Habtoor Group Launches Three New Dubai Projects Worth Dhs2bn, Says No IPO Plans

The projects include a polo resort and club, a new Metropolitan hotel and a residential villa development.

UAE’s Mulk Holdings Invests $40m In Nigeria’s Shopping Centre

The duty free shopping centre, situated in Lagos, is scheduled to be completed by 2016.

Qatar Plans Chicken IPO In 2015 To Resolve Poultry Meat Shortage

A chicken farm backed by Qatari investors will have capacity to produce 45 million kgs of chicken meat by 2018.

Tiger Woods-Designed Golf Course In Dubai To Be Built By Damac

The course will be operated by the Trump Organisation and will open by 2017, the developer said.

UAE To Activate $5.7bn China Currency Swap Soon

The agreement has been designed to facilitate two-way trade and investment.

Dubai Stock Index Ends Down 3.5%, Well Off July Low

The sell-off in Dubai and across the region came after the price of Brent crude hit a new five-year low of $65.33 per barrel.

Air Canada To Launch Direct Flights Between Toronto And Dubai

The three-times-weekly service will begin operating from November 2015.

Dur Hospitality To Tap Bank Loans As Riyadh Developer Expands

Dur Hospitality has been expanding across Saudi Arabia as the local economy picks up pace.

Blast Near Manama Kills Bahraini, Wounds Expatriate

The attack was the second fatal one in the Gulf Arab state in two days.

Ferrari World Developer Gets Debt Help From Moody’s

Abu Dhabi’s Aldar Properties plans to extend maturities on its obligations, its chief financial officer Greg Fewer said.

UAE Forex Peg Here To Stay -Central Bank Official

UAE central bank official Saif al-Shamsi said that the Emirates will continue with its currency peg to the US dollar.

Abu Dhabi-Based Royal Jet To Double Fleet By 2020

The private jet operator aims to operate a fleet of 20 aircraft by 2020.

UAE Central Bank Studying New Rules For Bank Lending Against Shares

The UAE has been looking to tighten regulations of its bourses ever since a steep fall in stock market earlier this year.

Saudi-Based Dur Hospitality Inks Deal With Marriot For Two Hotels

Marriott International will operate an 80-unit hotel and a 140-unit executive apartment complex in the diplomatic quarter in Riyadh.

Stock News: Dubai Plunges 4.2% As Oil Hits New Low

The main Dubai index drop almost neared its July low as panicky retail investors began selling off.

UAE’s Bank of Sharjah Plans To Refinance $200m Loan In Q1 2015

The bank is yet to decide whether to raise the amount to $250 million and whether to extend the tenor on the new facility to three or four years.

Abu Dhabi-Based Falcon Aviation Begins Work On $80m VIP Completion Centre

The facility, situated in Dubai World Central, is scheduled to be completed by 2015, the company said.

Oil Producers Face ‘Huge Liabilities’ In Climate Deal -Saudi Arabia

Saudi Arabia climate deal negotiator said that the new climate change policy should address the vulnerabilities of countries reliant on oil.

Saudi Arabia To Keep Jan Crude Supply To Asia Steady -Sources

Saudi Arabia blocked calls last month from poorer members of the OPEC for production cuts to arrest a slide in global prices.

REVEALED: Top 10 Companies In Qatar In 2014

The biggest listed businesses in Qatar, valued by market capitalisation.

Policeman Killed In “Terrorist” Attack In Bahrain – Interior Ministry

Police were investigating the attack in an area called Damistan, the ministry said in a statement.

Saudi Arabia Appoints Eight Ministers In Pre-Budget Reshuffle

The decree said the reshuffle was in preparation for the Kingdom’s 2015 budget, which is expected to be announced late this month.

Stock News: Dubai Leads Losses As Oil Drags Gulf Down

Brent crude oil fell more than $2 a barrel on Monday to a new five-year low.

UAE Aircraft Parts Maker Strata Predicts Revenue Jump, Plans Expansion

The company aims to create at least 600 jobs when it opens a second plant in 2017.

Pictures: Waldorf Astoria Dubai Unveils Luxurious Royal Suite

Waldorf Astoria Palm Jumeirah reveals the details of its royal suite, the largest in Dubai.

Saudi Arabia Arrests 135 Over Terrorism Charges

Out of those detained, 109 are Saudi citizens while the remaining 26 hail from Syria, Yemen, Egypt, Lebanon, Afghanistan, Ethiopia, Bahrain, and Iraq.

Chocolate Maker Mars Invests $60m To Expand Dubai Factory

The facility will now have a new production line for Snickers, and employ 50 additional people.

Abu Dhabi Sees Rental Growth Slowdown In First Nine Months Of 2014

Freehold residential rents rose by 2.7 per cent between Jan-Sept, compared to nine per cent during the same time in 2013.

Dubai Parks And Resorts says Dhs2.5bn IPO Many Times Oversubscribed

Dubai Parks and Resorts will list its shares on the Dubai Financial Market on Wednesday.

First Reactor Of UAE Nuclear Power Plant On Track For 2017 Start

The $20 billion Barakah project, funded by the Abu Dhabi government, is expected to provide 24 per cent of the UAE’s energy by 2020.