Dubai Lynx Reveals Jury President Line-Up For 2015

The competition will have two extra awards this year, namely the Grand Prix for Good and the University of the Year.

UAE Sees Oil Price Stabilising, Steps Up Pressure On Non-OPEC

OPEC leader Saudi Arabia signalled on Wednesday it was unlikely to push for a major change in oil output.

2022 World Cup: New $1.6bn Hotel, Expo Centre Planned In Doha

The 1000-room Silver Pearl Hotel, designed by New York–based M. Castedo Architects, will be located offshore near Doha.

Jumeirah Golf Estates Launches New Residential Units Over Strong Demand

The developer did not specify the number of new units set to be launched or the estimated completion date.

Commercial Bank Of Qatar Group CEO Resigns, Appointed Board Advisor

Andrew Stevens had been with CBQ, Qatar’s second-largest lender by assets, for 25 years.

Kuwait’s Mabanee Says To Spend $910m On Mall Extension

The total project cost, including the fourth phase, stands at KD610 million.

MasterCard Launches New Digital Payment System, MasterPass In UAE

RAK Bank, Mashreq and Emirates NBD will offer digital wallets using the MasterPass system in the UAE.

New Delays Hit Saudi Aramco’s Jizan Refinery -Sources

The complex had been scheduled to be completed in late 2016, but industry sources said that it faced delays of six to 12 months because work on associated infrastructure was behind schedule.

Video: Behind The Scenes At $2.9bn Dubai Parks And Resorts

The $2.9 billion theme park complex is located in Jebel Ali and is slated to open in late 2016.

World’s Largest Roller Coaster Restaurant Opens In Abu Dhabi

The restaurant will span across 14,000 square foot and will have a network of 30 individual roller coaster tracks that loop, spiral and spin around diners to deliver the menu and food to tables.

Dubai’s Amlak Finance Signs Financial, Debt Restructuring Deal

The Islamic mortgage lender has been negotiating with creditors to finalise the deal, which was approved by shareholders in September.

Saudi’s Naimi Says Oil Market Will “Stabilise Itself Eventually”

Oil ministers from the Organization of the Petroleum Exporting Countries (OPEC) meet on Thursday in Vienna.

UAE Jails Man For Belonging To “Secret Organisation”

The 25-year-old Emirati man had disseminated misleading information at home and overseas about a court case involving the secret organisation, WAM said.

Two Policemen Injured By Bomb At Shi’ite Village In Bahrain

The Interior Ministry said the explosion in the small Shi’ite village of Deraz, west of the capital Manama, was a “terror blast”, but provided no further details.

Saudi, Russia Pre-OPEC Talks Yield No Oil Output Cut

Saudi has kept the market guessing about its response to crude’s fall amid rapidly rising U.S. shale output.

Michelin Mulls Middle East Manufacturing Facility In The Future

The Middle East market, specifically Saudi Arabia, holds strong potential for growth for the French tyre company, says COO.

UAE Regulator Expects Three More Firms On Secondary Market By Mid-2015

Abu Dhabi-based firms The National Investor and Manazel Real Estate became the first companies to begin trading on the platform.

Dubai-Based Restaurant Chain Kcal Expands To Egypt

The fast food chain plans to open about 14 branches within Egypt following the launch of its first store.

Dubai’s Noor Bank Eyes Turkish Growth To Beat Competition

The bank has arranged syndications for Turkish borrowers worth more than $4.5 billion since 2010, including more than $2.1 billion in the past 18 months.

Emirates, DTCM Launch $20m Campaign To Attract Visitors To Dubai

The ‘See you in Dubai’ campaign will focus on attracting tourists from markets in Europe, Asia, Africa, Latin America and the Middle East.

Russian Oil Tsar Igor Sechin To Meet OPEC As Saudis Keep Market Guessing

Oil prices have fallen 30 per cent since June to below $80 per barrel.

Dubai’s Jumbo Electronics Launches Online Shopping Portal

Jumbo.ae has been developed in collaboration with Build-a-Bazaar, a subsidiary of Indian e-commerce firm Infibeam.

Oil Steady Below $80 Ahead Of OPEC Output Decision

Key will be what OPEC’s biggest producer, Saudi Arabia, decides, with some analysts expecting no price supporting action from the Kingdom.

Stock News: Egypt, Saudi Slide; Funds Start Buying In UAE, Qatar

Bourses in the UAE and Qatar began recouping early-session losses as stocks whose weightings in MSCI’s emerging markets index are set to increase topped trading volumes.

Saudi Builder Al Khodari Proposes $133m Capital Hike

The capital increase will require the approval of the bourse regulator and an extraordinary shareholder meeting, a bourse statement said.

UAE’s Topaz Plans To Raise $550m Loan To Fund Expansion

The company plans to use the proceeds to refinance an existing $380 million loan package at a lower interest rate and to provide cash for potential expansion.

UAE, China Mull Joint Investment Fund To Focus On Clean Energy Projects

A senior official said that the fund will be looking to invest in clean energy since it is an area of interest to both the UAE and China.

Saudi Arabia Says Islamic State Ordered Attack On Shi’ites In Al-Ahsa

A ministry spokesperson said that the leader of the al-Ahsa attack had received orders from abroad, detailing the target and the location of the attack.

Saudi’s Naimi Says ‘As Happy As Can Be,’ No Clues On OPEC

Saudi’s oil minister brushed off questions about tumbling oil prices and surplus supplies.

Emaar Properties Gets Shareholder Nod For Dhs9bn Special Dividend

EMG listed 15.4 per cent on the Dubai Financial Market, raising $1.58 billion from the sale, which was well covered by investor bids.