Sri Lanka aims to boost its trade with the sultanate, says ambassador
Author Archives: Staff Writer
Dubai’s Mashreq Q4 profit jumps
Emirate’s second largest bank makes profit of US$108.9m on lower provisions
India to end Iran euro payments
India will cease 18-month old payment process for crude imports through Turkish bank
Aviation
Oman Air expands fleet
Additional aircraft will help airline increase flights to India and Pakistan
Dubai’s Nakheel mulls financing for $900m Palm retail projects
The indebted developer recently green light work on the Nakheel Mall and The Pointe
Abu Dhabi’s Aldar sees 2012 profits up 109%
Emirate’s largest real estate firm posts US$364.8m on back of increased sales
Aramex reports 15% increase in Q4 profit
Middle East’s largest courier firm reports net profit of US$17.9m in quarter
BlackBerry faces obstacles in India, Indonesia
Handset maker must quickly launch cheaper phones to woo lower-end subscribers
Telecoms
du faces “some redundancies” in restructuring
“Name of the game is efficiency” says UAE telco CEO Osman Sultan
Gold crawls up but economic recovery hopes limit gains
Trading interest in the Chinese market is expected to wind down this week
Brent steadies above $116 on Middle East worries
Oil price stays steady near a more than four-month high, modest global uptick forecast
Aviation
Etihad Airways 2012 profit surges 200%
Abu Dhabi-based carrier reported net profits of US$42m as passengers increased
Pharmacies opened up to working Saudi women
Ministry of Labour finalising employment conditions for new working environments
MidEast centralised air traffic control system is “a must”
Aerospace congestion is the biggest threat to growth in the sector – Dubai Civil Aviation Authority
Dubai Land Department halts foreclosed auctions
Private auctioneer Emirates Auction will auction repossessed properties says head of auction dept
Kuwaiti gets 5 years for Twitter insult
Mohammad Eid al-Amji given maximum sentence for insulting Kuwaiti emir
UAE to slash price of medicine
Almost 7,000 medicine brands will have prices cut by up to 40 per cent – WAM
Al Jazeera reporter shot dead in Lebanon
Claudia Theophilus killed while using rifle in incident described as accident
UAE’s Dana Gas 2012 net profit rises 20%
Dana’s 2012 net profit rose to US$165m from the US$138m it posted in 2011
Iran published wrong photo of space monkey
Iran alarmed the West when it claimed to have sent a live monkey into space
Oman to open up more land at Sohar port
About 130 additional hectares will be reclaimed along expanding industrial hub
Dubai Financial Market
Dubai hopes sukuk standards to make it global player
Dubai aims to become a top global centre for Islamic bonds by introducing more detailed standard
Dubai slips to six-day low as Emaar drags
Dubai’s Emaar Properties tumbles after its quarterly earnings missed estimates
Dubai development company plans $30bn Vietnam project
Global Sphere launches huge real estate project in area dubbed ‘Hanoi Wall Street’
Iraq’s $1.4bn Asiacell share offer sold out – exchange
Share sale in mobile phone firm, first IPO since US-led invasion, said to be fully subscribed
US to deliver 21,000 Superbowl pizzas to MidEast troops
‘Pizza 4 Patriots’ gives troops in Afghanistan and Kuwait a ‘slice’ of home
Dubai Group lenders reject debt offer
Struggling investment firm sees offer of 18.5 cents on the dollar rejected by 20 lenders
UAE’s Tasweek to hand over Malaysia projects
Abu Dhabi property firm has built three towers in US$81m in central Malaysia
Dreamliner
Boeing engineers to vote on strike action
Unions leaders representing 23,000 employees will vote on action on Tuesday
Qatar, Oman set for missile deals in 2013
Gulf states bulking up defences due to a perceived threat from Iran
UAE visa amnesty to end in 24 hours
Illegal workers have one day to leave country of apply for visa before amnesty ends
Cleric faces backlash after ‘burkas for babies’ bid
Controversial Saudi Arabian cleric attacked on Twitter over baby girl fatwa
UAE cooling firm Tabreed Q4 profit up 30%
Dubai-listed firm posted a net attributable profit of US$18.7m on higher revenues
Dubai’s Emirates to extend PSG shirt deal
Airline will agree five-year extension to deal with Qatar-owned Paris St Germain
Saudi Telecom domestic CEO quits – spokesman
Jameel Abdullah al-Molhem’s departure follows that of group CEO Saud al-Daweesh
Dubai Emaar may ease on Q4 miss; Egypt volatile
Emaar Properties may face selling pressure on Sunday after missing profit estimates
Beckham could earn $20m from Qatar 2022 – report
Former England captain and PSG star could earn bumper windfall over two-year period
Iran’s ex-top banker busted in Germany – report
Former governor of Iran’s central bank tried to enter country with US$70m cheque
REVEALED: Top 50 GCC real estate companies
Arabian Business finds Qatar dominates list of biggest real estate firms in Gulf
Arab Bank full year profit up 15%
Jordan’s largest lender sees net profit rise to US$352m for the year
Car makers see GCC sales accelerate
Surge in oil prices and gov’t spending help drive auto sales across Middle East
Matchroom Sport interview: Barry Hearn
Charismatic sports promoter Barry Hearn has made millions from revamping second-tier sports and beaming them to worldwide TV audiences. Now he’s bringing his A game to the Middle East
Rotana interview: Selim El Zyr
It’s taken 20 years for Selim El Zyr to build the region’s biggest hotel company from scratch. While the CEO may be stepping down this year, Rotana’s plans are bigger than ever
Renault interview: Carlos Tavares
While French carmaker Renault is currently fighting falling sales in Europe, its Middle East operations are bucking the global trend. In a bid to become the region’s top European carmaker, its masterplan also includes the revival of a popular favourite from the past
REVEALED: World’s richest football clubs
Abu Dhabi-owned Manchester City raked in more than US$362m last season – Deloitte
Has Twitter cracked the mobile market?
Technology giants such as Apple and Facebook have seen their share prices plunge. But that hasn’t stopped the experts predicting Twitter, founded by Jack Dorsey, will head to the stock market with a market value of at least $9bn. Arabian Business investigates how the company may have finally cracked the elusive mobile advertising market
Should Emaar and Nakheel work together?
The long-stalled Dubai Waterfront could be a win/win situation for both Dubai developers
Dubai ruler approves $898m Nakheel projects
Sheikh Mohammed orders start to work on Nakheel Mall, The Pointe on Palm Jumeirah
Troubled Al Mojil halves Q4 net losses
Saudi construction company embarking on recovery plan including asset sales, cutting debt
UAE’s Strata delivers first Airbus A330 parts
Al Ain-based manufacturer upgraded to ‘tier one’ status by European plane maker
Middle East M&A activity slumps in January
New report says deals valued at $406m for month, 89% down on the previous month
Saudi shares close higher after oil price rise
Gulf kingdom’s all-share index rises 0.2% but two largest stocks remain flat on Saturday
Toyota posts 31% rise in Middle East sales
Japanese car giant says it delivered over 660,000 Toyota, Lexus vehicles during 2012
Brazil mission targets Gulf trade growth
Delegation of 30 firms to visit Gulf as figures show exports to UAE hit $2.45bn in 2012