Damac Raises $348m In London Share Sale

The Dubai developer is now valued at $2.65 billion.

Pictures: UAE National Day Celebrations

The 42nd National Day of the UAE was marked with fireworks and parades.

Kuwait Airways To Buy 25 New Airbus Jets

The airline did not disclose the value of the agreement or give details about the type of aircraft.

Bahrain PM’s Role In Disputed Aluminium Deals Probed At UK Trial

Businessman Victor Dahdaleh is on trial accused of paying some $67 million in bribes to former Alba managers.

MERS Virus Kills One In UAE, Infects Family

A 32-year-old woman in Abu Dhabi infected with the virus has died; her husband and son are also diagnosed with MERS.

Bahrain Court Rejects Jailed Activist’s Request For Release

Nabeel Rajab was sentenced in 2012 to two years in prison for cases related to organising and participating in protests.

Etisalat May Revive Talks To Sell Sudanese Unit To Zain

Prior negotiations between the two telcos collapsed around the start of 2013, according to sources.

Majority Of UAE NRIs Send Money Home – Survey

Up to 85 per cent of non-resident Indians in the UAE remit their salaries, revealed a survey by Friends Provident.

Dubai’s Ruler: No Excuse For Delays After Expo 2020 Win

Sheikh Mohammed urges nation to accelerate growth and warns against complacency during his address on the UAE’s 42nd National Day.

Bahrain’s Ibdar Bank Eyes Larger Deals After Three-Way Merger

Ibdar was launched as a brand on Monday following the merger of Capivest, Elaf Bank and Capital Management House.

Saudis Have Few Options As They Push Tougher Foreign Policy

Upset with the US, senior Saudis are considering strategic relations with other world powers.

Iran Says Seeks Better Cooperation With Saudi Arabia

Iran’s foreign minister said that the nuclear deal reached in Geneva on Nov. 24 should not be seen as a threat.

5 Tips On Using Facebook For Small Businesses

Jonathan Labin, head of Middle East, Africa & Pakistan, Facebook writes about how small business can leverage the reach of Facebook for returns.

Zain Wants To Keep Majority Control Of Bahrain Arm After IPO

Zain Bahrain must float 15 per cent of its shares and list on Bahrain’s bourse by year-end.

Kuwait’s Wataniya Names Ex-Batelco Chief As COO

Peter Kaliaropoulos’ appointment follows that of Abdulaziz Fakhroo as the telco’s CEO in March.

UAE President Approves Dhs20bn For Development Projects

Sheikh Khalifa also commended Dubai’s Expo 2020 win during his address on the occasion of the UAE’s 42nd National Day.

Qatar’s Masraf Al Rayan Agrees Terms Of Islamic Bank Of Britain Offer

The bank did not disclose the actual terms of the offer.

Bank Muscat To Recover Pre-Paid Card Fraud Amount

The lender lost $39 million in a global pre-paid card fraud.

Prince Alwaleed’s CFO To Leave Kingdom Holding – Sources

Shadi Sadeek Sanbar has worked with the firm for over eight years and is seen as a close aide of the Saudi billionaire.

Qatar Told To Abolish Kafala System For Players Ahead Of 2022 World Cup

World players’ union FIFPro has said that Qatar must respect international standards for footballers’ contracts.

ACWA-Led Consortium To Finance, Build Saudi Rabigh 2 Power Plant

The project will deliver 2060 megawatts of electricity to SEC under a 20-year agreement

Dubai Has Won The Expo 2020 Bid, What Now?

Dubai’s bid proved successful as expected and the Emirate will host the Expo in 2020 but what happens next?

Emaar Bans Estate Agents From ‘Flipping’ Homes

The Dubai developer has asked property agents not to resell off-plan properties until the unit is completed and handed over

Cyber Security – The Gulf’s Looming Concern

As the Middle East’s tech landscape is challenged by the use of social media and smartphones, experts warn that companies need to be prudent about their online safety policies.

Saudi Arabia, Kuwait Tighten Controls On Clerics

In Kuwait the authorities have resumed the monitoring of sermons.

Looming Budget Crunch Pushes Oman Toward Debt Market

Government spending has been rising rapidly since 2011, when street protests demanding jobs prompted authorities to boost welfare handouts.

Saudi’s Housing Market – The Home Stretch

Property ownership remains a distant dream for many Saudi nationals, writes Syed Hussain.

Expo 2020 Win: Impact On Dubai’s Jobs Market

More than 277,000 jobs are forecast to be created between 2013 and 2021, with around 40 per cent of them in the travel and tourism sector.

MERS Virus Found In Camels In Qatar, Linked To Human Spread

The SARS-like coronavirus has killed almost 40 per cent of the around 170 people so far infected.

The Symbolic Value Of Hosting The Dubai Expo 2020

Dubai’s win signifies a re-wired global economic climate, writes Andrew Scott, professor of economics and deputy dean, London Business School.