No Oil, But A Phosphate Future For Saudi Desert Outpost

Waad al-Shimal, a joint venture between Maaden, SABIC and US phosphate and potash producer Mosaic, is a massive new project coming up in the far north of Saudi.

Dubai’s Drake And Scull Profit Rises 61% In 2013

The contractor said that its revenues reached Dhs4.9 billion last year, growing by 47 per cent from 2012.

REVEALED: 10 Best Places To Work In The UAE

Logistics firm DHL tops the list in 2014, followed by Microsoft, as ranked by Great Place to Work Institute UAE.

Oman May Sell Assets, Borrow Abroad If Oil Prices Drop

Oman relies on oil and gas for 87 per cent of its budget revenue.

EU Approves Amendment To Exempt UAE Citizens From Schengen Visa

UAE officials say procedures for exemption are almost complete.

Dubai Ruler Cleared By Report Into Horse Racing Doping Scandal

A report by Lord Stevens, the former Metropolitan Police chief commissioner, cleared Sheikh Mohammed of any wrongdoing.

Zain Bahrain To Launch Stock Flotation By End June

The telecoms firm has applied to Bahrain’s Ministry of Industry and Commerce for approval to become a public company.

REVEALED: Saudi Arabia’s Most Powerful Arabs

Aziza Al Yousef, the female driving ban opponent, makes the top five most powerful Saudi Arabs.

Aluminium Bahrain Q4 Net Income Drops 74%

Aluminium Bahrain’s net income for the final three months of 2013 was 13.7 million dinars ($36.3 million).

UAE’s ENEC Gets Additional Approval For Nuclear Plants

The approval will help ensure that the units remain on schedule for commercial operations in 2019 and 2020 respectively.

ADNOC Slashes LPG Cylinder Prices In Northern Emirates

ADNOC has reduced the gas prices for the second time in two months.

Abu Dhabi’s Aldar To Refinance $2.2bn Debt This Year

The Abu Dhabi property firm is open to bank loans as well as bonds, according to the firm’s CFO.

RAK Properties Announces Dhs151m Profit In 2013

RAK Properties has said that the company is expecting a stronger performance in 2014.

Omantel Q4 Profit Up 13% Despite Revenue Drop

Expenses for the quarter, which include wages, interconnection costs and roaming charges, reduced by 2.7 per cent.

Qatar Airways Expects To Receive First A350s Early

The Doha-based carrier has 43 A350-900s and 37 A350-1000s on its order books.

Dubai’s DAE Leasing Firm Orders 20 Aircraft For Nearly $1bn

The order by DAE for 20 ATR 72-600s and options for 20 additional ones will see delivery between 2015 and 2018.

Abu Dhabi Developer Aldar Q4 Profit Rises 79%

Profit rose on the back of gains from the acquisition of Sorouh and handover of residential units.

Abu Dhabi-Owned Manchester City To Break Even This Season – CEO

The club’s CEO Ferran Soriano also confirmed that they did not breach Financial Fair Play rules in the last two campaigns.

Yemen Hands 29 Qaeda Militants To Saudi Arabia

The Yemeni defence ministry website quoted sources as saying the militants had Saudi nationality.

Independent Entity Needed For Sharia Supervision -Kuwait Central Bank

Kuwait’s central bank governor has called for an independent legal entity to oversee Islamic financial institutions.

Mubadala Says Assessing Options For $1.25bn Bond Maturity

The maturity is part of a $1.75 billion, two-tranche bond which the fund sold in 2009.

Richard Branson’s Advice To Governments: “Throw Staff Parties”

The Virgin Group founder was speaking at the Government Summit in Dubai.

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.

REVEALED: The UAE’s Most Powerful Arabs

The two most powerful Arabs in the UAE both work across diversified sectors.

UAE Launches $1m Competition To Invent Unmanned Drones

The winner of the international competition will be announced in May 2014.

Dubai’s Damac Says Work On Trump Golf Course Proceeding “On Track”

The course is being designed by international golf course architect Gil Hanse.

Bahrain’s Gulf Air To Resume Flights To Tehran Next Month

The airline said it would operate four weekly flights to Tehran, starting from March 3.

Dubai’s Emirates To Ground Planes During Runway Work In May

The airline will ground 19 or 20 planes, Emirates’ president Tim Clark said.

Kuwait Approves $12bn Bids For Clean Fuels Project

The Clean Fuels Project is a specification upgrade and expansion of Kuwait’s largest refineries.

Saudi Arabian Airlines Picks Adviser For Cargo Unit’s Share Sale

A stake in the maintenance subsidiary is expected to be sold to the public before June 2015.