Lebanon Expects Gulf Arabs To End Travel Warning This Month

The GCC states warned citizens against visiting Lebanon last June because of the unrest in neighbouring Syria.

Airbus Set For A350 Safety Approval In Late Summer- EASA

Airbus has said tests are going well on its new lightweight, medium-sized jet, developed at an estimated cost of $15 billion.

Iran, Six Powers Hold ‘Useful’ Nuclear Talks; Agreement Elusive

The next round of senior-level negotiations is due to take place next week in Vienna.

Gulf Customs Union Plan Needs Compromises To Start On Time – Kuwait

The full functioning of the Gulf Customs Union has been partly delayed by disagreements over a formula on how to divide customs revenues between the states.

Swiss-Belhotel Set For ME Expansion

The hotelier is currently mulling six projects in Dubai, says chairman.

Middle East & Africa Visitors To Grow 11.4% Annually

The Middle East is expected to benefit from the high rate of outbound travel spend by Asian travellers, a study says.

Abu Dhabi Firm Signs Deal To Develop $9.7bn Project In Greece

The project includes the redevelopment of the former international airport in Hellenikon, Athens.

Egypt’s Economy Seen Just Meeting 2013/14 Growth Target

The country’s economy is predicted to grow 2.1 per cent this fiscal year, finds poll.

GCC’s Fiscal Surpluses To Shrink As Oil Prices Weaken

Oil prices are set to drop to $106 per barrel in 2014 and $101 next year from around $108 now.

Dubai Will Repay 2015 Debt On Time

State-linked firms are likely to repay obligations ahead of schedule.

IMF Says Dubai May Need To Do More To Avert Property Bubble

IMF official asks Dubai officials to look at stricter measures such as those used in Singapore and Hong Kong to cool property market.

Saudi’s Alkhair Capital Predicts 10% Annual AUM Growth

Alkhair, which has been operating in the Saudi market since 2009, opened an office in the Dubai last month.

Suez Canal Development Tender Winner To Be Announced Next Month

Bidders include Australia’s WorleyParsons, consulting firm McKinsey & Co and Japan’s Oriental Consultants.

Saudi Arabia Eyes “Qualitative” Shift In Economic Development

Economy and Planning Minister targets annual economic growth of five percent in the country’s 2015-19 development plan.

GIH Faces Kuwait Shares Suspension If It Misses AGM Deadline – Watchdog

Ultimatum a sign of the Capital Markets Authority (CMA) tightening its oversight on corporate disclosure norms in the Gulf State’s financial sector.

Saudi Econ Minister Targets 5% Annual Growth

Growth expected as a result of the country’s next five-year development plan.

Iraq Says Mobile Operators Can Launch 3G Services

Decision reverses an earlier plan to hold a multimillion dollar auction.

GCC Needs To Be Educated About Cruise Holidays – Operators

The need to educate Gulf vacationers is rising as the region is growing to be a source market for cruise tourists.

Gulf Arabs Free Fuel For Egypt Reaches $6bn In Value

The aid helps reduce the heavy costs of government fuel subsidies and the drain on foreign exchange reserves.

Emirates And IHG Big Winners At Business Traveller Middle East Awards 2014

Dubai International Airport and the JW Marriott Marquis Hotel Dubai voted best for business travelers in the Middle East

Egypt Is Safe For Arab Tourists, Says Tourism Minister

The Arab nation is looking towards the Gulf region to revive its slowing tourism sector

Giordano To Open 40 New Stores By 2015

The fashion retailer is planning to expand across locations in the Middle East, Eastern Europe and Central and Southern Asia.

Middle East Funds Become More Cautious On UAE -Survey

The April survey marks the first time since last September that the ratio of managers who are bearish on UAE equities exceeds the ratio of bullish ones.

Middle East Urged To Do More To Fight Financial Crime

The implementation of measures against financial crime is of growing importance in the region, a new KPMG survey says.

Egypt Discovers First Case Of Potentially Deadly MERS Virus

The patient, 27, was living in the Saudi capital Riyadh, the ministry said.

The Gulf’s Great Train Journey

As the GCC embarks on a colossal rail network, the region’s trade and logistics sector is poised for metamorphosis.

The Middle East Eyes Solar As Easy Oil Era Ends

The Middle East’s oil exporting countries are turning to solar energy options to power themselves. But the region still faces some stumbling blocks when tapping the sun’s power.

Arab Banks See Middle East Opportunities As Some Global Banks Scale Back

Arab bankers said they expect to see global banks moving increasingly to sell Middle East retail units or merge subsidiaries with other banks.

Behind-The-Scenes Boom

The GCC’s facilities management firms are booming as more buildings are erected but the industry is aiming for sustainable growth this time around.

Four Seasons Unveils Branded Jet

Move helps elevate Four Seasons’ private jet itineraries which have been on sale since 2012