Dana Gas Third-Quarter Net Profit Dips

Gross revenues for the third quarter were Dhs623 million, up 21 per cent from Dhs512 million a year ago.

Dubai’s Arabtec Forms New South Korean Joint Venture

The partnership will pursue and perform large scale infrastructure projects like metro, railway, bridge, port and tunnel projects.

Vettel Wins Abu Dhabi Grand Prix

The Red Bull driver dominated from start to finish at the Yas Marina circuit, securing his 11th win of the season.

Bahrain Charges Top Opposition Leader

Sheikh Ali Salman was released on Sunday after five hours of interrogation about an opposition display.

Kuwaiti Woman Arrested For Driving In Saudi Arabia

Kuwaiti women are free to drive in their country and enjoy far more rights than those in Saudi Arabia.

Rolls-Royce ME To Unveil World Exclusive ‘Chicane’ Edition

The luxury car maker will unveil the one-of-a-kind Phantom Coupe at the Dubai Motor Show this week.

Etisalat Launches iPhone 5S In UAE November 3

Etisalat is running a trade-in option, allowing its customers to exchange their old iPhone 5 or 4S devices for discounted rates on the new range.

IDB To Launch $10bn Islamic Bond Programme In Dubai

Dubai’s exchanges have so far listed $12.5 billion of sukuk and the total is expected to reach $16 billion by year-end.

Kuwaiti MP To Question Prime Minister Over Housing

Housing is the most pressing issue for Kuwaitis who say they have to wait up to 20 years for a government-subsidised home.

Four People Injured In Saudi Prison Fire, Riots

Two inmates were admitted to hospital for alleged gunshot wounds while firefighters put out the blaze.

WHO Confirms Four More Cases Of Middle East Virus

The four new cases bring the number of people worldwide struck by the MERS virus to 149, of which 63 have died.

Etihad Airways Suspends Libya Flights For Security Reasons

The Abu Dhabi carrier suspended flights on Thursday after an assessment of the ‘exiting situation’ at Tripoli airport.

NBAD Eyes Emerging Markets For Growth – CEO

The UAE lender plans to set up eight banking hubs in major cities and five franchises in key markets.

Tale Of The Tumbling Rupee

A rise in capital outflow and a rise in Indian import taxes will bite the UAE.

Dubai Land Department Chief: “I Don’t Believe There’s A Bubble Forming”

Dubai’s housing market is rebounding strongly, with prices up over 20 per cent in the last 12 months.

UAE Expats Feel The Pinch Of Rising Cost Of Living

UAE expats have one of the lowest levels of disposable income in the world despite higher salaries.

Dubai Named Global Property Investment Hotspot

Dubai’s property investors have been seeing a net yield of six per cent in just Q3 2013.

Gulf’s Tech Market “White Open Field” – Dell President

Marius Haas, president of Enterprise Solutions at Dell, spoke exclusively to Gulf Business at Gitex Technology Week 2013.

S&P Dow Jones To Upgrade UAE, Qatar To Emerging Market Status

The UAE’s current foreign ownership limit of 49 per cent is satisfactory and there is an expectation that it will be relaxed in coming years.

Du CEO: Telecom Network Sharing Deal At Impasse

Osman Sultan voiced frustration at the impasse more than four years after talks between the companies began.

Qatar Fund Builds Small Stakes In BofA, Samsung

The fund has a stake worth about $1 billion in Bank of America, while its Samsung stake is worth between $200-$300 million.

Mashreq Posts 34% Profit Rise

The lender reported profit of Dhs1.3 billion for the first three quarters compared to Dhs970 million in the same period last year.

Etihad-Air Berlin Tie Up “Has Room To Improve”

Munich Airport’s president and CEO flew into the UAE to see how it can attract more passengers.

Property Mortgage Caps Encourage ‘Responsible Lending’

The government’s latest regulation highlights the importance of responsible financing and purges the overactive mortgage providers.

UNB’s Q3 Net Profit Falls 15%, Misses Forecasts

Net profit for the first nine months of this year fell to Dhs1.44 billion from Dhs1.47 billion in the prior-year period.

UAE Plans Islamic Finance Authority Backed By Legislation

A centralised approach to supervising Islamic finance is increasingly being adopted around the globe.

Ooredoo’s Third-Quarter Profit Plunges 58%

Analysts polled by Reuters had expected only a 12 per cent drop in Ooredoo’s third-quarter profit.

Du Reports Q3 Profit Rise Of 45%

Du made a net profit of Dhs474.3 million in the three months to September 30, up from Dhs326.9 million in the year-earlier period.

UAE Central Bank Watching House Prices, Sees No Bubble

Dubai’s house prices have risen over 20 per cent in the last 12 months.

Oman To Launch $15bn Rail Construction In Q4 2014

The state-funded rail network would link the desert town of Buraimi, bordering the United Arab Emirates, to six major settlements in Oman.