DUBAI, Dec 3 (Reuters) – Dubai luxury real estate developer
DAMAC got a lukewarm response to its share offering in
London on Tuesday, a sign that international investors are still
wary of the emirate’s property market despite a recent recovery
Property prices in Dubai have rebounded by over 20 percent
this year having slumped more than 50 percent from a 2008 peak
when a real estate market crash sparked a debt crisis.
DUBAI, Nov 25 (Reuters) – Dubai retail group Majid Al
Futtaim (MAF) said talks to buy Egypt’s largest supermarket
chain from family-owned Mansour Group had collapsed and the two
groups would instead look to build their businesses in Egypt
MAF, which is the sole franchisee of French hypermarket
chain Carrefour in the Middle East, had been in
advanced negotiations to buy Mansour Group’s Metro chain and
discount grocery store Kheir Zaman, Reuters had reported in
April, citing sources familiar with the matter.
DUBAI (Reuters) – Senior Iranian aviation executives were at the Dubai Airshow in a discreet campaign to update their ageing passenger jets this week, even as Iran negotiated with international powers to ease economic sanctions over its nuclear program.
Under moderate President Hassan Rouhani, there has been increasing hope the talks in Geneva could secure a breakthrough in the decade-long nuclear stand-off, leading to relief from embargoes that have crippled Iran’s airlines.
DUBAI (Reuters) – Emirates’ whopping order for 50 of the world’s biggest jets should end doubts about the project that had even crept into manufacturer Airbus, the airline’s chief told Reuters, adding it was so sure of filling the planes it might have bought 10 more.
By announcing a $23 billion A380 order at the Dubai Airshow, Emirates turned round the fortunes of a recently slow-selling jet that is synonymous not only with Europe’s industrial ambitions but also the rapid growth of its largest customer.
DUBAI, Nov 18 (Reuters) – Airbus and Boeing agreed to triple
purchases of parts and materials from Abu Dhabi in deals worth
over $5 billion on Monday, as Gulf states seek a reciprocal
boost to their economies from huge orders they have placed with
A shift of emphasis on day two of the Dubai Airshow
accelerated the growth in aircraft parts manufacturing in
countries where demand is strongest and will spread part of the
profits generated by $150 billion of brand-new plane orders.
DUBAI (Reuters) – Qatar Airways will launch domestic operations in Saudi Arabia in the first half of 2014, the chief executive of the airline said on Monday.
Akbar Al Baker said the Saudi domestic services carrier will be called Al Maha Airways and will start with the main cities of the kingdom including Riyadh and Jeddah, and then move to the second-tier cities.
DUBAI (Reuters) – Airbus and Boeing signed deals to buy some $5 billion of parts and materials from Abu Dhabi on Monday, in a sign Gulf states are seeking a reciprocal boost to their economies from the huge orders they placed with the planemakers the day before.
Gulf airlines, led by Dubai’s Emirates and Abu Dhabi’s Etihad, struck plane deals worth almost $150 billion – or more, including options – on the first day of the Dubai Airshow on Sunday.
DUBAI, Nov 18 (Reuters) – Airbus and Boeing signed deals to
buy some $5 billion of parts and materials from Abu Dhabi on
Monday, in a sign Gulf states are seeking a reciprocal boost to
their economies from the huge orders they placed with the
planemakers the day before.
Gulf airlines, led by Dubai’s Emirates and Abu Dhabi’s
Etihad, struck plane deals worth almost $150 billion – or more,
including options – on the first day of the Dubai Airshow on
DUBAI (Reuters) – It was a security consultant’s nightmare and a moment to savor – royalty, airline bosses, planemakers and press hordes wedged into the same overcrowded room wanting to see the same thing: the color of money in the oil-rich and fast-growing Gulf.
Gulf airlines dropped $100 billion in 15 minutes on the opening day of the Dubai Airshow, as they ordered hundreds of passenger jets to expand a common ambition to turn the region into a global aviation hub.
DUBAI (Reuters) – Gulf airlines splashed out on well over $100 billion (62 billion pounds) of orders on day one of the Dubai Airshow, underscoring a shift in power in the aviation industry and giving a boost to the formal launch of Boeing’s newest jet, as well as to Airbus’s A380 superjumbo.
Under hazy skies, sheikhs and ruling family members of Dubai and neighbouring Abu Dhabi toured rows of passenger jets and arms pavilions at the new 645,000 square metre venue, built to showcase the Middle East’s largest aviation hub.