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Kuwait To Partially Shut Mina Abdullah Refinery In Q2

The refinery, which produces 270,000 barrels per day, will be closed for maintenance from April to May.

Richard Mille Unveils 2013 Watches

The Swiss watchmaker unveils its timepieces for the new year at the SIHH in Geneva.

Building The Big Investment Picture

Emerging markets and urbanisation lead the global economic trends, writes Mark McFarland, chief investment strategist, Emirates NBD Private Banking.

Turkey’s E-Commerce Firms Set For Shakeout

According to a Deloitte report on e-commerce in Turkey, 17 merger and acquisition deals were closed last year.

Dubai Duty Free To Employ 1,070 New Staff In 2013

Sales forecast at Dhs 6.6 billion for 2013, says executive vice chairman Colm McLoughlin.

ME Must Remove Fuel Subsidies To Grow Renewables ­– Expert

The UAE and Saudi Arabia will find it very challenging to reach their renewable energy targets if they don’t phase out fossil fuel subsidies, warns senior IEA official.

Emaar Says No Plans To Spin Off Malls

The Dubai developer has denied reports it is planning to list its malls business.

Qatar Airways Denies Talks To Buy SpiceJet Stake

Qatar Airways CEO Akbar Al Baker says the carrier has no plans to acquire stakes in any Indian airlines.

Nike Unveils McIlroy Sponsorship In Abu Dhabi

The golfing star has split from previous sponsor Jumeirah and joins Tiger Woods.

Oil Revenue Puts Kuwait’s Budget Surplus At $52bn

Total revenue for April-November was 21.6 billion dinars while spending reached a mere 6.9 billion dinars.

Dubai’s DFM Up 20% In 2012

The Dubai bourse was the GCC’s best performing stock market.

Dubai Economy Bets On Superjumbo Air Travel Boom

The emirate has just opened the world’s first airport terminal purpose-built to handle Airbus A380 planes.

Saudi’s Shura Council To Appoint 15 Women Members

The Kingdom’s Shura Council is expected to announce the names next week, says report.

Iraq Is Finally A Viable Investment Opportunity

Nine years after the US-led coalition toppled Saddam Hussein there are signs that companies are moving to long-term investments in Iraq.

Abu Dhabi Awards $653m Louvre Contract To Arabtec

The Louvre museum in the emirate is due to be completed in 2015.

Airberlin CEO Steps Down

The German airline, in which Etihad has a 29 per cent stake, will now be headed by strategy chief Wolfgang Prock-Schauer.

Le Méridien Mina Seyahi Reopens After Refurb

Well-known hotel sports ‘chic new look’ and aims to serve as a contemporary city escape for business and leisure travellers

Emirates Expands Asian Network

A fifth daily non-stop service is being introduced between Dubai and Bangkok, swelling services to 35 flights a week from March 31.

UAE Energy Minister: Current Oil Prices “Good”

Oil prices in 2013 are expected to be similar to prices in 2012, says UAE energy minister Mohammed Dhaen Al Hamli.

Exclusive: Dubai World Central Airport May Open Early For Passengers

The passenger complex at the new Dubai World Central Al Maktoum International Airport could open as soon as Q1 2013.

Banking Special: Good Growth Prospects In Oman

Oman’s economy and its banking sector are performing well.

Wealthy Gulf Investors Begin To Eye Africa

Africa’s vast lands, fast economic growth and a sense of political stability are all attracting regional investors.

Bounced Cheques Remain Criminal Offence For UAE Expats

Officials clarify that the UAE rule of decriminalising bounced cheques only applies to UAE nationals.

Concourse A Opens At Dubai International

EK003, which took off at 1439 from Dubai to London Heathrow, became Concourse A’s first flight.

Brent Rises Toward $112 As US Approves Fiscal Deal

Brent crude prices were also buoyed by promising data from top energy consumer China.

Oman Boosts 2013 Spending To $33.5bn

Spending on education, health, housing and social welfare has been boosted by 22 per cent in this year’s budget.

Expats Who Bounce Cheques No Longer Risk Prison In UAE

UAE courts have stopped sentencing debt defaulters to prison since last month, say reports.

Oman Awards $108.5m Airport Contract To US Firm

The sultanate is expanding the Muscat airport’s terminal building and the airfield.

Germany, Saudi Close To Signing 100m Euro Arms Deal

Reports say the Kingdom wants to buy 100 of the Dingo armoured vehicles over the longer term.

World Oil Markets: Is US Set To Overtake OPEC?

As US crude production rises, is OPEC’s influence on global oil markets in danger of waning?