Dubai plans world’s largest Ferris Wheel
Dubai's ruler approved the 6 billion dirham Bluewaters Island development on Wednesday.
February 14, 2013 8:50-
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Budget airline flydubai expanding its budget
"We are in talks about another 50 aircraft," said flydubai Chairman Sheikh Ahmed bin Saeed al-Maktoum.
February 13, 2013 1:38 -
Bahrain Air forced to shut down
Officials at the Ministry of Transportation could not be contacted for comment on Tuesday night.
February 13, 2013 10:59
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Do we need better Islamic Finance oversight?
The statement by the Capital Market Authority (CMA) appeared to be in response to concern about uneven self-regulation by the institutions.
February 12, 2013 6:00 -
First order of business is employment for Emiratis
Just over 11 percent of the UAE's estimated 8.3 million people are local citizens, and most of the rest are foreign workers. The unemployment rate among locals is officially put at 14 percent.
February 12, 2013 8:43 -
Passenger plane crashes in Muscat
Zuwaidi said the scheduled flight by the Boeing 737 aircraft was arriving from Islamabad when it crash-landed.
February 11, 2013 4:59
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Japan denies asking Saudi for more oil
Japan's reliance on oil imports has intensified since the shutdown of many nuclear power plants after the Fukushima disaster in 2011.
February 11, 2013 12:20 -
Are we getting the world’s biggest airline?
The board of each airline is expected to meet in the middle of the coming week to vote on the proposed deal, and an announcement would likely come in the latter part of the week.
February 11, 2013 12:16 -
Dreamliner issues will not affect progress – Emirates
The 777 is one of the most successful jets of all time in terms of sales
February 10, 2013 12:27
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HSBC says unprofitable to deal with Syrians
One regional banking analyst said the cost of making additional checks on customers was difficult to justify if they did not provide much revenue to the bank.
February 7, 2013 11:23 -
Egypt’s Government nearing end of the road?
To his critics, Ahmed Shafik is a typical autocrat consigned to history’s dustbin by the Arab Spring – a military…
February 7, 2013 5:58 -
Saudi Market Regulator Head replaced
The CMA was set up by King Abdullah as part of a series of reforms aimed at deregulating Saudi Arabia's financial services industry and capital markets.
February 6, 2013 3:42
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Ghost of ‘crisis capital’ haunts UAE Banks
"If you look at how much banks are paying on the bonds compared to where their senior debt is trading, it is a significant difference," said Timucin Engin, associate director for financial services ratings at Standard & Poor's.
February 6, 2013 12:23 -
ENOC begins to cut off Iran and turns to Qatar
Emirates National Oil Company (ENOC) signed an annual contract with Qatar’s International Petroleum Marketing Company (Tasweeq) to buy 20,000 barrels per day…
February 5, 2013 10:17 -
‘Head in the clouds’ – Iranian President
Iran declared last week that it had successfully launched a monkey into space and retrieved it alive, which officials hailed as a major step towards their goal of sending humans into space.
February 5, 2013 10:14
