May 7, 2013
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
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”, as confirmed by a media spokesperson at the Central Agency for Organisation and Administration (CAOA).
May 5, 2013
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.