Saudi Aramco Says Signs $10bn Dual-Currency Loan

The loan will replace an existing $4 billion facility due to mature later this year.

Dubai’s ENOC Appoints New CEO

Saif Humaid Al Falasi will replace Saeed Al Khoory, who has served as ENOC’s CEO since 2007.

Pakistan Defence Team Heads To Saudi To Discuss Support

Pakistan, an ally of Saudi Arabia, has yet to commit itself publicly to military support to Riyadh’s campaign in Yemen.

Dubai Airport Passenger Traffic Rises 5.3% In Feb

Passenger numbers climbed to 5.97 million in February from 5.68 million a year earlier.

UAE’s Al Noor Hospitals 2014 Profit Rises 36% On More Outpatients

Abu Dhabi’s largest private healthcare provider, listed in London, reported a net profit of $84 million for 2014.

UAE Drafting Law For 100% Foreign Ownership Of Firms – Minister

Sultan bin Saeed al-Mansouri did not specify in which sectors the government would permit full foreign ownership of companies.

Saudi Sipchem Says Production To Begin At $800m Plastics Plant

The plant will make 200,000 tonnes per year of polyethylene and EVA, two forms of plastics.

Two Policemen Shot, Injured In Saudi Capital

Police are conducting an investigation into the shooting, which came from a car.

Bahrain’s Mumtalakat, Investcorp Acquire Private School Network In US

Nobel Learning, which operates 176 schools across 18 states, was acquired from Leeds Equity Partners for an undisclosed sum.

Warplanes Hit Yemen’s Sanaa Overnight, After Dawn – Residents

Saudi and nine other Sunni Muslim countries commenced air strikes against the Shi’ite Houthi militia on March 26.

Oman’s Bank Dhofar Gains Board Approval For $117m Rights Issue

The rights issue would be in addition to the planned Tier 1 bond of $300 million.

Oman Air Says Orders 20 Boeing 737s; To Double Fleet By 2020

The airline plans to use these aircraft to grow its domestic network, and key regional markets like the Gulf and India.

Yemen Strikes Will Continue Until Hadi Can Rule -Saudi

An official said that strikes had succeeded in stopping the Houthi advance on Aden and in putting pressure on the group across the country.

Kuwait Oil Tanker Shipments Unaffected By Yemen Operations

An official said that tankers were operating in a safe and usual manner through the Bab el-Mandeb strait.

Agility Trims 2014 Dividend Despite 10% Q4 Net Profit Gain

The firm said in a statement on Sunday its net profit in the last quarter of 2014 grew to $45.7 million.

Saudi Arabia Has Not Made Decision On Sending Ground Troops To Yemen

In separate comments, Saudi Arabia said it was committed to completing its air campaign aimed at dislodging Iranian-backed Houthis rebels.

Dubai Property Prices Fell Slightly In Jan, Feb 2015 – Report

Property transactions slowed by 20 per cent year-on-year in January and 17 per cent in February, said the report.

Emirates Amends Cockpit Policy Post Germanwings Crash

The new policy will require two crew members to be present at the cockpit at all times.

Putin Letter To Arab Summit Triggers Strong Saudi Attack

Saudi Foreign Minister Prince Saud al-Faisal has accused Russian President Vladimir Putin of hypocrisy.

Fighting, Airstrikes Throughout Yemen As Dialogue Remains Distant

Saudi-led coalition warplanes struck military targets at airports in the capital Sanaa and in Hodeida, the main Red Sea port.

Saudi-Led Air Strikes On Yemen Kill 35 – Health Ministry

The victims were in the provinces of Sanaa, Saada and Hodeidah, an official in the Houthi-controlled health ministry said.

Qatar’s Bourse Says Plans Rights Issue Trading

The bourse gave no specific timeline for the reform.

UAE’s Islamic Banking Assets To Reach $263bn By 2019

Islamic banking assets in the Emirates crossed $1 billion in 2014, a new report says.

Dubai’s Majid Al Futtaim Rules Out IPO, Plans Egypt, Saudi Expansion

The Dubai-based conglomerate will open its first Magic Planet In Saudi Arabia this year.

Credit Suisse Raises UAE Equities To Overweight From Neutral

The key risks for the UAE stock markets are an escalation of the military conflict in Yemen and renewed weakness in oil prices, Credit Suisse said.

Yemen President Fires Predecessor’s Son, Escalating Power Struggle

Ahmed Ali Saleh, son of former president Ali Abdullah Saleh, was Yemen’s ambassador to the United Arab Emirates.

Rising Costs Facing Mideast Firms In Fight Against Financial Crime

Many companies polled said that compliance costs had surged by more than 50 per cent over the last two years.

Foreign Direct Investment Flows To Dubai Reach Dhs28.6bn In 2014

The emirate’s top source countries for investment were the US, the UK, India, Netherlands, Germany and Italy.

Saudi Kayan Olefins Plant Resumes Production

Saudi Kayan had said earlier that it would shut several units at its petrochemicals complex in Jubail for about five weeks.

Prince Bishop Wins Dubai World Cup

Prince Bishop, trained by Godolphin’s Saeed bin Suroor, completed the 2,000 metre contest in two minutes 03:24 seconds.