Qatar Airways Interested In Czech Airlines

Czech Airlines, a member of the Sky Team alliance, lost $12.10 million last year.

Cigarette Caused Tamweel Tower Dubai Fire

A police report says a cigarette was to blame for causing the fire in Jumeriah Lakes Towers.

UAE’s NMC Unit Signs Deal With Indian Food Producer

Under the agreement, NMC Trading will introduce Radikal’s Basmati rice to the UAE market.

UAE Nov Business Activity Edges Down To 3-Month Low

The surge in new orders reduced in November, according to the HSBC UAE Purchasing Managers’ Index.

Bahrain Economy Recovers And Grows In Q3

The annual GDP rise of 3.1 per cent was mainly due to non-oil economic activities.

Dubai’s New Airport Complex Sees Dhs1.5bn Private Investment

Development in Dubai World Central is progressing rapidly with business jet operations set to launch in 2013.

Prince Alwaleed Backs Fines For Expat Firms

The new policy means companies will be fined if less than 50 per cent of their workforce is made up of Saudi nationals.

UAE Submits Official Bid To Host World Expo 2020

Dubai is competing against four other cities to host the major world event.

TAQA, GIB To Price Bonds In Late-Year Gulf Flurry

Abu Dhabi National Energy Co (TAQA) has $1.75 billion in bond maturities next year.

Qatar Reduces NYSE’s Stake In Local Bourse

Qatar Holding now owns 88 per cent of the bourse, with NYSE Euronext holding the remaining 12 per cent.

UAE Authorities To Help Clear Emiratis Debts

New scheme means loan repayments by citizens will not exceed 50 per cent of their monthly salaries.

Kingdom Holding To Sell NY Plaza For $32.9m Profit

Sahara India Pariwar completed its purchase of a 75 per cent stake in the Plaza for $575 million.

Goldman Hires Barclays Banker For Saudi Business

The Saudi national will take up the role of co-chief exectuive and head of investment.

Qatar Airways Upgrades Airbus A350 Order

Qatar Airways is the launch customer for the future A350.

Kuwait’s Government Resigns For New Cabinet

Emir Sheikh Sabah al-Ahmad al-Sabah said the new parliament would convene on December 16.

Saudi To Invest Over $133bn In Power Investment

Power consumption rose by nine per cent in the first half of 2012.

Top 10 Expensive Homes In The UAE

The most highly priced properties for sale on UAE’s market.

Saudi F-15 Jet Crashes On Training Mission, Pilot Missing

The defense ministry said the jet went down in Saudi waters and that authorities were investigating the cause of the crash.

Samoa Win The Emirates Airline Dubai Rugby Sevens

The Pacific Islanders win their first stage event on the World Series.

Pictures: UAE National Day Celebrations In Dubai

A gallery showcasing the celebrations of the 41st UAE National Day in Dubai on December 2, 2012.

Batelco To Buy $1bn Of CWC Assets

The deal includes assets in Monaco, Maldives, the Seychelles and Channel Islands.

Kuwait Telco Zain Appoints Ex-Wataniya Chief As CEO

Scott Gegenheimer resigned from telecom operator Wataniya six months ago.

Saudi’s Maaden Signs $260m Deals With US Firms

The contracts will develop an industrial city in the north of KSA as it looks to develop its mining industry.

Five Companies Bid For New SABIC Plastic Plant

The plant is expected to require an investment of nearly $400 million.

Kim Kardashian Brings Out Fans, Islamists And Police In Bahrain

The US TV celebrity was in the Gulf state to launch a milkshake franchise.

Saudi Mobily In 10% Bonus Share Issue

Each shareholder will receive one new bonus share for every 10 held.

Merck Serono To Produce Medicines In UAE

The German pharmaceutical firm will produce two products in Abu Dhabi.

Qatar To Invest $20bn In Solar Energy Plant

The gas-rich state has so far disappointed environmentalists by failing to reduce emissions.

Qatar’s Window Of Opportunity

Qatar’s billion-dollar infrastructure programme is set to provide investors with unprecedented options — eventually.

Bahrain’s Gulf Air CEO Resigns

Samer Majali will remain in his job until the end of 2012; no reasons have been given.