Bloomberg Air Arabia PJSC’s expansion could see the biggest discount carrier in the Persian Gulf and North Africa order 100 narrow-body planes worth $11 billion at list prices before the end of the year. The Sharjah, United Arab Emirates-based airline hasn’t yet reached a decision but the figure is “probably the right number,” Chief Executive Officer Adel Ali said in ...

RAS AL KHAIMAH / WAM Julphar, one of the largest pharmaceutical manufacturers in the Middle East and Africa, recorded sales of AED1.3 billion for the year ending December 31, 2017, despite the challenging and rapidly changing market environment. The Gulf Pharmaceutical Industries Manufacturers reviewed non-audited preliminary financial results for 2017 and forecasts for 2018, following its Board of Directors’ meeting, ...

Dubai / Reuters The Dubai Gold and Commodities Exchange (DGCX) plans to launch a new sharia-compliant spot gold contract by the end of March, aiming to tap demand for bullion from Islamic investors in the Middle East. The DGCX said it had appointed INTL FCStone as the market maker for the contract, which is physically backed by gold and the ...