Business Blog

Dubai International Airport has become the busiest airport in the world, overtaking London' Heathrow Airport, thanks to strong growth by local carriers Emirates and flydubai.

Al Masah MENA IPO Fund will focus on the GCC and Egypt as well as Southeast Asia.

Orange Mobile on Sunday criticised a decision by the Telecommunications Regulatory Commission (TRC) to charge it JOD156.4 million for renewing its second generation (2G) licence, describing the amount as "unreasonably high".

Dubai, United Arab Emirates, April 29, 2014: A 13-member delegation from Ningxia Hui Autonomous Region of the People's Republic of China, visited Jebel Ali Free Zone (Jafza) last week to seek Jafza's support in facilitating e-Commerce between Ningxia and the Middle East region following Jafza's parent company Economic Zones World's recent announcement to establish the world's first purpose built

29 April 2014 RAKBANK achieved a net profit of AED 334.6 million for the quarter ended 31st March 2014.Total assets stood at AED 31.5 billion growing 11.3% year on year. Asset growth year to date has been 4.6% which is attributed to a rise in the investments portfolio of AED 862 million and gross loans and advances by AED 680 million.Gross loans and advances stood at AED 23.0 billion, up 12.3% yea

Emirati malls operator Majid Al Futtaim has set initial price thoughts of 212.5bp over mid-swaps on a new 10-year US dollar conventional bond, according to a lead.