Nakheel To Auction Plots In Jumeirah Park

The plots, each measuring 8,820 square feet, will be auctioned off on February 26 in the Nakheel Sales office on Al Sufouh road.

Different Arab money

Islamic Development Bank Aims To Price Benchmark Sukuk On Thursday

The supranational lender set initial guidance at mid-to-high 20s over midswaps, the document said on Tuesday.

Qatar Airways Eyes Deeper Ties With Oneworld Partners

Akbar Al Baker said Qatar Airways was in talks with British Airways, one of the founding members of the oneworld alliance, on a codesharing agreement.

Samsung Galaxy 5 Releases In Dubai On April 11– Eros CEO

Samsung unveiled the Galaxy S5, the latest generation smartphone in its flagship series, during the Mobile World Congress event in Barcelona on Monday.

Glowork And Mihnati.com Partner To Boost Saudi Employment

Strategic partnership aims to support Saudis looking to find work.

Dubai’s MAF Launches Community Mall In Sharjah

My City Centre, Nasseriya in Sharjah, an investment worth Dhs84 million, will cater to smaller residential communities.

Dubai Hotels Record 80% Occupancy In 2013

Dubai’s market rapidly absorbed an influx of new hotels in 2013 whilst maintaining a healthy occupancy rate throughout the year.

Cathay Pacific To Make Doha Debut

Strategic agreement follows Qatar’s entry into the oneworld alliance

Saudi Electricity Proposes 2013 Cash Dividend Of $0.19 Per Share

In January, the monopoly said its annual profit for 2013 rose 19 per cent to 3.04 billion riyals from a year earlier.

Dubai, Abu Dhabi Firms To Hike Housing Allowances In 2014

Around 22 per cent of Abu Dhabi employees and 33 per cent of Dubai employees will see a rise in housing allowances this year.

Etihad To Launch Daily Phuket Flights

UAE residents and holidaying Europeans now have improved access to the popular Thai destination

Qatar’s Nakilat Q4 Profit Falls 13%

The company made a fourth-quarter profit of 176.5 million Qatar riyals ($48.5 million), down from 203.3 million riyals a year earlier.

Horse Racing-Godolphin’s Racing Manager Quits For New Role

Simon Crisford will take on a new role as Sheikh Mohammed’s global racing advisor.

Qatar Plans To Invest $45bn In Tourism By 2030

Qatar is planning to increase tourism’s contribution to GDP by 5.1 per cent, up from 2.6 per cent.

Saudi Aujan Coca-Cola Plans $100m Fruit-Juice Factory In Egypt

The plant will be commissioned between 2016 and 2017, a senior official said.

Drake And Scull’s Rail Division Wins Dhs35m Dubai Airport Contract

The firm will provide complete MEP works for the automated passenger mover system (APM), which will connect Concourse 4 of Dubai International Airport to Terminal 1.

UAE’s ADCB Picks Banks For 5-Yr Benchmark Bond

ADCB has chosen Bank of America-Merrill Lynch, Barclays, ING and JP Morgan Chase to arrange the transaction.

Dubai Industrial City Launches Halal Cluster

Spread across nearly six million square feet, the cluster will provide a dedicated area for companies manufacturing halal products.

Saudi Central Bank Expects Further Drop Of Inflation In Q1

Consumer price growth in the world’s top oil exporter has been easing gradually since hitting a peak of 4.0 per cent in April 2013.

DEWA Commissions Dhs118m Substation At DAFZ

The substation, which has a capacity of 150 megavolt ampere (MVA), was built at the cost of Dhs86 million.

Dubai’s Arabtec In Talks To Buy Kuwaiti Firm -Sources

The deal, if completed, would be worth about Dhs2 billion ($545 million).

UAE Food Producer NFPC Signs Dhs1.5bn Deal With Kizad

The deal would see an initial investment of Dhs1.5 billion by NFPC to build a mega-facility that will be spread across eight million sq ft of land in Kizad.

Commercial Bank Of Qatar Signs Upsized $1bn Dual-Tranche Loan

Lenders joining the facility came from the Gulf, the United States, Europe, Asia and Australia.

Saudi Contractor Al Khodari Recommends $0.13 Per Share 2013 Dividend

The contractor reported a 69 per cent decline in fourth-quarter net profit last month.

Different Arab money

Saudi Kingdom Holding To Pay $0.03 Per Share Dividend For Q4

The company posted a 10.3 per cent rise in fourth-quarter profit in January, mainly due to a rise in the value of its investments.

Qatar’s Al Khaliji Lifts Foreign Ownership Cap To 49%, No Bonds In 2014

Only 16.18 per cent of the firm is currently held by non-Qatari investors, according to bourse data.

Emirates To Start Chicago Flights In August

The windy city will shortly will be served by all three Gulf carriers and becomes Emirates’ ninth US gateway

Dubai’s Union Properties To Lift Foreign Ownership Cap To 25%

Foreigners currently own 4.35 per cent of the company, according to bourse data.

Bahrain’s Gulf Finance House Doubles Q4 Profit On Investment Revenue

The investment firm made a net profit of $5.2 million in the three months to December 31.

Bahraini Islamic Bank Al Baraka Q4 Net Income Climbs 23%

The Islamic lender recorded a net attributable profit of $32 million in the three months to December 31, 2013.