Oman’s Galfar MD Hit By Corruption Verdict Resigns From Board

Mohammed Ali was handed a three-year jail term and ordered to pay fines worth 600,000 rials

Saudi’s Samba Q4 Profit Up 15.8%

Samba attributed the profit rise to an increase in operating income.

Saudi’s Mobily Q4 Profit Rises 8.6%, Beats Forecasts

The company said more income from data and business clients were the reason for the quarterly and annual profit increases.

US, Gulf Arab States Pledge $1bn In Fresh Syria Aid

An international donor conference in Kuwait is intended to help the UN reach a $6.5 billion aid target.

Bank Muscat Meets Q4 Forecasts With 42% Profit Hike

Results were boosted by the $38.8 million payout from insurers after the bank was the victim of a major cyber fraud case.

Bahrain’s GFH Agrees Part Sale Of Leeds United Stake

GFH bought Leeds United in December 2012 through its Dubai-based subsidiary, GFH Capital.

Abu Dhabi To Give Foreigners Freehold Property Titles

The capital of the UAE has designated areas for property investment by foreigners.

Nakheel Launches New Plots For Sale At Jumeirah Village Circle

Prices start at Dhs10 million and the plots can be used for residential, hotel or commercial development.

Dubai Ruler: Private Sector Emiratisation To Increase 10-Fold By 2021

Sheikh Mohammed launched the UAE National Agenda for the next seven years on Tuesday.

Qatar’s QNB Q4 Profit Up 13.7%

The bank reported a net profit of 2.4 billion riyals ($659 million) for the final three months of 2013.

First Jubail Diesel Cargo Adds To Pain For Europe’s Refiners

Saudi Aramco is set to ship the first cargo of diesel to the Mediterranean for January 23 loading.

10% Of UAE’s Mobile Users Switched Operators Since MNP – Survey

The UAE recently introduced mobile number portability (MNP), which allows users to switch operators while retaining their number.

97% Of UAE’s HNWIs Use Social Media

A study shows 73 per cent of them prefer LinkedIn over Facebook or Twitter.

ADNOC Cuts Prices Of LPG Cylinders In Northern Emirates

The price of a 25 lbs capacity cylinder has been reduced to Dhs54 from Dhs61.

Dubai Duty Free To Launch Online Shopping

Executive vice chairman Colm McLoughlin said the company will focus on the new Al Maktoum International airport.

Saudia Restarts Jeddah-Manchester Route

The airline will resume services to Manchester after a seven-year gap and will fly thrice a week.

Kuwaiti Government To Keep Reviewing Subsidies

The government said last November that it would form a special committee to review its sometimes wasteful spending.

Asian workers take a break at Friday Market in Kuwait City

Saudi Arabia Signs Labour Deal With Sri Lanka

The deal provides Sri Lankan domestic workers in the Kingdom the right to retain their travel documents.

Dubai’s Arabtec Wins $705m Abu Dhabi Contract

The project on Al Reem Island will house a five-star hotel and a residential tower, and will be built within three years.

German Diplomats Survive Shooting Attack In Saudi Arabia

The incident took place in the town of Awamiya on Monday evening.

UAE Sees Keen Interest For Largest Oilfields On Revised Terms

Several companies are interested in joining the project with revised terms, UAE’s oil minister Suhail bin Mohammed al-Mazroui said.

Godolphin Door Permanently Shut For Tainted Trainer, Zarooni

The British Horseracing Authority (BHA) banned Zarooni for eight years after finding him guilty of administering anabolic steroids.

Dubai’s Drydocks World Signs $730m North Sea Rig Deal

The order was part of a package of contracts which could be worth a total of $1.4 billion to Drydocks by the third quarter, its chairman said.

Etihad Chief Says Will Not Be Rushed On Alitalia Decision

Alitalia is in talks with Etihad to sell the UAE carrier a large stake.

UAE PM Says Treatment Of Jailed American Was Unsatisfactory

Shezanne Cassim was detained in April and sentenced to a year in prison for making a 20-minute “mockumentary”.

Saudi Arabia Replaces Public Sector Expat Workers

All jobs previously occupied by expats will be considered vacant until qualified Saudi citizens can fill them, the ministry said.

Ajman Luxury Resort To Open February 1

Starwood will seek to attract well-heeled leisure guests to the less-developed emirate

GCC Mulls Common Water, Power Policy

Authorities are looking to reduce power and water consumption rates in the GCC, which are the highest in the world.

Abu Dhabi Gears Up To Enforce New Shisha Café Rules

Violators face two years in prison and a fine of up to Dhs1 million.

Abu Dhabi’s Inflation Rate Rises 1.3% In 2013

Food and non-alcoholic beverages accounted for the largest rise in the emirate’s consumer price index, rising 25.9 per cent last year.