Gulf Air CEO Resignation: What Happens Now?

Following the resignation of the CEO of Gulf Air, Samer Majali, this week, where does the airline find itself as it approaches 2013?

Emirates Flight Training Academy Targets 2014 Launch

Dedicated facility at Dubai World Central Airport will help meet demand surge for professional pilots

Kuwait’s Ruler Reappoints Prime Minister

Sheikh Jaber al-Mubarak al-Sabah has been asked to form a new government by December 16.

flydubai Shows Hollywood HD Movies

The low-cost carrier is the launch customer for the ‘Fiber-To-The-Screen’ system by Lumexis, enabling HD movies to be shown simultaneously in every seat back.

Best Western Opens All-Suite Hotel In Bahrain

The chain is in the midst of an aggressive Middle East expansion with new hotels in Jordan, Kuwait, Oman, Saudi Arabia and another property coming up in Bahrain

Air Arabia Launches Services to Iraq’s Basra

The low-cost carrier will fly three times a week between Sharjah and Basra.

Qatar Airways Launches Warsaw Flights

The carrier has started four-times weekly services between Doha and Warsaw.

US Investigation Into Saudi Banking Licenses

The US Department of Justice is investigating if the alleged Barclays’ bribes were replicated at other banks.

Dubai Taxis To Apply Salik Charges

People using taxis in Dubai will have to start paying the Dhs4 toll from January.

UAE Bankruptcy Law Changes Not Ready Until Late 2013

The government hopes the new rules will reassure foreign investors and help bring in more cash from overseas.

Qatar Approves Law Establishing Single Regulator

The law provides for an umbrella body to regulate banks, financial services and insurance companies.

Etihad Looks To Buy Air Berlin Loyalty Programme

The Abu Dhabi carrier already owns a 29.12 per cent stake in the German airline.

Top 10 Over-Used Buzzwords On LinkedIn In UAE

“Motivated” topped the list of words used by LinkedIn members in the UAE in 2012.

Qatar Airways Interested In Czech Airlines

Czech Airlines, a member of the Sky Team alliance, lost $12.10 million last year.

Cigarette Caused Tamweel Tower Dubai Fire

A police report says a cigarette was to blame for causing the fire in Jumeriah Lakes Towers.

UAE’s NMC Unit Signs Deal With Indian Food Producer

Under the agreement, NMC Trading will introduce Radikal’s Basmati rice to the UAE market.

UAE Nov Business Activity Edges Down To 3-Month Low

The surge in new orders reduced in November, according to the HSBC UAE Purchasing Managers’ Index.

Bahrain Economy Recovers And Grows In Q3

The annual GDP rise of 3.1 per cent was mainly due to non-oil economic activities.

Dubai’s New Airport Complex Sees Dhs1.5bn Private Investment

Development in Dubai World Central is progressing rapidly with business jet operations set to launch in 2013.

Prince Alwaleed Backs Fines For Expat Firms

The new policy means companies will be fined if less than 50 per cent of their workforce is made up of Saudi nationals.

UAE Submits Official Bid To Host World Expo 2020

Dubai is competing against four other cities to host the major world event.

TAQA, GIB To Price Bonds In Late-Year Gulf Flurry

Abu Dhabi National Energy Co (TAQA) has $1.75 billion in bond maturities next year.

Qatar Reduces NYSE’s Stake In Local Bourse

Qatar Holding now owns 88 per cent of the bourse, with NYSE Euronext holding the remaining 12 per cent.

UAE Authorities To Help Clear Emiratis Debts

New scheme means loan repayments by citizens will not exceed 50 per cent of their monthly salaries.

Kingdom Holding To Sell NY Plaza For $32.9m Profit

Sahara India Pariwar completed its purchase of a 75 per cent stake in the Plaza for $575 million.

Goldman Hires Barclays Banker For Saudi Business

The Saudi national will take up the role of co-chief exectuive and head of investment.

Qatar Airways Upgrades Airbus A350 Order

Qatar Airways is the launch customer for the future A350.

Kuwait’s Government Resigns For New Cabinet

Emir Sheikh Sabah al-Ahmad al-Sabah said the new parliament would convene on December 16.

Saudi To Invest Over $133bn In Power Investment

Power consumption rose by nine per cent in the first half of 2012.

Top 10 Expensive Homes In The UAE

The most highly priced properties for sale on UAE’s market.