Kuwait hikes state wages, to act vs inflation
Authorities said late on Monday that government workers would get a 25 percent rise in their basic salaries, while pensioners…
March 13, 2012 1:59
Abu Dhabi sees oversupply challenges and now faces consolidation
Abu Dhabi now faces challenges as a huge supply of high-end homes are expected to enter the market. Property prices in the emirate are expected to fall another 11 percent from here, a Reuters poll showed.
March 12, 2012 1:40
Release of Qatar budget delayed
The deadline for releasing Qatar's state budget for the coming fiscal year will be pushed back to the end of May because of changes to the government's accounting system and the way it prepares budgets, Qatar's state news agency said on Thursday, citing a decision by the cabinet.
March 8, 2012 3:29
Egypt attracts solid demand for 7-year government bonds
Egypt attracted solid demand at an auction of seven-year treasury bonds on Monday amid optimism that foreign donors will help ease the country's fiscal crisis, traders said.
March 6, 2012 10:57
Libya 2012 budget spending to reach 68.5B Dinars
Libya's government budget provides for up to 68.5 billion dinars ($52.7 billion) in spending this year, as the country tries to rebuild from last year's war which ousted Muammar Gaddafi.
February 29, 2012 1:32
Legal limbo stymies banks’ recovery of Dubai Govt
More than two years after the Dubai debt crisis erupted, restructuring of corporate debts remain in legal limbo, unclear on how banks can get back their money from government-linked enterprises.
February 22, 2012 4:52
Dubai Govt still backs state-linked firms – Sheikh Ahmed
The Dubai government will continue to support state-linked entities, the chairman of its Supreme Fiscal Committee said on Wednesday, two weeks after it walked away from debt talks at Dubai Group.
February 15, 2012 2:04
UAE’s Aldar swings to profit on govt land sales
Aldar Properties, bailed out twice by Abu Dhabi with rescue packages totalling over $10 billion, swung back into profit in 2011 on the back of land sales to the government and increased residential sales.
February 14, 2012 2:41
Etihad interested in talks on Aer Lingus
Abu Dhabi's Etihad is interested in holding talks with the Irish government over the sale of its 25 percent stake in Aer Lingus, the Middle East airline's Chief Executive James Hogan told the Irish Independent newspaper.
February 11, 2012 6:16
Emirates Airline to raise $517M Islamic loan
Dubai's Emirates airline has hired three local banks to arrange a 1.9-billion dirhams ($517.3 million) Islamic loan facility to finance three aircraft, the chief executive of one of the banks confirmed on Tuesday.
February 7, 2012 3:12
Kuwait markets steady after Islamist election win
Kuwaiti financial markets were steady on Sunday after the Islamist-led opposition won control of parliament in an election, a victory which could worsen political tensions but conceivably also lead to fresh government spending measures.
February 5, 2012 1:07
Protests grip Cairo as pressure mounts for early vote
An Egyptian government building was set on fire on Sunday as protests disrupted the heart of Cairo for a fourth day and public figures demanded a faster transition to civilian rule.
February 5, 2012 12:51
SpanAir ceases operations, cites financial woes
Loss-making Spanish airline Spanair ceased operations on Friday night, grounding all its airplanes after its owner, citing the country's economic crisis, said it would not sink any more money into the company.
January 28, 2012 12:57
Abu Dhabi’s Etihad buys into Air Seychelles
Etihad Airways will acquire a 40 percent stake in Air Seychelles, its second airline acquisition in the last five weeks as the rapidly growing Abu Dhabi-based carrier embarks on an ambitious expansion plan.
January 26, 2012 1:39Bahrain King announces constitutional reforms
Bahrain's king announced constitutional amendments on Sunday giving parliament more powers of scrutiny over government, but the opposition said they fell far short of demands for democracy that have driven a year of unrest in the Gulf Arab state.
January 15, 2012 2:47
Dusting off the Emirates ID card
The Emirates Identity Authority is 'keen' on making its ID cards more functional.
May 16, 2013 5:57
Turkish Airlines Can Ride Out Turbulence
The airline said there had been little impact on May 15 from a strike in protest over pay and previous sackings.
May 16, 2013 2:57
Air Berlin doesn't need Etihad's help
Last year, the German carrier posted its first annual profit since 2007.
May 16, 2013 10:54
Taking on Abercrombie & Fitch
Controversial views from the clothing company's CEO causes huge backlash.
May 16, 2013 2:43
Fake pilot 'on the run'
Michael Fay forged papers and operated as a pilot for Afriqiyah Airways for eight months. . .
May 14, 2013 11:26