Main headlines

May 6, 2013

Bahrain Electricity and Water Authority during a press conference announcing the launch of the project
13:45 GMT

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.

Dubai World Central
13:00 GMT

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.

An illustration of the 747-8 Freighter from Boeing
12:36 GMT

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.

Emile Habib of Gulf Related with Yasir Abu Sulayman of NCB and senior executives.
11:55 GMT

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.

Sheikh Mohammed Al Maktoum looks on during Super Saturday at Meydan Racecourse on March 9, 2013 in Dubai, United Arab Emirates.
11:19 GMT

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.

A branch of Emirates Islamic Bank
10:52 GMT

The bank recorded strong growth in net profit and net income compared to its first quarter in 2012

The ministry is expecting a big increase in tourism with major drivers
10:49 GMT

The Ministry of Tourism (MoT) is going all out to woo tourists from the region, especially Saudi Arabia.

Maximum wages will be applied starting next Tuesday “retrospective from January 2013 on all administrative leadership in state positions”
10:43 GMT

Maximum wages will be applied starting next Tuesday “retrospective from January 2013 on all administrative leadership in state positions”, as confirmed by a media spokesperson at the Central Agency for Organisation and Administration (CAOA).

May 5, 2013

Planes are seen on January 22, 2009 at Baghdad airport in Baghdad, Iraq
12:01 GMT

Global aviation industry giants will be in Iraq this September to attend a major industry event and also tap the vast growth potential in the country's burgeoning aviation industry which is witnessing massive investments to the tune of $150 billion, said experts.

An advertising board of the QNB Bank is shown at Corniche bay prior to the start of the 15th Asian Games
11:33 GMT

Sub-Saharan Africa has been experiencing strong growth in recent years, which is expected to continue. This boom creates an opportunity for GCC corporations and investors, according to QNB Group, as the region is well endowed with resources and people, but largely lacks the capital needed to fund its development.

Deloitte company logo
10:40 GMT

The Deloitte Technology, Media and Telecommunications (TMT) Predictions 2013 report was launched at Dubai Media City, revealing the emerging issues that will impact the TMT industry in the coming year.

The offices of the National Bank of Dubai
10:17 GMT

UAE bank customers are less likely to stick it out with one bank compared to their peers in other markets due to stiff competition in the banking industry.

May 2, 2013

Egypt's financial regulator quashes a much anticipated deal on EFG Hermes with Qatar's QInvest, citing the latter's inexperience
14:08 GMT

Egypt's financial regulator quashes a much anticipated deal on EFG Hermes with Qatar's QInvest, citing the latter's inexperience

Gas prices in Lebanon keep on falling
12:59 GMT

Fuel prices fell again in Lebanon, according to the Energy and Water Ministry.

Qatar Airways have become the second airline to restart operations with the 787 Dreamliner
12:12 GMT

Qatar Airways become only the second airline in the world to resume operations with Boeing's troubled 787 Dreamliner.