Dubai Developer Muraba Completes Phase 1 Of Palm Jumeirah Project

The developer says on track to begin unit handover to buyers from April 2016.

Saudi Kayan Gets More Gas For Making Ethylene

The Saudi oil ministry has allocated an extra 10 million cubic feed a day (scfd) of ethane from July 1, Kayan said.

Saudi Cement’s Board Recommends Smaller Dividend For H2 2014

Saudi Cement, the Kingdom’s largest cement company by market value, reported an 8.9 per cent rise in Q4 net profit.

Abu Dhabi’s Khalifa Port 2014 Container Volumes Grow 26%

Khalifa port handled 1.13 million TEUs (twenty-foot equivalent unit containers) in 2014.

Stock News: Gulf Markets Rise After Oil Rally; Dubai’s Damac Jumps

Brent crude jumped 2.2 per cent to $57.80 per barrel on Friday, posting its largest two-week gain in 17 years.

Jordan Says UAE Sending Jets To Support Raids On ISIL

The UAE suspended flights as part of the US-led coalition conducting air strikes against ISIL because of concerns about search and rescue capabilities.

GGICO Launches New Residential Tower In Dubai Sports City

The project mainly comprises of one-bedroom units ranging from 825 square feet to 1,150 square feet.

Stock News: Stronger Oil May Support Gulf Markets

Brent crude jumped 2.2 per cent to $57.80 per barrel on Friday, posting its largest two-week gain in 17 years.

CEO Predictions 2015: Marwan Abedin, CEO, Dubai Healthcare City

The UAE’s healthcare sector needs to address the shortage of local talent, writes Abedin.

Cricket: UAE Hoping To “Surprise” Opponents At World Cup

The only other time that the UAE team qualified for the World Cup was in 1996.

UAE Sees No Defeat Of ISIL Without Iraq’s Sunnis – Newspaper

The UAE’s decision to withdraw its planes raised fears that regional support for the coalition air campaign might be slipping.

Qatar’s Embattled Brotherhood Exiles See Hope In New Saudi King

King Salman is more sympathetic to religious conservatives than his predecessor Abdullah and is seen as less hostile to the group.

Saudi Ranks 5th For Consumer Confidence Among Emerging Markets

India topped the survey conducted by Credit Suisse, which included nine global economies.

Kuwait Central Bank Chief Denies Illicit Share Trading

A local daily reported that the securities regulator had decided to refer central bank governor Mohammad al-Hashel to prosecutors on suspicion of violating investment rules.

Pictures: Cars On Display At The Qatar Auto Show

The fifth edition of the Qatar Motor Show has top international automobile brands unveiling their latest models.

ADNOC Starts Production At New Ruwais Refinery

The refinery has started production at the crude unit and a hydrotreater and is currently producing gasoil, jet fuel and naphtha.

Dubai Developer Meraas Launches New Retail Project Boxpark

The development features 44 retail, restaurant, cafe, and entertainment brands, Meraas said.

Qatar’s Tasweeq Offers Rare Straight-Run Fuel Oil Cargo

The company is offering two 40,000-tonne cargoes for loading in March from Mesaieed.

Bahrain Petroleum Inks Rare Term Deal For Low Sulphur Diesel

Bapco signed a January to December 2015 term contract with Emirates National Oil Company (ENOC), traders said.

Underwater Villas, Priced At Dhs5m, Go On Sale At Dubai’s World Islands

The villas, located in the Heart of Europe project, are being developed by the Kleindienst Group.

UAE’s Dana Gas Blames Oil Price Slump, Egypt Charge For Q4 Net Loss

Dana Gas made a net loss of Dhs15 million in the last quarter of 2014.

Dubai’s Aramex Q4 Net Profit Up 17%, Beats Estimates

The company made a net profit of Dhs89.4 million ($24.3 million) in the last quarter of 2014.

Oman’s Raysut Cement Q4 Net Rises 9.2%, Misses Forecasts

The company made a profit of OMR6.55 million($17.0 million) in the last quarter of 2014.

Industries Qatar Q4 Net Profit Slips 4.2%

The company reported annual net profit of QAR6.3 billion for 2014, down 21 per cent from QAR8.01 billion a year earlier.

Saudi Supermarket Chain Al Raya Put Up For Sale – Sources

Dubai-based Levant Capital and Citi Venture Capital International originally bought the stake in Al Raya in 2012 for $100 million.

Saudi’s GASCO Says To Solve Gas Shortage Soon

The shortage of gas cylinders, used for cooking, in Jeddah and nearby cities has pushed up prices to SAR100 in the black market from SAR15.

Saudi King Calls Pilot’s Killing “Heinous” Violation Of Islam

His message offered condolences to the Jordanian people and King Abdullah of Jordan.

Abraaj And TPG Sign Deal For Saudi Fast-Food Chain Kudu – Sources

The deal is a first in the region for TPG, which manages about $65 billion of capital according to its website.

UAE Stops Airstrikes In Anti-ISIL Coalition -U.S. Officials

The officials said the UAE had suspended its participation in the air campaign because of concern for pilots’ safety.

UAE Lender NBAD Launches $750m Five-Year Bond

Investor orders grew to over $1 billion, the leads said.