Ola Koenig: Profits on Horizon as Air Serbia Celebrates First Birthday

Thursday, October 30, 2014

Profits on Horizon as Air Serbia Celebrates First Birthday

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Transport and Tourism

Media and Marketing

Luxury and Lifestyle

Finance and Economy

Profits on horizon as Air Serbia celebrates first birthday

Air Serbia will make a profit for the first time in history, Belgrade's Mayor Sinisa Mali tells AMEinfo on the one year anniversary of the airline's rebranding. Exactly a year ago, Air Serbia, which is 49 per cent owned by Abu Dhabi carrier Etihad Airways…

SABIC profits down; misses analysts' forecasts

Saudi Basic Industries Corp, the largest listed company in the Middle East, reported a drop in profits of 4.5 per cent in Q3 2014 on Sunday (October 26).

Dubai World Central to house IKEA's largest regional distribution centre

Dubai World Central (DWC) has gained a significant boost in its bid to become the region's major logistics hub by agreeing to accommodate IKEA's regional distribution centre.

Energy

Falling oil prices will affect GCC economies: IMF

Falling oil prices will affect financial and external balances in oil-dependent Gulf economies, warns Christine Lagarde, managing director at IMF.

Saudi looks to gas and renewables as crude crisis deepens

With the price of Brent crude oil hammered to a four-year low of $84.6 per barrel, Saudi Arabia plans to boost its operations in the renewables and natural gas sectors.

Real Estate

Abu Dhabi's property market unchanged in Q3 2014

The Abu Dhabi real estate market has seen little or no movement in residential sales or leasing prices in Q3 2014, an Asteco report reveals.

Dubai Parks and Resorts to include Sony Pictures and Smurfs Zone

Dubai Parks and Resorts, which is building a mega entertainment resort in Jebel Ali, will include Sony Picture Studios and Smurfs Zone, an official statement reveals.