Revealed: Top 10 Companies In Qatar

The biggest businesses from the tiny Gulf state of Qatar.

25% Of New UAE Hotel Projects On Hold

While 21 per cent of UAE hotel projects in the pipeline have been postponed, 54 per cent are confirmed, finds new study.

Dubai Group Cuts Half Of Staff In Cost-Cutting Move

Most of the job-cuts are in back office roles such as IT, according to sources.

Dubai Plans $2.7bn Theme Park Complex

The project, to be developed by Meraas, will also include a Bollywood-themed section.

Oman Air Expects 30% Revenue Growth In 2012

The airline generated $809 million in revenue last year and expects growth to come from higher demand.

Saudi Aramco To Shut Most Of Yanbu Refinery

The joint venture energy firm plans to bring a cleaner fuel project online.

Etihad Airways To Buy Stakes In Indian Airlines

Abu Dhabi’s flagship carrier is eyeing up minority stakes in Jet Airways and SpiceJet.

Qatar Cashes In Remaining Barclays Warrants

Qatar Holding, the lender’s top shareholder, has monetised its remaining 379 million units.

Saudi Regulator Suspends Mobily From Selling SIM Cards

Mobily will not able to resume sales of pre-paid cards until it meets provisioning requirements.

Dubai’s Ruler Orders Expansion of World’s Tallest Hotel

Sheikh Mohammed instructs work to begin on the second phase of the Dhs2.5 billion JW Marriott Marquis.

Revealed: Top 10 Companies In Saudi Arabia

The Kingdom saw increased liquidity and banking deposits in 2012, fuelled by high oil prices and government spending.

Abraaj Capital Unit Buys Indian Remittance Firm

Card payment processor Network International has acquired a stake in TimesofMoney for an undisclosed sum.

Dana Gas Offers Bondholders Sweetened Debt Deal

The Sharjah-based natural gas producer failed to repay its creditors on the maturity of its $920 million Islamic bond last month.

NBAD Issues 500m Malaysian Ringgit Sukuk

The 15-year Sukuk is National Bank of Abu Dhabi’s third issuance in the South East Asian currency.

WHO Says 4 New Cases Of SARS-Like Virus Found In Saudi, Qatar

The total number of cases has now risen to six, and two of the patients have died.

Emirates, Arsenal Sign $240m Partnership

The deal grants the Dubai-based airline a five-year extension to its shirt partnership with the football club.

Dubai Plans Mega City; World’s Largest Mall

The mall will be part of a new retail and tourism complex that also includes a park bigger than London’s Hyde park.

Ruth’s Chris Steak House Review

A menu brimming with as much seafood as meat, this is a steakhouse to savour.

Qatar’s Banking Sector Expects Modernisation, Say Experts

The Gulf state needs thousands of experienced industry professionals to bolster its finance practice.

Dubai Taxi Sex Scandal: Couple Get Three Months In Jail

The British woman and Irish man have also been fined Dhs3,000 each and will be deported after their jail terms end.

Top 10 iPhone Apps In The UAE

A mix of social media apps, info services and games feature on the list.

GFH Capital Signs Leeds United Takeover

The Dubai-based firm has become 100 per cent shareholders of the English football club.

Dana Gas Agrees To Develop UAE Gas Field

Production in the new field is expected to begin in the first half of 2014.

Dubai’s Arabtec Buys Stake In Interiors Contractor Depa

Arabtec will buy 149.6 million shares in Depa, valued roughly at $65.8 million.

Kuwait’s Boubyan Sees Islamic Banking Boom

The lender is not interested in overseas expansion unlike its rival Kuwait Finance House.

Abu Dhabi Signs Oil Storage Deal With Korea

The deal provides for the storage of six million oil barrels for the Korean strategic stockpile program.

Dubai World’s Debt Repayments Concern Bankers

With $4.4 billion needed to meet its first obligation, there are worries as to where the money will come from.

Mashreq CEO: UAE Banks Ready To Lend Again

The local banking sector has ample liquidity and lenders are ready to grow, says Abdul Aziz Al Ghurair.

Dubai’s Umm Suqiem Happiest Place To Live

Dubai Marina and The Springs come second and third in propertyfinder poll.

New Group CEO For Al Ghurair

Abu Dhabi’s Constantin Salameh chosen for top corporate post.