Saturday 1 November 2014
 
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MMG's recovery plan gets board approval

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

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Etihad's codeshare plan for 34 Air Berlin flights rejected

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.

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Facebook to win EU approval for $19bn WhatsApp bid

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. The land

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Faster-acting erectile dysfunction drug gets FDA approval

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,

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Hapag-Lloyd deal to win EU approval

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

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UAE cbank backs ADIB purchase of Barclays unit

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.  

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Councillors to seek approval to develop Bahrain Fort

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

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Safa wins Saudi Gaca approval to train pilots

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

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Gulf Air changes dates for Iran flights

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. The a

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Canada aviation specialists win Saudi nod

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

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