Chevron Sells Stake In Canadian Shale Field To Kuwait

The deal with Kuwait Foreign Petroleum Exploration Co helps Chevron reduce production risk and gives it more capital to increase drilling in Alberta’s Duvernay shale formation.

UAE’s RAK Petroleum Plans To list In Oslo

The firm aims to raise $25 million in an initial public share offering (IPO).

Emirates To Launch A380 On Milan Route

The A380 service will help boost capacity by around 38 per cent on the Dubai-Milan route, the airline said in a statement.

Kuwait’s KPI Cancels Refinery Investment, Considers Sale

The refinery could be converted into a storage terminal or might be shut down permanently following the cancellation of the investment, an official said.

Dubai’s RTA Launches Drone Service To Monitor Projects

The Roads and Transport Authority said that drones help access areas that are unreachable through human means and can also be used during emergencies on roads.

Iran Releases Journalist, American Husband Still In Jail

Yeganeh Salehi, Tehran correspondent for the UAE English language newspaper, The National, was freed last week and is said to be in good health.

Falcon Private Bank Appoints New Global Head Of Private Banking

Erich Pfister joins the bank from Credit Suisse, where he was head market area United Kingdom and international.

Zain Arm Draws Weak Demand For First Bahraini IPO Since 2010

Money raised from the offering will be used to fund upgrades of its network infrastructure as well as expand its super-fast 4G LTE offering in the kingdom.

UAE’s Emke Group Buys Stake In East India Company

The group will acquire almost 10 per cent stake in British trading firm East India Company along with a 40 per cent share in its fine foods subsidiary.

UAE Says Biden Apologises For Any Implication It Supported Militants

State news agency WAM said on Sunday that Biden had telephoned Sheikh Mohammed bin Zayed al-Nehayan, who is also the deputy supreme commander of the UAE armed forces, over the comments.

UAE Says Shocked By US Vice President’s Comments On Terror Financing

Joe Biden said that the Middle East had provided money and weapons to Al Nusra and Al Qaeda.

BP Awards $730m Drilling Contracts For Oman’s Tight Gas Project

The Khazzan project aims to extract around one billion cubic feet (bcf) per day of gas.

Oman Says Sultan In Good Health After Medical Tests

Sultan Qaboos has been in Germany since July for medical tests.

Kuwait In Talks With Major Oil Companies To Develop Fields

Kuwait has invited BP, Total, Royal Dutch Shell, ExxonMobil and Chevron, to bid for an agreement for the northern Ratqa heavy oilfield.

Vodafone Qatar Agrees To Buy State-Owned Broadband Firm

Vodafone Qatar will buy 100 per cent of Qatar National Broadband Network, comprising 21 million shares.

Saudi Arabia Clerics Step Up Anti-Islamic State Drive At Haj

About three million Muslims, among them 1.4 million from abroad, are expected to perform haj this year.

Has Dubai’s Property Market Finally Lost Steam?

Although this year’s Cityscape saw bigger displays and numerous new project launches, experts say the market is leveling off.

Saudi Arabia Fears Yemeni Tumult May Boost Its Main Foe Iran

The capture of Yemen’s capital Sanaa by Houthi fighters, who have ties with Iran, has jolted Saudi Arabia.

Bahrain To Detain, Question Activist Nabeel Rajab For One Week

Rajab was freed in May after two years in jail on charges of organising and participating in illegal protests.

US To Deploy 2,300 Troops To Kuwait As Part Of Crisis Unit

The unit, which will include several aircraft, has been deployed to deal with sudden contingencies, said Pentagon spokesman Rear Admiral John Kirby.

Revealed: Last Minute Eid Hotel Deals In The UAE

Packages still available for hotel stays across the country on local deals website Triperna.com.

Emaar Properties Mulls Listing Hotels Unit – Chairman

Emaar sold a 15.4 per cent stake in Emaar Malls Group (EMG) in an initial public offer last month, raising $1.6 billion.

Dubai Detectives To Get Google Glass Face-Recognition Technology

Software developed by Dubai police will enable a connection between the wearer of the glass and a database of wanted people.

Up to 40% Of UAE YouTube Users Come From Mobile

A study by Google found that 80 per cent of smartphone users in the UAE watch online videos on their devices.

Emirates President Says Asian Demand For Africa Flights Hit By Ebola

Emirates suspended flights to Guinea in August, but has continued flying to other affected destinations.

Dubai Bourse To See Further Listings By Year-End – Chairman

DFM chairman Essa Kazim said that the bourse expects to receive one more listing before the year-end.

Dubai’s Emaar Malls Group Jumps 20% On Listing

Emaar’s shares, which were sold at Dhs2.90 in the heavily oversubscribed IPO, rose to Dhs3.49 on the market.

National Bank of Kuwait Says Sells Qatar Bank Stake For $538m

The bank will book a profit of KD25 million from the sale in its 2014 accounts, it said in a bourse filing.

Saudi’s National Commercial Bank Says To Raise $6bn In IPO

The bank will sell 300 million shares to Saudi individual investors and 200 million shares to the state-run Public Pension Agency at a price of SAR45 per share.

Bahrain Summons Activist Over Critical Tweets – Ministry

The Ministry said that Nabeel Rajab was summoned for questioning on Wednesday “regarding tweets posted on his Twitter account that denigrated government institutions”.