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Bahrain-based Gulf Air is to offer its flight and cabin crew significant pay rises in a bid to stem the number of employees quitting the troubled airline. Up to 150 of Gulf Air's pilots and first officers have reportedly quit since the airline announced a cost-cutting recovery plan in April.
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State-run Borse Dubai has violated Swedish takeover law in the run-up to a bid for exchange owner OMX, but no action against the group is planned, a Swedish regulator said on Thursday. (Anders Wiklund/AFP/Getty Images)
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Shares of Dubai's Emaar Properties sank to a new 28-month low on Wednesday after the developer failed to allay investors' concerns over a deal to acquire more government land in exchange for stock. (Farooq Naeem/AFP/Getty Images)
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Dubai said on Wednesday it has agreed to pay as much as $5.1 billion for a 9.5% stake in MGM Mirage and half of the casino company's CitiCenter hotels and apartments project in Las Vegas. Dubai World, the investment holding firm of the Dubai government, said it will buy 14.2 million MGM shares from the company at $84 each. (Ethan Miller/Getty Images)
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Dubai is set to introduce long-term property rental contracts in a bid to stabilise rising rent prices, the newly-created Real Estate Regulatory Authority (RERA) said on Tuesday.
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Londons busy Gatwick Airport. Dubai Aerospace Enterprise (DAE) this week denied reports it is preparing to make a bid for the UK’s second largest airport. The state-owned aviation holding company said it was not considering a bid for Gatwick Airport at this time. (Carl De Souza/AFP/Getty Images)
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Iranian airline Mahan Air has lost millions of dollars worth of business as a result of the UK Department of Transport banning its flights to the country as of July 21, the airline's director of marketing and route management said this week.
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A pan-GCC mail transportation company is likely to be set up to carry postal mail and courier parcels across the region, the UAE's postal services company this week. The new company would facilitate package delivery among the different postal systems of the six GCC member states. (Bruno Vincent/Getty Images)