Two More Die In Saudi From MERS Coronavirus

The Kingdom’s health ministry said another three people had been confirmed as being infected with MERS.

Egypt’s Central Bank Governor Flies To Abu Dhabi

The UAE pledged $3 billion in aid for Egypt in 2011 that has yet to be delivered.

QE2 To Become Luxury Hotel In Asia

Dubai World’s investment arm Istithmar bought the vessel from Cunard for $100 million back in 2007.

Camelicious First Camel Milk Brand To Ship To Europe

EICMP has said it will focus on the European B2B market, targeting the pharmaceutical, cosmetic, sport and nutritional fields.

Bahrain Bomb Kills One Policeman – Interior Ministry

The bomb exploded as police were securing an area in the Shi’ite town of Sitra, killing one and injuring two other policemen.

Etihad Nears Deal To Invest In JAT Airways

Last month the Abu Dhabi carrier and JAT signed a preliminary agreement over a possible equity investment.

WHO Sets Up Emergency Committee On MERS Virus

Most of the cases of MERS have been in Saudi Arabia, with 40 people killed so far.

QNB Names Finance Minister As Board Chairman

Emadi was appointed finance minister only recently following a cabinet reshuffle after the ascension of Sheikh Tamim bin Hamad al-Thani as Emir of Qatar.

Qatar Property Firms Struggle Amid Construction Boom

Despite an abundance of construction projects in Qatar, local real estate developers constitute a fraction of those benefitting from the boom.

A Time For Regulation

The Mena region’s approach to alternative energy infrastructure is fragmented and needs work to foster new technology.

UAE, Kuwait Congratulate Egypt’s Mansour After Mursi Overthrow

Kuwait’s ruler Sheikh Sabah al-Ahmad al-Sabah congratulated Egypt’s interim president and people.

Dubai’s Al Sufouh Tram Project Gearing Up For Nov 2014 Start

The Roads and Transport Authority plans to sign MoUs for the tram project within the next few months.

Solid Q2 Earnings Seen For Saudi Banks, Petrochemicals

The two sectors together account for over half of the Saudi market’s capitalisation.

GCC States Welcome Ouster Of Egypt’s President Mursi

Saudi’s King Abdullah and the UAE government have sent congratulations to Adli Mansour, who had been appointed as interim head of state.

Qatar’s New Wealth Fund Boss Expected To Continue Global Buying Spree

Ahmad al-Sayed has replaced former Qatari PM Sheikh Hamad bin Jassim al-Thani as CEO at Qatar Investment Authority.

GCC Hospitality Market Records Strong Q1 Performance

Events and established tourist attractions sustain robust performance in the hospitality sector for some Middle East cities.

Dubai Plans New ‘Mini World Park’, Central Library

Dubai’s ruler Sheikh Mohammed has approved a host of new projects to be undertaken by the Dubai Municipality.

Saudi Grand Mufti Urges Egyptians To Avoid Bloodshed

Sheikh Abdulaziz Al al-Sheikh urged Egypt’s opposing sides to meet to find a solution to the crisis.

Embassies, Businessmen, Workers Welcome Extended Saudi Amnesty

The Saudi government has given a four-month extension to an amnesty for foreign workers with visa violations

India’s BSE Launches Futures Trading On Dubai Bourse

Under an agreement with Indian bourse BSE derivatives exchange DGCX started trading futures for the S&P BSE SENSEX.

Exclusive Interview: GEMS Chairman Sunny Varkey Talks Profits And Philanthropy

In a rare interview, the founder of the world’s largest private schools company takes on his critics, and reveals his ambition to save the world from bad education.

Former Qatari PM Replaced As Head Of Sovereign Wealth Fund

Ahmed al-Sayed has now been appointed chief executive of Qatar Investment Authority

UAE Jails 61 For Coup Plot, Says Trial Was “Transparent And Fair”

Eight men were sentenced in absentia to 15 years in prison, 56 were jailed for 10 years and five for seven years.

Bahrain To Study Restrictions On VoIP Services

Since the Arab Spring several Gulf governments have pushed for greater control of VoIP and other hard-to-trace communication tools.

Dubai Court Upholds Prison Sentence For Britons On Drug Trial

An appeals court has upheld the four-year sentence handed down to Grant Cameron, Karl Williams and Suneet Jeerh in April on drug charges.

Damac Launches Serviced Villas With Paramount

The new project will be situated alongside the Trump golf course within the new Akoya development.

UAE Among Top 15 Most Attractive Global FDI Nations

Solid infrastructure and investor friendly policies have helped the country move up in a global FDI rankings list.

Saudi Arabia Extends Foreign Worker Amnesty To November 3

The Kingdom began a stringent crackdown on illegal foreign workers earlier this year.

UAE To Invest $25bn On Gas Projects Over Next Five Years

The country plans to explore new gas fields and increase gas output.

Qatar’s Nakilat Signs $662m Islamic Refinancing Deal

LNG shipper Maran Nakilat will use the proceeds to expand its LNG carrier fleet.