UAE Business Activity Flat In August

A new index by HSBC shows the manufacturing and services sectors fell 0.1 points from July.

102 Firms Violate Midday Ban In UAE

Over 99.79 per cent of the firms inspected abided by the midday work ban, says labour ministry.

UAE And Brazil Trade Soars

Trade links between the two countries have never been stronger as new figures reveal a growing relationship.

UAE Ranks In Top Ten For Swiss Watch Sales

Returning consumer confidence is a driving factor for the UAE luxury sector.

Zain Announces New Chief Executive And COO

The Kuwait-based operator has revealed two new appointments to its top level board.

Maradona Appointed Dubai Sports Ambassador

The Argentinian legend and ex-Al Wasl coach has accepted a position with the Dubai Sports Council.

Bahrain’s Economy Shrinks In Q2

Real GDP expanded but ongoing political unrest continues to dampen the country’s growth.

Qatar National Bank To Buy SocGen’s Egyptian Arm

The bank has hired JP Morgan to advise on its planned buyout of the French bank’s Middle Eastern asset.

Etihad Raises Virgin Australia Stake To 10%

The Abu Dhabi-based carrier has doubled its stake in the Australian carrier but no plans for a majority.

Sharjah Eyes Foreign Investments

The emirate is aggressively seeking economic investments from Asian nations.

Tata Motors Looks At Saudi Plant For Jaguar Land Rover

The plant may come up next to a new aluminum smelter in the Kingdom, says Tata Motors chairman.

5 Minutes With… Samer Majali, CEO, Gulf Air

Gulf Air CEO, Samer Majali, says a consultative leadership style is the best way to energize and motivate employees.

Abu Dhabi Launches New Port, May Compete With Dubai

The multi-billion dollar Khalifa Port can handle 12 million tons of general cargo annually in the first phase.

Qatar LNG Producer Rasgas Office PCs Hit By Virus

The company confirmed that operational systems both onsite and offshore are secure and that production is not affected.

Qatar Telecom Repays $3bn Loan Facility

The state-owned operator repaid the five-year syndicated term loan from existing funds.

Qatar-Barclays Payments Face Fraud Probe

Fees from Qatar Investment Authority paid to the British bank are being scrutinised by the UK’s Serious Fraud Office.

Yemen Says Saudi To Donate $1bn To Support Currency

The money will be placed in the Yemeni central bank and will support the country’s economic recovery, a Yemeni minister said.

Qatar Has Highest Construction Costs In ME

The increasing volume of activity in the build-up to the 2022 FIFA World Cup has pushed up costs in Qatar, says study.

UAE Healthcare Firm NMC’s H1 Profit Jumps 21%

The company made a net profit of $27.5 million in the first six months of the year.

DP World’s H1 Profit Flat, Cites Global Climate

The Dubai-based port operator made a profit of $247 million in the first half of the year.

ENOC Announces 40 New Petrol Stations For KSA

The Kingdom’s own oil company responds to worsening revenue in the Gulf with new stations.

EXCLUSIVE: Phil Broad Resigns From Jumeirah Restaurants

Exclusive: The managing director of the successful chain is joining the InterContinental Hotels Group.

Dubai Court Approves Drydocks $2.2bn Debt Plan

The Dubai World Tribunal formally approved the restructuring of shipbuilding unit Drydocks World.

UAE To Boost Oil Production Capacity

The country plans to increase crude oil production capacity to 3 million barrels per day over the next few months.

Nakheel Refunds $57m To Investor Who Bought Three Islands

Dubai World tribunal orders Nakheel to repay Shokat Mohammed Dalal the sum he paid to reserve three islands on The World in 2008.

Saudi Deals Boosted US Arms Sales To $66.3bn In 2011

The Kingdom bought weapons worth $33.4 billion from the US last year, says new report.

Bahrain’s Gulf Air Posts 6% Rise in H1 Revenue

Bahrain’s loss-making national carrier announced that revenues and passenger numbers rose during the first half of the year.

Kuwaiti Firm Alleges Carlyle Sold Fund Without Licence

Kuwaiti investment firm NIG is now seeking approval for its lawsuit against Carlyle to be heard in Kuwait rather than the US.

Saudi Aramco Says Virus Damage Fixed; Oil Output Unaffected

A virus infected about 30,000 of the oil producer’s workstations in mid-August, forcing the company to cut off external communications.

Zain Confirms Vodafone Roaming Talks

The Kuwaiti-network is expected to agree a non-equity deal with the operator giant to share its network.