Half Of UAE Professionals Unhappy With Their Salaries – Survey

Up to 66 per cent of UAE professionals believe they earn less than what other firms in their industry offer, finds new survey by Bayt.

Saudi Arabia Regulator Suspends Trade In Mobily Shares

The regulator has asked the telecommunications operator to clarify information related to one of its businesses.

UAE Ranks 45 Globally For School Education; Singapore Tops List

Published by the OECD, the biggest-ever global school rankings list is based on test scores in maths and science in 76 countries.

Emirates Airline Could Use European Hubs To Expand In Americas

The move could further anger US carriers, which accuse Emirates of competing unfairly through state subsidies.

Abu Dhabi’s TAQA Q1 Profit Falls 6.6% On Low Oil Prices

Total revenues tumbled 29 per cent to Dhs5.13 billion because of the plunge of oil prices since last June.

Dubai Builder Arabtec Swings To Net Loss In Q1

The builder reported a loss attributable to equity holders of Dhs279.82 million in the first quarter.

Yemen Truce Starts After Shelling, Iran Sends Cargo Ship

The five-day humanitarian truce in Yemen came into effect at 11 pm on Tuesday.

Obama To Meet With Saudi Crown Prince, Deputy In Oval Office On Wednesday

Obama’s summit with the GCC countries begins Wednesday evening and continues on Thursday.

Alibaba’s Cloud Computing Unit To Establish Base In Dubai

Alibaba’s subsidiary Aliyun will set up a venture with Dubai-based Meraas.

Saudi Foreign Minister Says US-GCC Summit To Focus On “Aggressive” Iran

Adel al-Jubeir said the summit would focus on conflicts in Syria and Iraq and also on the fighting in Yemen.

Dubai’s DP World Launches $500m, Five Year Bond

The transaction has received orders of seven times its size, an earlier document showed.

Kuwait Telco Zain Q1 Profit Falls 26.7%

The firm had posted falling profits in eight of the preceding 10 quarters.

Japan’s Cosmo Oil, Spanish Firm Cepsa In Talks For New Abu Dhabi Oilfield Stake

Abu Dhabi’s International Petroleum Investment (IPIC) owns all of Cepsa and is the biggest shareholder in Cosmo.

Bahrain’s Ahli United Bank Q1 Net Profit Rises 7.8%

The bank’s net profit for the three months to March 31 was $147.18 million.

Saudi, Alcoa Aluminium Smelter Production To Top Initial Target This Year

Ma’aden, the Gulf’s largest miner, is currently exporting around 70 to 80 per cent of the smelter’s production.

Emirates Global Aluminium Says Exports To Fall As Local Demand Grows

The company produces about 2.4 million tonnes of aluminium products per year.

Saudi Aramco Reiterates It Will Spend To Retain Leading Oil Position

The oil giant has completed a massive investment programme which took its output capacity up to 12 million bpd.

Saudi-Led Air Strikes Hit Yemen Capital Hours Before Ceasefire

Residents said three air strikes hit a base for army units loyal to the Houthis in the north of the capital.

Abu Dhabi’s Image Nation To Finance Tom Hanks Thriller, The Circle

The movie has been written and will be directed by James Ponsoldt, and will start shooting in August 2015.

Aluminium Bahrain CEO Optimistic About $2.5bn Expansion Approval In 2015

The plan will make Alba the largest single-site aluminium smelter in the world.

Saudi Arabia’s April Crude Output Hits Record High

The Kingdom pumped 10.308 million barrels of oil per day in April, compared to 10.29 million bpd in March.

Emirates Adds Third Daily Flight To Beirut

The additional service will increase Emirates’ total number of weekly flights serving Lebanon to 21.

Saudi Aramco Discovered Eight New Oil And Gas Fields In 2014

The company did not give figures on estimated reserves or production rates for the new fields.

King’s Absence From US Summit Shows Saudi Displeasure Over Iran Push

Analysts and diplomats in the Middle East described King Salman’s decision to skip the meeting at Camp David this week as a snub.

Al Jazeera Journalist Under Trial In Egypt Sues Employer For Negligence

Mohamed Fahmy spent more than 400 days in an Egyptian jail on charges of aiding a terrorist organisation.

Saudi Market Regulator Studying REIT Listing Rules

If introduced in the Kingdom, REITs would offer tax benefits, especially for foreign investors.

Saudi King Salman Phoned Obama, Discussed Summit, Yemen

King Salman has nominated Crown Prince Mohammed bin Nayef to attend the summit in Washington and Camp David, Maryland.

New Dubai Expo 2020 Logo To Be Unveiled On October 20

The new logo design will be selected from 18,000 entries received during a public competition.

Moroccan F-16 Jet From Saudi-Led Coalition Crashes In Yemen

Yemen’s Houthi militia said tribesmen shot down the aircraft.

Dubai Properties Launches Arabella Townhouses In Mudon Project

Sales of the three and four bedroom townhouses will begin on May 16.