US firm CH2M Hill has won Qatar's World Cup programme management contract and will oversee the construction of sports facilities in the country, slated to host the tournament in 2022.
Etihad Airways, the national carrier of the United Arab Emirates, today reported a full year earnings before interest, tax (EBIT) of $137 million, on revenues of $4.1 billion, up up 36 per cent from $2.98 billion in 2010.
Abu Dhabi-based International Petroleum Investment Co (Ipic) has approached banks to refinance its $850 million syndicated loan from 2009, and the new deal is expected to establish a much-needed pricing benchmark for the region, bankers said.
Gulf Industry Fair (GIF) 2012, a major showcase of market-leading products, services and capabilities in Bahrain, got off to a strong start with the number of visitors attending from Saudi Arabia well ahead of the last edition.
Germany-based Hansgrohe AG has equipped the five-star Hyatt Capital Gate Hotel Abu Dhabi with one of its prominent designer bathroom lines – the luxurious Axor Citterio range.
Emirates Telecommunication Corp (Etisalat) wrote off the value of its Indian operations on Thursday, booking an $827 million impairment charge, after India ordered 122 telecoms licences to be cancelled amid a corruption probe.
Businesses and investors globally are preparing for a break up of the debt-riddled euro zone in 2012, leading many to put their expansion plans on hold and shoring up safe-haven demand for top quality real estate, property consultancy DTZ said on Thursday.
UAE jeweller Damas International has appointed Japan's Nomura to advise it on a potential offer from Qatari conglomerate Mannai Corp, three sources familiar with the matter said on Wednesday.
Qatar's government budget spending will be much higher in the upcoming 2012/13 fiscal year than in the current one, while inflation is likely to move around 3-3.5 per cent, an economic adviser to the country's emir said on Thursday.
Bahrain has denied claims that foreign journalists are not being allowed into the country as the first anniversary of anti-government protests approaches.
The Dubai Financial Services Authority (DFSA) has announced that after nearly four years in the chief executive’s role, Paul M Koster has decided to step down in September 2012.
Mercedes-Benz Middle East & Levant today announced that regional sales last year, the company’s 125th anniversary year, recorded the second best performance ever.
Somali piracy in the Indian Ocean costs the global economy some $7 billion a year, a study said on Wednesday, with ships forced to travel faster over longer routes and increasingly hire armed security guards.
Asked about the profusion of foreign reports that their armed forces could soon attack Iran, Israeli officials tend to smile and shrug enigmatically, seemingly content to let such guesswork simmer.
Airlines face a carbon pollution bill of 505 million euros ($670 million) for this year under a controversial EU emissions trading scheme, an analysis by Thomson Reuters Point Carbon on Thursday showed.
Iran is seeking to close grain purchases using gold and oil as payment, and has paid in yen for a large volume of wheat in its first deal since western sanctions against Tehran started choking imports of food staples, European wheat exporters said.
Bahrain and Saudi Arabia discussed the planned GCC union, already approved by GCC leaders at their 32nd summit in Riyadh last December, and examined measures on how best to implement the initiative.
Global sugar supplies will be tight before the next harvest of top producer Brazil, which is likely to start later than normal to allow time for sucrose to develop in cane, a leading sugar analyst said.
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US firm CH2M Hill has won Qatar's World Cup programme management contract and will oversee the construction of sports facilities in the country, slated to host the tournament in 2022.
Etihad Airways, the national carrier of the United Arab Emirates, today reported a full year earnings before interest, tax (EBIT) of $137 million, on revenues of $4.1 billion, up up 36 per cent from $2.98 billion in 2010.
Abu Dhabi-based International Petroleum Investment Co (Ipic) has approached banks to refinance its $850 million syndicated loan from 2009, and the new deal is expected to establish a much-needed pricing benchmark for the region, bankers said.
Gulf Industry Fair (GIF) 2012, a major showcase of market-leading products, services and capabilities in Bahrain, got off to a strong start with the number of visitors attending from Saudi Arabia well ahead of the last edition.
The Dubai Health Authority (DHA), the healthcare body for the Emirate, will open two medical fitness centres in 2012, said a top official.
Germany-based Hansgrohe AG has equipped the five-star Hyatt Capital Gate Hotel Abu Dhabi with one of its prominent designer bathroom lines – the luxurious Axor Citterio range.
Emirates Telecommunication Corp (Etisalat) wrote off the value of its Indian operations on Thursday, booking an $827 million impairment charge, after India ordered 122 telecoms licences to be cancelled amid a corruption probe.
Businesses and investors globally are preparing for a break up of the debt-riddled euro zone in 2012, leading many to put their expansion plans on hold and shoring up safe-haven demand for top quality real estate, property consultancy DTZ said on Thursday.
Bahrain-based Arab Banking Corporation (ABC) has registered a consolidated group net profit of $204 million for 2011, 43 per cent higher than 2010.
UAE jeweller Damas International has appointed Japan's Nomura to advise it on a potential offer from Qatari conglomerate Mannai Corp, three sources familiar with the matter said on Wednesday.
Qatar's government budget spending will be much higher in the upcoming 2012/13 fiscal year than in the current one, while inflation is likely to move around 3-3.5 per cent, an economic adviser to the country's emir said on Thursday.
Bahrain has denied claims that foreign journalists are not being allowed into the country as the first anniversary of anti-government protests approaches.
The Dubai Financial Services Authority (DFSA) has announced that after nearly four years in the chief executive’s role, Paul M Koster has decided to step down in September 2012.
Mercedes-Benz Middle East & Levant today announced that regional sales last year, the company’s 125th anniversary year, recorded the second best performance ever.
Somali piracy in the Indian Ocean costs the global economy some $7 billion a year, a study said on Wednesday, with ships forced to travel faster over longer routes and increasingly hire armed security guards.
Asked about the profusion of foreign reports that their armed forces could soon attack Iran, Israeli officials tend to smile and shrug enigmatically, seemingly content to let such guesswork simmer.
Airlines face a carbon pollution bill of 505 million euros ($670 million) for this year under a controversial EU emissions trading scheme, an analysis by Thomson Reuters Point Carbon on Thursday showed.
Iran is seeking to close grain purchases using gold and oil as payment, and has paid in yen for a large volume of wheat in its first deal since western sanctions against Tehran started choking imports of food staples, European wheat exporters said.
Bahrain and Saudi Arabia discussed the planned GCC union, already approved by GCC leaders at their 32nd summit in Riyadh last December, and examined measures on how best to implement the initiative.
FedEx heads the list of ‘Top Companies to Work For in the UAE’ 2012, prepared by the Great Place to Work Institute.
Global sugar supplies will be tight before the next harvest of top producer Brazil, which is likely to start later than normal to allow time for sucrose to develop in cane, a leading sugar analyst said.
