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Dubai’s Emirates Airlines has denied a European Commission charge that it has mislead customers over website ticket prices.

The airline was one of nine named and shamed by the European Commission on Thursday for failing to act on concerns that they were misleading customers on their website.

It comes just days after Emirates launched a new "best price" promotion via its website guaranteei
The Middle East will lead the world out of the current economic slowdown, according to 76 percent of business leaders in a survey by CONNECT - World CEO Forum.

Almost two third of respondents say they're, "very optimistic" about the long-term prospects for their company in the Middle East, with another 33 percent "optimistic".

On the outlook for this year, 66 percent are "optimistic" or "ve
Khalil Hanware | Arab News: Middle East stock markets rallied last week, deriving impetus from improving performance in global markets and emerging prospects for an end to the world’s recession, financial analysts said yesterday.

“We believe that regional markets are deriving momentum from gains scored by world markets and expectations that the global downturn could be bottoming out,” an Amman
SINGAPORE | ArabNews: Islamic finance, which puts emphasis on sharing of risks between contracting parties has an enduring appeal, especially in the aftermath of a global financial crisis, says Muhammad Al-Jasser, governor of Saudi Arabian Monetary Agency (SAMA). He said Islamic financial products could now compete with others on their own merits in the global marketplace.

He made this comment
Microsoft has notified the second round of its employees in the US and internationally, who are affected by job cuts. The group is aiming to lose 5,000 positions as it brings costs into line with the economic downturn, the Wall Street Journal has reported. April saw the IT giant register its first fall in quarterly revenue since it became a public company in 1986.
It’s official. The UAE is the hardest-hit market, advertising-wise, in the Middle East. According to a report by Dubai-based Pan Arab Research Center (PARC), UAE ad spend in the first quarter of 2009 dropped 14 per cent compared to last year. At the forefront? Usual suspects like property and financial services advertising, which fell 60% and 46% respectively compared to last year. The property s
As the financial crisis continues to reach around the globe leaving most economies reeling in its wake, the Gulf state of Qatar is hoping that its substantial natural gas reserves will cushion it from the worst of the fallout. While other gulf economies face slowing growth rates, Qatar hopes that its vast gas reserves will allow it to weather the storm more easily than its regional neighbours.
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