Saudi’s Fawaz Abdulaziz Alhokair Q4 Net Profit Rises 5.7%

The company made a net profit of SAR201.74 million ($53.79 million) in the first quarter of 2015.

Saudi’s Tasnee Swings To Q1 Net Loss

Tasnee made a net loss of SAR332.5 million ($88.7 million) in the first quarter of 2015.

Industries Qatar Q1 Net Profit Falls 40%

The company reported a net profit of QAR951 million ($261.2 million) in the first quarter of 2015.

Saudi Telecom Q1 Net Profit Rises 4.7%

The firm made a net profit of SAR2.50 billion in the first quarter of 2015.

UAE’s Union National Bank Q1 Net Profit Rises 20%

The bank reported a net profit attributable to equity holders of Dhs610.8 million ($166.29 million) in the first quarter of 2015.

Kuwait Says Finds Four New Promising Oilfields -KUNA

The grades found in the fields were both light and heavy oil, with preliminary results showing “huge commercial volumes”, KUNA said.

Saudi’s Savola Forecasts Lower Q2 Profit After Q1 Lifted By Unit Sale

Savola said it expected a profit of SAR429 million in the second quarter, according to a bourse statement.

Yemen’s Houthi Leader Accuses Saudi Arabia Of Seeking To Invade

Saudi Arabia’s goal is “the invasion of this country, its occupation and placing this country again under its feet and hegemony”, Abdel-Malek al-Houthi said.

Gulf Finance House To Delist From London, Keep Other Listings

The investment firm had said last week that it would study whether to continue its stock market listings in London and Kuwait.

Egypt Arm Of Dubai Developer Emaar Reports Big Profit Increase

The subsidiary of Dubai’s Emaar said profits reached $22.65 million in the first quarter of 2015.

Qatar’s Nakilat Q1 Profit Rises 7.7%

The company made a net profit of QAR222.4 million, it said in a statement.

Emaar Launches Maple Townhouses In Dubai Hills Estate

The newly launched Maple community will feature 118 townhouses with three, four and five bedroom units.

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.