ISIL Threat Requires “Globalised Response” – Sheikh Mohammed

The extremist organisation “can and will” be defeated militarily, the UAE Vice-President and Prime Minister wrote in a column.

PepsiCo Opens Food And Beverage Innovation Centre In Dubai

The new innovation centre will help develop products that will cater to the tastes of the local market and boost regional sales, the company said.

Saudi Tasnee To Pay $480m To Up Stake In Cristal Subsidiary

Tasnee has submitted an offer to the Gulf Investment Corporation to buy the additional stake in Cristal subsidiary , thus raising its overall holding to 79 per cent.

Dubai Amlak’s Shareholders Back Debt Restructuring

The shareholders agreed to the issuance of a sharia-compliant instrument worth up to Dhs2.1 billion ($571.8 million) and convertible into company stock, the company said.

Bahrain To Implement New Visa Policy From October 2014

The new policy will allow citizens from 66 countries to receive visas upon arrival in Bahrain, while visitors from another 36 countries will be eligible for e-visas.

Saudi Shi’ite Dissident Dies After Clash With Police – Media

Saudi Interior Ministry spokesman General Mansour Turki said that security forces shot and wounded Bassem Ali al-Qudaihi during an exchange of fire when they tried to arrest him.

Kuwait Budget Surplus Up In Last Fiscal Year As Spending Slows

The budget surplus, equivalent to around 26 per cent of gross domestic product, was up marginally from KD12.7 billion, or nearly 25 per cent of GDP, in the previous fiscal year.

UAE Ministry Of Health Cuts Prices Of 422 Drugs

The price reduction, the fifth in the UAE since 2011, will be carried out in cooperation with international pharma firms, the official news agency said.

Saudi Arabia Warns Yemen Violence Could Threaten Global Security

Yemen has faced multiple challenges, including regular attacks by al Qaeda and its affiliate, Ansar al-Sharia, as well as protests by southern separatists demanding secession from the country.

Abu Dhabi Grants Licenses For Solar Power Generation

Abu Dhabi Judiciary and Al Ain Zoo are among the institutions granted licenses to generate electricity through solar power.

Etihad Launches Its First Boeing 787-9 Dreamliner Aircraft

The Abu Dhabi carrier’s first Boeing 787-9 Dreamliner will be delivered in December this year, the company said.

U.S. Approves $2.5bn To Upgrade Used Military Vehicles For UAE

The Defense Security Cooperation Agency agency said the deal would help UAE protect its troops, better provide humanitarian assistance, and protect vital commercial trade routes.

Saudi Oil Output Seen Steady On Expected Rise In Demand

Oil prices have slid on ample supplies and concern about weakening demand on slowing economic growth in Europe and China.

Saudi’s Fawaz Alhokair Sign $200m Islamic Loan With SocGen

Alhokair said on Thursday the facility will fund the acquisition and other expansion by the company.

Qatar Says Fight Against Islamic State Will Fail If Assad Stays

Islamic State fighters have exploited the chaos of Syria’s three-year-old civil war, which pits Assad and his allies against mainly Sunni Muslim rebels and Islamist militants.

Interview: Damas CEO On The Jeweller’s Re-Rise In The UAE

Exclusive: Anan Fakhreddin reveals how the company is rebuilding itself after hitting rock bottom in one of Dubai’s largest business scandals.

Saudi Could See Budget Deficit Next Year – IMF

The fund warned the Kingdom to rein in public spending, which has risen 52 per cent annually since 2010 and reached SAR994.7 billion in 2013.

Etihad Launches First A380 And New Corporate Look

New-look UAE National Airline unveils the first of 10 A380s which aims to fly from December

Transport App Uber Launches Two New Services In Dubai

A new affordable option, uberX and a corporate account service, Uber for Business, will now be available in Dubai.

Mubadala GE Capital Considers Bond Issue

The company is casting its eye over potential arrangers of the bond, though no banks have been mandated yet for the trade, sources say.

UAE Announces Eid Al Adha Holidays For Private, Public Sectors

Public sector workers will be off from Oct 3-6, while private sector employees will receive holidays from Oct 3-5.

Majid Al Futtaim To Partner With British Firm AllSaints For Regional Stores

MAF-Fashion will begin the roll out of the AllSaints stores across the GCC in 2015, a statement said.

Emirates NBD Says 50% Of Emaar Malls IPO Subscribers Opt For Digital Channels

The bank said 2,900 applications for shares in the Emaar Malls IPO came via its ATM and newly launched eIPO platform.

Saudi Arabia Sent $3bn Worth Of Fuel To Egypt Since April

The total value of oil aid to Egypt from Saudi Arabia since July 2013 through September of this year amounted to $5 billion.

RTA To Launch 35 New Mega Projects In Dubai

Dubai’s public transport agency will work on projects such as extension of the Dubai Metro’s red line, a major upgrade of roads leading to the expo site and a wider bus network.

UBS Shifts Dubai Representative Office To Abu Dhabi, Retains DIFC advisory

The move was part of the Swiss bank’s plan to “optimise its local operations” in the UAE, it said.

Dubai’s Marka Jumps 59% In First DFM Flotation Since 2009

The firm raised $75 million, 55 per cent of its capital, in April via an offer that was 36 times subscribed.

Qatar 2022 World Cup: Investigator Garcia Calls For FIFA To Make Report Public

Michael Garcia submitted his 350-page report to German judge Hans-Joachim Eckert earlier this month.

Nakheel Opens New Community Mall In Discovery Gardens

Discovery Gardens Pavilion has nearly 30 shops, a medical centre, a nursery, restaurants and cafes along with a Geant Easy supermarket.

Pictures: BlackBerry Launches New Smartphone ‘Passport’ In Dubai

The square-shaped smartphone targets business professionals and will retail for Dhs2,699 in the UAE.