Kuwait’s government has proposed wage increases of up to KD330 per month for private sector workers.
The emirate’s hotels also recorded a nine per cent rise in guest numbers during the first quarter of the year.
Saudi Arabia expects the project to be completed in 2015, the General Authority for Civil Aviation has said.
Dubai will use the proceeds from its $1.25 billion Sukuk to expand its airport, according to Sheikh Ahmed al Maktoum.
The emirate is aggressively developing its hospitality sector and aims to attract 2.5 million visitors by 2015.
According to UNWTO, tourist arrivals in the region are set to grow seven per cent per year over the next 20 years.
Last year, 80 per cent of the Gulf travellers visited the German city for medical reasons.
Bullion rose as the latest data released by the US weakened the dollar.
Regional hotel operators must invest in new technologies to stay ahead, say industry experts.
The airline’s CEO Akbar al Baker expressed concerns about wing cracks on the aircraft.
The bank reported a net profit of Dhs245 million for the first quarter of the year.
Despite popular belief, the UAE’s hospitality sector did not benefit in a major way from the Arab Spring, said experts.
Jumeriah boss, Gerald Lawless, said the GCC could introduce an electronic visa platform for global visitors.
Two Arabs made it onto the Sunday Times Global 50 rich list, with a combined fortune of $39 billion.
Istithmar World confirmed it has acquired a 50 per cent stake in the landmark Dubai hotel for $250 million.
Company plans 43 more hotels and 100 per cent more jobs in the next five years.
Abu Dhabi developer sees gains from government projects and higher rental income.
The developer’s results beat analyst expectations due to gains in retail and hospitality operations.
Gary Dugan will be joining Royal Bank of Scotland unit Coutts in Singapore, according to sources.
A consortium led by Qatar’s Mannai Corp said that its $445 million offer for a majority stake in the Dubai jeweler has been accepted.
Private companies in Saudi who hire expatriates in excess over the number of Saudi employees will have to start paying penalties.
Post-financial crisis, MBAs are in vogue in the Gulf. Which are the most popular courses and who is enrolling?
The country’s current account surplus increased mainly because of a rise in exports.
The two-part Islamic bond reportedly received strong demand in the market.
The Kingdom will grant new airlines licences in September to operate both locally and internationally.
The value of M&As in the region fell to $8.5 billion during the first quarter of 2012, according to Ernst &Young.
The US tech firm posted quarterly revenues of $39.2 billion, a 59 per cent jump on last year.
Emirates NBD’s Q1 net profit fell 55 per cent compared to last year but profit has tripled since Q4 2011.
The country is planning to pass laws this year to control the use of social networking sites.
London’s Heathrow Airport found that Saudi visitors were the Middle East’s biggest spenders in 2011.