ADNOC, Masdar JV Launch First Carbon Capture Project

The project will allow the UAE to preserve its natural gas for domestic electricity generation.

UAE To Send $10m To Typhoon-Hit Philippines

Typhoon Haiyan has left an estimated 10,000 people dead and four million affected after it hit land on Friday.

Oman’s First MERS-Coronavirus Sufferer Dies In Hospital

Qatar, Saudi Arabia and the United Arab Emirates last week reported four other people who had been admitted to hospital with the disease.

Kuwait To Review $16bn Annual Subsidies

Kuwaiti ministers have warned that state expenditures will exceed oil revenues within a few years if spending keeps rising at the current rate.

Bahrain Jails Four For Car Bomb Outside Mosque

Several vehicles were destroyed but no one was hurt in the explosion outside a Sunni Muslim mosque in al-Riffa.

Exclusive Interview: Jon Williams, MD, Al-Futtaim Motors

Al-Futtaim Motors has been the regional partner of Toyota vehicles for almost 60 years with the Toyota Camry almost exclusively used by Dubai’s taxi fleets.

UK Eyes Further Kuwaiti Investments

London Mayor Boris Johnson hopes to attract greater Kuwaiti investments to the UK.

Oman Oil Minister Slams Gulf Culture Of Energy Subsidies

Mohammed bin Hamad Al Rumhy said a signal needs to be sent to ‘the pockets of the public’.

Veteran Gulf Banker Plans Investment Bank In Dubai

Emad Mansour was recently the chief executive of Doha-based Qatar First Bank.

TAQA In $240m Deal To Sell Dutch Pipeline Stake

The sale of the stake in Noordgastransport B.V. (NGT) to pension fund PensionDanmark A/S is expected to close in 2013.

Wizz Air Offers Dubai Passengers Priority Boarding

The service costs an additional €10 per flight on services to Kiev, Sofia, Budapest and Bucharest.

Two Dead, 68 Injured In Saudi Clashes

Security forces in riot gear fired into the air and used truncheons to disperse large crowds in the Manfuhah neighbourhood of southern Riyadh.

Fifa Rules Out Co-Hosting 2022 World Cup

Sepp Blatter also ruled out holding the Qatar tournament in January-February out of respect for the Winter Olympics.

Kuwait Expects OPEC To Keep Crude Output Target Unchanged

Kuwait is currently producing 2.9 million barrels per day of oil and had the capacity to produce 3.2 million bpd.

Etisalat In $400m Loan Tussle With Stan Chart, Citigroup

Standard Chartered has around $300 million exposure on the loan, while Citi has the rest.

Saudis Unconvinced By Kerry’s Show Of U.S. Goodwill

Saudi leaders fear President Barack Obama’s administration has stopped listening to its Arab ally.

Dubai Receives 7.9 Million Visitors In 9 Months

Saudi Arabia continued to be Dubai’s primary source market, recording a 31.6 per cent rise in visitor numbers.

Ivory Coast Nears Completion Of LNG Deal With Qatar

Ivory Coast announced plans in March to build a regasification and storage unit.

Cobone Rebrands Its Travel Arm As Triperna

Cobone is looking to tap into the Gulf’s booming online travel industry by offering greater features.

Accor Opens Fifth Novotel In UAE

The 466-room property will target ‘new Dubai’ businesses as well as value-seeking business travelers.

Aldar Properties Nearly Doubles Q3 Profit

The Abu Dhabi builder made a profit of Dhs407.5 million compared with Dhs205.7 million in the corresponding period of 2012.

Aluminium Bahrain Returns To Q3 Profit

Alba’s income was boosted by a seven per cent increase in sales to 183.3 million dinars, with strong demand from Saudi Arabia.

Qatari Fund Invests In BlackBerry Debt Offer

The smartphone maker abandoned plans on Monday to sell itself sparking a 16 per cent drop in its share price.

Revealed: Top 5 Companies In Qatar 2013

The biggest businesses in Qatar, valued by market capital.

Emirates Investment Bank Reports 111% Q3 Profit Rise

The bank also reported a year to date net profit rise of 33 per cent on the same nine-month period last year.

Dubai Airshow Preview

Set in the new Al Maktoum International Airport, Dubai’s Airshow is set to be bigger than ever.

New Qatar Emir Takes Aim At Inflation, Corruption

Sheikh Tamim bin Hamad al-Thani showed sensitivity to issues that could become politically controversial in the tiny but wealthy state.

Two Saudi Healthcare Firms Plan IPOs As Demand Booms

Sulaiman Al-Habib Medical Group has appointed the investment banking arm of Banque Saudi Fransi to assist with the sale.

Flydubai Secures $228m Loan To Finance Six Jets

The financing is for six Boeing 737-800 aircraft three of which are scheduled to be delivered in the second half of 2014.

Saudis Round Up Thousands Of Illegal Immigrants

The government hopes that reducing the number of illegal workers will create opportunities for Saudi job-seekers.