Dubai airline signs new marketing agreement following launch of flights to Adelaide
Author Archives: Staff Writer
Dana Gas creditors said to seek Egypt stake
Source says bondholders eye claim to natural gas producer’s assets in Egypt
Bahrain firm pulls unit’s London listing plan
Arcapita withdraws IPO of its PointPark Properties unit; continues to assess all options
Nissan posts highest Q3 Gulf sales for Patrol
Japanese car maker says it sold more than 3,500 units between July and September
Dubai among top hotel investment cities
Growth Cities report ranks emirate 16th for hotel investment; 15th for connectivity
Oil price slips below $108 as US jobs data looms
Investors remain sceptical about a sustained improvement in fragile global economy
Dubai-linked Qantas to focus on debt deal
Australian airline inks 10-year alliance with Emirates to boost overseas operations
Qatar-linked luxury home sales top $2.7bn
London’s One Hyde Park – part owned by Qatar PM’s firm – sees surge in Asian buyers
Qatar to finance sports city project in Gaza
Gulf state to offer $25m to build Al-Yasin Sports City; to include stadium, pool, sports fields
Death toll rises in Saudi fuel truck crash
At least 23 people killed; health ministry says tragic incident in Riyadh was accident
Kuwait shares hit eight-year low on turmoil
Intensifying political unrest triggers another sell-off on country’s main index
Dubai’s DP World wins $200m India port deal
Port operator wins approval to build and operate new terminal to boost Mumbai services
Kuwaiti ex-MP held over emir slur to be bailed
Musallam al-Barrak allegedly made critical remarks directed at country’s emir
Oman’s Al Izz Islamic Bank $104m IPO 1.15 times covered
Sultanate’s second largest Islamic bank attracts bids worth US$119.5m for offering
Emirates first Gulf carrier to fly to South Australia
Dubai airline touches down in Adelaide in first commercial flight from MidEast to South Aus
RAK eyes 6,000 Russian tourists in next six months
Emirate hopes charter flight agreement will ferry in guests from world’s biggest country
ADCB’s Q3 profit dips 3%, misses forecast
Abu Dhabi Commercial Bank posts US$162m profit as bad loan allowances rise slightly
Dana Gas in talks after missing bond deadline
Sharjah energy firm missed October 31 deadline for repayment of US$920m Islamic bond
Air France-KLM Q3 profit could help Etihad alliance
Abu Dhabi carrier’s codeshare agreement with Air France-KLM started on October 28
Safi Qurashi to launch $200m Dubai real estate vehicles
Formerly jailed developer’s Q Group will develop new projects across the emirate
Clinton calls for overhaul of Syrian opposition
US says time to move beyond Syrian National Council; Clinton to travel to Qatar next week
Ithmaar converts Faisal bank into family office
Swiss-based bank has struggled since the collapse of property schemes in Gulf
Iran clamps down on gold exports
Iranians can now no longer export gold without the approval of the central bank, says official
Dana Gas says missed $1bn sukuk deadline
Sharjah-based natural gas firm fails to pay outstanding US$920m on Islamic bond
Kuwait seen lower; Dana Gas under pressure
Kuwait’s bourse is likely to witness selling pressure on Thursday after fresh protests
Gold flat as investors await US data, election
Spot gold was nearly flat at US$1,719.71 an ounce by 0245 GMT, after hitting a one-week high of US$1,725.55
Brent edges down toward $108 on US fuel demand concerns
Brent crude for December delivery fell 20 cents to US$108.50 a barrel by 0525 GMT
At least 22 killed in Riyadh building explosion
Building in eastern part of Saudi capital almost entirely destroyed by blast says witnesses
Gulf demand soars for silent, supersonic private jets
Lockheed Martin is developing an aircraft and is in talks with potential buyers in the region
UAE’s NBAD revises down 2012 loan growth
CEO Michael Tomalin now expects lending at UAE’s largest bank to grow by 4-8% this year
Abu Dhabi’s ATIC eyes first profit by 2015
Advanced Technology Investment Co plans to scale up its operations overseas
Aviation
Qatar Airways launches Mozambique flights
CEO says Maputo is another example of airline entering underserved market
Kuwait charges opp leader with Emir insults
Prosecutors charge opposition leader in a case likely to fuel tension as election looms
Qatar banks bulk up for infrastructure boom
Local banks set to play key role in funding country’s massive infrastructure expansion
New appeal to find missing Dubai sailor
Wife of Timothy MacColl makes emotional plea; sailor last seen in Dubai on May 27
Abu Dhabi’s port operator sees growth in 2012
ADPC says number of vessels up 16%, cruise passengers up 6%, cargo by 5%
Batelco, regulator settle three-year dispute
Bahrain telco says $13.89m fine has been reduced following arbitration process
US firm announces $33m MidEast expansion
Emerson in plan to expand regional HQ to include distribution, testing facilities
UAE telco launches Sri Lanka retail push
Etisalat opens first flagship store in Colombo; plans to open new outlets across country
MidEast retailers ‘running out of space’, says CBRE
Report says mood among region’s retailers ‘overwhelmingly positive’ but more space needed
Bahrain must lift ban on all protests – Amnesty
Rights group says that gov’t ban violates freedom of expression and peaceful assembly
Abu Dhabi to meet Asian investors in mid-Nov
Gov’t plans to to meet with fixed-income investors during second week of roadshows
Kuwait’s Zain aims to float Iraqi unit in 1Q2013
Mobile operator plans to list Zain Iraq once it had received all regulatory approvals
Air Arabia launches service to Rostov
Twice weekly service will be UAE budget carrier’s fifth route into Russia
Obama vs Romney: Middle East policy explained
Arabian Business provides an in-depth view on the candidates’ foreign policy via our interactive map
At least 20 electrocuted at Saudi wedding – report
Electrical fire reportedly started after stray gunfire caused high voltage power line to collapse
Ex-Blair aide to advise Bahrain on conflict resolution
Former UK PM’s chief of staff Jonathan Powell has already organised meetings between both sides
Hong Kong named world’s top financial centre
Dubai does not feature in WEF’s rundown of world’s top financial centres
Dubai’s Union Properties posts Q3 profit
Developer posts decline in revenue as it stayed away from new projects, focused on existing ones
Gulf seeks catalyst; Abu Dhabi banks in focus
Gulf markets are likely to see muted trade amid a thin local news flow, as investors wait for global cues with US markets
Brent hovers near $109; recovery eyed post Sandy
Brent crude held steady near US$109 a barrel on Wednesday after the huge storm Sandy whiplashed the US East Coast
Gold to snap four-month winning run; US data, election eyed
Spot gold had inched up 0.2 percent to US$1,711.76 an ounce by 0319 GMT, on course for a monthly drop of more than 3 percent
Bahrain to restart $80m of seafront projects – report
Plans include a new marina in the Gulf state featuring theme parks, beach, mall and hotel
Taj Mahal replica developer in talks with hotel operators
Dubai’s Link Global to build replica of India’s most famous landmark complete with 300-room hotel