The columnist fled Saudi Arabia after his comments on Twitter caused an outrage in the kingdom.
This is the first time that the UAE airline, started eight years ago, has recorded a profit.
The Bahraini telecoms operator will receive $174.5 million, the same amount that it paid to purchase the stake in the Indian firm.
The civic body said that cost-cutting measures were implemented to achieve a budget surplus in 2011.
Doha-based Mannai is planning to buy 58.8 percent of Damas in a deal estimated to be worth around $445 million.
Abu Dhabi’s Dolphin Energy will use the proceeds to meet its refinancing needs.
Dubai Gold and Commodities Exchange saw volumes increasing 95 per cent year-on -year in January.
Confidence decreased substantially in Saudi Arabia during the last quarter of 2011, according to Nielson.
The airline is planning an Islamic loan facility to fund two of its planes, according to reports.
The Abu Dhabi lender’s profits fell 19.2 per cent to Dhs135 million during the fourth quarter of 2011.
According to Ernst &Young, deal values in 2011 dropped by 28 per cent year-on-year to reach $31.7 billion.
Abu Dhabi-based investment firm may shed more than half of its staff.
The telecoms operator might also share infrastructure facilities with other carriers.
The move follows the stringent financial and trading sanctions imposed by the US and EU on Iran.
The UAE’s central bank is reportedly planning to limit credit card interest rate at 18 per cent annually.
According to the IMF, Qatar’s economy is expected to grow six per cent in 2012.
The pipeline will supply gas to the town of Duqm and is estimated to cost around $200- 220 million to build.
Lebanon’s Azadea Group will bring the fashion label to the Middle East later this year.
The kingdom’s oil minister has said that rising domestic demand will not affect crude oil exports.
According to the country’s Economy Minister, the Arab Spring has spurred growth in the UAE.
Qatar’s sovereign wealth fund is expected to acquire the property in a “few weeks.”
The country is scrambling to find an alternative to its threatened primary supply from Iran, Oman’s oil minister has said.
The German car company delivered 11,000 vehicles in the region during 2011, recording a 21 per cent sales growth for the year.
The signing of $930 million worth of trade deals at the Bahrain International Airshow has raised expectations for 2014.
Abu Dhabi has recorded its most successful year ever in terms of hotel guest arrivals with some 2,111,611 visitors.
Online shopping is surging in the Middle East as local buyers get comfortable using credit cards over the internet.
Saudi Arabia almost doubles income forecast, announcing a budget surplus of $81.6 billion for 2011.
The value of shares traded reached its lowest level since 2004.
Gulf Business attends Google’s groupie day in Dubai and chats with managing director, Ari Kesisoglu.
Billion-dollar railway projects are finally gaining momentum in Saudi Arabia, Qatar and the UAE.
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