UAE’s Oil Pipeline Fully Open By Year End

The onshore pipeline will carry the majority of Abu Dhabi’s oil exports from storage fields in Fujairah.

Abu Dhabi-Led Group Submits Lowest Bid For Saudi Power Plant

A consortium led by TAQA made the lowest bid for the Rabigh 2 project in the Kingdom.

Dubai’s Tamweel Q3 Profit Falls 46.5%

The mortgage lender saw profits drop on higher provisions and funding costs.

Pilgrims Arrive In Mecca For Haj

Authorities have emphasised the religious occasion is no place for protests over the regional turmoil.

Top 10 Eid Getaways

Gulf Business lists 10 holiday destinations you can reach within five hours by flight from Dubai.

Dubai’s MOE Ranks Among World’s Top 10 Lucrative Malls

Mall of the Emirates earns $1,423 per square foot every year, says new research.

Zain CEO To Step Down As Profits Drop

Third quarter results for the Kuwaiti operator sees profits down as its CEO announces his desire to stand aside early next year.

DP World Sells Stake In Russian Firm For $230mn

Dubai Ports is selling its minority stake in Vostochnaya Stevedoring to Global Ports Investment.

Ritz-Carlton DIFC Hosts Major Arts Auction

Pieces by Renoir, Picasso and Dali to go under the hammer as the region’s art market strengthens.

Emirates NBD Sees 267% Increase In Q3 Net Profit

The Dubai-based lender saw third quarter net profit rising to Dhs640 million on lower provisioning.

Qatar Telecom Q3 Profit Up 74%

The company made a third quarter net profit of 1.07 billion riyals while domestic revenue for the first nine months rose 9.4 per cent.

Saudi Aramco Chooses Builders Of Jizan Refinery

The Saudi oil producer has awarded contracts to companies from across Europe and Asia – the project is said to be worth billions of dollars.

Du Posts 34% Rise In Q3 Profit As Margins Rise

The UAE telecoms operator made a net profit after royalty of Dhs326.9 million in the third quarter.

Nakheel’s 9-Month Profit Nearly Doubles

The first three quarters of the year sees further recovery for Dubai’s debt-laden property developer.

Qatar 2022 – Will They Make It On Time?

Senior spokespeople confirm that Qatar will meet its construction deadline for the World Cup.

Qatar Applies For Formula 1 Licence

The tiny Gulf state is looking to host pre-season testing and eventually its own grand prix at its Losail Circuit.

Abu Dhabi Property Value Falls 6.8% In Q3 2012

Abu Dhabi’s residential real estate market was stagnant in Q3 2012 as the emirate deals with new incoming supply, but industrial growth will be strong

Bank Dhofar Q3 Net Profit Down

The Omani lender has missed market expectations as it posts a third-quarter profit drop compared to last year.

Saudi Telecom Q3 Profit Up 25%

STC reports jump in third-quarter profit due to growth in broadband but still misses market expectations.

Kuwait Opposition To Boycott Vote

Opposition groups call for a protest march on Sunday as they reject government’s changes to the voting system.

Top 10 Trends At Gitex 2012

Gulf Business provides a round up of the Middle East’s biggest ICT event.

ADNOC To Offer Cleaner Diesel Fuel For 2013 Term Contract

The move would make ADNOC the first Middle Eastern producer to export ultra-low sulphur diesel outside the region.

Eid Al Adha Holidays Announced In UAE

Private sector employees will be given three days, while the public sector will remain closed for four days.

Kuwait Sets Oil Well On Fire After Gas Leak

No one was injured in the gas leak accident, said state news agency KUNA.

LIVE at Gitex 2012

Gulf Business reports live from MENA’s biggest ICT event.

Abu Dhabi Islamic Bank Posts 3% Rise In Q3 Profit

The lender made a profit of Dhs328.5 million during the third quarter of the year.

Zain Saudi In Advanced Loan Talks As Q3 Net Loss Widens

The telecoms operator said net loss widened by two percent because of lower revenues.

The Rapid Rise Of Budget Tablets

Bargain-bucket tablets are quickly outselling laptops in the UAE, say retailers.

Dubai Bourse Targets Oil Buyers, Region’s Banks

The Dubai Mercantile Exchange plans to shift its focus away from national oil companies, said its new CEO.

Bahrain’s Batelco Seeks Majority Stakes In Foreign Units

Batelco currently owns Jordanian operator Umniah and 27 per cent of Yemeni mobile firm Sabafon.