MUMBAI: On Thursday, the cheapest fares in the ongoing domestic air ticket sale were offered by low-cost carriers Go Air and IndiGo. On Friday, Air India topped the list as it put out cheap fares on 108 domestic flights. The Air India scheme covers 40 sectors on 108 flights with tickets at a flat rate of Rs 1,499, plus… Read more →
Dubai: The UAE is expected to spend over $300 billion by 2030 on infrastructure development as the construction sector bounces back after the economic downturn in 2008, according to a report by HVS, a hospitality consultancy. The UAE’s construction sector gained momentum in 2013, the Middle East Hotel Development Cost Trends report stated. Last year, Dubai won the bid to… Read more →
Residential rental growth is slowing in Abu Dhabi with high-end properties recording just moderate increases in the first quarter of this year, according to an Asteco report. Rents at the lower end of the Abu Dhabi Island recorded little or no increase while prime properties saw rates rise between one and three per cent in Q1 2014 and seven… Read more →
Manama: Bahrain’s central bank has released a consultation paper to study possible changes to rules for Sharia-compliant financing arrangements which the kingdom’s Islamic banks can offer to accredited investors. The move comes as part of a broader push to revamp Bahrain’s efforts in Islamic finance, an industry it helped to pioneer, in the face of growing competition from other centres… Read more →
For average investors who are looking to cash in on gold, it won’t hurt to invest in the UAE’s first bullion coin which is scheduled to be distributed this month. According to Rolf Schneebeli, CEO of Gold Services AG, coins represent an excellent way to invest in physical gold for the average investor, as they allow anyone to own a… Read more →
Global investors remain suspicious of Gulf Co-operation Council countries, according to a new report by The Economist Intelligence Unit. The report found that this was despite many of its member countries pursuing policies to attract investment and a rise in their global ‘ease of doing business’ rankings. The business environment in Gulf Co-operation Council countries, sponsored by Merck Serono,… Read more →
THOUSANDS of people visited the three-day Wedding and Fashion Arabia 2014 Exhibition which ended yesterday. Held under the patronage of Shaikha Hind bint Salman Al Khalifa at the Bahrain International Exhibition and Convention Centre, it showcased premium bridal dresses. More than 160 designer wedding and evening dresses were showcased during the exhibition, some of which cost BD6,000. The guest of… Read more →
For just £100 a night holiday-makers in Pisa and Warsaw can stay in the most sumptuous of dwellings, according to research by Hotels.com And if you’re prepared to opt for an ever-so-slightly less impressive four stars instead of five, £100 can get you a comfortable hotel in cities including Berlin, Lisbon, Madrid and Marrakech. Further afield, four-star luxury at a… Read more →
The rupee closed at 59.91 a dollar as compared to 60.31 on Thursday. It rose to 59.68, its strongest since July 30, 2013. The appreciation of rupee against the dollar would continue till election results are out, said Naveen Mathur, Associate Director-Commodity & Currencies, Angel Broking. “The rupee has appreciated strongly in the last few trading sessions, largely due… Read more →
TOKYO: Japan’s core consumer prices rose for a ninth straight month in March from a year earlier and labour demand improved – further evidence the economy is making headway against years of deflation and stagnation. Finance Ministry data showed household spending and retail sales weakened in February as snowstorms across Japan kept many consumers at home, but there are… Read more →
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