New Guidelines For Saudi Journalists

Journalists in the Kingdom have to be accredited by the Saudi Journalists Association, the Cabinet has said.

US Firm Plans 500 Hires In Abu Dhabi

Digital Domain Media Group is opening up an animation and visual effects studio in Abu Dhabi’s twofour54.

Dubai Duty Free Ups Loan To $1.5bn

The airport retailer has increased the size of its loan facility because of high demand, an official has said.

DIFCI $1bn Loan Near

DIFC Investments close in on a $1 billion dollar loan to refinance an upcoming sukuk maturing in June.

10 Reasons Why Dubai Is Back

Gulf Business rounds up ten indicators that show that the emirate is back on the growth trajectory.

Abu Dhabi Picks Banks For Merger

Four banks have been chosen as advisors for the proposed merger been Aldar and Sorouh, according to sources.

DIB Releases New Sukuk

A deal for a new Islamic bond from DIB is being arranged by a host of local and global banks.

Mashreq: ‘Forget The Glory Years’

Exclusive: Al Ghurair says UAE will not see pre-2008 profits for the foreseeable future.

Drake & Scull Eyes $300m Iraq Deal

The contract will be an oil and gas project to build a pipeline in Basra, said the company’s CEO.

New Dhs500m SME Fund In UAE

The fund, launched by NBAD and Khalifa Fund for Enterprise Development, targets Emirati entrepreneurs.

UAE’s Non-Oil Trade Up 23%

The country’s non-oil trade increased to Dhs927.7 billion in 2011, according to official statistics.

Naphtha At Record Highs

ADNOC’s highest ever offers for naptha contracts are likely to influence Saudi Aramco talks

Nakheel Plans New Housing Project

Financing has been secured for the new project on Dubai’s Palm Jumeirah, said Nakheel’s chairman.

UAE To Settle Nationals’ Debt

The UAE government will settle the personal loans of citizens whose debts are less than Dhs5 million.

Oman To Raise Oil Output

The Gulf State plans to increase crude production by 30,000 barrels per day this year.

Dubai RTA Awards Dhs38m Deals

The contracts are part of Dubai’s Dhs1 billion five-year plan to improve internal roads in the city.

Gulf States Warned Off Lebanon

UAE, Bahrain and Qatar have urged their citizens not to travel to Lebanon as Syria unrest spreads.

Saudi Shares Drop 2% On Global Fears

Saudi bourse and oil drops to a three month low as fears of the Eurozone crisis affect the Gulf.

UAE Faces $30bn Debt Wall In 2012

According to the IMF, UAE’s state-related entities have a “significant” amount of debt maturing in the next few years.

Aramco Invites Bids For New Refinery

Saudi Aramco’s new refinery in Jizan will have a capacity of 400,000 barrels per day when ready.

Saudi Index Falls 10% Since April

The Kingdom’s Tadawul index has dropped on global economic fears and political instability in the Eurozone.

Oil Prices To Stay Over $100: Experts

A fall below that level will lead to a cut in Saudi’s oil output and force high-cost oil projects to shut down.

Revealed: Top 5 Real Estate Gainers

Gulf Business reveals the top five UAE real estate firms based on profit gains in the first quarter of the year.

Dubai Villas Record Rent Rise

Average lease rates for villas in the city increased by three per cent during the first quarter of the year.

Saudi’s IDB Plans Up To $1bn Sukuk

Islamic Development Bank plans to issue the Islamic bond in June this year, its chairman has said.

Oman Eyes 2,000 New Hotel Rooms

The Gulf state will add a plethora of new hotel and resort rooms across the country by 2012-2013.

Agility Q1 Profit Falls 8.1%

The Kuwaiti logistics firm made a net profit of $25.4 million during the first quarter of this year.

HSBC Launches Dhs1bn SME Fund

The bank said that it expects loans to the UAE’s SME sector increasing by 20 per cent this year.

NMC Reports Rise In Q1 Revenues

The UAE healthcare provider said that revenues rose 18 per cent to $166.4 million during the period.

Drake & Scull Q1 Profit Drops

The UAE-based construction firm posted a 15.6 per cent drop in its first quarter net profit.