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.

UK’s Taylor Woodrow JV Wins Dhs84m Abu Dhabi Airport Contract

A joint venture between Taylor Woodrow and Abu Dhabi contractor Fibrex will work on the airport’s expansion.

Dubai Airport Passenger Numbers Up 11.4% In February

The emirate’s airport handled 5.1 million passengers in February.

Dedicated Filipino Radio Station Launches In UAE

Arabian Radio Network announce the new 24-hour channel in response to growing demand from Filipino nationals.

Dubai Platform Hosts First Islamic Commodity Trade

The Dhs50 million facility was signed by Noor Islamic Bank and Commercial Bank of Dubai.

Saudi Telecom Appoints Chairman As Acting CEO – Sources

Abdulaziz al-Sugair will take the helm following the imminent departure of CEO Khaled al-Ghoneim.

Dubai’s Trade With Iran Drops 31% In 2012

Two-way trade between Dubai and Iran was roughly Dhs25 billion last year.

Oman’s Bank Dhofar Gets $68m After Court Ruling Overturned

The Omani bank lost a court case in June 2011 against Oman International Bank, Ali Redha Trading and Muttrah Holding.

Saudi Aramco Says Committed To China Refinery Project

Aramco Overseas signed a deal in March 2011 with oil firm PetroChina to build a 200,000 bpd refinery.

Around $100 Per Barrel Is Good Price For Oil – Saudi’s Naimi

Current oil prices will not deter economic growth, says Saudi’s oil minister.

Saudi Electricity Sets Initial Price Guidance For Sukuk

Meetings with fixed income investors are scheduled to conclude in London on Monday, having taken place in the United States last week.

Dubai’s Emirates NBD May Price Tier 2 Bond Monday

The dollar-denominated deal aims to boost the bank’s supplementary capital.

Saudi Mulls Banning WhatsApp, Skype

The Kingdom is reportedly in talks with application operators to ensure that they adhere to regulatory requirements.

Sheikh Mohammed Urges New UAE Cabinet To Work As “One Team”

People of the UAE “deserve the best,” Sheikh Mohammed said at the first meeting of the country’s new cabinet.

Dubai’s Al-Braik Plans $200m Silicon Smelter In Abu Dhabi

The $200 million investment will build two furnaces with combined output capacity of 33,000 tonnes per annum.

Banks To Sign $2bn Saudi Rabigh 2 Loan By End-March

A coalition of seven banks will back the dual-tranche, long-term loan, say sources.

Arabtec Signs Dhs500m Contract In Cairo

The Dubai-based construction company is building a twin-tower project in South Cairo.