Kingfisher Airlines Loses Rights To Fly To Dubai

The carrier has lost its traffic rights allowing it to fly 21 times a week into the UAE.

Jet Airways Shares Surge On Report Etihad Deal Is Close

Etihad paid $70 million to India’s Jet Airways to buy three pairs of Jet’s slots at London’s Heathrow Airport.

Former Foreign Secretary Miliband Dismisses UK Ratings Downgrade

David Miliband called for investment and innovation, speaking at a conference in Abu Dhabi.

Marriott To Open 49 New MENA Hotels By 2017

The hotel group is officially launching the world’s tallest hotel, the JW Marriott Marquis Dubai, tonight.

“Being Global Doesn’t Matter” – Frost & Sullivan

The GIL 2013 event in Dubai highlighted the importance of visionary innovation and megatrends in business.

Egypt Hot Air Balloon Crash Kills 19 Tourists

Nationals from Britain, France, Japan and Hong Kong are among the dead after a gas explosion at 1,000 feet.

Peru – UAE Exports Rise Record 35 Per Cent

Food and beverages, mining and construction are among the growth sectors.

Abu Dhabi Royal Scraps Agreement For $45bn Pakistan Property Project

Sheikh Nahayan bin Mubarak has cancelled the deal less than two weeks after it was signed.

Chinese Bank ICBC ME Posts 69% Rise In 2012 Profit

Industrial and Commercial Bank of China’s Middle East unit posted a pre-tax profit of $54 million in 2012.

Barca Extend Etisalat Sponsorship Deal To June 2017

The deal confirms Etisalat as FC Barcelona’s main sponsor in UAE, Nigeria, Ivory Coast, Benin, Togo, Niger, Gabon and the Central African Republic.

GCC Food Consumption To Hit $106bn By 2018

Food is the largest segment of consumer expenditure in the region and stood at $83 billion year-end 2012, says new report.

Pictures: $75M Swiss Penthouse Targeted At Gulf Buyers

In return for their multimillion franc investment, owners will receive “full on effortless living”

Fiat Chrysler Group ME Sees 2012 Record Year

The U.S. car manufacturer – which houses the Chrysler, Dodge, Jeep and Ram brands – sold 25,321 vehicles in the region.

QNB Bid For 100% Of Soc Gen Approved

Qatar National Bank had planned to buy 77 per cent of National Societe Generale Bank last year.

Etisalat Picks Banks For $6bn Maroc Telecom Stake

Etisalat is talking to banks about a syndicated loan of up to $8 billion to finance the potential transaction.

Kerry Makes First Foreign Trip To Middle East

The top U.S. diplomat will visit Saudi Arabia, Qatar and the UAE in his nine-country whistle stop tour.

Rotana To Debut In Turkey

Twin projects near Istanbul target leisure travellers as operator seeks new revenue opportunities outside GCC

Turkish Airlines To Spend $120m On Ads This Year

The carrier’s recent advertisement featuring sports stars Lionel Messi and Kobe Bryant has received over 102 million YouTube hits.

UAE Etihad’s Pause Highlights India Investment Risk

Etihad’s pause over taking a stake in Jet Airways highlights the difficulties Gulf investors have faced in India.

Most Successful GCC Companies Abroad

A list of the most successful Gulf companies to take the international business world by storm.

Air Berlin Makes First Profit In Five Years

Shares in Germany’s second biggest airline jump after Etihad Airways buys stake in frequent flyer programme.

Drone Manufacturers Target Rising Gulf Arab Demand

“All countries in the Arabian Gulf are talking to us,” says one executive in the unmanned aerial vehicle business.

Etihad and Kenya Airways sign codeshare agreement

Deal provides Abu Dhabi carrier with better connectivity throughout Africa and Nairobi-based airline with improved international access.

Qatar Gives $100m In Humanitarian Aid To Syria

Donor countries meeting in Kuwait last month pledged more than $1.5 billion to aid Syrians affected by the civil war.

Middle East Urged To Address Food Security Issues

Recent predictions suggest the value of food imports into the GCC alone will hit US$53.1 billion by 2020.

Covered Sukuk To Offer Investors Greater Security

The structure could play a role in Islamic finance after it was used for the first time by London-based subsidiary of Kuwaiti firm Securities House.

UAE Close To Decision On UK, French Fighters

The French Rafale jet and BAE Systems-backed Eurofighter Typhoon are in a closely-contested race to win the deal.

Egypt’s Economy Grew 2.4% In Second Half Of 2012

Consumer spending has been a main driver for the economy battered by two years of political turmoil.

StanChart Hires Ex-RBS Banker For Top MENA Job

Tom Emmet will head up the lender’s mergers and acquisitions business in the MENA region.

REVEALED: World’s Top 10 Richest Sports Stars

Gulf Business reveals the top 10 wealthiest names from the world of sport.