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King Abdullah Football Stadium To Open Thursday

The 60,000 seat venue has taken 14 months to construct.

UAE’s Agthia Reports 32% Net Profit Rise in Q1 2014

The company’s first quarter growth was mainly driven by higher net sales and an overall improvement in margins.

Etihad Airways Urges Speedy Restructuring Of Air Berlin

The German airline had said last month it was in talks over certain options that prompted speculation that Etihad could gain more control over the carrier.

Saudi Arabia Reports 11 New Cases Of MERS Virus, First In Mecca

A health ministry statement said eight of the people were in intensive care, two were stable and one showed no symptoms.

FIFA is considering a request from the South American Football Confederation for hosts Qatar to play Ecuador a day earlier than previously planned

Qatar Reduces Number Of World Cup Stadiums

The Gulf state has cut down the number of stadiums to eight from the original plan of 12, a senior official said.

Saudi SABIC Profit Slips In Q1, CEO Says Must Expand Abroad

SABIC made a net profit of 6.44 billion riyals ($1.72 billion) between January and March compared to 6.56 billion riyals a year earlier.

Abu Dhabi Ports Expect Year-End Spike In Traffic As Projects Boom

Cargo traffic at Abu Dhabi’s Khalifa and Zayed ports combined is expected to top 12 million tonnes this year, up from 9.3 million tonnes in 2013.

Saudi’s Khodari Says Labour Reform Impact To Start Fading In H2

Labour reforms impact on the company will “drag on for a few more years”, but it is steadily decreasing, a top executive said.

Five Minutes With… Alvaro Silva-Santisteban F, Director, Peru Trade Office – UAE

Peru hopes to double trade with the UAE this year, according to the head of the Trade, Tourism and Investment Office of Peru in the UAE.

Etihad CEO Says Near Finalising Next Stage Of Air Berlin Partnership

German media reports last month said the UAE-based airline could increase its stake in Air Berlin to 49.9 per cent from the current 30 per cent.

UAE’s MAF Reports 11% Growth In Pre-Tax Profits

The company reported that its EBITDA grew 11 per cent to reach Dhs3.3 billion in 2013.

UAE’s Al Etihad Credit Bureau Says It’s Operationally Ready

The federal credit bureau will help financial institutions in the UAE check the creditworthiness of consumers.

Kuwait’s Oil Exports Fall 3% In 2013

Kuwait’s declining oil export receipts were due to modest global demand and lower oil prices in 2013, a new report says.

Abu Dhabi’s Hilal Bank Reports 2013 Net Profit Up 42%

The lender attributed the profit rise to growth in assets and improvement in asset quality and liability mix.

Etihad-Air Serbia Deal Gets Regulator’s Nod

Etihad’s chief executive confirmed that the initial loan of $40 billion to Air Serbia will be converted to equity.

Arab Summit Opens, Leaders Struggle With Multiple Rifts

The gathering in Kuwait follows an unprecedented row among members of the GCC over Qatari support for Egypt’s Muslim Brotherhood, and a verbal spat between Iraq and Saudi Arabia.

Etihad Increases Aer Lingus Stake

Reports claim Etihad’s stake in Aer Lingus is now valued at just under €37 million

Dubai Mulls New Islamic Export-Import Bank To Boost Trade

The Dubai Department of Economic Development is currently conducting a feasibility study along with Noor Investment Group.

Apple Replaces iPad 2 With iPad 4, Launches Cheaper iPhone 5C

Apple discontinued the iPad 4 last year when it launched its current flagship tablet, the iPad Air.

Governments Must Ensure Airline Passengers’ Passports Checked – IATA

At least two passengers using stolen passports had boarded the missing Malaysian Airlines flight.

No Sign Of Missing Malaysian Plane, As Search Spreads Far Across Land And Sea

The search for the Malaysian Airlines jetliner and its 239 people on board has now entered the fifth day.

Dubai 2013 Trade Growth Slows But Iran Business Stabilises

The non-oil foreign trade of Dubai rose to Dhs1.329 trillion ($362 billion) in 2013, data from Dubai Customs revealed.

Dr. Nasser Saidi: Building The New Silk Road

The Gulf should pivot towards the East, writes the founder and president of Nasser Saidi & Associates.

UAE’s Mubadala To Focus More On U.S., European Markets: COO

Mubadala shifted some of its focus to emerging markets after the global financial crisis hit the United States and Europe.

Saudi Internet Monitors Turn Focus On Syria-Fuelled Radicalism

Syria’s civil war has led to a new, greater threat of Islamist radicalism in Saudi…

Qatar Cuts April Al-Shaheen Crude Exports On Maintenance – Sources

The number of 600,000-barrel cargoes scheduled to load in April has fallen to 13, two less than March, the sources said.

William ‘Bill’ Duff, Sheikh Rashid’s Financial Advisor, Dies

The British expatriate aged 92 died of natural causes in Dubai.

Sports Law Practice To ‘Thrive’ In The Gulf

With a rising Middle Eastern investor interest in sports ventures, sports law practice will thrive in the Gulf, says an expert.

Qatar Introduces Labour Protection Policies Ahead Of FIFA 2022

Workers will be paid electronically, making it easier for authorities to verify that payments are made on time, according to the new charter.

GCC Petrochemical Exports To Surge In 2014 – GPCA

GCC petrochemical exports are expected to rise due to the Bali Package, which aims to cut the cost of trade by 15 per cent.