Bullets Hit Flydubai Passenger Jet At Baghdad Airport

An aviation official and a security official told Reuters that two passengers were lightly injured but the airline has denied such reports.

Etihad To Employ More Than 6,000 Emiratis By 2020

The airline is partnering with a number of government organisations and educational institutions to recruit UAE nationals.

Aramco CEO Says Oil Market Imbalance Has Nothing To Do With Saudi

The fair oil price will be one that balances supply and demand, the chief executive said.

Obama Includes Republicans In Delegation To Meet New Saudi King

US President Barack Obama will fly a 30-member delegation to Riyadh on Tuesday.

Saudi Arabia Still On Track To Open Stock Market In H1 – CMA

The regulator is expected to issue a final version of regulations covering the opening “very soon”.

Kuwait Slashes Spending Plan, Sees Big Deficit In 2015/16 Budget

The draft budget for the year starting in April envisages spending of KD19.07 billion, down by 17.8 per cent.

Saudi Economic Reforms Must Focus On Efficiency – Minister

Economy and Planning Minister Muhammad al-Jasser said economic reforms would continue under Saudi’s new king, Salman.

Qatar Petroleum To Absorb Investment Unit In Sign Of Consolidation

Qatar Petroleum International was formed in 2007 as the foreign investment arm of the firm.

Emaar Properties Targets Q2 For $270m Egypt Unit Float

Emaar Misr has a portfolio of investments in Egypt worth around 53 billion pounds.

Qatar’s Masraf Al Rayan Q4 Net Profit Up, Hikes Dividend

Masraf Al Rayan said its net profit for 2014 was QAR2 billion, up 17.6 per cent year-on-year.

Kuwait’s Zain Says Iraq Court Rejects $4.5bn Claim Against Firm

Unnamed claimants filed a lawsuit against Zain over its 2007 acquisition of an Iraqi telecom operator.

Abu Dhabi’s Aabar Gets Nod To Buy 100m More Shares In Arabtec

Should it buy the permitted number of shares, Aabar’s stake would rise to 37.27 per cent.

Abu Dhabi Rents Rose 11% In 2014, Expected To Slow In 2015 – JLL

Dropping oil prices are anticipated to lead to a slowdown in rents and property prices this year, says JLL report.

NMC Health Planning To Dual-List In Abu Dhabi This Year

Three Abu Dhabi firms have listed in London since 2013: Al Noor Hospitals, Gulf Marine Services and NMC Health.

Oil Prices Fall On Market Relief Over Saudi Policy

King Salman has retained veteran Saudi oil minister Ali al-Naimi, in a message aimed at calming a jittery energy market.

Bahrain’s New Tenancy Regulations May Hamper Property Market Growth – Cluttons

Under new rules, set to be unveiled in February, it is proposed that rent increases will only allowed at contract renewal.

Dubai’s Al Maha Ranks Among TripAdvisor’s Top 10 Hotels For 2015

The desert resort ranked eighth among the world’s top 25 hotels as decided by TripAdvisor’s annual Travellers’ Choice awards.

Yemen Crisis Is First Big Test For Saudi Arabia’s King Salman

Yemen is at risk of breaking up with the ascent of the Houthi movement.

Oman’s EHC Picks Advisors For Muscat Power Firm Privatisation

The consortium, led by Canada-based CPCS Transcom International Limited, will start the study this month.

UAE Economy Minister: Expect Oil To Start Recovering By Mid-Year

Sultan bin Saeed al-Mansouri, speaking with Brent crude at about $48 per barrel, did not elaborate on why he expected the recovery.

Abu Dhabi Bourse CEO Says Most London-Listed Local Firms Agree Dual-Listing

Three Abu Dhabi firms have listed in London since 2013: Al Noor Hospitals, Gulf Marine Services and NMC Health.

Stock News: Gulf Markets Retreat As Oil, Global Stocks Fall

Brent crude traded just above $48 per barrel as Greece’s election results put pressure on oil and global equities.

Oman’s ORPIC Began 29-Day Maintenance On Sohar Refinery On Sunday

The maintenance is not expected to have any effect on the local market, ORPIC’s CEO said.

Qatar Utility QEWC Q4 Net Profit Gains 9.3%, Beats Estimates

The state-run utility made a profit of QAR360.5 million ($99 million) in the three months to Dec. 31.

Qatar’s Economy Minister Appointed Chairman Of Stock Exchange

The exchange’s previous acting chairman was Hussein Ali al-Abdullah, an executive director of the Qatar Investment Authority.

Emirates Debates Lower Airfares On Dropping Oil Prices

Emirates has been studying the impact of lower oil prices since November and is likely to introduce new prices in April.

Majid Al Futtaim Inks Deal To Expand Juicy Couture In The Middle East

As per the deal, MAF Fashion will be the wholesale and retail distributor for the brand in the Middle East and will work towards opening more stores in the region.

Germany Stops Arms Exports To Saudi Arabia

Members of Germany’s national security council declined to approve arms export to Saudi Arabia or deferred their decision until further notice, German newspaper Bild am Sonntag said.

Abu Dhabi Islamic Bank Q4 Net Profit Rises 19.3%

The bank made a net profit of Dhs409.6 million in the last quarter of 2014, it said in a statement.

Retreat Of Russian Shoppers Fails To Dent Dubai Retailers

Shopping malls recorded an 18 per cent increase in footfall during the first two weeks of the event compared to last year, according to the organisers of the festival.