Barclays Off UAE Rate-Setting Board

The bank has withdrawn from the interbank panel following the Libor scandal in the United Kingdom.

FDI Inflows To GCC Fall 35%

Foreign direct investments into the Middle East dropped 16 per cent to $49 billion in 2011, says UN report.

Dar al-Arkan Repays $1bn Sukuk

The Saudi-based property developer said that Sukuk account holders will receive the funds on Monday.

Saudi To Lend Tunisia $220m

The loans, extended by the Saudi Fund for Development, are repayable over 20 years at two per cent interest.

KSA Agrees To Send Female Athletes

Saudi Arabia will include two female competitors in its London 2012 Olympic team for the first time.

Qatar Sells Largest USD Sukuk

The Gulf-state priced five and 10-year tranches at $2 billion each, attracting an order book of over $24 billion.

Qatar Islamic Q2 Net Profit Down

The bank dropped almost 35 million riyals in the second quarter in comparison to the same period last year.

Kuwait’s ALAFCO In $1.9bn Deal

Farnborough Air Show: Airplane leasing company orders 20 of Boeing’s single-aisle 737 MAX 8s for the Gulf.

BAE Systems Expect UAE Deal

Farnborough Air Show: British defence company plans new $10 billion UAE jet deal with Eurofighters.

Qatar Airways To Sponsor UK Team

Farnborough Air Show: Two Premiership football teams have asked for sponsorship from the Doha carrier.

Qatar Airways Orders New A380s

Farnborough Air Show update: The Doha-based carrier unveils new 787; Boeing and Airbus battle.

Qatari Diar To Develop Oman

Five-star luxury resorts, marinas and a sports academy are planned for Ras Al Hadd following agreement.

UAE-French JV Wins $817m

Abu Dhabi’s National Petroleum Construction Co and French Technip to build offshore oil facilities.

Qatar’s Budget Surplus Triples

Booming revenues from liquefied natural gas will assist the country’s infrastructure revamp.

Gulf Air Weighs On Bahrain Fund

SWF Mumtalakat, which has shares in the airline, made a net loss of $717.68 million last year.

Oman’s Economy Outlook Positive

Gross domestic product figures carry momentum from 2011 despite the potential woes of a global recovery.

Qatar Rental Rates Rise 8%

Latest report from Asteco shows villa rates up four per cent as demand outstrips supply.

Cost Of Food Drops 15%

Government reminds retailers and suppliers not to raise food prices ahead of Ramadan and iftars.

Mursi To Visit Saudi Arabia

Egypt’s new President will make his first official visit to the Kingdom this week to meet King Abdullah.

KSA’s Almarai And Dar Alarkan Up

Saudi Arabia’s dairy producer and property developer both reveal an increase in net profit for the second quarter.

Kuwait’s Exiting PM To Select Cabinet

Analysts expect Kuwait’s ruler to dissolve the parliament in order to allow fresh elections later this year.

IBM To Expand In The ME

The global technology firm plans to increase regional hiring and open more offices in a major expansion drive.

Dubai Duty Free Gets $1.75bn Loan

The Dubai airport retailer will use funds from the international credit facility to finance on-going expansion.

KSA Investors Move Quickly

Analysts are not revising share price forecasts following a surge in banking shares after mortgage law approval.

Qatar Banks Should Issue More Bonds

Slowing deposit growth means Qatari banks need other sources to avoid funding issues.

Emirates Islamic Bank Prices Sukuk

The $500 million Sukuk, EIB’s second issue this year, is priced at par and is due to mature in January 2018.

Etihad Q2 Revenue Up 31%

First half revenues for Abu Dhabi’s airline are up 30 per cent as passenger numbers soar to almost five million.

UAE Bank Deposits Drop In May

Total deposits in the country decreased by 1.2 per cent during the month to close at Dhs1.1 trillion.

Qatar Plans New Harrods Hotels

Qatar Holding is planning to open Harrods branded hotels in Malaysia, Paris and New York.

UAE Seeks Strong Egypt Ties

The country has called for a closer relationship with Egypt as it begins a new era under President Mursi.