MAF To Invest Dhs3bn In Dubai Over 5 Years

The UAE-based conglomerate reported revenue of Dhs23 billion for 2013.

Majority Of UAE Employees Work Better From Home – Survey

The survey also revealed that UAE workers preferred flexible hours to a pay hike.

Dubai’s Emirates NBD Misses Q4 Profit Forecast

A 26 per cent rise in net interest income was offset by a 40 per cent year-on-year jump in impairment allowances.

Bahraini Police, Protesters Clash After Funeral

Sunday’s violence followed the death of 20-year-old Fadhel Abbas, who died in police custody.

Dubai’s Mashreq Posts 38% Rise In 2013 Net Profit

The bank’s profit was boosted by a rise in net interest income and net fee and commission income.

Saudi Mobily Plans To Launch Piggyback Mobile Service In Q1

The telecom operator is expected to start the service via its partner, London’s Lebara Group.

Abu Dhabi Residential Real Estate Rebounds Strongly In 2013

Prime residential sales prices jumped 25 per cent in 2013, Jones Lang LaSalle said.

Infiniti Middle East 2013 Sales Up 29%

A new Infiniti showroom with full dealership facilities is planned for Mohammed bin Zayed road in Sharjah.

Emaar Launches Rasha Villa Project in Dubai’s Arabian Ranches

The Spanish-style community will include 140 villas.

Dubai Tram To Boost Property Prices In Marina

Dubai Marina has recorded a sharp upturn in investor appetite owing to its proximity to the tram.

ADCB Q4 Net Profit Jumps 40%

The bank reported Dhs879 million for the quarter, beating analysts’ estimates.

Emaar Properties Appoints Abdulla Lahej As Group CEO

The Dubai developer confirms departure of Low Ping as group CEO, says she will remain advisor to chairman Alabbar.

Emaar’s Huge Saudi Port Begins Operating

King Abdullah Economic City is a special economic zone up Saudi Arabia’s Red Sea coast from Jeddah.

GCC Nationalisation Schemes Creating “Ghost Workers”

Most of these schemes have failed in the past and can only be successful when accompanied by wage reforms and skill match up by locals, says new study.

UAE Gives Assurances On President’s Health After Stroke

On Saturday, state media said Sheikh Khalifa had undergone surgery after suffering a stroke and was in stable condition.

Saudi Arabia Announces Strict Penalties Against Fake Nationalisation

Employers practicing fake saudisation will face five years imprisonment and a SAR10 million fine.

Saudi Mobile Subscriptions Shrink On Labour Crackdown, Haj Limits

Subscriptions dropped to 51 million as of September 30, 2013, from 56.1 million two years ago.

Raytheon Announces $1.28bn Missile Deal With Oman

The firm has been looking to secure more orders from Gulf countries to offset a projected decline in US military spending.

UAE President Suffered A Stroke, In Stable Condition

Sheikh Khalifa bin Zayed al-Nahyan suffered a stroke and had to undergo a surgery.

Dubai Issues Regulations For Upcoming Tramway System

New resolution details fines for punishable traffic violations once tramway is operational.

Bahrain’s Mumtalakat Eyes New Investments As Portfolio Improves

The Bahraini wealth fund’s finances were hit by losses at struggling national carrier Gulf Air.

Kuwait Wealth Fund Favours Infrastructure Sector In West

The KIA is estimated to have around $386 billion under management.

Two Kuwaiti Refineries Stay Below Full Output After Shutdowns

Three refineries, close together on the Gulf coast south of Manama, were shut by a power outage on Wednesday.

Dubai Confirms Final Deal On $10bn Debt Restructuring

Lenders agreed to restructure about $6 billion of bank facilities while $4 billion will be repaid after bank creditors are satisfied.

Saudi Healthcare Booms As State Scrambles To Close Welfare Gap

Future expansion of healthcare facilities will also be driven by Saudi’s growing young population and the high incidence of lifestyle-related diseases.

Egypt Will Return $3bn To Qatar This Year

Qatar, a firm backer of Mohamed Mursi, lent or gave Egypt $7.5 billion during the year the Islamist was president.

Impact Of Saudi Labour Crackdown Spreads Through Economy

Nearly one million foreign workers are estimated to have left Saudi Arabia between last March and November.

UAE’s CBI Seeks Shareholder Nod For $300m Rights Issue

The lender, 40 per cent owned by Qatar National Bank, is aiming to raise Dhs1.1 billion through the issuance of 787.9 million shares.

UAE Sets Rules For Covered Warrants

The conditions include a licensing regime for issuers of covered warrants and disclosure requirements.

National Bank Of Fujairah’s Net Profit Rises 28.6% In 2013

The bank’s profit rose for a fourth consecutive year, owing to its robust business performance.