Kuwait Gives Egypt 5 Years To Repay $2bn Deposit: Egyptian PM

Egypt’s central bank received the $2 billion deposit from Kuwait on Sept. 26.

Qatar Islamic Bank Misses Q3 Forecasts As Profit Drops 12.4%

The bank made a net profit of $94.8 million in the three months to Sept. 30.

Etisalat, Google Partner to Launch Tutorial Videos In UAE

Duroosi tutorial videos will facilitate smart learning through social media tools.

Rents Rise In Dubai’s Cheaper Communities

Communities like International City and Jumeirah Village Circle are seeing a rise in demand.

Abu Dhabi Launches Arabian Nights Village

Authentic desert retreat has no in-room TVs and phones can only be used in an emergency

Saudi PetroRabigh Says Shuts Ethane Cracker After Water Leak

PetroRabigh estimated the financial loss due to the outage at around $22 million.

Apple’s New iPad 5 Expected to Launch In UAE By Year End

The California company is launching the device on October 22 and local retailers say the official UAE launch may take place either by the end of this year or by early 2014.

Four Etihad Executives To Join Jet Board – Reports

Top-table move would take partnership to a new level

Dubai Duty Free Rakes In Dhs4.65bn Sales

Terminal 3 sales alone grew by 17 per cent in the last three quarters, accounting for 63 per cent of total sales turnover.

LIVE: Updates From Gitex 2013

Gulf Business brings you all the news from the region’s biggest ICT event.

Dubai Smart Government Launches Several New Apps During Gitex

The new launches form part of the new Smart City initiative announced by Dubai’s ruler Sheikh Mohammed.

Dubai’s Ruler Announces New ‘Smart City’ Plan

The new plan aims to make government services quick and efficient through the use of hi-tech smart devices.

Oman’s Galfar Engineering Rights Issue 96% Subscribed

The Omani construction company raised OMR13.29 million through the issue.

Arab States Urge Saudi To Keep U.N. Security Council Seat

The Kingdom refused its newly won council seat condemning the UN body’s double standards on the Middle East

EXCLUSIVE: Etihad CEO “We Choose Not To Launch New Aircraft”

The cautious move has paid dividends this year as Etihad escaped 787 and A380 problems.

ENEC CEO Highlights Nuclear Energy Safety On Global Stage

Mohammed Al Hammadi has said the UAE has taken efforts in educating its public about the fundamentals of nuclear energy production.

Fifa U-17 World Cup Kicks Off In The UAE

The host side takes on Honduras at Abu Dhabi’s Sheikh Zayed Stadium on the first day.

Sky News Arabia Has Lost Contact With Crew In Syria

At least 39 journalists were killed and 21 kidnapped in Syria last year by both rebels and government forces.

Potline At Massive Saudi Smelter Shut Down

Repairs at the $10.8 billion facility could stretch well into next year.

Gitex 2013 – What To Expect

The 33rd edition of the region’s largest ICT event is set to be the biggest one yet with a focus on big data, cloud computing and mobile devices.

U.S. Passes Saudi To Become World’s Top Oil Producer

The U.S. has witnessed the fastest expansion in production over a four-year period since a surge in Saudi Arabia’s output from 1970-1974.

Serbia Hopes For Loan Talks With UAE

Last week Belgrade launched measures to trim a budget deficit estimated by the IMF at above seven per cent of output.

The UAE’s Retail Battle

Abu Dhabi is significantly ramping up its retail offering and may even steal market share away from Dubai.

BlackBerry “Still A Leading Smartphone Player In UAE”

BlackBerry is committed to investing in the UAE, writes Nick Horton, managing director for Middle East and North Africa, BlackBerry.

WEF Study Ranks UAE 24th For Human Capital

The UAE’s ranking was boosted by high scores in the education pillar and its ability to retain talent.

80% Of UAE SMEs Planning On Hiring

SMEs in the construction, IT and project management sectors are in the biggest need of new hires.

Britain Exports 50,000 T Barley To Saudi Arabia

Britain exported 42,000 tonnes of barley to Saudi Arabia during the 2012/13 season according to customs data.

Saudi Aramco Ready To Use Unconventional Gas For Power Plant

By unlocking its gas reserves, Saudi Arabia could use the fuel to power its domestic economy and allow more room for oil exports.

S.Korea Signs $5.4bn Currency Swap Deal With UAE

The arrangement lets either country swap 5.8 trillion Korean won for 20 billion dirham, or vice versa.

Dubai Property Projects Need Strong Funding

Expert says buyers should have a long-term perspective in mind when purchasing property, which would make the market more sustainable.