Business / Middle East Business

'Gulf Air Holidays' set for take-off 09 May 2017 - 10:53 pm

Gulf Air, Bahrain’s national carrier appointed online travel booking company “Ezeego1.com” as back-end service provider for its dedicated holidays unit “Gulf Air Holidays,”...

Etihad accelerates reset as interim CEO takes reins immediately 08 May 2017 - 12:59 pm

Etihad Aviation Group accelerated its strategic reset by naming an interim chief executive officer to take the reins from James Hogan, the architect...

Morocco’s Attijariwafa paid twice book value for Barclays Egypt acquisition 07 May 2017 - 07:09 pm

CAIRO: Morocco’s Attijariwafa Bank paid twice book value to acquire Barclays’ Egyptian business and hopes the acquisition will enable it to increase its...

Malabar Gold unveils 18K jewellery collection 06 May 2017 - 09:53 pm

Malabar Gold & Diamonds’ has extended its presence in UAE by opening a new showroom in Al Rigga, Deira, Dubai on Thursday. The...

Oberoi Group announces opening of beach resort in Al Zorah 03 May 2017 - 10:30 pm

Marking the unveiling of Al Zorah, The Oberoi Group announced the opening of the Oberoi Beach Resort, Al Zorah. Situated just 25 minutes...

Introduction of VAT in the Middle East – are you ready? 03 May 2017 - 10:19 pm

The law which will introduce VAT in the region is anticipated to be published soon with speculation that VAT in the UAE will...

Saudi says close to major deals in $100bn housing scheme 03 May 2017 - 10:19 pm

Riyadh: Saudi Arabia is close to striking deals with South Korean and Chinese firms under a $100 bn project to build 1 million...

Kuwait Energy seeks premium listing on LSE 03 May 2017 - 10:30 am

LONDON: Oil and gas firm Kuwait Energy said on Wednesday it is seeking a premium listing on the London Stock Exchange in a...

SABIC eyes $3-$6bn acquisition 02 May 2017 - 10:16 pm

Dubai: Saudi Basic Industries Corporation (SABIC) is evaluating acquisition opportunities in the range of $3 to $6bn in the areas of petrochemicals, speciality...

Kuwait's Zain telecom profit rises slightly in Q1 02 May 2017 - 05:12 pm

Kuwait City: Kuwaiti telecoms giant Zain's net profit rose slightly in the first quarter of 2017 due to difficulties in some regional markets,...

Gulf Air on track for first Boeing 787-9 Dreamliner delivery 01 May 2017 - 12:59 pm

Gulf Air, Bahrain’s national carrier, is gearing up for the arrival of the airline’s first Boeing 787-9 Dreamliner aircraft which will be delivered...

Lebanon's Blom Bank posts Q1 profit of $112 mln 29 Apr 2017 - 10:43 am

BEIRUT: Lebanon's Blom Bank reported a 3.5 percent year-on-year rise in first-quarter net profit, it said in a statement on Saturday. Net profit...

Mosul businesses start reconstruction without waiting for final IS defeat 26 Apr 2017 - 03:21 pm

MOSUL, Iraq: Some businessmen in Mosul have begun rebuilding their shattered premises without waiting for financial support from the cash-strapped Iraqi government or ...