Bahrain’s Batelco Eyes $1bn Telco Deal In Monaco

The Bahraini telecoms operator is planning to buy the Monaco & Islands portfolio of British telecoms group CWC.

Kuwait Aims To Boost Rainy Day Fund

The government plans to allocate around 25 per cent of state revenues into the fund.

Dubai To Issue Bond To Refinance Maturing Debt

The emirate has Dhs6.5 billion ($1.8 billion) of debt maturing in April 2013.

MAF Group Reports 15% Rise In H1 Revenue

The UAE-based shopping mall developer made a gross revenue of Dhs10.7 billion for the first half of the year.

Emirates Says No Interest In Indian Carriers

The Dubai-based airline has denied it has any plans to buy stakes in any Indian carriers, after rules were lifted last week.

Qatar Islamic Bank Board Backs $1.5bn Sukuk Programme

The bank has hired HSBC, Standard Chartered, Deutsche Bank and QInvest to manage the issuance.

Dubai Airport Plans Major Cargo Expansion

The airport’s cargo capacity is set to increase to 3.1 million tonnes by 2018.

US Lauds Saudi Commitment To Help Moderate Oil Price

Saudi Arabia’s Oil Minister Ali al-Naimi said earlier this month that the Kingdom was prepared to meet any additional demand for oil.

Qatar First Investment Bank Buys London Properties

The Qatari bank has bought the properties as it looks to capitalise on London’s growing demand for high-end real estate.

EFG Hermes Shareholders Approve QInvest Deal

Egypt’s biggest investment bank, EFG Hermes and Qatar’s QInvest had reached an agreement in May 2012.

Emaar Launches New Address Hotel In Downtown Dubai

The Dubai-based developer has announced the launch of The Address The BLVD, its first luxury hotel since the property crash.

Dubai Is Most Expensive City In ME

UBS’s annual cost of living study ranked the city 22nd globally.

UAE’s First Gulf Hires Banks For $800m Loan

The loan facility will be used to fund the Abu Dhabi-based bank’s growth and expansion.

Choosy Omanis Add To Government’s Unemployment Headache

The government hopes to create between 200,000 and 275,000 job opportunities between 2011-2015.

Dubai Group Eyes Stake Sale In Lafarge Venture

Debt-ridden Dubai Group is reportedly in talks to sell its 45 per cent stake in a joint venture firm with cement maker Lafarge.

RBS, Other Banks Sue Dubai Group Over $10bn Debt

The three banks failed to reach a restructuring deal with Dubai Group, the investment vehicle of Dubai Holding.

Etisalat Raises $510m From Axiata Stake Sale

UAE telecommunications operator Etisalat sold 775 millions of its shares in Axiata.

The UAE’s Nuclear Energy Efforts Are Full Steam Ahead

Following the Fukushima disaster last year, how can the country learn from those mistakes and ensure it gets its $20 billion project right?

Price Of Apple iPhone 5 On UAE Grey Market Will Soar

Retailers warn UAE customers to wait and buy Apple’s new iPhone from official outlets as grey market prices are higher.

World’s Tallest Residential Tower Launches In Dubai

The Dhs1.5 billion Princess Tower is 98 per cent sold, says developer Tameer.

Daman Puts IPO On Hold Until 2014

The Dubai-based investment company blamed a lack of liquidity in the market for postponing its IPO and preventing Dubai’s full recovery.

Gulf Bank To Finance $2bn Kuwaiti Projects

The deals, in the oil and power sectors, will increase the bank’s market share in corporate financing.

Emirates NBD Expands Into China

The lender opens Beijing office to tap rising financial ties between the UAE and China.

Arab Spring Boosts Dubai Retail Sales

Majid Al Futtaim-owened malls have seen a 15 per cent rise in footfall for the first half of the year.

UAE’s New Reality Show To Debut In October

The winner of ‘The Entrepreneur’ show will receive a Dhs1million cash reward.

UAE’s Masdar Eyes Saudi Investments

The green energy firm is proactively seeking partnerships in the Kingdom, according to its chief executive.

Qatar Keeps Glencore Guessing On Xstrata Bid

Qatar’s sovereign wealth fund has built up a stake of more than 12 per cent in mining company Xstrata.

UAE-China Trade Up 10% In 2011

Trade ties between the countries have risen over 395 per cent from 2002 to reach $15.6 billion last year.

Algeria Would Take Pre-Emption Right Over Qtel-Wataniya Plan

Qatar Telecom has already received approval to buy the remaining 47.5 per cent stake in Wataniya for $2.2 billion.

Saudi Airlines Unit Picks HSBC For IPO

Saudi Ground Services has hired the bank to advise as it plans to list 30 per cent of its shares.