Saudi contractor Mohammad Al Mojil Group's (MMG) board had approved a recovery plan that uses most of its existing capital base to pay off debts and new cash raised through a share issue, it said on Sunday.
The firm, which got
Abu Dhabi-based airline Etihad has been denied approval to add its code to some flights operated by partner Air Berlin to Germany, meaning the German airline could lose out on passengers that it needs to fight its way back to profit.
Leading social network Facebook will win unconditional EU approval for its $19 billion offer for mobile messaging startup WhatsApp in a deal pitting it against telecoms operators, two people familiar with the matter said.
An erectile dysfunction drug that reduces by half the time patients need to take the pill before sexual activity has been approved by the US Food and Drug Administration.
Developed by Auxilium Pharmaceuticals and Vivus, the drug,
Hapag-Lloyd and Compania SudAmericana de Vapores will win conditional European Union approval for their merger that will create the world's fourth-largest container shipping company, sources said.
The tie-up is important for t
Abu Dhabi Islamic Bank (ADIB) has received regulatory approval from the United Arab Emirates central bank for its purchase of Barclays' retail operations in the country, its chief executive said on Tuesday.
Councillors will approach the United Nations next month for approval to develop the area around Bahrain Fort.
They will present their proposals at the United Nations Educational, Scientific and Cultural Organisation (Unesco) in Pa
Saudi Aviation Flight Academy (Safa) has won a key approval that it says will support its efforts to establish a complete and professional flight academy for Saudi Arabia.
Safa, which has been declared a Part 141 approved pilot sc
Gulf Air, the national carrier of the Kingdom of Bahrain, has announced that the proposed dates of resuming its services to Iran have been deferred while waiting to receive approval from the Iranian Civil Aviation Authority.
Canada-based Flying Colours Corporation said it has won approval from Saudi General Authority of Civil Aviation (GACA) to carry out maintenance work on aircraft registered in the Kingdom.
Flying Colours are specialists in completi