Award-winning airline Jazeera Airways, the largest airline serving the Middle East out of Kuwait, issued its April 2012 operational performance report, which showed that the airline has continued to grab leading market shares on its network. The airline

Three Bahrain based Islamic investment banks Capivest, Elaf Bank and Capital Management House announced their approval to merge. The announcement came after the extraordinary general meetings of the three banks held on Thursday approved the transaction.

Commercial Bank International, or CBI, has announced the launch of a 100 per cent cash back promotion during the summer season. For every Dh100 spent with a CBI credit card this summer, customers will get the chance to be one of three winners who will

Mashreq announced the opening of its newest branch located in Mirdif City Centre, inaugurated by head of distribution Shaker Zainal, in the presence of staff and customers. The inauguration comprised several cultural activities. Mashreq’s presence in

Fitch Ratings has affirmed Saudi Basic Industries Corporation’s (Sabic) Long-term Issuer Default Rating (IDR) at ‘A+’, senior unsecured rating at ‘A+’ and Short-term IDR at ‘F1’. The Outlook on the Long-term IDR is Stable. The senior unsecured rating on

The recently launched English and Arabic application of Emirates Islamic Bank, or EIB, is now one of the most downloaded app from Apple’s App Store in the UAE in the finance and mixed categories. “The launch of mobile banking for our customers has been

As part of its constant efforts to enrich customers’ lifestyle with the latest offerings in telecommunications technology, Saudi Telecom Co. (STC) will start delivering the Samsung GALAXY SIII devices to customers at their places of residence or any

Tamdeed Projects, a part of UAE-based Etisalat Services Holding and a leader in cabling infrastructure projects has signed a partnership agreement with Panduit Corp, a global manufacturer of physical infrastructure solutions. A holding company of

Sharjah-based low-cost carrier, Air Arabia, in co-ordination with Oman’s Tourism Ministry, has started new flights from its UAE hub to Salalah starting from today. The services will be welcomed by the Ministry and Salalah, which is positioning itself as

Batelco has completed the delivery of 27,000 Ramadan Baskets to the Kingdoms' charitable societies as part of its annual donations programme. The Charities will soon begin to distribute the baskets to needy families across the Kingdom as preparation

Bahrain-based Investcorp has signed up to a $504 million-equivalent loan aimed at refinancing debt due in 2013, with the final amount potentially being increased in the coming weeks as more banks join the lending syndicate, sources said. The loan heads

The Shaw Group Inc. announced Wednesday it has been awarded a new contract to implement a fleetwide services program for Saudi Electricity Company (SEC)’s oil and gas-fired power plants throughout Saudi Arabia. In April 2010, Shaw was awarded a

A consortium of Arabtec Holding that includes Greek and Turkish firms on Wednesday won a Dh10.8 billion ($2.94 billion) contract from the Abu Dhabi government to build a mid-field terminal at the cash-rich emirate's airport. The contract was signed with