Animal Kingdom Wins $10 Million Dubai World Cup

Last year’s winner Monterosso, from the Dubai Godolphin stable, was pulled out of the race earlier in the day.

Saudi Arabia May Try To End Anonymity For Twitter Users

Access to the networking site may be restricted to people who register their identification documents, say reports.

10 UAE Start-Ups To Watch

Start-ups are sprouting up across the country and speedily gaining access to investor support.

Saudi Arabia To Allow Women’s Sports Clubs

Until now women’s exercise facilities have had to be licensed by the Health Ministry and designated as “health centres”.

Hayya Card holders can enter Qatar until January 2024

Qatari Investors To Buy 100% Of Printemps

Borletti and RREEF bought Printemps in 2006 from French luxury group PPR for 1.1 billion euros ($1.41 billion).

Dubai Gears Up For Next, More Modest Boom

Authorities expect a 50 per cent population growth by 2020 but financing issues are likely to moderate the boom.

Saudi’s Illegal Immigrants Draw Fear Of “Infiltrators”

Many illegal immigrants have now lived in the Kingdom for decades, prompting government officials to speak of a “humanitarian crisis”

Kuwaiti Telco Wataniya Appoints New CEO

Abdulaziz Fakhroo replaces Bassam Hannoun becoming the telco’s third chief executive in less than a year.

Leeds Football Club Sell Stake To Bahrain Bank

International Investment Bank’s chief executive, Aabed Al-Zeera, will join the Leeds City Holdings Limited.

Qatar’s QInvest Plans Range Of Islamic Funds On New Platform

The investment bank plans to launch at least 30 Islamic funds over the next three years

Dubai Airport Now Ranks As World’s Second Busiest

Dubai International Airport is now second only to London Heathrow after passenger traffic rose 13 per cent to 10.6 million in the first two months of 2013.

Damac’s Paramount Pictures Development Sells Out

Phase one of the serviced apartments are all gone with phase two to go on sale in April.

UAE Central Bank Agrees On Mortgage Caps

The bank has given initial approval to a proposal by the country’s commercial banks on setting limits for residential mortgage loans.

UAE President Sheikh Khalifa To Visit The UK Next Month

This is the UAE’s first state visit to the United Kingdom since 1989.

Kuwait 10-Month Budget Surplus At $60.5bn

Robust oil income and lower-than-expected public spending boosted the surplus.

UAE Approves $400m Loan To Serbia, Eyes Airline Deal

Etihad airline may become a strategic partner of Belgrade’s loss-making JAT Airways.

UAE Man 11th Victim Of New Virus, Says WHO

Seventeen cases have been announced since the WHO issued an alert for the “novel Coronavirus” in September last year.

Oman Signs Oil, Gas Exploration Deal With US PetroTel

Under the agreement the company will explore for oil and natural gas in Blocks 39 and 67.

Dubai’s Deira City Centre Announces Dhs22m Redevelopment

New developments planned at the mall include easier Metro access and improved food court facilities.

Emirates-Qantas Deal Proves Dubai Airline Is “Big Power Broker”

The deal has just received conditional approval from Australia’s regulatory body.

Saudi Customs Thwart Big Fuel Smuggling Bid From Gulf Port

Smugglers were aiming to ship over 3,260 metric tonnes of refined petroleum products out of the country.

Arab Leaders Set Up $1bn Fund For Jerusalem

Qatar’s emir, Sheikh Hamad bin Khalifa Al-Thani, said his country will contribute $250 million to the fund.

Australian Regulator Gives Qantas-Emirates Alliance Conditional Approval

The Australian Competition and Consumer Commission said the airlines had to maintain at least their pre-alliance capacity on routes between Australia and New Zealand

Abercrombie & Fitch Joins Hollister In Dubai

The American fashion label will launch its first Middle East store in the emirate in 2014.

10 Facts About Dubai World Cup 2013

The world’s richest horse race will take place in Dubai on Saturday, March 30.

Former Deyaar CEO Shahin Sentenced To 15 Years In Dubai Prison

Zack Shahin has been convicted of embezzling Dhs30 million along with the three other men.

Egypt To Apply Gains Tax In QNB Bid For NSGB

Individual shareholders and investment funds holding minority stakes in NSGB will have to pay a 10 per cent tax on their gains.

UAE’s Mulk Holdings To Build $10m Aluminium Plant In India

The facility is part of the company’s expansion strategy and is expected to generate over 2,000 jobs in India.

Intercontinental’s Crowne Plaza Chosen For Oman Convention Centre

Three more hotels are due to open on site, a five-star property, another four-star hotel and a three-star hotel and apartments.

Dubai’s Atlantis Operator Kerzner Signs $145m Loan Refinancing

Kerzner sold its stake in Dubai’s Atlantis resort to state-owned Istithmar World for $250 million.