Business Blog

The upcoming Egyptian parliamentary and presidential elections will boost the tourism sector, says Egyptian tourism minister Hisham Zaazou.

Dubai is set to have a new mode of public transport — high-tech podcars — in the next couple of years, a senior official announced.

More well-off residents in the UAE than in other countries in Asia are likely to spend more on non-essentials including travel in the next 12 months, a new research suggests.

KUALA LUMPUR, May 6 (Reuters) - Indonesian airline Garuda Indonesia Tbk GIAA.JK has secured $100 million in financing from Maybank Islamic Bhd MBBMIS.UL to fund its operations and expansion, the Malaysian bank said on Tuesday.The Musyarakah-based loan, which will be Indonesia&aposs largest bilateral Islamic financing, has a tenure of 3 years and will be issued through Maybank&aposs Indonesian unit

KUALA LUMPUR, May 6 (Reuters) - Indonesian airline Garuda Indonesia Tbk GIAA.JK has secured $100 million in financing from Maybank Islamic Bhd MBBMIS.UL to fund its operations and expansion, the Malaysian bank said on Tuesday.The Musyarakah-based loan, which will be Indonesia&aposs largest bilateral Islamic financing, has a tenure of 3 years and will be issued through Maybank&aposs Indonesian unit

* Dollar drops to 6-1/2 month low as data fails to budge Fed rates view* Gold firm on safe-haven bid, wheat at 13-month high on Ukraine, Russia tension* China yuan firms, talk of central bank intervention helps* Shares driftBy Marc JonesLONDON, May 6 (Reuters) - The dollar fell to a 6 1/2-month low on Tuesday as investors looked past signs the U.S. economy is emerging from a winter-induced slowdow