Abu Dhabi Plastic Maker Borouge Says Prices To Steady In 2015

Borouge is a joint venture between state-owned Abu Dhabi National Oil Company and Austria’s Borealis.

UAE Favours Bourse Merger But Up To Exchanges -Minister

A possible merger of the Abu Dhabi Securities Exchange with the Dubai Financial Market has been discussed on and off for years.

Qatar’s GIS Says Business Unaffected By Lower Oil Prices

The company said that its contracts were based on fixed rates which had an average life of between three and five years.

Abu Dhabi Financial Centre To Base Rules On English Common Law

The Abu Dhabi Financial Centre will have its own administration, court system and tax incentives to attract banks and companies from around the world.

Qatar Airways Unveils First A350XWB

Qatar’s 283-seat aircraft was officially unveiled to international media and dignatories in Doha today.

UAE Online Job Postings Rise 13% In December

Online job postings in Banking, Finance, Services and Insurance (BFSI) saw the largest growth, rising by 27 per cent, the index showed.

Qatar Airways Finalises Deal For Four Boeing Freighters

The Gulf airline also purchased rights for four additional planes, bringing the combined value of the deal to $2.46 billion when exercised.

Qatari Diar Transfers Al Khaliji Stake To Qatar Investment Authority

Diar, which had been Al Khaliji’s largest shareholders, moved 61.9 million shares in Qatar’s sixth-largest bank to QIA.

Saudi Retailer Jarir Posts 25.5% Q4 Net Profit Jump

The company made a net profit of SAR200.8 million($53.5 million) in the fourth quarter.

UAE Oil Minister Says Oversupply May Last Months Or Years

Suhail bin Mohammed al-Mazrouei also said that the UAE would not panic over low prices and the market would eventually stabilise itself.

Protesters Injured In Bahrain Clashes – Witnesses

The witnesses said protest marches in Sheikh Salman’s district of the capital, turned violent, with security forces firing bird-shot and tear gas at the demonstrators.

King Says Saudi Arabia To Deal With Weak Oil Challenge With ‘Firm Will’

King Abdullah said that lower prices were primarily caused by weakness in the global economy.

Rotana Opens Bahrain Hotel

Design-led hotel targets business and leisure guests as more five-star supply beckons

Arabtec Denies Reports Of Immediate Acquisitions

The company’s statement follows reports that it had assigned a consultant to advise on potential take over bids.

Saudi’s Jabal Omar Signs SAR4bn Loan Refinancing For Mecca Project

It did not give the details of the previous loan but said it was signed with six banks in June 2012.

Etihad Forecasts Normal Operations Post Fog Delay

The airline will also review the amount of time its flights can be on the tarmac with passengers on board, following reports of passengers being held on a plane for nearly 12 hours.

Ooredoo Kuwait Says Wins Court Appeal Against $125m Fine

The ministry fined Ooredoo Kuwait, claiming that it had been unlawfully using government network infrastructure since 1999,

Dubai Islamic Bank Picks Arrangers For Potential Tier 1 Sukuk

The Islamic lender has mandated HSBC and Standard Chartered as the joint structuring banks.

UAE Non-Oil Business Growth Edges Up In December-PMI

The measure of output growth climbed to 65.0 points in December from 62.8 in November, while new orders were at 65.4 points against 65.5.

Saudi December Non-Oil Business Growth Accelerates Slightly

The seasonally adjusted SABB HSBC Saudi Arabia Purchasing Managers’ Index rose to 57.9 points in December from 57.6 in the previous month.

Oman Air Launches Efficiency Plan To Slash Costs

The new plan aims to reduce the total expenditure of the airline by more than OMR100 million over the next three years.

Bahrain Extends Detention Of Opposition Leader

Sheikh Ali Salman, head of the al-Wefaq Islamic Society, was arrested after leading a protest rally against elections.

UAE’s Al Jaber Group Wins Contract To Build New Airport in Saudi Arabia

The project will include a new passenger terminal covering an area of 86,000 square metres and will be built to accommodate around five million passengers annually.

Saudi Crown Prince Assures Cabinet On King’s Health

The royal court previously said that King Abudullah was suffering from pneumonia and temporarily needed help to breathe through a tube.

UAE’s Air Arabia Says Buys 49% Of Jordan’s Petra Airlines

Petra Airlines will be rebranded as Air Arabia Jordan and the UAE carrier will establish a hub at Amman’s Queen Alia International Airport.

Abu Dhabi Government Reveals UAE’s Public Holidays In 2015

There are 10 public holidays for all workers in the public sector.

Delayed Etihad Flight Held On Tarmac For 12 Hours, Passengers Say

Passengers said that they were asked to wait in the plane because Abu Dhabi International was too crowded with travellers from other stranded flights.

Three Saudi Guards Killed In Attack On Iraq Frontier

The guards were killed in a slight border skirmish when attackers shot at the patrol near Arar.

Massar Solutions Announces First Abu Dhabi Share Float Since 2011

The firm will seek to sell 240 million ordinary shares at Dhs2.4 ($0.65) each between January 11 and January 25, it said in a statement.

Stock News: Gulf Markets Fall On Weak Oil

Dubai’s index dropped 3.4 per cent as all but a handful of stocks fell.