Emirates, Etihad Nearly Collide In Indian Airspace

An onboard warning system in cockpits alerted the pilots of an impending collision, averting a major accident.

HSBC Bank Oman Completes Sale Of India Assets To Doha Bank

Shareholders of Doha Bank, Qatar’s fifth-largest lender by assets, approved the purchase in December 2014.

UAE’s Al Jaber Group Suspends CFO Pending Discplinary Action

Sam Deeb, the group’s CFO, was appointed in January 2014.

Saudi Arabia’s Jeddah Metro Seen Operating By 2020 -Official

The metro would be 149 kilometres long with 20 kilometres of the line laid out underground, an official said.

Rwanda Signs Deal With UAE-Based Company For Water Treatment Plant

Under a public-private partnership arrangement lasting 27 years, water will be taken from the Nyabarongo River and treated for use in the capital Kigali.

Saudi Butanol Co Says Plant To Start Trial Operations In Q3 2015

Testing of the plant’s performance will take between three and six months, the company said.

Saudi Arabia Says No “Automatic” Ground Offensive In Yemen

Six days of air strikes have targeted Houthi-held military hardware but have so far failed to eject the militia from cities it holds.

New Supercar Making Facility in Dubai To Start Production In 2016

W Motors, makers of the Lykan supercar, confirmed that work on the facility was progressing well.

Abu Dhabi’s TDIC Delays Fundraising Plans For Huge Shopping Mall – Sources

The move by the Abu Dhabi state-owned investment fund casts doubt on whether this key part of the emirate’s infrastructure plans will go ahead.

GCC States Move Towards Introducing VAT

A legal team has been assigned to build a framework by May this year for the eventual introduction of VAT in the region.

Hunger Games-Inspired Zone To Open In Dubai Parks And Resorts Project

The new zone will feature theme park attractions inspired by Lionsgate’s blockbuster motion picture franchises The Hunger Games franchise and Step Up.

Iran Says Could Cooperate With Saudi To Solve Yemen Crisis

Iran’s deputy foreign minister Hossein Amir Abdollahian said that Tehran has a proposal to end the conflict in Yemen.

Yemen Minister Calls For Arab Ground Push “As Soon As Possible”

A Saudi-led coalition has bombed Iran-allied Houthi fighters and army units fighting against President Abd-Rabbu Mansour Hadi.

National Bank Of Kuwait Sets IPTs For Benchmark Dollar Tier 1 Bond

The bond will be issued through a special purpose vehicle, NBK Tier I Financing Ltd, and be guaranteed by NBK.

Saudi Arabia Says Military Push Will Last Until Yemen Stable

Saudi Arabia, along with a coalition of Gulf states, is conducting airstrikes against Houthi rebels in Yemen.

UN Says Donors Pledge $3.8bn To Syria Crisis

The United Nations has appealed for $8.4 billion for Syria this year to help deal with the ballooning humanitarian crisis.

Saudi’s Sipchem Says Initial Operations Begin At Plastics Plant

The plant, located in Jubail Industrial City, will manufacture up to 63,000 tonnes per year of polybutylene terephthalate (PBT) resin.

Saudi’s Sidra Capital Opening Islamic Trade Fund To GCC Investors

The fund provides working capital to small businesses focusing on agricultural commodities, energy and metals, a segment often neglected by Islamic lenders.

Saudi-Led Strikes Again Hit Yemen Overnight

The strike are aimed at stopping the Houthis from taking more territory and pressing them to negotiate a power-sharing deal with President Abd-Rabbu Mansour Hadi.

Dubai’s Arabtec Says Appoints CEO For Its Construction Unit

Raja Ghanma has been promoted from chief operating officer to CEO of Arabtec Construction, Arabtec Holding said in a bourse filing.

Global FDI Flows Fall 8% In 2014 As Economic Growth Falters

Foreign direct investment (FDI) to the UAE, which although grew 25 per cent in 2014, did not reach the estimated amount of $14.4 billion.

Dubai’s Drake & Scull Proposes No 2014 Dividend

The company’s profit fell to Dhs100.7 million ($27.42 million) in 2014 from Dhs166.5 million a year earlier.

Saudi To Link Foreign Investment To Infrastructure Projects

Prince Saud K. Al Faisal said that under a new programme, the government would propose investments linked to such state spending plans.

Dubai Developer Damac Says Sales Boosted By Foreign Buyers

Ziad El Chaar said the momentum in the property market was being driven by foreign buyers, both those living in Dubai and abroad.

FIFA is considering a request from the South American Football Confederation for hosts Qatar to play Ecuador a day earlier than previously planned

Qatar 2022 World Cup May Not Need Cooling Systems

Lower temperatures during winter will help do away with the need for cooling systems, a top official said.

Air Strike Kills At Least 40 At Yemen Camp For Displaced

Yemen’s state news agency Saba, which is under the control of the Houthis, said the camp at Haradh was hit by Saudi planes.

Saudi King Says Open To A Meeting Of All Yemeni Political Parties

The conditions for the talks would include returning weapons to state authorities and not threatening the security of Yemen’s neighbours.

Qatari Investors To Pay $5bn For 49% Shandong Dongming Petchem Stake

The cash will be used to finance a number of projects that Shandong is currently working on.

Etihad Makes Entry Into Spain

Spanish capital is now served by all three major Gulf airlines

Roamer App Says It Has Bypassed Block Of VoIP Providers In UAE

The app allows users to make low-cost calls when roaming aboard through an internet or GSM connection.