Damac Offers Property Buyers Free Lamborghini Aventador This DSF

The Dubai-based developer has promised customers free luxury cars as part of its Dubai Shopping Festival promotion.

Bahrain Says Probing Torture Claims By Men Jailed In Bombs Case

Three men in the Kingdom have been jailed for 15 years for two homemade-bomb attacks.

Bahrain Fuel Price Hike In Doubt As MPs Boycott Debate

Bahrain’s National Oil and Gas Authority (NOGA) announced plans on Dec. 23 to raise the price of diesel from Jan. 15.

Six New Cases Of MERS Virus Hit Saudi Arabia, UAE

The total confirmed cases of the respiratory disease has reached 176, of which 74 have died, the WHO said.

Saudi Arabia Needs To Provide Job Skills To Its Youth

The Kingdom needs to arm its young graduates with on-the-job training and vocational education, experts say.

Dubai Media City To Monitor Visitors On New Year’s Eve

Visitors will be asked to present valid ID proof when entering the freezone.

Saudisation To Slow Retail Sector Growth

Lower demand and higher local wages are expected to drag growth in Saudi Arabia’s retail sector, says NCB Capital.

Abu Dhabi To Build Green Road To Dubai

The five-kilometre pilot project will link the existing Abu Dhabi- Dubai main road (E11) and the new Abu Dhabi-Dubai main road (E311).

Shuaa Capital CEO Macdonald To Leave Company

The company has not yet named a replacement for the CEO, but has announced other management changes.

Nakheel To Award Contract For The Pointe At Palm In Q1 2014

Dubai developer is currently evaluating construction bids for the retail and entertainment complex.

Bahrain Jails Five For 15 Years For Bomb Attacks

The men were convicted of carrying out two attacks, including one during last year’s Formula 1 race.

Dubai Refreshments To Open Merger Talks With Abu Dhabi Refreshments

Both firms are franchisee holders for the distribution of Pepsi Co products.

Saudi Arabia Seeks Bids To Build Integrated Gas/Solar Plant

The 550-megawatt integrated solar combined cycle plant will be located near Tabuk on the Red Sea coast.

Reel Cinemas Receives 9m Visitors In 4 Years

The megaplex at The Dubai Mall marked 25 per cent growth in audience turnout this year compared to 2012.

Burj Khalifa Apartment Prices Soar 25% In 2013

Apartment prices at Burj Khalifa currently stand at Dhs3, 750 per square feet – a 50 per cent increase from February 2009.

Dubai Airport Passenger Traffic Up 9.5% In November

Year-to-date passengers totalled 60.4 million people, an increase of 15.3 per cent.

Al Noor Hospitals Buys Gulf International Cancer Centre For $21.8m

The Abu Dhabi based healthcare provider said it it hoping to increase its core competency.

UAE Consumers Demand Effective Brand Loyalty Programmes

Brands in the Middle East are failing to deliver loyalty programmes relevant to consumers’ needs, according to a survey.

Dubai’s Arabtec Says No Plans To Increase Stake In Depa

The contractor denied media speculation about increasing its stake in Depa.

Saudi Royal Faces Death Penalty For Murder

The name of the prince was not revealed.

UAE’s First Fully Built Satellite, Khalifa Sat, To Enter Orbit In 2017

Dubai’s ruler Sheikh Mohammed Bin Rashid Al Maktoum launched the project.

Saudi Arabia To Give Lebanese Army $3bn In Aid

Some of the money is likely to be spent on weapons from France, said Lebanon’s President Michel Suleiman.

How Did Saudi Real Estate Perform in 2013?

Massive government spending is driving Saudi Arabian real estate growth, says Dr. Tobias Plate, senior partner at Roland Berger Strategy Consultants Middle East.

Top 10 New Year’s Eve Events In Dubai

From drumming to wild partying, Gulf Business brings you an array of events to choose from this NYE.

Prince Alwaleed’s Twitter Stake Value Jumps To $1.2bn

Alwaleed’s Kingdom Holding bought a $300 million stake in Twitter in December 2011.

Dubai’s Drake And Scull Secures $16m Contract In India

The contractor will perform MEP works for four towers in Mumbai’s New Cuffe Parade project.

Dubai’s Index Falls For The First Time In 5 Days

The DFM General Index fell as investors sought to take advantage of a four-day rally to pocket gains.

Abu Dhabi Exceeds 2.5 Million Hotel Guests Target For 2013

Around 2.5 million guests stayed in Abu Dhabi’s hotels in the first nine months of this year, up 17 per cent from last year.

Saudi Ma’aden Restarts Aluminium Plant Production Line

The $10.8-billion aluminium plant at Ras al-Khair shut one of its smelting lines in mid October.

Al Habtoor Group Announces Major Board Reshuffle

The group has said that its hotels division board has been carefully planned with a mix of expertise to cope with growing business demands.