Saudi Aramco Names Saadan Senior VP Of Finance And Strategy

Saadan joined Aramco in 1980 and has worked as vice-president of corporate planning and chief executive of the Aramco-Exxon Mobil refinery in Yanbu.

Abu Dhabi Hotel Guests Up 36% In January

Guests numbers at Abu Dhabi hotels reached 276, 970 during January with hotels earning Dhs522 million in revenues.

Siemens Wins $253m Qatar Power Station Contract

The firm will construct nine turnkey substations for Qatar General Electricity and Water Corporation’s phase 11 expansion.

Oman To Replace 480 Public Sector Expat Workers In Civil Services

Around 114 expatriate employees in civil services have been replaced to date while the remaining 480 positions will gradually be given to Omanis by 2015, an official said.

Etihad Airways Starts Double-Daily New York Flights

The Gulf carrier will initially operate the extra flights on two three-class Boeing 777-300ERs, leased from partner Jet Airways, and from May 1, Jet Airways will take over the service

Nakheel To Auction More Plots In Jumeirah Park On Strong Demand

The developer said that it will auction off residential plots ranging from 7,750 to 8,700 square feet on March 4.

UAE-Led Group To Buy Two India Power Plants In A Deal Worth $1.6bn

Abu Dhabi’s TAQA will control the operations and management of both plants under the deal.

Dubai Developer Deyaar Plans To Expand Into Hospitality Sector

The developer said it has allotted up to one million square feet for hotel and serviced apartment projects in the city.

Federer Subdues Berdych To Win Sixth Dubai Title

Roger Federer beat Tomas Berdych 3-6 6-4 6-3 in the Dubai Championships final.

Qatar Airways Starts Sharjah and Dubai World Central Flights

The Doha carrier now connects four UAE gateways to its global network

With Eye On Investors, Saudi Arabia Plans Training For Judges

Changes to the legal system are seen as crucial for wider social reforms aimed at reconciling Saudi Arabia’s ultra-conservative traditions with the demands of a young population.

Dozens Hurt In Gas Leak At Plant Near Qatari Capital -Sources

The medics said the gas leak casualties were expected to arrive at the Hamad Medical Centre in Doha soon.

Dubai Says Has Learned Lessons From Crisis

Dubai’s Department of Finance said that it has realised the importance of budget discipline and the need to regulate its property market.

Twelve Dead In Qatar Restaurant Gas Explosion

Preliminary investigations suggested that a gas tank exploded, setting off a fire and causing part of the building to collapse, officials said.

Dubai’s Economic Zones World Launches Two Halal Zones

The Halal zones will be situated in Jebel Ali Free Zone Authority (Jafza) and Technopark.

Nakheel Nets Dhs34m In Jumeirah Park Land Auction

The developer auctioned off eight plots, selling each for an average of Dhs4.3 million on Wednesday.

Dubai International Passenger Traffic Up 15.1% In January

Dubai Shopping Festival and the seasonal rush of holidaymakers have been instrumental in boosting passenger traffic.

Qatar Navigation 2013 Dividend Up, Q4 Net Profit Drops 13%

The shipper’s net profit for the final three months of 2013 was 172 million riyals ($47.2 million).

Alitalia CEO Says Etihad Needs 3-4 Weeks For Due Diligence

A tie-up with Etihad could bring Alitalia the resources to invest in a new strategy focused on long-haul routes.

Dubai’s RTA To Open Creek And Al Jadaf Metro Stations

The entire Green Line will be operational with the opening of Al Jadaf and Creek stations, RTA said.

DAFZA Records 42% Revenue Jump In 2013

The 1,600-company freezone now accounts for 8 per cent of Dubai’s trade

Arabtec Denies Plans To Acquire Kuwait’s Kharafi National

Earlier on Wednesday, Arabtec issued another statement saying its board had not taken any decision on the acquisition of another company.

ABB Wins $160m Kuwait Contract

The substations will aid the expansion of oil fields in Kuwait’s northern region and will support the Gulf state’s plans to boost production.

Mesaieed Petchem Shares Soar In Qatar Debut, Far Exceed Estimates

Mesaieed, a unit of state-owned Qatar Petroleum (QP), raised 3.2 billion riyals ($880 million) in an IPO of about 26 per cent of its shares.

UAE’S TAQA Says CEO Carl Sheldon Has Decided To Step Down

Edward LaFehr, who now leads TAQA’s North American operations, will take on all Sheldon’s current responsibilities.

Dubai’s Arabtec Shares Suspended On Regulator Request

No reason was provided for the suspension of trading.

Ghana’s Tema Oil Refinery Close To Deal With PetroSaudi

Ghana is one of Africa’s newest crude exporters after starting production from its offshore Jubilee field in late 2010.

Oman’s Ominvest Won’t Proceed With Oman Arab Bank IPO

Omnivest had previously said that it was looking into the feasibility of the transaction.

Horse Racing-Godolphin Hands Trainers Full Responsibility After Doping Scandal

The operational changes should also help safeguard horse welfare and ensure compliance with all relevant regulations, officials said.

Qatar’s Ooredoo Seeks $1bn Refinancing Loan- Bankers

The company sent out a request for proposals to around 15 banks last week with responses due this week, the bankers said.