Flydubai, Dubai’s leading low-cost airline, said it has added another Iraqi destination, Basra to its network, with plans to launch four weekly flights to the port city starting from August 8. Basra joins the capital Baghdad, plus Najaf, Sulaimaniyah,

HSBC said it has launched a highly-advanced internet banking proposition, HSBC Connect to automate transactions for the large and mid- market businesses in Kuwait. HSBC Connect is specifically-designed for businesses that regularly generate a large

For the third consecutive year, India retained its position as the second largest destination for Omani non-exports in 2011, the Central Bank of Oman (CBO) said in its Annual Report for last year. Non-oil exports of Omani exports soared 27.7 per cent to

Kuwait remained South Korea's number two crude oil supplier in May, with its shipments jumping 57.3 percent from a year earlier to 13.29 million barrels, or 429,000 barrels per day (bpd), according to latest data released by the state-run Korea National

Majid Al Futtaim Holding, an operator of malls and hotels in the Middle East, raised $500mn from the sale of seven-year bonds, according to six bankers familiar with the transaction. The securities were priced to yield at 5.25%, the bankers said, asking

Kuwait’s annual inflation rate eased to a 25-month low of 2.8% in May and prices edged down slightly from the previous month, mainly because of cheaper food, state news agency Kuna reported yesterday. Inflation in the major oil exporter has been slowing

Dubai and the UAE is fully committed towards supporting the Libyan peoples’ efforts to rebuild their country under a new democratic leadership, according to a top official of Dubai Chamber. “Economic growth in Libya is likely to rebound strongly this

Qatar Petrochemical Company (Qapco), an Industries Qatar subsidiary, has said its planned $5.5bn Ras Laffan Petrochemical complex is well on track to be commissioned by 2018. Brushing aside reports that it was re-examining the feasibility of expanding

For British architects Austin-Smith:Lord, winning a contract in 2006 to help design a cultural complex in Abu Dhabi looked like a lucrative deal as oil-rich Gulf states were showering billions of dollars on infrastructure and tourism projects. Its

As part of its efforts to share best practice with its clients, Saudi Re has organized a training workshop on commercial property underwriting. The two-day event, held in Riyadh last week, was attended by an audience of insurance professionals

Ewaan Global Residential Company has awarded RCC (Ruwad Civil Construction) a contract for the construction of 185 villas in phase 1 and 2 of the Alfareeda residential project in North Jeddah. With a total value of SR 92 million, the contract comprises

Emirates will add a total of 73 additional flights to and from Saudi Arabia during Ramadan, adding to the carrier's already robust service schedule. Madinah and Jeddah will benefit from the extra services, put in place to serve the large number of

Saudi Aramco and the National Shipping Company of Saudi Arabia (Bahri) have signed a non-binding memorandum of understanding to pursue the merger of the fleets and operations of Bahri and Vela International Marine Limited, a wholly owned subsidiary of