Abercrombie & Fitch To Launch In Middle East With MAF

American fashion house will open a Hollister store in Mall of the Emirates in Q3 of this year.

Kingfisher Airlines Loses Rights To Fly To Dubai

The carrier has lost its traffic rights allowing it to fly 21 times a week into the UAE.

UAE’s NBAD Launches $16.6m Uridashi Bond

The 15-year bond will allow NBAD to directly access Japanese retail investors.

Jet Airways Shares Surge On Report Etihad Deal Is Close

Etihad paid $70 million to India’s Jet Airways to buy three pairs of Jet’s slots at London’s Heathrow Airport.

Former Foreign Secretary Miliband Dismisses UK Ratings Downgrade

David Miliband called for investment and innovation, speaking at a conference in Abu Dhabi.

Tennis – Djokovic And Del Potro Go Through In Dubai

Novak Djokovic extends his unbeaten run to 14 matches.

Abu Dhabi Bourse To List Big Private Firms

The new firms will be listed as Tier-2 stock without the need for initial public offerings.

Qatar Hires UBS For Possible $3bn VTB Deal

Qatar’s sovereign wealth fund plans to invest in the Russian state-owned bank.

“Being Global Doesn’t Matter” – Frost & Sullivan

The GIL 2013 event in Dubai highlighted the importance of visionary innovation and megatrends in business.

Oman’s Bank Muscat Hit By $39m Prepaid Card Fraud

The lender said 12 prepaid travel cards were compromised outside of Oman.

Dubai’s DEWA To Print Sukuk This Week, Sets Price Talk

DEWA CEO Saeed Mohammed al-Tayer indicated last week that the sukuk would be $1 billion.

UAE’s NMC Health 2012 Net Profit Jumps 36.5%

NMC’s profit was boosted by higher core business revenues and reduced funding costs.

Dubai Airport Passenger Traffic Up 15% In January

Traffic rose to 5.56 million passengers from 4.85 million a year ago with freight volume also up.

Peru – UAE Exports Rise Record 35 Per Cent

Food and beverages, mining and construction are among the growth sectors.

UAE’s Etihad Rail Gets $1.28bn Loan For Project

The UAE’s national railway network will span 1,200 kilometres and form part of the planned Gulf-wide railway network.

Qatar Telecom Rebrands As Ooredoo

All operations in which Qtel owns a controlling interest will rebranded under the new name.

Abu Dhabi Royal Scraps Agreement For $45bn Pakistan Property Project

Sheikh Nahayan bin Mubarak has cancelled the deal less than two weeks after it was signed.

Barca Extend Etisalat Sponsorship Deal To June 2017

The deal confirms Etisalat as FC Barcelona’s main sponsor in UAE, Nigeria, Ivory Coast, Benin, Togo, Niger, Gabon and the Central African Republic.

Dubai Fund ICD In Talks For Islamic Bond

Investment Corporation of Dubai, which controls some of Dubai’s top companies, expects to complete a deal this year.

GCC Food Consumption To Hit $106bn By 2018

Food is the largest segment of consumer expenditure in the region and stood at $83 billion year-end 2012, says new report.

Exclusive: Aujan To Expand Into Asia, Africa

The Saudi-based juice manufacturer, which signed a $1 billion deal with Coca-Cola in 2011, plans to launch Rani and Barbican brands in international markets.

Oman Seeks Consolidation In Financial Sector

There are now 18 banks in the sultanate after last year’s merger between the local business of HSBC Holdings and Oman International Bank.

QNB Bid For 100% Of Soc Gen Approved

Qatar National Bank had planned to buy 77 per cent of National Societe Generale Bank last year.

Etisalat Picks Banks For $6bn Maroc Telecom Stake

Etisalat is talking to banks about a syndicated loan of up to $8 billion to finance the potential transaction.

Arqaam Hires Ex-Credit Suisse Banker To Head Equity Sales

Wafik Nsouli will take charge as executive director and head of institutional equity sales

UAE’s Tabreed To Issue Bonds To Mubadala As Dividend

The Dubai-listed company has proposed to pay a cash dividend of 5 fils per share to its shareholders.

The Race For Renewable Energy

Greater investments in sustainability are urgently required, say experts.

Emirates LNG Leases Land For UAE Gas Import Terminal

Once complete, the facility will have the capacity to import nine million tons per annum of LNG.

Emaar Shares Hit 51-Month High Ahead Of Dividends

The Dubai developer’s shares jumped 4.6 per cent to hit Dhs5.15, its highest close since November 2008.

Industries Qatar Q4 Net Misses Forecasts

The Gulf’s second-largest chemical producer made a net profit of 1.8 billion riyals ($494.4 million) for the fourth quarter.