Sunday 29 May 2016
 
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Air Arabia named 'Best low-cost airline in the Mideast'

Air Arabia, the Middle East and North Africa's largest budget carrier, was named “Best Low-cost Airline serving the Middle East” at the Business Traveller Middle East Awards 2016, held recently in Dubai. The airlin

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Saudia unveils new low cost airline

Saudi Arabian Airlines (Saudia), the kingdom's national carrier, has announced the launch of a new low cost service, said a report. The new airline, which has been named Flyadeal, will  serve both domestic and internation

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Gulf's bond market improves as panic over oil fades

Two issues in the Gulf's international bond market this week showed a panic over low oil prices has faded and foreign investors are once again willing to buy into the region's debt - but they remained extremely sensitive to pricing.

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Bahrain’s austerity moves to save $2bn

Austerity measures adopted in the face of low oil income are estimated to save Bahrain’s government BD813.8 million ($2.14 billion) by the end of 2018, according to Finance Minister Shaikh Ahmed bin Mohammed Al Khalifa in a report in the

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GIB offers low volatility equities

Gulf International Bank (GIB) is offering low volatility and protected strategies on global and regional equities.   In the last few years, markets have suffered from bouts of elevated volatility and large swings

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Low oil prices 'an impetus for change, reforms in GCC'

Low oil prices could be an impetus for change and reforms across the hydrocarbon-based economies of the GCC region, according to experts from Indosuez Wealth Management.   Speaking at a media roundtable, Dr Marie

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Low oil prices 'an impetus for change, reforms in GCC'

Low oil prices could be an impetus for change and reforms across the hydrocarbon-based economies of the GCC region, according to experts from Indosuez Wealth Management.   Speaking at a media roundtable, Dr Marie

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UK manufacturing activity slumps to three-year low

British factories had their weakest month in nearly three years in February, a survey showed on Tuesday, raising a warning signal that the country's recovery from the financial crisis could be slowing further. With growing unc

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Airlines reject criticism over high fares

Global airlines countered allegations of profiteering from low oil prices on Monday after renewed criticism that air fares have failed to come down in line with tumbling fuel costs. The head of the International Air Transport Asso

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SME confidence hits new low in UAE

UAE-based small and medium enterprises struggled to raise and collect money during the last quarter, pushing plans to recruit, launch products or open new outlets aside, according to a recent survey.   The Q4 201

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