Tuesday 6 December 2016
 
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Budget

Muscat's new budget carrier to be assigned to existing airport terminal

The soon-to-be-launched budget carrier SalamAir will most likely be assigned to the existing terminal at Muscat International Airport once the new terminal complex comes into operation later in 2017, said a report. According to Ma

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India to merge rail and federal budgets

India will merge its railway budget with the annual federal budget from the next fiscal year, ending a nearly century-long practice and easing the way for the government to cut populist subsidies and push through structural reforms.

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Oman H1 budget deficit surges to $9bn

Oman's government posted a budget deficit of RO3.5 billion ($9.1 billion) in the first half of 2016 compared with a deficit of RO1.92 billion a year earlier, as low oil export prices slashed its revenues, provisional Finance Ministry

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Low-cost airlines bet on data to drive profit

Europe's low-cost airlines once mocked the air miles programmes run by flag carriers as expensive relics of a bygone era. But after watching wide-eyed as customer databases were valued at billions of dollars, they are scrambling to catch up.

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Low-cost airlines bet on data to drive profit

Europe's low-cost airlines once mocked the air miles programmes run by flag carriers as expensive relics of a bygone era. But after watching wide-eyed as customer databases were valued at billions of dollars, they are scrambling to catch up.

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More holidaygoers looking to travel on shoestring budget

The tourism industry is witnessing a substantial increase in vacationers who like to explore holiday destinations on a shoestring budget, a leading holiday booking website has revealed. Demarcating the age group of such travellers

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London super-budget hotel brand targets the UAE

Chototel is bringing a new hospitality segment to the Middle East with eyes on the UAE for the next phase of development of its super-budget hotel brand, said a report. The London-based technology startup's first project is se

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Saudi Arabia picks arrangers for $10bn bond

Saudi Arabia has chosen Citigroup, HSBC and JP Morgan to arrange its highly anticipated sovereign bond issue, two sources with knowledge of the matter said on Sunday. Banks had pitched for roles on the transaction earlier this mon

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Eight Asian budget carriers ink landmark alliance

Eight Asian low-cost carriers including subsidiaries of Japan's ANA Holdings and Singapore Airlines (SIA) have formed a landmark alliance allowing travellers to book flights across their platforms for the first time. In a stat

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InterCon to open 25 new hotels in Middle East

InterContinental Hotels Group (IHG) is expecting to record more than 40 per cent growth across the Middle East in the next three to five years, with 25 new hotels in the pipeline. Currently, the group operates 78 hotels in GCC, Le

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