Raising GCC’s Gas Prices Will Prevent Shortage – Experts

The GCC region will face gas shortage by 2015 owing to a demand-supply imbalance, according to a new report.

Emirates Plans To More Than Double U.S. Destinations

Emirates plans to add as many as three new U.S. city destinations in the next 12 months.

Saudi Reports Eight New MERS Coronavirus Cases

A total of 49 people have died from the virus so far, according to WHO.

Mont Blanc Offers Exclusive Dhs4.2m Ruby Pen In Abu Dhabi

The Ruby Fountain Pen is available for sale at the luxury brand’s posh boutique located in Abu Dhabi’s new Galleria mall.

UAE To Be Insulated From Rupee Slide Effects

Despite a surge in capital outflow, the rupee slide will not significantly damage the UAE economy.

REVEALED: The Best Restaurants In Dubai

Dubai’s best restaurants as ranked by the What’s On Black Hat Guide 2013.

Vogue To Launch Fashion Event In Dubai

The ‘Vogue Fashion Dubai Experience’ will be held on October 10 at The Dubai Mall.

Gulf Markets Rebound As Margin Selling Eases

Dubai’s index was down as much as 7.5 per cent in the morning on concerns of a possible escalation of Syria’s civil war.

Dubai Passenger Traffic Tops 5.3m In July

The Middle East’s leading airport is comfortably on track to surpass last year’s total of 57 million.

Dubai Stock Market Plummets 6% In 15 Minutes

The DFM crashes for a second day in a row as a U.S. strike on Syria looks more likely.

Dubai Court Dismisses Kuwaiti Sheikh’s $21m Claim Against UBS

The Sheikh claimed he helped the bank become lead arranger on a $9 billion asset sale by Kuwaiti telecom operator Zain.

Should You Pull Out From Dubai’s Stock Market?

The Dubai Financial Market dropped seven per cent on Tuesday following reports of a possible Western strike in Syria.

UAE-France JV Wins $1.6bn Oil Field Project In Abu Dhabi

A consortium of National Petroleum Construction Company (NPCC) and France’s Technip will develop the Umm Lulu field.

Dubai’s Depa Reports Net Profit Of Dhs33m

The MENA business reported revenues for the first half of the year were up 22 per cent on last year at Dhs1.01 billion.

Oman Signs MoU To Import Iranian Gas

The two nations have signed a 25-year deal valued at around $60 billion.

First Look Pictures: The Galleria, Abu Dhabi’s New Luxury Mall

The luxurious destination features 100 retail and high-end F&B outlets spread across 33,000 sq metres.

Consumer Confidence In UAE Hits Record High

Kuwait is deemed the most optimistic country in the GCC, while Lebanon and Egypt bring the Middle East average down.

Dubai Bourse Drops Most Since 2009 Debt Crisis

The Syrian chemical weapons crisis has sparked fear among Dubai investors.

Emirates To Be First Gulf Carrier To Serve Taipei

Emirates will be keen to connect passengers across its global network, particularly in Europe and Africa.

UAE Government Suspends Fujairah Quarry

The quarry in the Al Taween area will not be allowed to reopen until its violations are rectified, a ministry official has said.

Nakheel To Build Shopping Centre For Al Furjan Residents

A construction timeline for the proposed 30,000 square metre retail facility is yet to be announced.

Abu Dhabi Appoints Board For New Financial Free Zone

The zone is seen as a challenge to neighbouring city state Dubai, which is the top financial centre in the region.

Abu Dhabi’s TAQA May Shelve $12bn Turkey Power Project

TAQA said it had decided to defer the investment decision in Afsin-Elbistan until 2014.

Dubai Aerospace In Talks To Merge Assets With BBA Aviation

BBA was holding talks with its U.S. rival StandardAero over a $4.2 billion tie-up.

Saudi British Bank Plans Sukuk Sale

HSBC is advising SABB on the potential riyal-denominated sukuk issue to boost its Tier 2 capital position.

Dubai To Home New Fifa Approved Football Complex

The new facilities will include outdoor pitches and four indoor, air-conditioned pitches.

Saudi Arabia Buys 720,000 Tonnes Hard Wheat

The accepted origins are from the European Union, North and South America and Australia.

World’s Largest Holiday Inn To Open In Saudi’s Makkah

The 1,238-room Holiday Inn Makkah is slated for completion in 2016.

Increased Job Creation Leads To Rental Hikes In Dubai

Rents rose by 11.3 per cent across Dubai during the first half of 2013, says a Cluttons report.

Oman’s Qaboos Visits Iran, US-Tehran Mediation In Focus

The Sultan’s visit is the first by a foreign leader since moderate President Hassan Rouhani took office in early August.