Qatar National Bank To Pay 60bps Margin For $3bn Loan

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

Dubai Named The Most Sustainable City In The Region

Dubai was ranked 33rd globally in a newly launched sustainability index, closely followed by Abu Dhabi at 34.

Filipino Nurse From Saudi Arabia Tests Positive For MERS Virus

A health official said that said that the female nurse was undergoing treatment at the Research Institute for Tropical Medicine.

Rocket Internet Buys Kuwait Food Delivery Service Talabat For $170m

Talabat operates in ME countries including Kuwait, Saudi and the UAE, cooperating with restaurants such as Burger King, KFC and Pizza Hut.

gender gap 2022

Sheikh Mohammed Forms New Council To Address Gender Gap

The new body aims to boost the UAE’s efforts to improve women’s role in the country and the economy.

Kuwait Finance House Rejects Investment Dar’s Debt-For-Assets Plan

KFH said it would take all legal measures available against Investment Dar to try to collect the debt it was owed.

UAE’s Tabreed Says Reappoints Steve Ridlington As CFO

Ridlington, who was CFO from 2009 to 2011, will replace Adrian Kershaw, who will remain at Tabreed until the end of March.

Oman’s United Finance To Consider Merger Approach From Bank Nizwa

United Finance describes itself as Oman’s largest non-bank financial institution.

Shuaa Capital Unit Eyes Saudi Leasing Market With New Licence

The licence will allow the firm to fund small businesses and help finance cross-border deals between Saudi and the UAE.

US Airlines Disclose Details Of Bookings Lost To Qatar, UAE Carriers

US airlines are stepping up efforts to persuade the American government to alter or terminate the Open Skies pacts.

Rights Group Says Workers Still Abused At Abu Dhabi Louvre Project, Company Denies

Human Right Watch conceded there had been some improvements for workers, who mostly come from India, Pakistan, Bangladesh, Sri Lanka, and Nepal.

UAE Launches ‘Robots For Good’ Award With Prize Money Of $1m

The awards will be held on an international and national basis, and the winners will be announced next year.

Emirates Group To Hire 11,000 Staff In 2015

The recruitment will increase the size of the group’s workforce by six per cent by March 2016.

Saudi Central Bank Predicts Stable Inflation In Q1

The annual Saudi inflation rate was 2.4 per cent in December, the lowest level since at least September 2012.

Dubai Mall Sees 80m Visitors in 2014

Around 60 per cent of mall visitors last year were UAE residents and other GCC tourists while the remaining 40 per cent were tourists from across the world.

Dubai’s Jumeirah Group Says To Almost Double Hotel Portfolio By 2018

The group plans to open 20 hotels by 2018, its chief executive said.

UAE Says Its Jets Resume Airstrikes Against ISIL

The UAE had suspended participation in coalition air strikes against IS for several weeks over pilot safety concerns.

Dubai To Become Centre Of The World By 2100

A population boom in Asia and Africa will make Dubai an important global hub by 2100, an expert predicted.

Dubai Holding Has No Plans To Float Firm Or Its Units -CEO

Dubai Holding also has no plans to raise cash at the parent level as it seeks to reduce its debts, its chief executive said.

Dubai To Rank Among World’s Top Happiest Cities In 10 Years

The emirate’s smart city agenda will help it rise on the happiness index, said Ahmed Bin Byat, CEO of conglomerate Dubai Holding.

Dubai Airports Cargo Volume Jumps 18% In 2014

Combined cargo volumes at Dubai International Airport and Al Maktoum International rose to 3.13 million tonnes last year from 2.65 million tonnes in 2013.

UAE’s ADNOC Inks $500m Technical Agreement With Oxy

ADNOC holds a 70 per cent share in the fields development venture, while Occidental holds 30 per cent, a statement said.

Abu Dhabi Gas Firms Award $1.6bn Expansion Contracts

The contracts were awarded to a consortium involving Italy’s Maire Tecnimont and Greece’s Archirodon, Spain’s Tecnicas Reunidas, and the UAE’ National Petroleum Construction Co.

Jumeirah To Open Abu Dhabi Resort In 2017

Luxury operator’s resort, its second property in the UAE capital, set to open on Saadiyat Island

Julphar Buys Majority Stake In Bangladesh-Based RAK Pharmaceuticals

The deal, worth $9.5 million, marks Julphar’s entry into Bangladesh and is part of its expansion in Asia.

Orders Over A$175m For 7-Year Emirates NBD Kangaroo Bond

The Dubai-based bank is marketing the Australian dollar- denominated seven-year notes to yield about 225 basis points above the swap rate, a document from leads showed.

Diamond Prices Firm As Dubai Banks Fill Funding Gap – Gem Diamonds

Diamond prices weakened late last year, partly due to the closure of Antwerp Diamond Bank in October squeezing liquidity for manufacturers.

US Welcomes UAE Decision To Base Fighter Jets In Jordan

The UAE had earlier suspended flights as part of the U.S.-led coalition conducting air strikes against ISIL.

Oil To Account For Only 5% Of UAE’s GDP By 2021- Deputy PM

Oil revenues currently contribute 30 per cent to the UAE’s overall GDP.

Aluminium Bahrain Posts 153% Q4 Profit Leap But Cuts Dividend

The company made a net profit of BHD34.6 million in the three months to December 31, up from BHD13.7 million in the prior-year period, it said in an emailed statement.