Taj Dubai Set For April Launch

Located in the Downtown district,Taj Dubai is the Indian luxury operator’s second Dubai hotel.

Oil Up More Than $1 After Saudis Raise Prices To Asia

Brent regained ground after tumbling up to five per cent on Thursday, when a preliminary nuclear deal was reached between world powers and Iran.

UAE Joins Asian Infrastructure Investment Bank

The UAE follows a number of other Gulf countries such as Saudi Arabia, Kuwait, Oman and Qatar that have flocked to join the new Asian bank.

Oman’s Bank Dhofar Sets Price, Ratio For OMR45m Rights Issue

The lender received shareholder approval for the offering on March 30.

Saudi Policeman Killed During Raid In Oil-Rich Eastern Province

Police officers were carrying out a search against “terrorist elements” and retrieved automatic weapons, pistols and communication equipment.

UAE Space Agency Visits NASA, Seeks US Partnership

The UAE is seeking to send the Arab region’s first unmanned mission to Mars by 2021.

Red Cross Gets Approval From Saudi-Led Coalition For Yemen Aid

The aid agency has been negotiating for nearly a week to deliver life-saving supplies and equipment to Yemen.

Abu Dhabi Airports Names Board Member Al-Mazrouei As CEO

He replaces Tony Douglas, who joined Britain’s defence ministry (MoD).

Yemen’s Houthis Ready For Talks If Saudi-Led Air Strikes Stop

Warplanes and ships from a Saudi-led coalition have been bombing the Houthi forces for 11 days.

Despite Gallery Delays, UAE Cements Status As Regional Art Hub

The UAE has been on an art-investing binge for three decades.

Luxury Developer Damac Opens Two New Hotel Apartments In Dubai

DAMAC Maison The Vogue and NAIA Breeze have a joint capacity of more than 500 suites.

Stock News: Dubai Leads Gulf Markets Up After Iran Nuclear Deal

The main Dubai stock index climbed 1.6 per cent in early trade on Sunday.

Dubai Developer Damac Considers London Tower Investment

The project in central London comprises 450 residential units as well as Grade A offices and retail space.

UAE March Non-Oil Business Growth Slows To 17-Month Low

Output growth dropped, while new order growth also slowed, found the HSBC UAE Purchasing Managers’ Index.

Saudi Non-Oil Business Growth Hits 6-Month High In March

The Saudi government has continued spending heavily on economic development and welfare projects despite the plunge of oil prices since last June.

UAE Fighter Jets Launch Airstrikes In Yemen Following Death Of Saudi Soldier

UAE fighter jets struck a surface-to-air missile base and a radar site in Marib.

Abu Dhabi Industrial Group Senaat Posts 5% Profit Rise In 2014

Senaat’s revenue increased by 16 per cent to Dhs13.4 billion in 2014.

Public Saudi Welcome For Iran Nuclear Deal Masks Private Unease

Arab leaders have been alarmed by Tehran’s drive to expand its influence and tighten its grip through allied forces and militias on Arab states.

Oman Gives Gulf’s Warmest Welcome To Iran Framework Deal

Oman was a key intermediary when Tehran and Washington launched secret talks on a possible nuclear deal in 2013.

Arabtec Profit On Egypt Project Won’t Exceed 7.5%

The company agreed terms last week with Egypt for the first phase of a $36.7 billion plan to construct one million homes across the country.

Bahrain Arrests Activist Nabeel Rajab Over Tweets

Rajab, founder of the Bahrain Centre for Human Rights, is appealing after being convicted in January of publicly insulting two state institutions.

Saudi Ambassador To US Says No ‘Formal’ Ground Troops In Aden

Sending troops in the future remains a possibility, he said.

Saudi Bank Aljazira Names Advisers For $800m Rights Issue

The rights issue will be used to strengthen its capital base and finance its activities, the bank said.

US Ready To Provide Aerial Refueling To Saudi Arabia

A senior U.S. military official said the US was helping Saudi keep an eye on Houthi forces and monitor the Saudi border with Yemen.

Kuwait’s Kufpec Says It Has Raised Additional $1.5bn Loan

The new funding will be used to finance the company’s current and future projects and international expansion plans.

Senegal President Asks Saudi-Based IDB To Help Organise Sukuk Bond

Senegal aims to issue between $500 million and $1 billion in debt on international markets this year.

Saudi-Led Coalition Airdrops Arms To Aden Forces

The light weapons, telecommunications equipment and rocket-propelled grenades were dropped over Tawahi.

Potential Loopholes Could Limit Impact Of Saudi Land Tax

One area of uncertainty is the minimum size of land to be taxed, and whether the tax will apply only to completely undeveloped land.

UAE Banks Apply Lending Brakes

With oil prices down sharply from June 2014 levels, and economic growth lagging, lending in the UAE is anticipated to slow in 2015.

Is Dubai The Gulf’s New Creative Hub?

With swelling advertising budgets and projects such as the Dubai Design District, the emirate is pitching its creative credentials.