F1’s Raikkonen Wins Thrilling Abu Dhabi GP

Ferrari’s Fernando Alonso fails to regain the championship lead from title rival Sebastian Vettel.

Abu Dhabi Loses Its World’s Biggest SWF Crown

Norway’s Government Pension Fund Global has beaten the emirate to the top spot with assets worth $656.2 billion.

Saudi’s Almarai To Issue Private Sukuk

The dairy company raised SAR1 billion through the first tranche of a Sukuk in March this year.

Riyadh Blast Estimated To Cost Over $80m

Atleast 22 people were killed and over 130 were injured in a gas tanker explosion in Riyadh on Thursday.

Dubai Islamic Bank’s Q3 Profit Flat

DIB’s quarterly net profit remains flat despite a jump in provisions with impairments worth Dhs309 million.

UAE’s ADCB, Banco Santander In Tie-Up

The two banks signed a partnership agreement to cooperate in trade and project finance.

Dubai’s Canal Extension Project To Begin Next Year

Project contracts will be awarded by end of 2012, the Roads and Transport Authority has said.

Guinea And UAE Sign Bauxite Supply Deal

The deal, signed with UAE’s Mubadala, is expected to add $500 million to Guinea’s GDP.

Dubai’s DFM Says Q3 Loss Narrows to Dhs1.7m

Dubai Financial Market said revenue increased 16 per cent during the quarter to Dhs36.8 million.

Saudi Mohammed al-Mojil Group Extends Losses

The troubled Saudi construction company reported a third quarter loss of $9 million.

Review: Fairmont Bab al Bahr

Mainly aimed at business travelers the hotel’s rooms and facilities would easily keep leisure guests entertained too.

Overbanked Qatar Bulks Up For Infrastructure Boom

Local banks will have home-advantage when financing infrastructure projects but smaller assets than international lenders.

ADCB’s Q3 Profit dips 3%, Misses Forecast

Abu Dhabi Commercial Bank posted a net profit of Dhs595 million, as non-interest income declined.

62% Of UAE Cannot Recognise A Phishing Message

Kaspersky Lab report digs up alarming statistics about the UAE’s vulnerability to scam attacks.

UAE’s Dana Gas Misses $1bn Sukuk Deadline

The natural gas firm becomes the country’s first company to fail to repay a bond, also missing a $18.75 million accrued profit payment.

National Bank of Abu Dhabi Cuts 2012 Loan Growth

NBAD now expects lending to grow between four to eight per cent this year, down from its earlier forecast of 10 per cent.

Bahrain Must Lift Ban On All Protests – Amnesty

The government has banned all rallies and gatherings to ensure public safety and prevent violence.

At Least 22 Dead In Riyadh Explosion

Latest TV reports say at least 111 people were injured. Explosion caused by fuel truck crashing.

Union Properties Posts Q3 Profit Of Dhs50m

The Dubai-based developer reported profit of Dhs156 million for the nine months of the year.

UAE’s Tabreed Posts 29% Rise In 9-Month Profit

The Abu Dhabi-based cooling company made a net profit of Dhs167.6 million during the nine months to September 30.

Etihad Postpones Launch To Ethiopia

The Abu Dhabi airline’s application for an operating permit was rejected by Ethiopia’s aviation authority.

Dubai Sees 12.8% Rise In September Passenger Traffic

The airport handled 4.78 million passengers in September 2012.

National Bank of Abu Dhabi Eyes South Korea

NBAD, which opened an office in Shanghai earlier this year, plans to expand its presence in Asia.

UAE Approves 2013 Federal Budget, No Deficit

As per the budget, total spending for the year will be Dhs44.6 billion.

Qatari Draft Media Law Criticised By Rights Group

Human Rights Watch described the law as “a commitment to censorship”.

Etihad Signs Multi Million Deal With Airbus

Abu Dhabi’s flagship carrier has bought two new A330-200s and converted seven A320s into the larger A321.

UAE’s Dana Gas Will Not Repay $920m Sukuk On Maturity

The Sharjah-based gas firm has reached a standstill agreement with bondholders, say sources.

DP World’s Terminal Volumes Drop Slightly

The world’s third-largest port operator recorded a 0.7 per cent year-on-year fall in the third quarter.

Abu Dhabi Islamic Bank Eyes Sukuk Sale

The lender has mandated HSBC, Morgan Stanley, National Bank of Abu Dhabi and Standard Chartered to arrange the roadshows.

Saudi Labour Costs Highest In GCC

Construction labour costs in the Kingdom are 51 per cent higher than in Qatar, says new report.