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Etihad plans to cancel Boeing 777X ordersEtihad Airways may be on the brink of cancelling or deferring orders for Boeing's 777X jets, estimated to be worth billions of dollars, a report said. The order is for 25 777X jets, the largest and most efficient twin-engine carrier More… |
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Dubai developer fails to meet $15m paymentDubai developer Khoie Properties said on Monday that as a result of the financial crisis it was unable to meet a $15 million land payment to Ras al-Khaimah's investment arm for a $800 million project it had launched. 'Following las More… |
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Gulf Arabs sign key monetary union pactGulf Arab leaders signed a long-awaited monetary union deal on Tuesday but failed to decide on the contested location of the regional central bank, placing another hurdle before a project beset by obstacles for years. While Saudi Arabia, K More… |
