Sipchem’s New Chemicals Plant To Start Operating In First Quarter

The facility is located in Saudi Arabia’s Jubail Industrial City.

Bahrain Sentences Two Men To Death For Killing Policeman

The verdict was announced by the chief prosecutor of terrorist crimes who said that the three were among 12 people charged with a bomb attack in February that killed the policeman.

Prince Alwaleed’s Kingdom Holding Sells Mövenpick Hotel Bur Dubai

The firm sold off its 100 per cent stake in the hotel to a UAE-based investment firm for $95 million.

Etihad Airways Says Abu Dhabi Airport Resumes Operations

After a two-hour closure, all diverted flights have proceeded to Abu Dhabi and delayed outbound flights have begun departing, a statement said.

Stock News: Gulf Markets Mixed, Saudi Petchems Rise As Oil Edges Up

Dubai’s index fell 0.7 per cent after jumping 2.6 percent on Sunday.

January 3 To Be A National Holiday In The UAE

The announcement follows a previous declaration of January 1 being a paid holiday for all employees in the Emirates.

Abu Dhabi Airport Closes Temporarily Due To Severe Fog

Etihad Airways diverted 15 inbound flights to five other airports in the region including Dubai World Central and Muscat.

LuLu Group To Invest Dhs783m In Major Saudi Expansion

The retailer plans to open eight new stores in the Kingdom over the next 24 months, the company’s managing director said.

Bahrain Detains The Head Of The Main Al-Wefaq Opposition Group

A lawyer who represents al-Wefaq said the charges against him include incitement against the government, calling for its overthrow by by force and inciting the youth to revolt.

Kuwait’s Al Ahli Bank’s Chairman Resigns Due To Ill Health

Deputy chairman Talal Mohamed Reda Yousef Behbehani will take over the position of chairman for the bank.

RAK Ceramics’ Bangladesh Unit To Exit Pharma Business

The sell off is part of the company’s efforts to focus on its core business strategy of tile-making, a statement said.

Saudi 2015 Budget Based On Oil Price Around $60 – Analysts

For the 2015 budget, announced on Thursday, four analysts’ oil price estimates are in a range of $55 to $63.

Dubai Investments Sees $2.7bn Of Property Projects

Dubai Investments is seeking to profit from a market recovery in the emirate after one of the world’s worst property crashes during the financial crisis in 2008.

Saudi Arabia Said To Plan Bourse Opening To Foreigners In April

An official said that the regulator continues to expect the market to open to foreign investors in the first half of next year, though no specific date has been set.

Saudi’s Takween Says Negotiating Price In Savola Packaging Unit Buy

Implementation of the deal would depend on approval by related government agencies.

Saudi’s SAFCO Completes Work On Urea Plant

The plant was originally scheduled to start up in the third quarter of 2014, but was delayed due to construction delays.

Saudi Samba Financial Group Proposes H2 Dividend

The proposed figure is marginally higher than the SAR0.64 per share which the bank paid for the corresponding period of 2013.

UAE’s Marka To Buy Retail Outfit From Dubai World For $60m

The acquisition of Retailcorp will give Marka a network of 15 sporting goods outlets across the UAE, a statement said.

Dubai’s Non-Oil Foreign Trade Nears Dhs1 Trillion Mark

China was Dubai’s top non-oil foreign trade partner, followed by India and the US, figures revealed.

Interview: Julius Baer CEO On Bank’s Mid-East Growth Plans

The CEO of one of the world’s largest and oldest private banks gives his insight into the evolving world of wealth management, potential acquisition targets, and his plans for the Middle East.

Bahraini Police Question Top Al-Wefaq Members Over Rally

The officials did not specify the nature of violation that occurred during the rally.

Saudi Finance Minister Says No Need To Create Sovereign Wealth Fund

At present, the surplus petrodollars of the world’s top oil exporter are mostly invested abroad by its central bank.

Saudi Ministry To Discuss Deficit Financing With Central Bank

A ministry statement said the government could cover the deficit with its huge fiscal reserves, but Alassaf told media that borrowing might also be used.

Saudi Finance Minister Says Can Endure Low Oil Prices Over Medium Term

Alassaf said everybody expected prices to rise eventually but there was a difference over when.

Qatar And Egypt Officials Discuss Reconciliation

Gulf states agreed in November to end a dispute with Qatar over its promotion of “Arab Spring” revolts.

NRIs Save Much More Than Other Expats In The UAE

A majority of UAE’s non-resident Indians save to support their children and parents, a new study showed.

Kuwait Airways Firms Up $3.3bn Boeing Order

The new order will help Kuwait Airways expand its operations through the launch of new routes.

Etihad Completes Alitalia Purchase

The deal is expected to give Etihad greater access to the fourth largest travel market in Europe.

UAE Central Bank Says To Study Margin Lending In Stock Market

In a brief statement describing discussions at the board meeting, the central bank did not elaborate on how the study would be conducted.

Saudi British Bank Recommends Bonus Share Issue To Boost Capital 50%

One bonus share would be issued for each two shares held, increasing the number of the bank’s outstanding shares to 1.5 billion from 1 billion.