Thursday 31 July 2014

Dubai passenger traffic hit by runway closure

Dubai International said the passenger traffic through the main airport fell 2.5 per cent from a year earlier to 5.09 million people in May because of construction work on its two runways. Dubai International welcomed more than 5


Bahrain SMEs 'on the verge of closure'

Thousands of small and medium enterprises (SMEs) in Bahrain are on the verge of closure, warned businessmen.   They say around 5,000 businesses are still struggling to stay afloat as they have not recovered from


One million passengers lost to Bahrain Air closure

Bahrain lost more than a million passengers last year as a result of Bahrain Air going into voluntary liquidation, said a report citing government figures. The restructuring of Gulf Air also played a major role in a 13 per cent dr


UAE shuts down office of US research institute

The UAE has shut down the Abu Dhabi office of the Rand Corporation, the American policy research institute, in the latest of several closures of foreign research institutions and think tanks in the Gulf Arab state this year. The U


UK airspace may close due to volcanic ash

Parts of British airspace may have to close from Sunday until Tuesday due to volcanic ash from Iceland, the government said on Saturday. Different parts of airspace including the south east, where Europe's busiest airport Heathrow is l


Investcorp fund raises $500m

Investcorp Technology Partners (ITP) has raised $500 million through successful closure of ITP III and LP Fund, an official said. ITP, a buyout investor in growing small- and medium-sized technology businesses, has now total accumulated as

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