Dubai Expo 2020 Win Will Spur Property Market – CBRE

A negative Expo result for Dubai may cause a short-term dip in sentiment levels, added the CBRE report.

Dubai Airport Sees 55m Passengers In First 10 Months of 2013

Passenger traffic through Dubai International Airport rose 15.1 per cent year-on-year in October.

Saudi Hospitality Firm Al-Hokair Plans 2014 IPO

The entertainment and hospitality firm could be valued at about $680-$690 million, sources said.

Dubai’s Arabtec To Increase Target Engineering Stake

The deal will be funded by the proceeds from Arabtec’s recent rights issue.

Saudi Gets Death Sentence For 2004 US Consulate Attack

Another 19 people were convicted on Monday of plotting to hijack a Western airliner.

Iran Deal Stirs Wary Optimism In Dubai

Dozens of ships that line Dubai’s docks make the 12-hour journey across the Strait of Hormuz a few times each month.

Kuwait Airways Chief Suspended Over Jet Airways Plan

Sami al-Nisf was suspended after plans to buy used aircraft despite a government request to stop the deal.

London IPO Of Dubai’s DAMAC 75% Covered

The deal is scheduled to price on Tuesday so that trading can begin on Wednesday.

Citigroup Can’t Block Abu Dhabi Arbitration Over $7.5bn Stake

The case arose from one of Citigroup’s earlier efforts to shore up its capital base.

New Fujairah Grain Silos To Start Operating In Months

The silos will have the capacity to store up to 275,000 tonnes of grain.

Etisalat Fined For Blocking Du’s Promo Texts

The case comes ahead of the launch of mobile number portability next month.

UAE Announces Private Sector Holiday For National Day

Workers who have a one-day weekend will get Saturday, Nov 30 off, while those with a two-day weekend get a holiday on Sunday, Dec 1.

Mubadala, Guinea Sign $5bn Deal For Bauxite, Alumina Refinery

The refinery will have a capacity of two million tonnes per annum.

Dubai Holding Unit Mulls Sale Of German Packager Mauser

The deal is expected to be worth between 1 billion euros ($1.4 billion) and 1.5 billion, sources say.

Second Staybridge Suites Opening In Jeddah

Staybridge Suites Al Andalus Mall will target shop-loving Saudis

Petrofac-Daelim JV Wins $2.1bn Oman Contract

The three-year contract includes engineering, procurement, construction, start-up and commissioning services at a refinery in Sohar.

Dubai’s Ruler Approves 2014 Budget

Government spending next year is estimated to rise by 11 per cent year-on-year, with salaries and wages accounting for 37 per cent of the total.

Halal Products Not Only For Muslims – Expert

Saleh Lootah argued for a single global Halal standard at the Global Islamic Economy Summit.

Rising Tsunami Of Demand For Islamic Finance – Expert

Leaders from the Islamic finance world converged in Dubai for the Global Islamic Economy Summit.

Dubai Retailer MAF Says Egypt Supermarket Deal Talk Fails

MAF was in advanced negotiations to buy Mansour Group’s Metro chain and discount grocery store.

UAE National Day Holidays December 1-2 For Public Sector

Public institutions will have off the Sunday and Monday of next week.

Expo 2020: How Does The Bidding Process Work?

How does a nation and a city put itself forward to be in with a chance of hosting a world expo?

Saudi Electricity Signs SAR1.7bn Deal With GE

The deal will cover maintenance work on 12 gas units at new power plants in Riyadh.

UAE Welcomes Iran’s Nuclear Deal

As per the deal signed on Sunday, Iran will curb its nuclear programme in exchange for initial sanctions relief

72% Of Local Students Plan To Work In The UAE

Half of all transnational expatriates said they want to stay and work in the UAE.

UAE Pay-TV Network OSN Secures Five-Year $200m Facility

The proceeds of the facility will be used to further grow and strengthen its core business, said OSN.

UAE Minister Of Economy: No Risk Of Dubai Expo Bubble

Speaking exclusively to Gulf Business, Sultan Al Mansoori has said winning the World Expo bid will not cause another bubble.

Abraaj Group’s Senior Partner Stefanel Leaves Firm

Matteo Stefanel was head of special situations group, managed accounts and real estate at Dubai-based Abraaj.

US Shale Boom Could Impact GCC In Long-Term

The GCC’s oil and gas producers need to have innovative strategic plans as competition intensifies.

Etisalat Stalls $800m Pakistan Payment Over Property Dispute

An Etisalat consortium bought a 26 per cent stake in PTCL for $2.6 billion in 2005.