Emirates Launches Second A380 Daily Service To Zurich

The second A380 service will begin from October 1, 2015, adding 945 seats per week on the route.

Two Saudi Policemen Shot Dead In Riyadh

The policemen were patrolling in their vehicle at 1:30 a.m. when shots were fired at them.

GGICO Launches New Apartment Complex In Silicon Oasis

The first phase of the project will consist of 240 one bedroom apartments with prices starting at Dhs536,892.

Dubai’s ICD Acquires Stakes In Three Hotels

The fund’s latest acquisitions include the W Hotel in Washington D.C., a majority stake in New York’s Mandarin Oriental and minority stake in One&Only Cape Town.

Dubai Rent Growth Slows To 3% In Q1 2015

Apartment rates in Dubai saw a drop or gain between one and three per cent, while villa rates were largely unchanged.

Saudi’s Jarir Marketing Q1 Net Profit Rises 22.7%, Beats Forecasts

It made a net profit of SAR247 million in the three months to March 31.

Dubai’s Ruler Endorses Dhs14bn Nakheel Projects

The projects include a 12 million sq ft mixed used development in Deira Islands that will feature a massive mall with a glass dome.

Saudi Pumps Up Oil Production To A Record High Of 10.3m Bpd

The Kingdom produces more than 10 per cent of the world’s crude.

Saudi’s Naimi Says Ready To Help Improve Oil Prices, But Not Alone

The Saudi oil minister also said he expected oil prices, that have languished near six-year lows, to improve in the near future.

US Speeds Up Arms Supplies To Saudi-Led Coalition

Washington is also stepping up intelligence sharing with the coalition, which is conducting military airstrikes against Houthi fighters in Yemen.

US, Saudi Arabia Sanction Pakistani Charity Al-Furqan

he Treasury said its sanctions would shut Al-Furqan out of the U.S. financial sector and prohibit Americans from doing business with the organisation.

No UAE Government Bond Law Before Year End -Official

A formal law could help develop the country’s bond market and cover any future budget deficits due to low oil prices.

Standard Chartered UAE CEO Becomes Latest Executive To Depart

Nathani will remain at the bank during his notice period and ensure a smooth transition to a successor, the lender said.

UAE’s Banking And Finance Jobs Up Despite Oil Price Drop

Overall the job listings in the Middle East rose 14 per cent year-on-year in March, the index showed.

Dubai’s Pacific Control Systems Raises Dhs1bn In 72-Month Loans

The syndication was a mix of conventional and Islamic financing structures, a bourse filing said.

Yasref Refinery In Saudi Arabia Loads First Petcoke Cargo

The new 400,000 barrel per day refinery had previously started exports of diesel and gasoline.

Kuwait Fund To Lend Egypt $1.5bn Over Next Five Years

Kuwait, Saudi Arabia and the United Arab Emirates have provided billions of dollars of aid to Egypt in the past two years.

Etihad, Jet Confirm Sponsorship Of IPL Cricket Team, Mumbai Indians

The airlines’ logos will feature on the team’s shirts, and their branding will also be advertised in the Wankhede Stadium.

Pakistan Parliament Resumes Debate On Yemen Operation

Saudi has asked Pakistan to join its military coalition that began conducting air strikes last month against Houthi forces in Yemen.

Saudi’s Riyad Bank Q1 Net Profit Rises 8.6%

The bank said it made $312 million in the three months to March 31.

Reem Island Murder Accused Pleads Not-Guilty; Case Adjourned To April 14

The accused denied all charges by the public prosecution against her, saying that she had a mental illness.

Revealed: Top 10 Richest Arabs In The World

Saudi billionaire Prince Alwaleed tops the 2015 of the top 100 richest Arabs in the world as compiled by Forbes Middle East.

Obama Calls Oman Leader To Discuss Iran Nuclear Deal

Obama also reiterated the U.S. commitment to address “Iran’s destabilising activities in the region.”

Kuwait’s Aayan Seeks Rescheduling Of $586.7m Debt

As part of the restructuring plan, Aayan plans to liquidate some of its portfolio of listed Kuwaiti companies.

Emaar’s Egypt Unit Signals Chairman Role Change Ahead Of Float

There has been increased speculation that Mohamed Alabbar may leave Emaar due to his other commitments in the real estate sector.

Saudi’s Almarai Q1 Profit Gains 12% On Higher Sales

The firm made a profit of SAR306.5 million ($81.7 million) during the first quarter of 2015.

Saudi Poultry Firm Al Watania Plans Stock Market Float – Sources

Bankers will make formal presentations to the company this month and Al Watania will decide on who will advise it on its Saudi listing by May.

Nshama Launches Apartments For Less Than Dhs350,000 In Town Square

The developer has launched 306 apartments including a mix of studio, one, two and three bedroom units in the initial phase.

Louis Berger Inks $100m Deal To Develop Madinah’s Public Transport System

The firm will act as the programme management office consultant (PMOC) for the public transportation project that aims to ease congestion.

Saudi Request For Help In Yemen Puts Pakistani PM In A Bind

Joining the Saudi-led coalition could inflame a sectarian conflict in Pakistan, where around a fifth of the population is Shi’ite.