Abu Dhabi-Owned Manchester City To Break Even This Season – CEO

The club’s CEO Ferran Soriano also confirmed that they did not breach Financial Fair Play rules in the last two campaigns.

Yemen Hands 29 Qaeda Militants To Saudi Arabia

The Yemeni defence ministry website quoted sources as saying the militants had Saudi nationality.

Independent Entity Needed For Sharia Supervision -Kuwait Central Bank

Kuwait’s central bank governor has called for an independent legal entity to oversee Islamic financial institutions.

Mubadala Says Assessing Options For $1.25bn Bond Maturity

The maturity is part of a $1.75 billion, two-tranche bond which the fund sold in 2009.

Richard Branson’s Advice To Governments: “Throw Staff Parties”

The Virgin Group founder was speaking at the Government Summit in Dubai.

Qatar Introduces Labour Protection Policies Ahead Of FIFA 2022

Workers will be paid electronically, making it easier for authorities to verify that payments are made on time, according to the new charter.

REVEALED: The UAE’s Most Powerful Arabs

The two most powerful Arabs in the UAE both work across diversified sectors.

UAE Launches $1m Competition To Invent Unmanned Drones

The winner of the international competition will be announced in May 2014.

Dubai’s Damac Says Work On Trump Golf Course Proceeding “On Track”

The course is being designed by international golf course architect Gil Hanse.

Bahrain’s Gulf Air To Resume Flights To Tehran Next Month

The airline said it would operate four weekly flights to Tehran, starting from March 3.

Dubai’s Emirates To Ground Planes During Runway Work In May

The airline will ground 19 or 20 planes, Emirates’ president Tim Clark said.

Kuwait Approves $12bn Bids For Clean Fuels Project

The Clean Fuels Project is a specification upgrade and expansion of Kuwait’s largest refineries.

Saudi Arabian Airlines Picks Adviser For Cargo Unit’s Share Sale

A stake in the maintenance subsidiary is expected to be sold to the public before June 2015.

Dubai’s Crown Prince Sheikh Hamdan Launches New 2021 Initiative

Under the new initiative, the government will “compete with the private sector” in terms of the caliber of service it provides.

Dubai Appoints Consultant For Expo 2020 Transport Requirements

The emirate has also hired a consultant for crowd management, confirms RTA chairman.

Abu Dhabi’s IPIC To Triple Emirati Workforce

IPIC will recruit UAE nationals for roles across a number of its projects.

Kuwait Seeks Saudi-Style Law Against Fighting Abroad

Estimations suggest some 1,200 Saudis have joined Islamist militants involved in Syria’s civil war.

Dubai House Prices To Reach Pre-Crisis Levels Next Year

The fast growth has raised concern about the potential of a property market bubble.

JP Morgan Cuts Banking Ties With Emirates NBD

The bank has severed relationships in its cash management business in the Middle East.

UAE Signs Agreement To Develop Intellectual Property Safeguards

The UAE has signed an agreement with the Korean Intellectual Property Office to ramp up its intellectual property protection mechanisms.

UAE-Led Group Expects To Sign $2bn India Power Deal

TAQA plans to take a majority stake in the plants while India’s IDFC Alternatives and PSP Investments will hold minority stakes.

UAE To Use Drones For Government Services

Fingerprint and eye-recognition security systems would be used to protect the drones and their cargo.

Qatar’s CBQ Posts 32.9% Q4 Profit Drop

The bank made a net profit of 300 million riyals for Q4 2013 compared with 447.3 million riyals a year earlier.

Higher Spending Narrows Kuwait Nine-Month Budget Surplus

The IMF has warned that Kuwait’s expenditure could exceed oil revenues as early as 2017.

Qatar’s Qinvest, QIB In Islamic Funds Tie-Up

QInvest is streamlining its operations, focusing on investment banking and asset management business.

Saudi Aramco Asks Firms To Bid Again For Jizan Power Plant

Aramco has re-tendered three of the four construction packages.

US Developer Reef Worlds Plans Underwater Project In Dubai

The new project, called Lost Cities, is expected to be unveiled in early March.

One-Third Of UAE Users Experience Mobile Device Theft – Survey

The majority of phone users in the UAE store important personal and official data on their mobile devices, according to a new survey.

Dubai’s Official Property Site To Auction Units Worth Dhs190m

The third auction from eMart will feature five high-end commercial and residential properties.

Kuwait-Airbus Deal On Track Despite Probe

Kuwait’s parliament voted on Wednesday to investigate all contracts signed by state-owned Kuwait Airways.