Etihad CEO says model of global airline alliances is 'fractured'
The head of Etihad Airways dismissed global airline alliances pursued by some rivals as a 'fractured' model, adding his Gulf carrier would instead invest in equity stakes and codeshare deals to grow.
MIDEAST STOCKS-Emaar Malls IPO may temporarily siphon more money from Dubai
Dubai's bourse may remain soft on Wednesday as retail investors temporarily take money from the market in order to participate in the initial public offer of Emaar Malls Group (EMG), while Saudi Arabia and Egypt look more positive.
Ex-CEO of Dubai's Arabtec agrees to sell stake to Aabar -source
Arabtec's former chief executive Hasan Ismaik has agreed in principle to sell at least part of his stake in the Dubai-based construction firm to Abu Dhabi state fund Aabar Investments.