Dubai Falls In Global Luxury Property Price Rankings As Market Cools

Prime house prices in Dubai fell 1.1 per cent year-on-year in Q1 2015 while showing a 1.9 per quarter-on-quarter decline.

Emirates Airline 2014 Net Profit Jumps 40% On Lower Oil Price

The airline’s Chairman and CEO Sheikh Ahmed bin Saeed al-Maktoum said lower oil prices had saved Emirates around Dhs2 billion during the financial year.

Oman’s Bank Sohar Says $104m Rights Issue Oversubscribed

In total, shares worth OMR53.28 million were bid for under the capital increase, which saw 228.8 million new shares sold to investors.

Boeing Poised To Clinch $3bn-Plus Kuwait F/A-18 Order

Kuwait has signed a formal letter stating its firm plans to buy newer-model Boeing jets, sources said.

Kuwait Finance House Says May Sell Malaysia Unit

It did not provide any details such as a timeline or a potential sale price of the unit.

Saudi Market Opening Will Take Time To Boost To Local Managers – Jadwa CEO

Jadwa, Saudi’s largest private investment firm, expects inflows to reach between $40 billion and $50 billion in the medium to long term.

Saudi Regulator Approves IPO Of Aviation Ground Handler

Saudi Ground Services Co, a unit of national carrier Saudi Arabian Airlines, plans to sell 30 per cent of its shares.

UAE’s Tabreed Seeks Shareholder Nod for Dhs1bn Bond Buyback

Tabreed said the bond buyback will be financed through a new loan it secured during a debt refinancing last year.

UAE Reveals Details About Its Mars Mission

The unmanned probe, named Hope, will collect data that will help scientists learn about the atmosphere in Mars.

Qatar Airways Eyes Stake In India’s IndiGo, Warns Airbus On A380neo

The airline chief said that Indigo would be Qatar Airways’ preferred choice if it wanted to invest in India.

Qatar Invites Oil Firms To Bid For Al-Shaheen Oilfield From Mid-2017

Qatar’s existing 25-year exploration and production-sharing agreement with Maersk Oil of Denmark expires in 2017.

Doha Says German TV Team Probing Qatar Labour Rights Lacked Permit

Reporter Florian Bauer as well as a cameraman and a sound engineer were detained as they filmed migrant workers in the capital Doha.

King’s Changes Make Saudi Policy Less Predictable

Since inheriting the throne, King Salman has embarked on a war in Yemen, restructured the oil sector and shaken up the line of succession.

Saudi’s Khodari Expects Government Compensation For Labour Fees

In 2012, the Saudi goverment introduced a levy of 2,400 riyals ($640) a year for every foreigner whom a company employs above the number of its Saudi workers.

Saudi’s Khodari Expects Government Compensation For Labour Fees

Partly because of higher labour costs, Khodari’s net profit tumbled 57 per cent from a year earlier to $3.7 million in the first quarter of this year.

Warplanes Strike Yemen’s Saada And Hajja Provinces-Residents

The strikes occurred after Yemen’s Houthi fighters fired mortar bombs and rockets at a Saudi Arabian border town on Tuesday.

Dubai’s Arabtec Names New Chairman

Abu Dhabi businessman Mohamed Thani Murshed Ghannam al-Rumaithi was elected as the new chairman.

Saudi Oil Minister Naimi Optimistic About Kingdom’s Oil Future

The minister said that he saw a bright future for education, training, development and manufacturing in the Kingdom.

Houthi Missiles Hit Saudi Border Town; Airforce To Retaliate

The projectiles struck a girls’ school and a hospital in Najran, which is only two miles from Yemen’s border, officials said.

Sharjah Launches Dhs80m Leisure Island Project To Attract Tourists

The island will consist of a Butterfly House, a literature pavilion and art sculptures, the emirate’s agency said in a statement.

Dubai’s DP World To Start Benchmark USD Bond Meetings Thursday

Sources told Reuters last month that the firm could raise between $750 million and $1 billion from the senior unsecured Reg S/Rule 144A issue.

Saudi Finance Minister: Our Position Is Very Strong Despite Cheap Oil

The minister was also optimistic that the global economy was emerging from its slump, but that one couldn’t expect a return to growth levels of 10 years ago.

Saudi Hardware Retailer SACO’s IPO Meets Strong Demand

SACO, a popular supplier of building tools and mechanical equipment in the kingdom, offered 2.88 million shares to individual investors.

UAE Non-oil Business Growth Picks Up In April

Output, new orders and employment all rose more quickly during the month, with the output index climbing to 62.0 points from 60.7.

Saudi Non-oil Business Growth Slows, Impact Of Royal Largesse Fades

Employment continued to increase but at a slower pace.

Saudi Sets Ownership Caps As $575bn Bourse Opens To Foreigners

A single foreign investor will be able to hold no more than 5 per cent of any listed company, while total foreign ownership of a firm will be limited to 20 per cent.

UN Urges Saudi-Led Coalition To Stop Targeting Yemen Airport

The statement comes as the UN prepared a plan to set up an air-bridge to bring humanitarian workers into the country.

Rotana Plans Expansion Into Europe, London In Focus

The group is looking to open a hotel in London in order to attract GCC tourists travelling to the UK.

Qatar Airways To Launch Three New US Routes In 2016

The carrier also confirmed that it would add a second daily service to New York from March 1, 2016.

Gulf Countries To Create More Jobs In 2015 Despite Oil Price Fall

Qatar is expected to create the most number of jobs in the Gulf this year as it readies for the World Cup in 2022.