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A copy of Wednesday’s edition of Saudi Arabian Al-Hayat daily newspaper purchased in Dubai. The leading Arab daily has been banned from distributing in the kingdom and neither Al-Hayat nor the government has commented on when the paper will go back on sale.
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The Arab Business Council (ABC) is set to leave the auspices of the World Economic Forum (WEF) and make a ‘transition to an independent entity beginning July 1’, according to a private memorandum signed by ABC chairman Shafik Gabr (pictured) and circulated to ABC members this week. (Khaled Desouki/AFP/Getty Images)
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Air Arabia announced this week that it will add an extra two flights per week to Kathmandu in Nepal , and three extra flights to Chittagong in Bangladesh, starting from September 1 in a move to boost its South Asian presence.
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Chairman of Dubai-based DP World, Sultan Ahmed Bin Sulayem (pictured), said this week the global marine terminal operator may consider selling shares in the company through an initial public offering (IPO) as one of the options for financing its worldwide expansion. (Marco Longari/AFP/Getty Images)
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The fire that ripped through a chemical storage depot at Dubai’s Jebel Ali Port on Monday is estimated to have caused over $4 million worth of damage. The blaze triggered explosions that sent debris up to 300 metres in the air and huge clouds of smoke to billow across parts of Dubai.
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State-owned National Bank of Egypt (NBE) this week said it plans to sell the government\'s 24% stake in Egyptian Resorts, which owns large amounts of land on the Red Sea coast (pictured). The sale could bring in at least $304 million. (Cris Bouroncle/AFP/Getty Images)
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UK supermarket giant J Sainsbury this week moved closer to opening its company books for due diligence to Delta Two, after the Qatari-backed investment fund offered to increase the equity proportion in its 10.6 billion pound ($21.3 billion) takeover bid.