Marriage Loses Its Sparkle In Kuwait

Marriage rate is falling while divorces are on the rise – what’s happening to the sanctity of marriage in the conservative Gulf state?

Dubai’s Limitless Restructures $1.2bn Loan

The property firm will now be owned by the Dubai government.

How To Get A Job In Dubai

A step-by-step guide to finding employment in the UAE hub from the CMO of the region’s leading online recruiter, Bayt.com.

Saudi’s SABB Q3 Profit Down 28.3% From Q2

The Saudi lender posted a profit of SAR 656 million for the three months ended 30 September 2012.

Saudi Hollandi Bank Posts 5.9% Rise In Q3 Profit

The Kingdom’s eighth-largest lender said that it made SAR317 million in the third quarter of the year.

Qatar Prospects Lure Region’s Top Bankers

Global firms and large regional names are losing their top talent to Qatari lenders who offer better pay and stability.

Gitex 2012: Tomorrow’s World

The region’s largest ICT event takes place this month from 14-18 October at Dubai’s World Trade Centre.

Saudi To Supply Crude To Asian Buyers

The Kingdom increased the selling prices for November to Asian buyers in line with widening product cracks.

Nakheel appoints Manchanda as CEO

Manchanda had been acting CEO of the Dubai-based developer since June 2011.

Abu Dhabi’s NBAD Places $32m Renminbi Bond

BNP Paribas arranged the deal, which will settle on October 16.

Gitex: 1,000 New Launches Expected This Year

Dubai’s biggest annual technology event hopes to welcome over 130,000 visitors.

Emal Picks Banks For Up To $1bn Bond Issue- Sources

Emirates Aluminium reportedly picked Goldman Sachs, Citigroup and Abu Dhabi Commercial Bank for the potential bond.

Riyad Bank And Arab National Post Higher Profits

Both Saudi Arabian lenders have seen their operating income rise for the third quarter.

Saudi Arabia Finds New Gas Field

Aramco says gas flow at new Red Sea site is 10 million cubic feet a day and more wells could be drilled.

Masterminding Saudi Arabia’s Fate

Can the Kingdom build a sustainable economy before its oil wealth runs out? The race is on as youth unemployment simmers to boiling point.

UAE Federal Budget Gap Rises To $762m In H1

The UAE’s federal budget deficit reportedly rose to Dhs2.8 billion in January-June, above the government’s original forecast.

Saudi Says Lower Oil Price “Suitable” For Global Growth

Brent crude has fallen from a high for the year of $128 a barrel in March to $112.

EXCLUSIVE: GE’s Immelt Increases Gulf Footprint, Cuts Slow-Growth Operations

GE CEO Jeff Immelt says the firm will cut jobs globally but inject $1 billion into Saudi Arabia.

UAE Central Bank Extends Lending Cap By Six Months – NBAD

The central bank introduced caps for loans made to local governments and their entities in April this year.

Qantas CEO: No Alternative To Emirates Deal

Dubai and Australia’s flagship airlines are waiting on the results of a competition watchdog’s ruling ahead of their planned alliance.

Gulf States Must Tackle Muslim Brotherhood Threat

UAE’s foreign minister has said the Brotherhood does not believe in the nation state or the sovereignty of the state.

Viva Approaches Banks For $400m Loan

The Kuwaiti telecoms operator is looking for funding to help boost network capabilities and improve its current services.

National Bank Of Abu Dhabi To Expand Islamic Banking

NBAD is looking to reap 10 per cent of its operating income from Islamic banking by 2020, up from three per cent currently.

Alwaleed’s Kingdom To Book Gain From Land Sale In Q3

Kingdom Holding sold the plot in Riyadh for $66.6 million.

Saudi Almarai Q3 Profit Up 4.7%

The dairy producer’s third quarter revenue rose 27 per cent to SAR2.7 billion.

Etihad Eyes Asia And India Partnerships

Abu Dhabi’s flagship airline is looking at more minority stakes to further expand its global reach, says CEO.

Dubai Duty Free Eyes $1.6bn Sales By Year-End

The airport retailer saw sales increase 10 per cent year-on-year during the first nine months of 2012.

The Emir Of Kuwait Dissolves Parliament

The decision by Sheikh Sabah al-Ahmad al-Sabah offers hope of new parliamentary elections.

Qatar National Bank’s Q3 Profit Up 10.5%

Qatar’s indicator for sector performance in the region reports a 15 per cent rise in net profit for first nine months of the year.

Alwaleed’s Kingdom Holding Plans Up To $500m Loan

The proceeds will be used to refinance existing debts, said sources.