Saudi’s SABIC Signs Deal To Use U.S. Shale Gas At British Plant

SABIC has previously said scarce gas supplies at home have forced it to look at investment opportunies abroad.

UAE Regulator Issues Rules To Protect Minority Shareholders

The changes include a provision saying no company has the right to halt trading in its shares before or during an annual general meeting or during a transaction.

UAE Telecoms Company Etisalat’s Quarterly Profit Up 7.6%

Etisalat made net profit of Dhs2.18 billion ($593.6 million) in the first quarter of 2015.

Dubai’s Mashreq Posts 13% Profit Rise On Higher Lending Income

The lender made a profit of Dhs651 million in the first quarter of 2015.

Dubai World Trade Centre To Build Massive 15,500sqm Extension

The extension will expand DWTC’s multipurpose indoor capacity to over 122,000 square metres and add a 300-vehicle car park.

SABIC-Saudi Aramco-PIF Venture May Eventually Go Public

SABIC’s acting CEO Yousef Abdullah al-Benyan said the idea was still at an early stage.

Saudi’s SABIC Q1 Revenues Down 28% Y/Y, Oil Price “Out Of Control”

SABIC CEO Benyan said the fall in oil and petrochemical product prices was “out of control”, but said his company was well placed to deliver returns.

Lloyd’s Of London Targets Islamic Insurance Market

Lloyd’s will target Saudi Arabia and the United Arab Emirates to gain a foothold in Islamic insurance market.

Saudi PetroRabigh Q1 Profit Falls By Half, Blames Lower Margins

The firm made SAR205.4 million in the first quarter of 2015, it said in a bourse statement.

Exclusive Interview: Nakheel’s Turnaround Man, Ali Rashid Lootah

Nakheel’s chairman reveals how he revived the company’s fortunes, and why he is confident Dubai’s property market will not crash again.

UAE Establishes Space Centre To Assist Mars Probe

The new Mohammed bin Rashid Space Centre will conduct outer space research and help build the UAE’s capabilities in outer space exploration.

Saudi’s Mouwasat Medical Q1 Profit Falls 3.5%

Mousawat said the slight drop in quarterly profit was due to a net loss from a Riyadh hospital it opened in November 2014.

Saudi’s SABIC Q1 Net Profit Falls 39%, Beats Forecasts

SABIC made a net profit of SAR3.93 billion in the first quarter, down from SAR6.44 billion in the year-earlier period.

Obama Calls Saudi King Salman To Discuss Yemen -White House

Obama and King Salman also reportedly agreed that a negotiated political solution was necessary to achieving lasting stability in Yemen.

Lewis Hamilton Ends Final Bahrain Practice On Top

The Mercedes driver lapped the Sakhir circuit with a best time of one minute 34.599 seconds.

Oman LNG Looks To Sell Cargo To Asia Via Union Fenosa Gas -Traders

The cargo would be for May delivery, traders said.

Rolls-Royce Wins $9.2 bn Engine Order From Emirates For A380s

The contract includes a long-term “Totalcare” package, which means Rolls-Royce will also provide service and maintenance to Emirates for the Trent 900 engines.

Qatar Sells June Al-Shaheen Crude At 10-Month High

The cargoes were sold at 37-40 cents a barrel below Dubai quotes via a tender, averaging at a discount of 39 cents a barrel.

Dubai’s Amlak Finance Says Targets May For Trading Restart

Amlak’s shares have been suspended since November 2008 after the global financial crisis helped trigger a local real estate crash.

Saudi Hardware Retailer SACO To Raise $134 m From Float – Lead

The price means the retail and wholesale tools superstore will raise around 504 million riyals from its flotation.

Some Banks Win, Some Lose In Dubai’s “Islamic Economy”

Dubai is planning to be a centre for an “Islamic economy” with sharia-compliant businesses ranging from banking , trade, food preparation, fashion, education and tourism.

Saudi Arabia To Open Stock Market To Foreigners On June 15

Final rules covering the opening of the market will be published on May 4.

Dubai’s Ruler Issues New Law On Aviation Safety

The law regulates the usage of laser, fireworks, light beams and drones in Dubai’s airspace.

Dubai’s Nshama Awards Dhs22m Deal To Al Naboodah For Town Square

Al Naboodah will carry out the complete earthwork grading for the 31 million sq ft project.

Emirates Launches Second Daily A380 To London Gatwick

Capacity rise on key London route coincides with arrival of its 60th A380 aircraft

ADNOC To Start Monthly Oil Product Deliveries To Egypt Next Week

The Egyptian government had said state-owned EGPC will buy 65 per cent of its oil product import needs from ADNOC in 2015.

Dubai’s Landmark Aims To Double Online Sales, Plans Major Expansion

LandmarkShops.com recorded a 200 per cent year-on-year growth in revenue for the fiscal year 2014-2015.

Almost 75% Of GCC Women Say Not Treated Equally At Work- Survey

A new study reveals that majority of women in the GCC feel disadvantaged at work due to prevalent gender inequality.

Yemeni VP Hopes Arab Coalition Will Not Deploy Ground Forces

Bahah also called on the armed forces to support the “legitimate” government in exile.

Speculation Over Saudi-India Oil Deal As Talks Drag On

Saudi Aramco and India’s Reliance Industries have not yet concluded a term contract to import diesel and gasoline.