UAE Hits Out At Pakistan’s Neutral Stand In Yemen Crisis

UAE Minister Anwar Gargash has criticised Pakistan for not sending military assistance to the Saudi-led coalition fighting Yemen’s Houthi militants.

Saudi King Relieves Health Minister, Second In A Month

Mohammed bin Abdulmalik bin Abdullah Al Al-Sheikh will be acting health minister, state news agency SPA said.

Sheikh Mohammed Approves Plans For Dubai Metro’s Red Line Extension

The project will extend the Red Line to the Expo 2020 site and will add 15 kilometres in length and seven stations.

Houthi Mortar Shell Kills Three Saudi Officers On Yemen Border

The statement was given by Saudi’s defence ministry.

Serbia Gives Go-Ahead To UAE Development Plan For Belgrade

The project includes the construction of 5,700 apartments, 2,200 hotel rooms, offices for 12,700 people, a shopping mall and a 200-metre tower.

Saudi Authorities Catch Police Shooting Suspect

Police found the weapon and car used for the shootings at the home of Rami Abdullah Thulab al-Shammari.

Will Bahrain Emerge Stronger From Cheap Oil Era?

Bahrain is walking a fine line as it tries to balance social spending and a growing fiscal deficit during a period of cheap oil.

Iran Summons Saudi Envoy Over Houthi Remarks

Iran’s Foreign Ministry said the envoy was summoned over the “baseless accusations” by Brigadier-General Ahmed Asseri.

Biggest Gulf Hedge Fund Launch For 5 Years Eyes Ethical Bets

Kothari Investment Partners is looking to appeal to a broader investment base, including ethical investors in Europe.

Saudi Oil Minister Adviser: Annual Oil Demand Seen Growing To 1m bpd

The increase is in line with the growth in world consumption, which is likely to increase to 105 million bpd in 2025.

Emirates To Launch A380 Daily Service To Copenhagen

The airline will deploy its two-class configured A380 from December 1, 2015 on this route, significantly increasing capacity.

Mohamed Alabbar to acquire stake in YNAP from Richemont

Mohamed Alabbar: Other Board Roles Not Affecting Emaar

The Emaar chairman has refuted allegations that his role on the board of other property companies is causing a conflict of interest.

Iran’s Khamenei Says Saudi Air Strikes In Yemen Causing Genocide

Iran’s Supreme Leader Ayatollah Ali Khamenei called for Saudi Arabia’s actions in Yemen to be tried in international courts.

Dubai Refiner ENOC Marketing $1.5bn Long-Term Underwritten Loan – Sources

The syndication phase was launched on Wednesday and will allow additional lenders to join in the facility.

Dubai’s Nshama Awards Town Square Service Contract To Binladin Group

Saudi-based Binladin is the first company to win a contract for the mega 31 million sq ft Town Square development in Dubai.

Saudi Arabia Postpones Third Phase Of Nitaqat Over Private Sector Backlash

The latest phase requires a large increase in local employee quotas in the private sector, which could lead to a negative impact on the economy.

Saudi Arabia Blocks Iran Flight Carrying Pilgrims

Th Iranian flight carrying 260 pilgrims, had not got prior clearance, Saudi’s state news agency reported.

Saudi-Led Air Strikes Hit Sanaa, Border Areas And South Yemen Overnight

Saudi Arabia, backed by four GCC states and other allies, has waged two weeks of air strikes against the Iran-allied Houthis.

Iranian President Calls On Saudi To End Yemen Air Strikes

Saudi Arabia and a coalition have waged air strikes against the Iran-allied Houthis to try to drive them back from Aden.

Oil Edges Back From 6% Fall, But Outlook Weak

The slump in the previous session was triggered by a shock jump in U.S. crude inventories and record Saudi output.

Kuwait Reintroduces Compulsory Military Service For Citizens

The new law mandates all men to undergo compulsory military training once they reach the age of 18 and to remain in reserve forces till the age of 45.

Saudi’s Bahri Says Q1 Net Profit More Than Doubles

It attributed the rise to an increase in its fleet of very large crude carriers to 31 from 17.

Abraaj Says Completes Investment With TPG In Saudi’s Kudu

The deal is a first in the region for TPG, which manages about $65 billion of capital.

Qatar Lends Palestinians $100m To Pay Salaries

Palestine is in the midst of an economic crisis triggered by a row with Israel over taxes.

UAE Says Sees Iranian Meddling In Yemen, Region

GCC states had little grounds for hoping they could build normal ties with Tehran, said the UAE’s foreign minister.

US Firm Apollo Plans To Expand Into Mideast Via Dubai Joint Venture

Apollo is the world’s third-largest alternative asset manager after Blackstone Group and Carlyle Group.

Saudi Shipper Bahri Signs Deal With South Korea’s S-Oil

Bahri expects to book revenues of at least $67 million annually from the deal.

Banque Saudi Fransi Q1 Net Profit Rises 22.7%, Beats Forecasts

The bank attributed its rise in net profit to an increase in total operating income.

Saudis Say Efficiency Drive To Save 20% Of Energy Use

Rules introduced in the last few years require homes and businesses to install insulation and tighten standards for air conditioners.

Qatar National Bank Q1 Net Profit Up 10.1%, Beats Forecast

The bank reported a net profit of $741.7 million for the first quarter of 2015.