Saudi Arabia Fears Yemeni Tumult May Boost Its Main Foe Iran

The capture of Yemen’s capital Sanaa by Houthi fighters, who have ties with Iran, has jolted Saudi Arabia.

Bahrain To Detain, Question Activist Nabeel Rajab For One Week

Rajab was freed in May after two years in jail on charges of organising and participating in illegal protests.

US To Deploy 2,300 Troops To Kuwait As Part Of Crisis Unit

The unit, which will include several aircraft, has been deployed to deal with sudden contingencies, said Pentagon spokesman Rear Admiral John Kirby.

Revealed: Last Minute Eid Hotel Deals In The UAE

Packages still available for hotel stays across the country on local deals website Triperna.com.

Emaar Properties Mulls Listing Hotels Unit – Chairman

Emaar sold a 15.4 per cent stake in Emaar Malls Group (EMG) in an initial public offer last month, raising $1.6 billion.

Dubai Detectives To Get Google Glass Face-Recognition Technology

Software developed by Dubai police will enable a connection between the wearer of the glass and a database of wanted people.

Up to 40% Of UAE YouTube Users Come From Mobile

A study by Google found that 80 per cent of smartphone users in the UAE watch online videos on their devices.

Emirates President Says Asian Demand For Africa Flights Hit By Ebola

Emirates suspended flights to Guinea in August, but has continued flying to other affected destinations.

Dubai Bourse To See Further Listings By Year-End – Chairman

DFM chairman Essa Kazim said that the bourse expects to receive one more listing before the year-end.

Dubai’s Emaar Malls Group Jumps 20% On Listing

Emaar’s shares, which were sold at Dhs2.90 in the heavily oversubscribed IPO, rose to Dhs3.49 on the market.

National Bank of Kuwait Says Sells Qatar Bank Stake For $538m

The bank will book a profit of KD25 million from the sale in its 2014 accounts, it said in a bourse filing.

Saudi’s National Commercial Bank Says To Raise $6bn In IPO

The bank will sell 300 million shares to Saudi individual investors and 200 million shares to the state-run Public Pension Agency at a price of SAR45 per share.

Bahrain Summons Activist Over Critical Tweets – Ministry

The Ministry said that Nabeel Rajab was summoned for questioning on Wednesday “regarding tweets posted on his Twitter account that denigrated government institutions”.

Saudi Cuts Official Crude Oil Prices In Battle For Market Share

The move comes amid calls from some within the OPEC for action to shore up prices, as international benchmark Brent crude oil has slumped to a two-year low.

Budget Airline AirAsia Considers Flying Into Dubai -Group CEO

The group’s chief executive said that he was not currently looking to set up an affiliate in Dubai, but it could be a possibility in the future.

Abu Dhabi Bourse Aims For Debt Trading Market With Govt Bond Listing

The introduction of debt listing and trading is expected to expand the exchange’s activities and make it easier for local companies to sell debt instruments.

Dubai Financial Regulator Seeks To Wind-Up Local Arm Of Espirito Santo

The Portuguese financial group’s problems have been escalating since accounting irregularities were identified at one of its holdings earlier this year.

Dubai Lender ENBD Raises Debut New Zealand Dollar Bond

The bond represents the cheapest five-year funding raised by Emirates NBD in the last six years.

UAE Consumers Not Concerned With iPhone 6 Plus Bending Issues

While ‘Bendgate’ may not have an impact, concerns that the phone does not have a “premium” feel may hamper UAE sales, says expert.

UAE Residents Prefer Luxury Experiences Over Goods-Study

The study noted that 33 per cent of the UAE residents expect to step up their luxury spending over the next few months.

Nakheel Awards Dhs120m Infrastructure Contract For Al Furjan To Dubai Firm

The contract is for work in Al Furjan Phase 2 and covers the construction of 16km of roads at the community.

National Bank Of Fujairah Launches New Islamic Unit

NBF Islamic will offer a series of retail banking products in the initial stage but the bank plans to diversify Islamic offerings.

Dubai Chamber Of Commerce Opens Ghana Office

The office adds to DCCI’s presence in the Ethiopian capital Addis Ababa.

Dubai World Agrees Restructuring With Largest Creditors

Under the new deal, the repayment date of the biggest chunk of debt under Dubai World’s $25 billion restructuring would be extended.

Mondelez Plans $90m Biscuit Plant In Bahrain

The new plant will create about 300 jobs, the company said.

Revealed: Top Five Affordable Areas To Rent In Dubai

The areas that command the least residential rental rates in Dubai, as compiled by propertyfinder.ae.

Gunmen Wound Saudi Policeman In Shi’ite Muslim Stronghold

The policeman was shot and wounded by unknown assailants while stationed at a checkpoint at the entrance to the town of al-Awamiya late on Monday night.

Oman’s Bank Sohar Says CEO Resigns, Names CFO As Acting Head

Rashad Ali al-Musafir, the bank’s chief financial officer, would replace Kalmoor as acting CEO for an interim period, the bank said in a bourse filing.

Abu Dhabi’s TDIC Sells Out Phase 1 Of New Beachfront Project, Mamsha Al Saadiyat

The new mixed-use development is located in the Saadiyat Cultural District.

Emirates Starts A380 Dallas Flights

New daily A380 service to Texas city dovetails with Qantas’ new superjumbo flight from Sydney