Saudi Arabia Trains Yemeni Tribal Fighters In War Against Houthis

So far the fighting and air strikes have killed over 1,000 people since the bombings started on March 26.

Kuwait Stock Regulator Plans Changes To Align Market With Global Norms

Kuwait’s regulator is looking to improve the investment environment in the country.

Bahrain Sentences Man To Death For Killing Policeman -Agency

The court also sentenced 11 other suspects, most of them in absentia, in the same case to terms ranging from 10 years to life in jail.

UAE Ranks In Top Three For Connectivity, ICT Usage – Report

Huawei’s 2015 Global Connectivity Index ranked the Emirates for its strong support for mobile adoption and widespread access to information and communication systems.

UAE Bank NBAD Expects Costs To Jump 10.9% In 2015 – CFO

The lender reported a marginal increase in first-quarter net profit.

Bahrain’s Batelco Hit By Competition And Currency Effects

The company made a net profit of BD14.2 million dinars in the first quarter of 2015.

Tech Firm IBM Expands ME Presence, Opens Kuwait Office

The new office will act as a sales and customer service hub for IBM’s offerings in the region.

Nakheel’s Net Profit Rises 115% In Q1 2015

The company attributed the growth in profits to a strong performance by its development business.

Dubai Investments Posts 6.5% Q1 Net Profit Rise

The conglomerate said its net profit was Dhs282 million in the first quarter of 2015.

Dubai’s Emaar Malls Q1 Net Profit Rises 32%

The unit made a net profit of Dhs433 million in the first quarter of 2015.

UAE Bank NBAD’s First Quarter Net Profit Hampered By Costs

NBAD made a net profit of Dhs1.42 billion in the first quarter of 2015.

Dubai’s ENBD Sets Pricing For $500m 5-yr Bond At Midswaps Plus 150 bps

The size of the issue was capped at $500 million and books exceeded $650 million with more accounts to respond.

Turkish Retailer Boyner Says Qatar’s Mayhoola To Buy $332m Stake

oyner Perakende is a subsidiary of Boyner Group, a non-food retail conglomerate.

Saudi Al-Bassam, Sumou Holding To Set Up $751m Fund To Invest In Turkey

The group is aiming to work with state firms such as TOKI, Emlak Konut and Kiptas.

Different Arab money

Oman Fund, Spanish Firm To Finance Spanish Companies Abroad

The new fund will focus on companies interested in doing business in Oman as well as other Gulf countries, East Africa, and South and Southeast Asia.

Saudi King Orders One-Month Salary Bonus For Security Personnel

The state news agency did not say how much money would be disbursed for the bonus, but it is likely to be sizeable.

Abu Dhabi’s NMC Health Acquires Two UAE Medical Firms

The company has acquired Abu Dhabi-based Americare Group and Sharjah-based Dr. Sunny Healthcare Group.

UAE Finance Execs Hiking Pay To Retain Top Talent – Survey

One third of companies in the country have increased counter offers to avoid losing key employees, finds Robert Half survey.

Air Arabia Jordan To Launch Services On May 18

Sharjah-based Air Arabia, which bought a 49 per cent stake in Petra Airlines in January, has rebranded the airline as Air Arabia Jordan.

Dubai’s Emirates NBD Sets IPTs For $500m, 5-Year Bond Issue

Rated Baa1/A+ by Moody’s and Fitch, ENBD has mandated HSBC, Morgan Stanley, Standard Chartered Bank and itself as bookrunners.

Saudi Central Bank Foreign Assets Drop In March To Cover Budget Gap

Net foreign assets reached SAR2.59 trillion in March, their lowest level since July 2013.

Qatar’s Barwa Real Estate Q1 Net Profit Surges

Barwa made a net profit of QAR3.2 billion in the three months to March 31.

Saudi King Resets Succession To Cope With Turbulent Times

Interior Minister Mohammed bin Nayef has been appointed King Salman’s new heir, replacing Prince Muqrin.

Profile: New Saudi Crown Prince Marks Generational Shift

Interior Minister Prince Mohammed bin Nayef will be the country’s first king from the third generation of its ruling dynasty.

Oil Dips As Oversupply Outweighs Saudi Royal Reshuffle

In a surprise move, Saudi King Salman on Wednesday appointed his nephew, Deputy Crown Prince Mohammed bin Nayef, as the new heir apparent.

Aramco CEO Khalid al-Falih Appointed Saudi Health Minister And Chairman

Falih’s replacement as head of Aramco, which he had led since January 2009, was not immediately named.

Saudi-Led Planes Bomb Sanaa Airport To Stop Iranian Plane Landing

Iran said the plane was carrying humanitarian aid to Sanaa.

Saudi Arabia Arrests 93 ISIL suspects, Foils U.S. Embassy Attack

Among those arrested, at least 65 are Saudi nationals, the report said.

Dubai House Prices Down 2-3% In Q1 2015 – Asteco

Rents in the emirate, on average, remained flat during the first quarter of the year, the report found.

Tougher Mortgage Rules Spark Plunge In Riyadh Property Sales -JLL

The number of house sales in Riyadh between the time the new lending limits were introduced and the end of last month fell 70 per cent from a year earlier.