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Saudi Hotel Fire Kills 15 Pilgrims

All 15 were Egyptians and the blaze was started by an electrical short circuit, said reports.

Why UAE And India Should Fast Track Economic Relations

UAE-India is a critical node in the overall GCC-India economic partnership, writes economics researcher Samir Pradhan.

After Syria, Al Qaeda Expanding In Lebanon

The violence is exacerbated by Lebanon’s own sectarian divisions and entrenching them.

Oman Signs $35m Railway Consultancy Deal With Italferr

Officials expect to award the first construction contract in 2015.

Dubai Business Licenses Up 12% In Q4 2013

Commercial licenses constituted the major share of total licenses issued in the last quarter of 2013, said Dubai’s Department of Economic Development.

Most UAE Residents Rent Rather Than Buy Property – Survey

Rising property prices have pushed out potential home buyers, finds survey by propertyfinder.ae.

Arab Funds Among Bidders For Australia’s Queensland Motorways

The consortium of bidders for Queensland Motorways include the Kuwait Investment Authority.

Oman To Sell 19% Of Omantel In Two Phases

The first phase is reserved for wealthy local investors and due to finish in March and the second will be open to all Omanis, say reports.

Does Apple Need A Flagship Store In The UAE?

With rivals such as Samsung promoting themselves heavily in the country, the US giant may have to step up its presence.

Drake & Scull Wins Dhs110m Contract for Mall of the Emirates’ Project

The contractor will provide MEP works for the mall’s redevelopment project.

Cathay Pacific To Drop Jeddah and Abu Dhabi

While flights to both cities are being axed, Bahrain is to be expanded and double-daily Dubai is unaffected

Cyprus: Enticing Opportunity For GCC Investors?

The island nation is struggling to recover from a banking meltdown, but the current economic scenario could offer good investment options.

GCC Banks Rebound As Economy Recovers

There still remains regional disparity between banks’ performances but the majority of them are seeing solid asset growth and higher earnings.

Egypt To Put Al Jazeera Journalists On Trial

In a statement, the prosecutor said the four had published “lies” that harmed the national interest.

Dubai International Handled 66.4m Passengers In 2013

Opening of Concourse A and flydubai’s ongoing expansion spurred 15.2 per cent annual growth.

India Lifts A380 Restrictions And Gulf Carriers’ Hopes

Presently only Delhi, Mumbai, Hyderabad and Bangalore have the required infrastructure for the jumbo jets.

Bahraini Police, Protesters Clash After Funeral

Sunday’s violence followed the death of 20-year-old Fadhel Abbas, who died in police custody.

Abu Dhabi Residential Real Estate Rebounds Strongly In 2013

Prime residential sales prices jumped 25 per cent in 2013, Jones Lang LaSalle said.

CEO Predictions 2014: Hussein Hachem, CEO, Aramex

Aramex believe it is Africa’s growing trade corridors with the Middle East that could prove most influential for the logistics industry this year.

GCC Nationalisation Schemes Creating “Ghost Workers”

Most of these schemes have failed in the past and can only be successful when accompanied by wage reforms and skill match up by locals, says new study.

Raytheon Announces $1.28bn Missile Deal With Oman

The firm has been looking to secure more orders from Gulf countries to offset a projected decline in US military spending.

Two Kuwaiti Refineries Stay Below Full Output After Shutdowns

Three refineries, close together on the Gulf coast south of Manama, were shut by a power outage on Wednesday.

CEO Predictions 2014: Shinichi Wakita, Managing Director, Panasonic MEA

Heavy government spending and increasingly energetic private sectors will keep economic growth robust in the GCC, writes Wakita.

Exclusive: Montblanc CEO On Why Dubai Is Growing

As Montblanc continues expansion across the southern hemisphere and in the UAE, Emma Hodgson meets new global CEO of Montblanc, Jerome Lambert, to discuss business in the Gulf.

Saudi Arabia Tenders To Buy 660,000 Tonnes Of Wheat

Saudi has become a major importer of wheat since abandoning plans for self-sufficiency in wheat in 2008.

UAE Banks Warned To Help Write Off Citizens’ Debts

Under the Debts Settlement Fund initivate, banks are required to waive 50 per cent of Emirati debtors’ loans.

Emirates To Operate Double Daily A380 Services To Moscow

The airline’s second jumbo A380 jet will begin services to the Russian capital from August 1, 2014.

UAE, New Zealand Sign Agreement To Develop Renewable Projects

The UAE and New Zealand signed an agreement to fund viable renewable energy projects in Pacific Island countries.

Saudi’s Al Rajhi Capital Plans Sukuk Push, Sees Better Year For IPOs

Corporates and state-owned entities in Saudi Arabia raised the equivalent of $15 billion from the sale of sukuk in 2013.

Saudi’s Healthcare Costs To Rise 30% In 2014

Saudi Arabia’s private sector hospitals are expected to hike their fees to compensate the loss of funds due to labour ministry decisions.