UAE Ranked 15th Top Expat Destination Globally, 10 Spots Below Bahrain, In New HSBC Survey

Switzerland, Singapore and China were ranked as the top three expat destinations worldwide.

Dubai Islamic Bank Q3 Net Profit Rises 55.7%

The bank made Dhs676.8 million of net profit attributable to the owners of the bank in the three months to September 30.

Abu Dhabi’s Aldar To Launch New Projects In Next 3-4 Months

The company’s new projects will mostly target mid-income buyers and tenants, CFO Greg Fewer said.

Saudi’s National Commercial Bank Q3 Net Income Up 7.8%

NCB, which is currently undertaking the largest ever IPO in the GCC, made $498.4 million in the three months to September 30.

Stock News: UAE, Qatar Markets Rise On Earnings

Emirates NBD and Abu Dhabi Commercial Bank posted strong third quarter results.

Abu Dhabi Education Council Orders School Closure By 2015 After Girl’s Death

Al Worood Academy Private School will be shut down for grave negligence after a four-year pupil died after being left in a school bus.

Abu Dhabi Commercial Bank Posts 16.4% Q3 Net Profit Gain

The lender made a net profit attributable to equity holders of Dhs1.02 billion.

Emirates NBD Q3 Net Profit Doubles, Beats Forecasts

ENBD’s earnings have been given a lift in recent quarters by a resurgence in the Dubai economy.

Abraaj Aims To Soon Complete Purchase Of Saudi Fast-Food Chain Kudu

The private equity firm has been in exclusive talks for months to buy a controlling holding in the restaurant group.

Kuwait’s Global Investment House Says Shareholders Approve Capital Cut

The investment firm aims to write-off of $327.9 million of its losses through a capital reduction.

Saudi Cement Posts Near-Flat Q3 Profit, Beats Forecasts

The company made a net profit of SAR232 million ($61.8 million) in the third quarter, up from SAR229 million in the corresponding period of 2013, according to a bourse filing.

Saudi Samba Q3 Profit Up 9% As Operating Income Rises

The bank said it made a profit of SAR1.28 billion ($341.2 million) in the three months to Sept. 30, up from SAR1.17 billion in the same period a year earlier.

Saudi Samba Q3 Profit Up 9% As Operating Income Rises

Crude output from their jointly-run offshore Khafji oilfield has been halted temporarily to comply with environmental rules.

Oman Studying Ways To Limit Spending After Oil Price Plunge

Oman needs a relatively high oil price to balance its budget, so its state finances are more vulnerable than most to the drop of Brent crude oil to around $85 a barrel.

Qatar Insurance To List Subsidiary Focused On Foreign Markets

This will be the second initial public offering (IPO) in Qatar after a long period.

EU Targets Ministers, UAE Firm In Latest Syria Sanctions

The moves were part of a gradual tightening of EU sanctions against the government of Syrian President Bashar al-Assad.

Saudi Arabia Slams Critics Over Worst Airport Claims

King Abdulaziz International Airport in Jeddah was rated the world’s second worst airport by a travel website based on an online poll.

Qatar’s Doha Bank 9-Month Net Profit Gains 10%

The lender made QAR1.1 billion in the year-to-September 30, compared to QAR1 billion in the year earlier period, a bourse statement said.

Saudi Fransi Capital Says Three Big IPOs In Pipeline As Market Booms

Each of the three big IPOs currently in Saudi Fransi’s pipeline is larger than SAR1 billion ($267 million), the company’s chief executive said.

Kuwait’s Agility Sees Revenue Rebound On Emerging Markets

The company’s logistics and freight forwarding businesses, which account for most of its revenue, have been hit by instability in the global economy over the last few years.

IKEA To Open Middle East’s Largest Distribution Centre In Dubai

The distribution centre is also IKEA Group’s first direct investment in the region and is scheduled for completion in September 2015.

Oman Oil In Talks With US-Based Occidental Petroleum To Buy Its Local Assets

Oxy had said in October 2013 that it planned to sell a minority stake in its MENA operations as part of a restructuring programme.

Abu Dhabi Reports Progress In Louvre Museum Construction

A huge dome structure weighing 7,000 tonnes has been installed as part of the museum project.

Stock News: Qatar Edges Up On Q3 Results, UAE Bourses Mixed

Dubai’s benchmark edged down 0.4 per cent as shares in builder Arabtec Holding fell 2.6 per cent and Emaar Properties lost 0.6 per cent.

Etihad, Alitalia Unveil New Aircraft For Expo 2015

The airlines will fly two Airbus A330-200 aircraft with the Expo livery starting from October 21 between Rome and Abu Dhabi.

Saudi’s Sipchem Blames Plant Shutdowns For Q3 Net Profit Drop

Saudi International Petrochemical Co reported a 13.3 per cent drop in third-quarter net profit.

Abu Dhabi’s Waha Capital Gets Regulatory Nod For Share Buyback

Waha Capital has secured regulatory approval to buy back up to 10 per cent of its outstanding shares.

UAE Starts Process Of Building Arab Region’s First Mars Probe

The UAE Space Agency and the Emirates Institution for Advanced Science and Technology, EIAST, will develop the probe.

UAE Declares Islamic New Year Holiday For Private Sector

Islamic New Year is likely to fall on Friday, October 24 or Saturday, October 25.

Saudi Inmate To Stay At Guantanamo, Another Cleared For Transfer

Muhammed Abd Al Rahman Awn Al-Shamrani, 39, should stay at the prison because he remains a security threat, the Periodic Review Board said.