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.

Saudi Arabia Says Its Crude Exports Fell Slightly In Feb

The Kingdom shipped 7.35 million bpd of crude oil in February this year, down from 7.474 million in January.

Oman Plans Floating Storage For DME Crude Delivery

The storage will increase monthly trade volumes on the DME by two million barrels.

Bahrain Says Arrests 28 Planning Attacks In Villages

The interior ministry did not name the detainees, say when they were held or elaborate on the nature of the planned attacks.

Dubai’s Nshama Launches ‘Safi’, Units From Dhs350,000 In Town Square

The new Safi community will feature studios and one, two and three bedroom apartments.

Second Suspect In Saudi Police Killings Arrested – Ministry

The suspect, Nawaf Sharif Samir al-Onaizi, was reportedly hiding in a desert area northwest of Riyadh.

Kuwait To Freeze Expat Numbers

New expats will only be allowed to enter the country to replace those leaving, according to reports.

UAE’s Etisalat To Raise Up To $500m Through 2019 Bond Tap

Last June, the company sold $4.3 billion worth of maiden bonds in four tranches.

UAE Telco Du Q1 Net Profit Drops 0.6%, Misses Estimates

The firm made a net profit of Dhs487.1 million in the three months to March 31.

Dubai’s Ruler Approves Dhs500m Union Museum Project

The museum, located next to the Union House in Dubai, will showcase the events leading to the formation of the UAE.

Abu Dhabi Rolls Out Red Carpet For Market Makers, May Outweigh Dubai

Both the DFM and ADX say they are in talks to attract market makers.

U.S. Blames Houthi Battlefield Moves For Renewed Saudi Strikes

Riyadh announced last week that it was ending its nearly five-week-old bombing campaign, except in places where the Houthis were advancing.

Qatar Navigation Says Q1 Net Profit Up 4% On Core Business Growth

Milaha’s core units – Maritime & Logistics, Gas & Petrochem and Offshore – posted a combined increase in profitability of 71 per cent year on year.

UAE’s Dubal Holding Looks Into Buying Stakes In Energy Projects

The firm is looking for equity interests related to coal, solar, gas, and other alternative sources of energy.

Saudi Arabia Ready To Supply Any Additional China Oil Demand

Saudi Arabia’s Oil Minister Ali al-Naimi reiterated that the Kingdom intends to remain the world’s number one oil supplier.

Dubai’s DP World Says No Plans For Share Buyback

Earlier on Monday, shareholders approved a proposal to buy back a “limited number” of the company’s shares, according to a bourse filing.

UAE Billionaire Calls For New Rules On Succession For Gulf Family Businesses

Abdulaziz al-Ghurair, CEO of Dubai-based lender Mashreq, is calling for the introduction of wills and trusts that are compliant with Islamic principles.

Ooredoo Kuwait Q1 Net Profit Plunges 89%

The firm, a subsidiary of Qatar’s Ooredoo, made a net profit of KD2.2 million in Q1 2015.

Gloria Hotel To Embark On Dhs80 Million Revamp

Major four-star hotel to phase in room upgrades that reflect latest design trends.

Dubai’s DP World Says Shareholders Approve Limited Share Buyback

The approval was granted at the firm’s annual shareholder meeting, according to a bourse filing.

Topaz Closes In On Loan Worth Upwards Of $550m – Source

Emirates NBD, First Gulf Bank, Gulf International Bank, HSBC, Noor Bank and Standard Chartered will provide the loan, three sources told Reuters.

Saudi Oil Output Based On Demand, Market ‘Excellent’ – Deputy Oil Min

The world’s top oil exporter is keen to maintain its market share, Prince Abdulaziz Bin Salman Bin Abdulaziz said.

UAE Aviation Firm Sanad Says Raises $90m Loan

The transaction will increase the company’s total borrowing to $600 million.

Dubai’s DP World Posts 4.4% Rise In Q1 Gross Container Volumes

Gross volumes totalled 15 million 20-foot equivalent units (TEU) in the opening three months of 2015.

India Seeks First Cut In LNG Imports Under Qatar Deal

New Delhi plans to use a 10 per cent reduction permissible under a 25-year contract with Qatar’s RasGas.

Revealed: Top 10 Cities With The Highest Skyscraper Rents

Dubai is ranked 16th spot on the index, with prime office rents remaining flat since H2 2014.