Nouvelles


Nouvelles de la région MENA


Muscat tops MidEast tourism performers in 2013

STR Global says occupancy rates, RevPAR and ADR all show strong growth so far this year


Marriott says Middle East revenues up 11% in Q1

US hotel giant says occupancy also up 4.1%; plans to double footprint in region by 2017


Bahrain economic growth seen at 5% this year

Bahrain Economic Development Board’s chief economist delivers upbeat message on kingdom


Abu Dhabi to see 15% growth in summer flights

International airport operator says total of 1,065 flights per week will land in UAE capital


Shareholders at India’s Jet approve Etihad stake deal

Etihad’s investment is first by overseas operator in an Indian airline since ownership rules were relaxed


UAE’s Senaat said to be mulling listing, stake sale

Abu Dhabi gov’t-owned firm may sell its own shares or offload stake in one of its businesses


Iran keen to speed up nuclear programme

UN report shows Tehran is trying to accelerate its uranium enrichment efforts


Tunis in talks with Qatar over central bank deposit

Tunisia’s PM says discussions ongoing over deposit by Gulf state; reportedly worth $1bn


Saudi to hand Pakistan $15bn energy bailout – report

Gulf kingdom would provide oil for three years, comes following change in government


Dubai reveals new aviation vision to 2045

Long-term strategy announced by Dubai Airports CEO amid rapid expansion in emirate


Dubai’s Emirates NBD launches $1bn bond

Arranging banks say Dubai’s largest lender is expected to see strong demand for bond


Nakheel awards Dragon Mart extension contract

Dubai developer picks ADC Energy Systems for construction of cooling plant at project site


UAE’s Etisalat waiting to hear on Maroc Telecom bid

CEO says he has yet to hear back from Vivendi on bid for its 53% stake in telco


Kerry hails tentative $2.1bn arms sale to Oman

US Secretary of State offers personal thanks to Omani officials over plan to buy air defence system


UAE seizes 260 illegal elephant tusks

Shipment of illegal ivory believed to be biggest Gulf state has seen


Kuwaiti oil workers on strike over pay

More than 1,000 staff at Oil Sector Services gather at union building instead of turning up for work


Doha Bank may sell bonds to raise capital – CEO

Qatar’s fifth-largest lender by market value had previously planned to hike its paid-up capital by 50 percent,


Turkish Airlines says sorry for flights mix-up

Carrier flies American couple to Dhaka, Bangladesh when they intended to travel to Dakar, Senegal


UAE private sector holiday confirmed for June 6

Workers in private sector will get paid holiday to observe Isra Wal Miraj, says Labour Minister


MidEast e-commerce growth fastest in world, says Visa

Latest data from payment solutions provider shows region saw 45% growth to $15bn


Qatar Airways sued after drinks trolley injury

Australian passenger said to be suing airline after being hit by a drinks trolley during flight


Dubai’s Damac begins work on first Iraq project

Property developer starts construction on $100m 26-storey luxury residential complex


Msheireb awards $690m contract for Doha project

Obayashi Corporation and HBK Contracting wins phase two deal for Qatar mega project


Asia’s Ascott inks deal for first Saudi property

Singapore-based serviced residence owner-operator says Ascott Olaya Riyadh to open in 2015


DEWA opens $29m Dubai Marina substation

New facility has a capacity of 150 megavolt amperes, part of expansion strategy in emirate


Barclays announces key appointment in Abu Dhabi

UK banking major hires new head of wealth and investment management in UAE capital


Saudi oil exports drop to 7.42m bpd in March

Official figures show Saudi power sector use rose and output edged lower


Dubai’s Jumeirah announces tie-up with Aston Martin

Luxury hotelier will be sponsor of car maker at upcoming Nurburgring 24-hour race


Aldar, Sorouh shares see double-digit rises

Abu Dhabi developers surge in heavy trading ahead of completion of merger plan


Iran said to execute two men for spying

Authorities reportedly sentence men to death for working for Israeli, US spy agencies


Ex-DIFC chief launches Dubai crowdfunding firm

Dr Nasser Saidi heading platform designed to source investment for SMEs


Qatar could be chosen for new Ferrari launch

Only six of the Pininfarina-designed Ferrari Sergio car will be produced in the world


US chain eyes 60 MidEast restaurants by 2018

Irish-themed Beef ‘O’ Brady’s restaurant franchise will open its first outlet in Saudi this month


Acquitted doctor flies home after UAE arrest ordeal

South African doctor Cyril Karabus says he is relieved to be home after arriving in Cape Town


Saudi gov’t websites attacked by hackers

Several websites sabotaged in series of cyber attacks from abroad, says gov’t source


More than 1.5m people flee Syria, says UN

United Nations refugee agency says conditions in war-torn country is deteriorating rapidly


Qatar Air keen to be new Boeing 777 launch customer

CEO Akbar Al Baker also says the airline is planning to launch three new routes in US by end-2014


UK’s biggest Islamic bank eyes closer ties to Gulf

Bank of London and The Middle East announces plan for Dubai office, eyes 15% assets growth


Emirates set to launch A380 on Brisbane route

Dubai airline says it will operate superjumbo to third Australian city from October 1


Kuwait to start medical care segregation on June 1

Expats will be barred from attending public hospitals in the mornings – local media


Global adviser needed for Islamic finance, says IDB

Jeddah-based Islamic Development Bank calls for global sharia board to offer greater uniformity


Emirati parents increasingly shunning gov’t schools

Education authority report shows more Emirati parents enrolling children in private system


Iran says ready for nuclear talks with world powers

Chief negotiator says discussions likely before or after June presidential election


Kuwait gov’t approves deal for 25 Airbus planes

Kuwait Airways will also have option for 10 other aircraft, says carrier’s chairman


Qatar Air signs codeshare deal to boost Thai flights

Gulf carrier inks agreement with Bangkok Airways to give it access to Thailand destinations


Syria suffers new internet blackout

Internet connections between war-torn nation and rest of the world collapse, says tracking firm


India’s Jet set to launch new Kuwait service

Airline part-owned by Etihad to start daily flights from Kochi to Kuwait via Abu Dhabi


Dubai inflation muted in April despite rise in rents

Analysts say there is little evidence of inflationary pressures despite pick-up in real estate


Dubai’s Depa sees big revenue rise in Q1

Burj Khalifa interior contractor’s CEO sees pick-up in market, especially in Gulf region