First Gulf Bank To Set Up $1.07bn Sukuk In Malaysia

Funds from the programme will go toward expanding the bank’s day-to-day business.

More Gulf Capacity Set For Tokyo

Qatar Airways joins Emirates in providing more access to and from Tokyo’s second airport

Abu Dhabi Airport Reopens After Technical Problem

Etihad Airways said all flights into Abu Dhabi were temporarily diverted to other airports in the region.

UAE’s Telecom Regulator Warns Users Against Selling Telephone Numbers

The warning comes as Etisalat and Khalifa Foundation plan to auction VIP packages that would provide certain privileges to customers.

Fog Forces Abu Dhabi Flight Diversions

Technical failure forces Abu Dhabi flights to other regional airports

Dubai’s Ruler Unveils Strategy For ‘Smart City’ Initiative

The strategy includes 100 initiatives in transport, communications, infrastructure, electricity and urban planning.

Bahrain Says Two Children Injured As Bomb Explodes

The two children, aged 10 and 11, had been instructed by “terrorists” to plant a bomb in Daih, a ministry statement said.

REVEALED: Top 10 Salaries In Saudi Arabia

The 2014 Gulf Business Salary Survey reveals the best-paid jobs in the Kingdom.

Lufthansa, Qatar Airways Clash Over In-Flight Movies On Smartphones

Germany’s Lufthansa has announced plans to offer wirelessly streamed movies to passengers.

Qatar Says Regrets Decision By UAE, Saudi, Bahrain To Withdraw Envoys – Cabinet

In a cabinet statement published on the official news agency, Qatar said it would not reciprocate with the same move.

Kuwait’s Emir Could Heal Gulf Rift With Qatar – Speaker

Saudi Arabia, Bahrain and the UAE said on Wednesday they were withdrawing their ambassadors from Qatar.

Qatar Airways Unveils A380 First Class

The jumbo jet will feature eight seats/beds in first class, and customers will have access to an exclusive lounge on board.

All EU Citizens To Get UAE Visa On Arrival From March 22

The UAE has passed a new ruling exempting citizens from 13 European member states from requiring a pre-entry visa.

Emaar To Open New Reel Cinemas Complex In Dubai Marina

The new cinema complex is located at ‘The Beach’, a retail destination being developed by Meraas Holding in Dubai Marina.

EFG-Hermes Sells Damas Stake To Mannai For $150m – Source

Mannai and EFG-Hermes took control of the jeweller in April 2012, with Mannai holding 66 per cent of Damas.

REVEALED: Top 10 Fastest Growing Luxury Property Markets

Dubai and Abu Dhabi feature among the top 10 global cities seeing a rise in luxury residential property prices, according to Knight Frank.

Saudi, UAE, Bahrain Withdraw Envoys From Qatar In Security Row

They accused Doha of not implementing an agreement among GCC countries not to interfere in each others’ internal affairs.

Saudi IPO Market Set For Booming 2014 As Regulator, Issuers Eye Deals

The Kingdom’s stock market saw five IPOs in 2013 worth around $506 million, down in both volume and value from 2012.

Dubai World Prepays $284.5m To Creditors – Sources

The conglomerate obtained money for the prepayment from asset sales.

Arabtec Unit Wins Dhs1.03bn Emaar Contract In Dubai

Under the deal, Arabtec Construction will build over 1,500 townhouses in Emaar’s Reem community.

Dubai Hotels’ Occupancy Rates Rise To 83% In January

New survey attributed the higher than average rates during the start of the year to the holiday season.

Sofitel Dubai Downtown To Open May 1

The city’s third Sofitel will have a strong artistic flavour

Qatar’s Ooredoo Q4 Net Profit Falls 36%

The company said EBITDA fell because of dropping revenue at its Indonesian unit Indosat and Myanmar start-up costs.

Bahrain To See Further Bank Mergers This Year – Central Bank Governor

In 2013, there were four separate examples of consolidation in the Bahraini banking sector.

Ras Al Khaimah Exploring Ceramics Sale

Ras Al Khaimah Ceramics has a market capitalisation of $781 million.

REVEALED: Top 10 Salaries In The UAE

The 2014 Gulf Business Salary Survey reveals the best-paid jobs in the UAE.

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.

UAE Etisalat Hopes To Complete Buy Of Vivendi’s Maroc Tel Stake By End Of May

Etisalat agreed to buy Paris-listed Vivendi’s 53 per cent holding in Maroc Telecom for 3.9 billion euros last November.

Saudi Arabia Plans Oil-To-Chemicals Plant At Yanbu -Oil Minister

Development of the Saudi petrochemical sector is part of Riyadh’s strategy for diversifying the economy away from its dependence on crude export revenues.

UAE’s Etisalat Q4 Profit Rises 70%

Etisalat made a net profit of Dhs1.45 billion ($394.77 million) in the three months to December 31.