Mursi very optimistic about crisis
President Mohamed Mursi is “very optimistic” that Egyptians will overcome the country’s political crisis, his spokesman said on Monday, referring…
November 27, 2012 8:55-
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Dubai Group cuts half of its staff
Dubai Group, part of the ruler of Dubai’s personal empire, has cut half its staff of about 30 people as part…
November 27, 2012 8:53 -
Senior bankers leave BofA’s MidEast ops
The head of Bank of America Merrill Lynch’s Middle East and North Africa unit has left following an overhaul of the U.S. lender’s regional…
November 27, 2012 8:48
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Turkish Airlines looking at aircraft financing
Turkish Airlines confirmed on Monday it is looking at several options to finance buying additional aircraft, including leasing arrangements and…
November 26, 2012 4:09 -
Oman Air sees revenue growth in 2012
State-owned Oman Air, the sultanate’s national carrier, expects its revenue to grow 30 percent in 2012 because of expanded operations, its chief…
November 26, 2012 2:39 -
Iran wants more oil storage in Gulf
Iran will build millions of barrels of oil storage facilities in the Gulf over the next few months in response…
November 26, 2012 12:04
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SpiceJet in stake talks with Etihad & AirAsia
"This deal is not just about investment but also technology and partnership in many other ways," said the source, who declined to be identified.
November 26, 2012 10:37 -
Qatar cashes in on Barclays warrants
Qatar Holding LLC has cashed in on its remaining warrants in Britain’s Barclays Plc, a move that still leaves the sovereign wealth fund…
November 26, 2012 8:49 -
Dinesh Sharma appointed at Citigroup Inc
Citigroup Inc has appointed Dinesh Sharma as its consumer banking head for the Middle East and North Africa, the U.S. bank said in a statement…
November 25, 2012 3:55
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Saudi royals & officials visit king in hospital
Senior Saudi royals and government officials have visited King Abdullah in hospital, state news agency SPA reported, a week after…
November 25, 2012 3:54 -
Mobily prepaid SIM cards suspended
Saudi Arabia’s No.2 telecom operator Etihad Etisalat Co (Mobily) has been suspended from selling pre-paid sim cards by the industry regulator, the…
November 25, 2012 12:50 -
Dubai plans ‘Mall of the World’ and other big things
"The current facilities available in Dubai need to be scaled up in line with the future ambitions for the city," Sheikh Mohammed said.
November 25, 2012 8:45
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Four new cases of SARS-like virus in GCC
Among the symptoms in the confirmed cases are a fever, coughing and breathing difficulties.
November 23, 2012 8:41 -
Western pair get three months in prison for sex in Dubai Taxi
A British woman and Irish man accused of engaging in sexual activities in a Dubai taxi were sentenced on Thursday to three…
November 22, 2012 1:59 -
Dana Gas agrees to develop UAE field for 2014 start up
Dana Gas has agreed with the governments of Sharjah and Ajman to develop a gas field off the two emirates’ coasts with production…
November 22, 2012 10:18
