Stock News: Gulf Markets Mixed; Arabtec Dampens Dubai

Arabtec posted an unexpected Q4 loss of $25.7 million, blaming non-recurring general and administrative expenses.

Qatar Finance Minister: Prioritising Health, Education, Transport, World Cup Projects

Qatari plans to spend about $200 billion on transport, electricity generation, water supply, housing and other projects between 2013 and 2018.

UAE Wins Hosting Rights For FIFA Club World Cup In 2017, 2018

The tournament is held in mid-December every year and was earlier hosted by the UAE in 2009 and 2010.

Dubai’s Arabtec Swings To Q4 Loss, Blames High Expenses

Non-recurring general and administrative expenses jumped 75 per cent to Dhs749.9 million last year.

US, UAE Move Forward On Space Cooperation

The two countries will focus on issues such as space policy and regulatory developments, space security and space science cooperation.

Saudi Looking Beyond Oil Price Slump As Rig Count Spikes

The Kingdom has been ramping up the number of machines drilling for oil and gas.

Football FIFA 2022 World Cup Final To Be Played On Dec. 18

The winter tournament is expected to last 28 days, instead of the 32 for last year’s finals in Brazil.

Sri Lanka Says Rajapaksa Officials Stashed Over $2bn In Dubai

The funds represented about of fifth of the total amount of so-called ‘black money’ that the authorities suspect was illicitly stashed abroad.

The War For Talent: The Ugly Side Of UAE’s Healthcare Boom

With a number of hospitals and clinics starting up in the GCC, the war for medical talent has begun.

UAE’s Etihad Gets Rare Full Plane Financing For A380 Superjumbo

The financing from a group of Korean institutional investors is structured as a 15-year, fixed coupon full-payout lease.

Thales Eyes Local Mega Rail Deals In Gulf

The firm is bidding for the second phase of Etihad Rail project, a senior official said.

Emaar Foundation, Awqaf Launch Dhs25m Residential Project

Rental returns from the eight-storey tower in Al Warqa will be allocated to the Al Noor centre in Dubai.

Oil Falls To $55 As Kuwait Comments Refocus On Oversupply

Kuwait’s oil minister said on Thursday that OPEC had no choice but to keep output steady.

Etihad, Universal Unveil Fast & Furious Branded Boeing 777 Airplane

The luxury aircraft will be used to promote the upcoming action flick, ahead of its launch in April.

Twitter To Open Dubai Office

The website has a constantly growing user base with 76 per cent of social media users in the Middle East and North Africa region using it regularly.

Qatar’s Ooredoo Expects Revenue To Fall In 2015

Factors largely beyond its control have dulled Ooredoo’s lustre, and its profits for the past two quarters have missed analysts’ forecasts by a wide margin.

OPEC Has No Choice But To Keep Output Unchanged- Kuwait Minister

Ali al-Omair said the OPEC has to keep output unchanged to sustain marketshare.

Dubai’s Emaar Denies Rumours That Chairman Intends To Leave

Alabbar is managing the company’s business on a daily basis and is fully committed to it, Emaar said in a statement.

Majority Of UAE Filipinos Prefer Property Investment In Metro Manila – Survey

An increasing number of Filipinos in the UAE are opting to buy property in their home country.

Qatar’s CBQ Shareholders Approve Up To $1bn In Capital Instruments

The annual general meeting of the lender gave approval for the move in accordance with Basel capital requirements.

Dubai’s DP World Posts 11.8% Rise In 2014 Net Profit

The firm made a profit attributable to shareholders of $675 million compared with $604 million in the prior year.

Oman’s Bank Muscat Shareholders Approve $1.3bn Sukuk Programme

The plan comprises issuance in domestic and international markets through public subscription or private placement, a bourse statement said.

UAE Recalls Envoy To Sweden Over Minister’s Comments On Saudi

The country also summoned Sweden’s ambassador to the UAE to deliver a formal protest against remarks made by the Swedish foreign minister.

Saudi Food Firm Savola Cuts First-Quarter Profit Forecast

Savola reduced its projection to SAR178 million before capital gain from its previous forecast of SAR360 million.

Kuwait Drops Court Case Over “Plot” Tape

Government investigators determined that the recordings were not authentic and had been edited.

Kuwait Detains Political Activist Over Tweets Against Saudi Arabia

Tariq al-Mutairi, head of the liberal Civil Democratic Movement was detained on his way home early on Wednesday.

Dubai World Unit, Port And Free Zone World, Completes $1.1bn Loan

The funds will be used to help the company meet commitments at the group and subsidiary levels.

US Embassy In Saudi Continues To Remain Closed Over Security Fears

Currently no visa or consular services are being provided in Riyadh, Jeddah or Dhahran.

Qatar Undertaking Projects Worth $8.48bn To Boost Tourism – Report

Over $2.5 billion worth of contracts were awarded in Qatar’s hotel and tourism sector last year.

Saudi Crude Exports Up In January To 7.47m Bpd

Production was steady in January at 9.680 million bpd from 9.630 million bpd in December.