ADCB To Meet Investors From Monday For Potential USD Bond

Abu Dhabi Commercial Bank (ADCB) will meet investors in Europe, it said.

Dubai’s Arqaam Capital Sounds Out Advisers Ahead Of Flotation

Arqaam has offices in five countries in the MEA and offers brokerage, asset management and corporate finance advisory services.

Stock News: Saudi Arabia Down, Egypt Firms As Oil Slides

Brent oil traded below $59 per barrel as U.S. crude inventories were expected to hit record highs.

Dubai Parks And Resorts Appoints Seven-Member Management Team

The new senior managers are expected to help the Dhs10 billion project open as scheduled in 2016.

Air Arabia To Begin Flights From Ras Al Khaimah To Qatar

The airline will fly four times per week to Doha, bringing the total number of destinations from its Ras Al Khaimah hub to nine.

Qatar’s Nakilat Q4 Profit Rises 14%

Nakilat made a profit of QAR201.6 million in the last quarter of 2014, up from QAR176.5 million a year earlier.

Dubai’s Ruler Launches New Projects Featuring Snow Fountain, Vertical Gardens

The new projects will be developed by the Wasl Asset Management Group across Dubai.

UAE Telco Du Q4 Net Profit Falls 10%

The firm made a net profit of Dhs512.7 million in the last quarter of 2014, down from Dhs570.3 million in the year-earlier period.

Qatar Recalls Ambassador To Egypt Amid Dispute Over Libya Air Strikes

Doha expressed reservation at Egypt’s unilateral decision to carry out air raids in Libya without consultations with other Arab states.

Saudi Aramco Seeks $10bn Loan From Banks – Sources

Sources said the loan would be structured as a revolving credit facility, giving Aramco flexibility to opt when it wants to withdraw cash.

Saudi Crude Oil Exports Drop To 6.934m bpd In December

Exports fell by 362,000 barrels per day from 7.296 million bpd in November 2014.

Dubai Project ‘Living Legends’ On Track For 2015 Opening

The much-delayed residential project located in Dubailand is set to deliver first 150 villas in Q2 2015.

Falling Oil Prices Will Not Affect UAE Banks’ Growth- ENBD CEO

Banks in the UAE are much stronger than they were during the financial crash of 2008, the chief executive of Dubai’s largest lender said.

Malaysia’s MSM Scraps Pact With Dubai’s Al Khaleej To Build Sugar Refinery

Due to the fact that the project is of “national interest”, MSM decided to build it without a partnership, it said.

Qatargas, Pakistan Close To 15-Year LNG Supply Deal – Sources

The first shipment is expected to be received by March, according to sources.

Saudi Arabia Clamps Down On Visa Trading

The Ministry of Labour said that it will set a limit on the number of workers that each firm is permitted to transfer within a year of recruitment.

Majority Of GCC Workers To Change Jobs Over Low Pay Rises In 2015

The majority of employees expect a pay rise of five per cent while only a fraction of employers are set to award that level of increase this year.

France In ‘Final Stage’ Of Talks To Sell Rafale Jets To Qatar

France said last June it was confident of winning a deal soon to supply fighter jets to Qatar.

Bahrain Launches Criminal Investigation Against Main Opposition Group

The Interior Ministry accuse the al-Wefaq group of trying to undermine national security.

Dubai’s Damac Awards Contracts Worth Dhs1.2bn In 2015

The developer said that it appointed five contractors to work on its master developments and hotel apartment projects.

Dubai’s Al Habtoor Turns Hollywood Producer, Eyes Egypt For Film Talent

The Dubai-based businessman confirmed that he is currently working on two Hollywood movies.

Oman’s Bank Dhofar Working With Two Advisers On Capital Plans

The lender said last month that it was mulling options for raising up to $300 million of capital at the earliest opportunity.

Aldar Leases Out 90% Of Burj Mohammed Bin Rashid Project

The tower is also the tallest building in Abu Dhabi and is named after Dubai’s ruler Sheikh Mohammed bin Rashid Al Maktoum.

UAE’s JadoPado Expands, Sees Local E-Commerce Hit $12bn By 2018

The online retailer has expanded into a marketplace, and will host sellers from around the world.

Dubai’s DEWA Posts 2014 Profit Rise, To Repay $1bn Bond In April

Dubai’s only utility also said it would distribute a cash dividend for the year of Dhs500 million to the government.

UAE, Saudi Arabia Control 74% Of GCC’s Private Wealth

Almost 44 per cent of the GCC’s private wealth is focused in Saudi Arabia, while the UAE controls around 30 per cent, a new study shows.

UK Businessman Takes Emirates To Court Over Lost Luggage

Abrar Khan claimed the airline refused to compensate him after losing his luggage en-route to Dubai.

UAE Says Its Jets Target Oil Refineries Under ISIL

The strikes were aimed at cutting off their main sources of funding, state news agency WAM said.

Etisalat’s Egypt Unit Signs $120m Loan

HSBC and National Bank of Abu Dhabi, will each provide $60 million each to Etisalat Misr.

Kuwait To Boost Drilling Rigs, Crude Capacity Despite Low Oil Price

The Gulf state plans to deploy 120 oil and gas rigs by the start of next year, up from 80 rigs now.