France Says To Start Delivering Jets To Qatar From Mid-2018

Qatar had agreed to buy 24 Dassault Aviation-built Rafale fighter jets in a deal worth 6.3 billion euros.

UAE’s Topaz Says Secures $550m Loan To Refinance Debt, Expand

The loan consisted of three portions lasting between five and seven years.

Global Investment House Says Files To Relist In Kuwait

The timing for the listing would be dependent on approval from Kuwait’s Capital Markets Authority.

Nakheel’s New Dragon City Project To Begin Leasing Retail Space

The developer is offering 1.3 million sq ft of new shop and showroom space in its mixed use development.

Qatar Wealth Fund To Open New York Office As U.S. Portfolio Grows

The office opening is part of the fund’s strategy to shift its focus from Europe to Asia and the US.

High Living Costs Impact UAE Residents’ Ability To Leave An Inheritance- Survey

The majority of UAE residents want to leave behind an inheritance but only a fraction are confident of doing so, a new survey says.

Abu Dhabi’s TAQA Says Appoints Acting CFO

Grant Gillon has been appointed the acting chief financial officer of TAQA.

Oman’s United Finance Gets Acquisition Proposal From National Bank Of Oman

Any deal would require the approval of the board of directors, the shareholders and the regulators, United Finance said in a statement.

Etihad To Start Second A380 to London From May 1

Two of the airline’s three daily flights to London will now be operated by the jumbo jet.

France, Qatar Seal $7.05bn Rafale Fighter Jet Deal

The deal is reportedly for 24 Dassault Aviation-built Rafale planes with an option for 12 more.

Sharjah Aims To Attract 10m Tourists By 2021

The emirate’s tourism promotion agency said that it has outlined a clear plan to attract tourists and improve their experience.

Bahrain-Dubai Joint Venture Closes Third Bombardier Deal

The deal for the leasing of three Bombardier Q400 NextGen planes is worth $94 million at list prices.

Omantel Q1 Net Profit Rises 0.6%

Omantel said its first-quarter net profit was impacted by losses at subsidiaries.

Qatar’s Ooredoo Q1 Net Profit Falls 43%

The telecoms firm had reported declining profits in four of the previous six quarters.

Abu Dhabi Sovereign Wealth Fund To Buy HK Hotels In $2.4bn Deal

A JV formed by New World and ADIA will buy stakes in three Hong Kong hotels.

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Saudi Arabia Bans Poultry Meat From Canadian Province Ontario

The ban was imposed due to the presence of avian influenza on three Ontario farms.

Kuwait Seeking Around $10bn Loan For Clean Fuels Project

The project will upgrade and expand two of the Gulf Arab state’s largest existing refineries.

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.