Deepa Rajan
UAE-based IBC Group to acquire 10,000 holiday homes in Dubai
IBC Group, an UAE-based investment company, is planning to acquire 10,000 holiday homes in Dubai, according to an announcement made by the company yesterday.
The...
This airline route is a billion-dollar one, says airline data firm OAG
British Airway’s London Heathrow- New York JFK service is the only route which has managed to break the ‘billion-dollar barrier’, earning revenues of over...
Dhofar Wind Farm marks a major milestone, starts generating electricity
Dhofar Wind Farm has achieved a major milestone by producing its first kilowatt hour of electricity after the project’s first wind turbine was connected...
ADNEC contributes AED 2.3bn to Abu Dhabi’s Economy in H1 2019
Abu Dhabi National Exhibitions Company (ADNEC) and Al Ain Convention centre (AACC) have together contributed AED2.3bn to Abu Dhabi’s economy in the first half...
Fujairah’s refined oil product stocks see eight-week high
Fujairah’s refined oil product stockpiles saw an eight-week high with a 10% jump to 21.253 million barrels in the week to Aug 12, Fujairah...
Major Gulf markets open higher after Eid holidays
Most major Gulf markets traded in the positive today after returning from the Eid break, according to a Reuters report. Saudi Arabia and Oman...
P&O cancels its Winter 2019/2020 programme for Arabian Gulf, Dubai
As the crisis in around the Strait of Hormuz shows no sign of abating, P&O Cruises has taken what it calls an “unusual step”...
ahlibank’s total assets up by 11.8% in Q2; net profit for Q1 2019 up...
In its financial statements for the second quarter (ending June. 30, 2019) ahlibank has recorded a noteworthy growth surge of 11.8% in its total...
Oman’s real estate sector transactions reach OMR269mn in two weeks
Oman’s total value of real estate sector transactions reached OMR269mn in the 15 days of July and August. The traded value of property was...
China CNPC extends Oman oil production contract for 15 years
China CNPC has extended its contract for developing an aged oilfield in Oman for another 15 years, Reuters quotes Chinese state oil and group...