Emirates NBD Schedules Investor Meetings Ahead Of Potential Bond

The lender has picked six banks to arrange investor meetings across Europe starting Monday.

Bahrain’s Sheikh Salman Set To Win Asian Football Presidency Unopposed

Sheikh Salman will also secure himself a term as vice-president of soccer’s world governing body FIFA.

Abu Dhabi To Shut Two LNG Trains For Maintenance From March 15

The two 1970’s-built trains have a combined capacity of 2.1 to 3 million tonnes per annum.

Bank of Khartoum To Open First Gulf Branch In Bahrain

Bank of Khartoum has applied for a branch licence and is hoping to finalise the process of obtaining it within weeks.

Qatar Air Receives Second Airbus A350

Qatar Airways has ordered 80 of the newest European long-haul jet, which is designed to compete with Boeing 787 and 777.

Saudi Arabia Expects Oil Price To Stabilise

The minister said that the Kingdom wanted the market to stabilise but said it will not subsidise higher cost producers.

Ras al-Khaimah Eyes Sovereign Sukuk Issue – Sources

Any issue would be received well by investors as the emirate derives substantial support for being part of the UAE.

GCC Rail Completion Date Could Be Pushed To 2020 – UAE Minister

The UAE and Saudi Arabia are thinking of beginning their partial operation of the network by 2018, said the country’s minister of public works

Revealed: Top 10 Cities Offering The Best Quality Of Living

Dubai retains the top spot in the MENA region, while Vienna is named as the best globally.

Saudi Shipper Bahri Plans SAR3.9bn, 10-Year Sukuk Issue

The facility will be used to repay debt and for general business purposes.

Abu Dhabi, Japanese Firms In $300m Steel Pipe Venture

The facility, at Abu Dhabi’s Khalifa industrial zone, will produce 240,000 tonnes of sour grade steel pipes.

Oman’s PDO Ups Crude Output Above 2015 Plans

PDO’s production in January and February exceeded the planned average for the year as a whole.

Dubai’s Nshama Launches Dhs1m Townhouses In New Mega Project

The recently launched Town Square project is slated to be completed over 10 years, with phase one set to be ready by end-2017.

Saudi Arabia, South Korea Sign MoU On Nuclear Power

The MoU calls for South Korean firms to help build at least two small-to-medium sized nuclear reactors in Saudi.

Ajman’s Al Zohra Awards Dhs115m Contract For Phase 1 Infrastructure Works

The contract was awarded to AIMS Group to develop all road and utility works on the project.

Saudi’s Mobily Says Can Meet All Debts After Earnings Debacle

The company said that it does not anticipate difficulties with respect to future financing repayments and costs.

UAE’s ADNOC Raises February Crude Prices

ADNOC said on Wednesday it raised benchmark Murban crude prices to $56.55 per barrel, up $10.15 from the previous month.

Saudi Arabia Regulator To Resume Trade In Mobily Shares On Thursday

The regulator had suspended Mobily’s shares last Wednesday, after the company announced it had suffered a $243 million loss in 2014.

Dubai’s Aramex Proposes 14% Cash Dividend For 2014

Aramex made a 2014 net profit of Dhs318.4 million, the company said.

Egypt, Arabtec To Resume Talks On Housing Project -Source

The two sides agreed terms late last month, but the contract which Arabtec subsequently received included less attractive terms for the company.

UAE Bank ADCB Tightens Pricing For Bond

The lender has earmarked to price its bond issue at 97.5 basis points over midswaps, a document showed.

Dubai’s Emirates Says Adds $7.6bn To EU GDP

Emirates’ operations supported 85,100 jobs across the EU in the 2013-2014 financial year, the company said in a statement.

UAE Among Most Popular Global MICE Destinations In 2014 – Study

New visa exemptions and more routes from Emirates helped the country become a popular incentive destination.

Nshama’s Mega Project Signs On Vida Hotel And Serviced Residences

Vida Town Square Dubai will have about 180 rooms and serviced residences and will overlook the central park of the development, which is the size of 16 football fields.

Saudi Arabia’s MERS Death Toll Reaches 400

The Kingdom also reported four new cases of MERS infections, bringing the total number of infections to 931 since 2012.

Flydubai 2014 Net Profit Up 12.3% On Expanded Network

A total of 7.25 million passengers travelled with flydubai during the year.

Abu Dhabi Reports 48% Rise In Cruise Tourists

The emirate’s 2014/2015 cruise season has 94 confirmed vessel calls, up from 75 in the previous season.

Kerry Visits Riyadh To Soothe Fears Of Stronger Iran Under Nuclear Deal

Convincing Saudi Arabia to accept any agreed nuclear deal is important to the US due to the kingdom’s strategic position in the region.

Sharjah Islamic Bank To Meet Investors For Potential Sukuk

The bank has picked Abu Dhabi Islamic Bank, Al Hilal Bank, Dubai Islamic Bank, Emirates NBD, HSBC, KFH Investment and Standard Chartered to arrange the sukuk sale.

Dubai Hotel Guests Cross 11.6m, Up 5.6% In 2014

Revenues of hotels and hotel establishments rose 9.8 per cent last year to reach Dhs23.9 billion, officials said.