Middle East business & financial news | business directory & current events

Skype users in UAE will not face jail, though confusion remains

UAE Skype users can breathe easier after the country's telecom regulator denied reports they could be landed with a maximum Dhs 1m fine and will not face imprisonment for up to two years.
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Air Arabia posts 20% rise in Q1 profit

Low-cost carrier Air Arabia has reported a net profit of Dhs59m for the first three months of this year as it launched four new destinations and increased the frequency of flights to three cities from its primary hub in Sharjah.
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Peru a captivating destination at the Arabian Travel Market

Video: Commenting on Peru's most famous attraction - Machu Picchu the Rolling Stone's Mick Jagger said "I'm completely bowled over". At the Arabian Travel Market Phil Blizzard, also bowled over, spoke to Alvaro Silva-Santisteban, Director,...
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KPMG looks at emerging trends in Middle East Sovereign Wealth Funds

Audio: Global Sovereign Wealth Funds (SWF) totals approximately US$5.3 trillion in assets under management, with the second largest being Abu Dhabi's "ADIA". In this interview, based around a recent report highlighting trends in SWF in the Middle...
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Akbar al Baker, CEO, Qatar Aiways talks the Dreamliner and Boeing 777 orders to be signed Paris Airshow

Video: The Chief Executive of Qatar Airways, Akbar al Baker talks to Phil Blizzard about the Boeing Dreamliner debacle and reveals his feelings when the revolutionary aircraft was grounded. He talks about their expansion plans, new routes and also reveals to AME Info that the airline will be ordering new Boeing 777s at the Paris Airshow.

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UAE's GDP on track to reach $410bn in 2014

The UAE finance minister Sultan Bin Saeed Al Mansouri has said the country's gross domestic product (GDP) will touch $395bn (Dhs1.45trn) this year,...

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Depa issues first quarter trading update for...

Depa Limited, one of the world's leading interior contracting companies, issued a first quarter...
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GCC asset management grows as $121.3bn worth of...

As GCC states forge ahead with road and bridge infrastructure projects worth $121.3bn, the asset...
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UGB announces first quarter net profit...

United Gulf Bank B.S.C. (UGB) has announced a net profit attributable to the shareholders of the...
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Financial crisis highlights need for GCC Corporate Governance

The way Mutlaq al-Morished sees it, corporate governance has to start at the very top if it is to stand a chance of success. The former chairman of the GCC Board Directors Institute (BDI) - and...

GCC Board Directors Institute surveys create...

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Orascom Telecom turns down Altimo's buyout offer

Egypt's Orascom Telecom Holding has said its board of directors had recommended rejecting an offer by a subsidiary of Russian billionaire Mikhail...

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Canon Emirates spearheads MPS agreements within...

Canon Emirates, a subsidiary of Canon Middle East, has further cemented itself as a leading...
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UAE named 'Visioning Partner towards 2015' for...

The Telecommunications Regulatory Authority (TRA) has confirmed its involvement in the World...
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Thuraya creates new division to spearhead...

Thuraya Telecommunications, Mobile Satellite Services operator announced the formation of a new...
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"It's time for a data management revolution in the Middle East"- CommVault exec

CIOs and IT managers choose to tackle huge volumes of data with traditional storage strategies and technologies, but in truth a revolution in data management needs to take place in order minimise...

The data scientist - an attractive investment?

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QPI eyeing North American oil and gas acquisitions

Qatar Petroleum International (QPI) has said it hopes to extend its new deal with Britain's Centrica by acquiring more gas or tight oil resources...

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IPIC announces financial results for the period...

International Petroleum Investment Company PJSC (IPIC), a strategic investment company focused on...
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Equate sponsors 5th Gulf Supply Chain Forum

Equate Petrochemical Company said that Gulf countries export over 80% of their petrochemical...
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Annual Asset Integrity Management Summit...

With new ventures into challenging reservoirs and continued EOR on existing assets, asset...
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World Bank funds best invested in desert power?

Earlier this week, the World Bank published a report warning of the dramatic consequences of climate change and called on governments around the world to redirect the $1 trillion spent overall...

Gulf states put spotlight on sustainable use of...

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DSI rules out selling stake in company

Khaldoun Tabari, the chief executive of Dubai-based Drake and Scull has ruled out plans to sell his stake in the company, but said there will be...

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Injaz concludes participation at Restatex 2013

Injaz Development Company concluded its fruitful participation at the 2013 Riyadh Real Estate,...
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Cluttons in Oman: New hotels in the pipeline...

Cluttons, the real estate specialist which has enjoyed a dedicated Middle Eastern presence since...
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Union Construction and Investment launches the...

Union Construction and Investment (UCI) launched the opening of a new TABO branch in Jerusalem,...
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Damac to build mega golf community in Dubai

Adding to the increasingly growing roster of mega property launches in Dubai, Damac Properties has announced plans to build a massive 28 million sq ft development in the emirate.

Emaar to launch sales of new apartments in...

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Salalah Port posts 29% jump in Q1 net income

Salalah Port Services Co has said net profit for the first three months of this year jumped 29% year-on-year to OR2.07m, Oman Daily Observer has...

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Qantas and Emirates welcome New Zealand...

Qantas and Emirates have welcomed the New Zealand Minister for Transport's decision to approve...
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DPG reports strong investor interest at Arabian...

Dubai Properties Group (DPG), a member of Dubai Holding, reported strong interest from investors...
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JetBlue and Emirates to expand partnership...

JetBlue Airways, New York's Hometown Airline, and Emirates, the Dubai-based international carrier...
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Air Arabia posts 20% rise in Q1 profit

Low-cost carrier Air Arabia has reported a net profit of Dhs59m for the first three months of this year as it launched four new destinations and increased the frequency of flights to three cities...

Egypt looks to revive its tourism sector

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DFI's film grants programme expanded

Doha Film Institute (DFI) has announced it would expand its grants programme, allowing film projects from all nations eligible for funding from the...

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National Geographic Abu Dhabi and Almarai...

Following an overwhelming response of more than 30,000 entries, submissions for National...
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OSN strengthens regional footprint with new...

OSN, the leading Pay-TV network in the Middle East and North Africa, has further strengthened its...
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New dealership agreement for Hybrid in Middle East

Hybrid, a provider of real-time graphics and robotic camera systems, is announcing a dealership...
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