GE To Invest $100m In Saudi Arabia

The conglomerate plans to boost its existing manufacturing facilities and improve R&D in the kingdom.

Qatar’s Masraf Al Rayan Eyes Potential Debut Sukuk Issue -Sources

The sharia-compliant institution is expected to raise funds before end-April, sources said.

Dubai Investments To Float Group Member In 2016 -CEO

The official did not specify which company will be listed.

Saudi Prince Says Iran Deal Risks Nuclear Proliferation – BBC

Saudi Arabia sees Iran as its main regional rival and fears that an atomic deal would leave the door open to Tehran gaining a nuclear weapon.

Abu Dhabi Police Nabs Armed Abaya Clad Robbery Suspect

The fully veiled suspect allegedly threatened employees of an Abu Dhabi money exchange with a fake plastic gun.

Dubai’s Emaar Says Not Part Of Egypt’s Capital City Project

The company said in a Dubai bourse statement on Monday that it was not involved in developing the planned new capital to the east of Cairo.

Yemen Militia Leader Says Holding Indirect Talks With Saudi Arabia

It is the first known dialogue between the Shi’ite Muslim group and the neighbouring Sunni country since Houthis took over last year.

Landmark’s iCARE Clinics To Invest Dhs150m In UAE Expansion

The group aims to operate a total of 20 clinics in the country within the next three years.

Masdar, ACWA Power Ink Deal For Renewable Energy Projects In Egypt

The firms are looking at developing renewable projects with a capacity of 2 GW in Egypt.

After Saudi Feud, Sweden Debates A “Feminist” Global Role

Sweden cancelled a defence cooperation accord with Saudi Arabia last week over rights concerns.

Oil Prices Stabilising, Will Continue To Firm Up – Saudi Adviser

Saudi oil adviser Ibrahim al-Muhanna said he was optimistic about crude oil demand growth, and expected future supply to be “healthy”.

Exclusive: Nakheel Head Justifies Fee Hike For Property Extension

The developer has not breached its contract, states Ali Rashid Lootah, chairman of Nakheel.

Bahrain’s GFH Proposes Capital Cut, No Dividend For 2014

The firm plans to reduce the number of shares by 40 per cent instead of cutting their nominal value.

UAE To Build Egypt’s New Capital City

Capital City Partners, a private real estate investment fund headed by Emaar Chairman Mohammed Alabbar, will build the new Egyptian city.

UAE’s Majid Al Futtaim Says To Invest $590m More In Egypt

The new projects include development of four shopping malls and other facilities in greater Cairo, and the introduction of VOX cinemas over the next five years.

Qatar PM Sees Economic Growth Up To 7% This Year

Inflation this year in Qatar is expected to be three per cent, the prime minister said.

Dubai Water Canal Project’s Phase 1 Almost 40% Complete- RTA

Phase II and III of the project are 25 per cent and 15 per cent complete respectively, a senior official said.

U.S. Embassy In Saudi Arabia On Heightened Security

The embassy had warned last week that Western oil workers in Saudi Arabia may be the target of militant attacks in the coming days.

UAE’s Dana Gas To Invest $350m In Egypt

The investments include drilling nearly 40 new development wells, a similar number of workovers on existing wells, building new pipelines and debottlenecking an existing plant.

ADNOC Sells Naphtha From Expanded Ruwais Refinery Below Market Price

This was ADNOC’s first naphtha spot sale after the expansion of its Ruwais refinery, where capacity has been more than doubled.

Saudi Kayan Petrochemical Extends Olefins Unit Shutdown

In a bourse filing, the company said repairing the fault was expected to be completed within 10 days.

U.S. Warns Of Possible Attacks On Western Oil Workers In Saudi Arabia

The message from the US did not identify the militants or the group they belong to.

Saudi Aramco Nears $10 bn Loan Deal At Tight Pricing – Sources

The cash replaces an existing $4 billion five-year loan due to mature later this year which Aramco uses as a back-up facility.

Qatar National Bank Closes Syndication Of $3bn Loan

The deal is QNB’s biggest syndicated loan to date and proceeds will be used for general corporate purposes.

Ras Al Khaimah Picks Banks For April Sukuk Sale – Sources

A deal from the emirate is expected before the end of April, three sources told Reuters earlier this month.

Saudi Twitter Whistleblower Returns After Account Suspension

The mysterious twitter user, who uses the handle @Mujtahidd, said he wants to expose corruption, injustice and hypocrisy.

Mubadala GE Capital Plans Benchmark-Size Bond In April- Sources

The bond will be Mubadala GE Capital’s first since it completed a debut transaction in November worth $500 million.

Dubai’s Arqaam Capital Picks Rothschild As Float Adviser – Sources

The flotation is expected to happen in the second half of the year on one of Dubai’s two stock markets.

UAE Suspended Over Horse Welfare Issues

Under the ban UAE riders will not be allowed to compete for their country in any international events.

Dubai Lynx 2015 Awards Revealed, Leo Burnett Beirut Wins Agency Of The Year

Starcom MediaVest Group Dubai won Media Agency of the Year.