Saudi Would Consider Output Cut If Russia, Others Join In – Ex-Intelligence Chief

Oil has fallen since June to reach its lowest since October 2009.

UAE Merges State Firms To Create Major Defence Company

The new entity will combine 11 companies from Mubadala, Tawazun Holding and Emirates Advanced Investment Group.

Zain Saudi Rejects Mobily’s $586m Claim

The operator said it owed Mobily only SAR13 million.

Dubai Airport Passenger Traffic Up 5.7% In October

In the first 10 months of this year, traffic climbed 6.1 per cent to 58.41 million.

Saudi Set For Tighter 2015 Budget After Oil Price Falls

The government gets about 90 per cent of its revenue from oil exports.

UAE Space Agency Says Work On Projects Has Begun

The agency, established in July 2014, is working on the UAE’s mission to Mars.

Emirates Extends AC Milan Sponsorship Deal For Five Years

The airline will continue to sponsor the club’s shirts until the 2019/2020 season.

Saudi Regulator Halts Trading In Telcos Mobily And Zain Saudi

Mobily and Zain Saudi are embroiled in a money dispute.

Stock News: Saudi Petrochemicals Stocks Lead Riyadh Rebound

Oil prices rebounded three to four per cent after touching five-year lows on Monday.

Saudi Telco Mobily Says Seeks Arbitration On Money Owed By Zain Saudi

Zain Saudi owed Mobily SAR2.2 billion as of Nov. 30, 2013, a statement said.

Qatar’s Barwa Signs Deal To Sell Land Plots For $1.47bn

It said the buyer was a Qatari firm that was not a subsidiary of any listed company, but did not provide further details.

Qataris Leading Race For $900m Pepe Jeans Buyout

The clothing retailer, which is also selling its menswear brand Hackett, expects binding offers in around three weeks.

Dubai World Debt Deal Gets 70% Creditor Agreement So Far

The entity has been in talks to extend the maturity of the largest single repayment under a $25 billion debt restructuring agreement.

TDIC Seeks To Complete Financing For Abu Dhabi’s Biggest Mall

The District on Saadiyat island, is being developed by TDIC along with L Real Estate.

Bahrain Activist Maryam Al-Khawaja Jailed In Absentia For Assault

Khawaja, director of advocacy at the Bahrain Centre for Human Rights, was detained in August and later freed on bail.

Saudi Arabia Liberalises Investment Rules In Healthcare Sector

As per new rules, Saudi Arabia will allow foreigners and citizens who are not healthcare professionals to run hospitals and other medical institutions in the country.

Saudi Cabinet Says Oil Policy Purely Economic In Motive

The cabinet called for cooperation against market speculators and said that it was pleased with OPEC’s decision to keep output unchanged.

Flydubai To Receive 43rd Aircraft On 43rd National Day

This month sees the Dubai airline start three services in Eastern Europe

Abu Dhabi Desert Showcased As Star Wars VII Trailer Releases

The movie, which will be released in December 2015, was partly filmed in Abu Dhabi earlier this year.

Saudi Regulator Suspends Deloitte From Auditing Listed Firms

A circular from the Capital Market Authority said the suspension was due to a case involving an unidentified firm and would stay in place until its conclusion.

UAE Cabinet Approves 2015 As Year Of Innovation

The cabinet also issued directions to all government entities to revise policies in order to provide a nurturing environment for innovation in the country.

Asia Expects Big Saudi Price Cuts, But Producer May Deviate

Saudi Arabia cut prices for crude sold to Asia in four of the past five months, part of its strategy in a fight for market share against non-OPEC producers.

Google, UAE National Archives Display Over 30 Historic Photos, Videos Online

The exhibit will feature events like the signing of the Declaration of the Union on December 2, 1971 by the UAE’s founding fathers.

Doha Bank Shareholders Approve India Assets Buy

HSBC Bank Oman said in April it had agreed to the sale of its Indian business to Doha Bank.

Stock News: Gulf Markets Choppy; Zain Saudi Plunges

Oil fell nearly $2 a barrel in Asian trade on Monday and both U.S. crude and Brent have fallen for five straight months.

Emirates Starts A380 San Francisco Flights

Houston will also join the airline’s superjumbo network this week

Saudi’s Almarai Says October Bakery Fire Will Not Impact Finances

One of the plants at the facility had been destroyed, while another had its structure partially damaged.

Qatar Court Overturns Conviction Of US Parents In Death Of Adopted Girl

The Huangs were arrested in January 2013 after their 8-year-old daughter, Gloria, died unexpectedly.

Gulf Stock Markets Bleed After OPEC Lets Oil Slide

Saudi Arabia’s bourse took the biggest hit, dropping 4.8 per cent to 8,625 points, its lowest close since early January.

Asia Will Feel Positive Impact Of Qatar 2022 – Official

Hassan Al Thawadi assured Asian Football Confederation members they too would also feel the positive affects of a first World Cup in the Middle East.