Abu Dhabi Airport Reopens Southern Runway After Dhs830m Upgrade

The upgrade will allow the airport to handle wide body aircraft such as the A380 and the Boeing 787.

Saudi’s MMG Given Go-Ahead To Sell Suspended Shares Over The Counter

Shares in the company have not traded since July 2012, when they were suspended by the regulator after breaching rules relating to accumulated losses.

Dubai’s Hotel Occupancy Rates Fall In October

Average occupancy fell by 0.3 per cent in October compared to the same period last year, a new survey showed.

Lau Family, Qatar To Boost Stakes In Lifestyle For $1bn

Qatar Investment Authority’s holding will total 22.8 per cent from purchasing 2.9 per cent of the company, a statement said.

Emirates To Begin Third Daily Service To Birmingham

The additional service will increase passenger and cargo capacity to and from Birmingham by 42 per cent, the airline said.

Saudi Telecom To Book $166m Gain On Land Transfer To Government

The company originally announced in June that the government had seized a 1.05 million square metre plot in the Al Faisaliah district of Riyadh with a book value of SAR105.3 million.

Stock News: Gulf Stock Markets Mixed Early On After Oil Pulls Back

Dubai’s main index was down 0.4 per cent with trade focusing on real estate developers.

Saudi 2015 Budget Expected To Raise Spending Marginally

Saudi Arabia will continue spending actively on major strategic projects such as housing, transport and the construction of industrial cities, a newspaper said.

Oil Slides As Saudi Naimi Tells Market To Forget OPEC Cuts

Naimi also said the Saudis might boost output instead to grow their market share and that oil “may not” trade at $100 again.

Horse Racing-Goodwood In Lucrative 10-Year Deal With Qatar

More than two million pounds ($3.12 million) will be invested in eight key races at the south of England track, as per the deal.

Saudis Counting On $745 Billion To Defend Riyal Peg: Currencies

The country’s current-account surplus will remain the world’s fourth-largest by the end of 2014 even after oil’s decline, economists say.

Saudi’s Naimi Says OPEC Will Not Cut Output However Far Oil Falls

OPEC met on November 27 and declined to cut production despite a slide in prices, marking a shift in strategy towards defending market share rather than supporting prices.

Almost 84% Of UAE Consumers Watch Streamed Content Over TV

The study also showed an increase in the time spent viewing content on smartphones and tablets.

Saudi Budget To Be Released Later This Week

The budget is anxiously awaited by financial markets.

German Diner Wienerwald Invests Dhs10m In Dubai, To Launch Two Outlets

The German brand, famous for its roast chicken, is opening outlets in JBR and Dubai Media City.

Etihad To Begin Double Daily Services To Melbourne

The new service is scheduled to begin from August 1 2015, the airline said in a statement.

Oil Rebounds Above $62, Tracking Broader Markets

Brent crude is down 46 per cent from the year’s peak in June above $115 per barrel.

Top 10 Christmas Brunches In Dubai

As the festive season nears, Gulf Business rounds up the top dining options this Christmas in Dubai.

Saudi Oil Minister Says Ready To Raise Output If New Clients Emerge

The remark was one of the strongest signals yet that the world’s top oil exporter has no intention of cutting output in the face of sliding oil prices.

Qatar Airways Set To Receive First A350

Doha carrier poised to receive Airbus’ latest model which will fly to Frankfurt from January

Emaar Properties Says Dubai Real Estate Head To Leave At Year-End

The firm said that it would make a further announcement on its organisational structure at a later date.

Kuwait Oil Minister Says OPEC Does Not Need To Cut Output

The official also ruled out a possibility of an emergency meeting in June.

Saudi Says Won’t Cut Oil Output Even If Non-OPEC Nations Do

Saudi Oil Minister Ali al-Naimi insisted that oil prices would improve, although it was unclear when.

Stock News: Gulf Markets Continue Rally On Oil, Saudi Budget Hopes

The Dubai index jumped 9.9 per cent, while the main Saudi index rose 2.5 per cent.

Bahrain Energy Projects Not Affected By Oil Slide – Minister

Fitch Ratings downgraded Bahrain’s credit outlook last week to negative, saying the fall in oil exacerbated an already challenging fiscal situation.

UAE Firms Lose $2.8bn Due To Data Loss And Downtime

The UAE ranks low in terms of companies’ maturity and approach towards data protection with just 34 per cent of firms considering data protection as relevant for their success.

Courtyard By Marriott Opens In Abu Dhabi

Mid-market brand targets connection-oriented business travellers

UAE Urges World’s Oil Producers Not To Raise Output In 2015

OPEC’s decision last month to leave its output ceiling unchanged, was followed by a fresh plunge of oil prices.

Qatar Oil Minister Says Market Experiencing “Temporary Correction”

Qatar’s oil minister said that the main reason for oil’s plunge in recent months was slow growth of the global economy and an increase in sources of supply.

Expat Residents Should Be Allowed Visa-Free Travel Across GCC – Official

The move will boost the GCC’s tourism industry, helping sectors such as aviation and hospitality.