lender has received approval to merge its Omani business with Oman International Bank.

Renewable Energy Market Flawed

Expert says GCC governments will not succeed in reaching their goal of a large renewable energy market by 2020.

Etihad Launches Brazil Flight

The Abu Dhabi-based airline announced that it will operate daily flights to Sao Paulo from June next year.

Saudi Unlikely To Cut Oil Supply

Despite oil prices falling below $100 a barrel, Saudi Arabia will not cut supplies anytime soon, say experts.

Abu Dhabi Airport Posts 22% Growth

Over 1.2 million travellers passed through the Abu Dhabi International airport during April 2012.

Emirates Goes iPad HD Ready

Dubai’s national carrier launches new entertainment software across its Boeing 777 fleet of aircraft.

Nakheel Posts Q1 Profit

The Dubai-based developer’s first-quarter revenue rose 159 per cent to Dhs1.35 billion in the first quarter of the year.

DIFC Unit To Sign $1bn Loan

The loan will be partly guaranteed by the Dubai government, according to sources.

ME Airlines See 16% Growth

Passenger demand in the region grew 16 per cent year-on-year in April, according to the IATA.

Abu Dhabi Bank Opens UK Branch

Abu Dhabi Islamic Bank’s UK branch, located in an upscale development, hopes to target wealthy Gulf clients in Britain.

Oil Hits Seven-Month Low

Crude oil prices dropped to nearly $100 per barrel fueled by fears about the Eurozone crisis.