May 8, 2013
Nasair, a low-cost carrier based in Saudi Arabia, is set to go public as the airline prepares for an initial public offering (IPO), a top official said.
Omani investors lifted trading on the Muscat Securities Market as they net bought 7.7 per cent of the total value and the general index closed flat at 6,191.47.
May 7, 2013
A Croatian oil and gas company, INA, has withdrawn from a project for developing an oil block in Iran.
The Central Bank of Bahrain (CBB) announced yesterday (Monday: 6 May 2013) that this week’s BD35 million issue of Government Treasury Bills has been oversubscribed by 297%.
Abu Dhabi: Emarat will not expand its fuel retailing business in Dubai in the foreseeable future as the company feels its existing filling stations in the emirate are more than adequate to meet customer needs.
The Egyptian Railways is one of the most popular modes of public transportation in Egypt with around 800 million passenger miles annually. Most of this network connects the Nile Delta with Cairo and Alexandria.
Visitors to the UAE spent around $4.7 billion via their Visa cards last year, a 17.1 per cent increase compared to the previous year.
Qatar Airways is preparing to open business in Saudi Arabia as one of two operators that won in December licenses to serve the Kingdom’s domestic market.
Not content with a Ferrari FF or Lamborghini Aventador, Dubai Police now use a rare Aston Martin One-77.
May 6, 2013
Bahrain Electricity and Water Authority (EWA) has announced the launch of the largest utility-based IT project in the Kingdom’s history aimed at Accelerating its move towards smart grid and smarter energy and water services.
Investments in the Dubai World Central projects reached Dh22 billion to date, according to Khalifa Al Zaffin, executive chairman of the Dubai Aviation City Corporation, who did not provide a breakdown of the spending.
Etihad Airways has signed a multi-year Aircraft, Crew, Maintenance and Insurance (ACMI) agreement with Atlas Air Worldwide to provide the UAE flag carrier with its first Boeing 747-8 Freighter.
Gulf Capital announced yesterday that it had signed a SR 450 million ground-breaking financing facility deal with National Commercial Bank (NCB). The ten-year facility will help finance Gulf Related’s first real estate development in the Kingdom.
Dubai government reaffirmed its commitment to deal with the repayment obligations and said the emirate redeemed Dh3.3 billion bonds due last month on maturity date, according to a statement issued on Sunday by the Dubai media office.
The bank recorded strong growth in net profit and net income compared to its first quarter in 2012