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.

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.”