Dubai Developer Meraas Launches New Retail Project Boxpark

The development features 44 retail, restaurant, cafe, and entertainment brands, Meraas said.

Qatar’s Tasweeq Offers Rare Straight-Run Fuel Oil Cargo

The company is offering two 40,000-tonne cargoes for loading in March from Mesaieed.

Bahrain Petroleum Inks Rare Term Deal For Low Sulphur Diesel

Bapco signed a January to December 2015 term contract with Emirates National Oil Company (ENOC), traders said.

Underwater Villas, Priced At Dhs5m, Go On Sale At Dubai’s World Islands

The villas, located in the Heart of Europe project, are being developed by the Kleindienst Group.

UAE’s Dana Gas Blames Oil Price Slump, Egypt Charge For Q4 Net Loss

Dana Gas made a net loss of Dhs15 million in the last quarter of 2014.

Dubai’s Aramex Q4 Net Profit Up 17%, Beats Estimates

The company made a net profit of Dhs89.4 million ($24.3 million) in the last quarter of 2014.

Oman’s Raysut Cement Q4 Net Rises 9.2%, Misses Forecasts

The company made a profit of OMR6.55 million($17.0 million) in the last quarter of 2014.

Industries Qatar Q4 Net Profit Slips 4.2%

The company reported annual net profit of QAR6.3 billion for 2014, down 21 per cent from QAR8.01 billion a year earlier.

Saudi Supermarket Chain Al Raya Put Up For Sale – Sources

Dubai-based Levant Capital and Citi Venture Capital International originally bought the stake in Al Raya in 2012 for $100 million.

Saudi’s GASCO Says To Solve Gas Shortage Soon

The shortage of gas cylinders, used for cooking, in Jeddah and nearby cities has pushed up prices to SAR100 in the black market from SAR15.

Saudi King Calls Pilot’s Killing “Heinous” Violation Of Islam

His message offered condolences to the Jordanian people and King Abdullah of Jordan.

Abraaj And TPG Sign Deal For Saudi Fast-Food Chain Kudu – Sources

The deal is a first in the region for TPG, which manages about $65 billion of capital according to its website.

UAE Stops Airstrikes In Anti-ISIL Coalition -U.S. Officials

The officials said the UAE had suspended its participation in the air campaign because of concern for pilots’ safety.

UAE Lender NBAD Launches $750m Five-Year Bond

Investor orders grew to over $1 billion, the leads said.

Yasref Refinery In Saudi Arabia To Load First Gasoline Cargoes

On Feb. 6, the 400,000 barrels per day refinery will load a 60,000 tonne cargo of gasoline on the Serengeti.

Sobha Confirms Hartland Project Will Begin Handover By 2017

The private developer is looking to open offices in London, Singapore, Riyadh, Doha and Kuwait City by July 2015.

Dubai’s Mashreq Expects Slower Retail Lending Growth In 2015

The bank’s retail lending growth is expected to slow to 25 per cent in 2015 from 36 per cent last year.

RAKBANK CEO: UAE Credit Bureau Not Having An Impact On Lending

The bank has not seen a major drop in lending approval rates since the establishment of the Credit Bureau, says Peter England.

Saudi Prince Alwaleed’s Kingdom Holding Sells 5.6% Stake In News Corp

Kingdom’s stake decreased from approximately 6.6 per cent ownership to roughly one per cent ownership.

Jumeirah Signs First Venu Hotel For Meraas’ Bluewaters Island Project

The hotel will have close to 300 rooms and is slated for completion in 2017.

UAE Space Agency Looks To Coordinate With Europe On Future Projects

The meetings with European stakeholders mainly focused on ways to exchange knowledge and experience in space technology and science, a statement said.

Abu Dhabi’s Gulf Capital Seals $232m Loan To Fund Investments

The six-year revolving credit facility was lead arranged by First Gulf Bank and Abu Dhabi Commercial Bank.

Dubai’s Shuaa Capital Says Didn’t Renew Moody’s Contract As Has No Debt

Moody’s on Tuesday withdrew Shuaa’s ratings, citing Moody’s “own business reasons” without elaborating.

Bahrain Begins Legal Process To Set Up Central Sharia Board

A country-level approach could help limit differences between products, speed the design of new products and boost investor confidence.

UAE’s NBAD To Price Benchmark Five-Year dollar Bond On Weds

The bond, rated AA- by Standard and Poor’s and Fitch, will be listed on the London Stock Exchange.

Stock News: Dubai’s Rally Slows As Oil Slips

Brent crude fell 0.7 per cent in Asian trade after surging almost six per cent on Tuesday.

Sheikh Mohammed Approves Renovation Of Dubai’s Historical District

Work on the project is slated to be completed by 2018, officials said.

Etihad Acquires 75% Stake In Alitalia’s Frequent Flyer Scheme

MilleMiglia is Italy’s largest frequent flyer programme, with 4.6 million existing members and more than 20,000 new members a month.

UAE’s Majid Al Futtaim Confirms CEO Iyad Malas’ Resignation

Alain Bejjani, currently chief corporate development and brand officer, has been appointed as the group’s new chief executive.

UAE Mulls Lower Petrol Prices

Suhail Mohammed Al Mazroui told the Federal National Council that the government has submitted a proposal to the cabinet that will enable consumers to benefit from lower oil prices.