Bank Of Sharjah Profits Up 1%

The lender grew its total number of assets by five per cent while its shareholders’ equity dropped by two per cent.

Doha Bank Eyes London Share Sale To Boost Capital

The Qatari lender hopes to increase capital by up to $1.6 billion in 2013.

Abu Dhabi’s TAQA Seeks New Terms For Dutch Gas Transport Tariffs

TAQA has a 60 per cent stake in Netherlands’ 4.1 billion cubic metre Bergermeer storage facility.

Souq.com Receives New Buyer, Naspers Limited

South African media group Naspers has acquired a minority stake in the Middle East e-commerce site, for a rumoured $40 million.

Emirates, Etihad Cancel Flights As Hurricane Sandy Nears

The massive hurricane is expected to hit the US east coast on Monday evening.

Dubai’s Global Village Sees 600,000 Visitors

The entertainment venue, which opened on October 21, saw 260,000 visitors during the first two days of Eid.

Expat-Owned Start-Ups Thriving In UAE

Data from government department, Dubai Internet City and a local awards highlights the success of expat-owned companies.

Over 3.1 Million Pilgrims Perform Hajj

The Saudi government has said that its measures have ensured that pilgrims are safe and secure.

UAE Condemns EU Parliament Over Human Rights Resolution

The EU resolution that criticised the UAE’s human rights record was “biased and prejudiced,” said a senior minister.

TAQA Hires Banks For $2bn Loan Refinancing

The financing will include a three-year and a five-year revolving credit facility.

Will Saudi’s Open Skies Policy Hinder Growth Of Domestic Carriers?

The motion is debated by Saj Ahmad, chief analyst, StrategicAero Research.com and Simon Elsegood, senior analyst, CAPA – Centre for Aviation.

Green Tourism Gains Ground In The UAE

After years of bad headlines, the UAE is beginning to transform itself into a sanctuary for eco-tourism.

Fashion Brand Brioni Opens Shop In Dubai

CEO Francesco Pesci speaks to Gulf Business about the brand’s expansion in the Middle East, its PPR takeover and James Bond.

HSBC Bank Oman 9-Month Profit Drops 4.2% On Provisions

The lender made a net profit of OMR10.57 million in the first nine months of the year.

Apple’s iPad Mini To Reach UAE Before Year-End

Apple’s new smaller tablet is expected to ‘officially’ reach UAE shelves within the next three months, say retailers.

Etisalat Q3 Profit Up 28% After Indonesia Sale

The UAE’s leading operator reported third-quarter net profit of Dhs2.21 bilion and revenue of Dhs8 billion.

Groupon And YaDig Launch Review Partnership

New alliance will see regional website’s reviews published on global giant’s website.

Emir Of Qatar Makes Historic Gaza Visit

Sheikh Hamad bin Khalifa al-Thani denounces Israel’s policies and praises the people of Gaza on first ever visit.

Emaar Reports 4.7% Drop In Q3 Profit

Dubai’s prominent developer reveals slight drop in Q3 revenue and profit, despite rise for January-September.

UAE Salaries To Rise 5% In 2013

About 70 per cent of companies in the GCC are also planning to increase headcount next year, says new survey.

Dubai’s Aramex Q3 Net Profit Rises 11%

The Dubai-based logistics firm reported third-quarter net profit of Dhs53.1 million.

UAE’s Oil Pipeline Fully Open By Year End

The onshore pipeline will carry the majority of Abu Dhabi’s oil exports from storage fields in Fujairah.

Abu Dhabi-Led Group Submits Lowest Bid For Saudi Power Plant

A consortium led by TAQA made the lowest bid for the Rabigh 2 project in the Kingdom.

Dubai’s Tamweel Q3 Profit Falls 46.5%

The mortgage lender saw profits drop on higher provisions and funding costs.

Pilgrims Arrive In Mecca For Haj

Authorities have emphasised the religious occasion is no place for protests over the regional turmoil.

Top 10 Eid Getaways

Gulf Business lists 10 holiday destinations you can reach within five hours by flight from Dubai.

Dubai’s MOE Ranks Among World’s Top 10 Lucrative Malls

Mall of the Emirates earns $1,423 per square foot every year, says new research.

Zain CEO To Step Down As Profits Drop

Third quarter results for the Kuwaiti operator sees profits down as its CEO announces his desire to stand aside early next year.

DP World Sells Stake In Russian Firm For $230mn

Dubai Ports is selling its minority stake in Vostochnaya Stevedoring to Global Ports Investment.

Ritz-Carlton DIFC Hosts Major Arts Auction

Pieces by Renoir, Picasso and Dali to go under the hammer as the region’s art market strengthens.