Abu Dhabi Firm Signs Deal To Develop $9.7bn Project In Greece

The project includes the redevelopment of the former international airport in Hellenikon, Athens.

Dubai Will Repay 2015 Debt On Time

State-linked firms are likely to repay obligations ahead of schedule.

IMF Says Dubai May Need To Do More To Avert Property Bubble

IMF official asks Dubai officials to look at stricter measures such as those used in Singapore and Hong Kong to cool property market.

JA Resorts & Hotels Targets Aggressive Expansion In Dubai

The firm is also looking to expand its Indian Ocean portfolio with potential contracts in Thailand and Sri Lanka.

Saudi’s Alkhair Capital Predicts 10% Annual AUM Growth

Alkhair, which has been operating in the Saudi market since 2009, opened an office in the Dubai last month.

Kuwait Renews Crude Oil Contracts With India’s BPCL

BPCL operates a 240,000 bpd Mumbai refinery in western India and a 190,000 bpd Kochi refinery in the south of the country.

Saudi Arabia Eyes “Qualitative” Shift In Economic Development

Economy and Planning Minister targets annual economic growth of five percent in the country’s 2015-19 development plan.

GIH Faces Kuwait Shares Suspension If It Misses AGM Deadline – Watchdog

Ultimatum a sign of the Capital Markets Authority (CMA) tightening its oversight on corporate disclosure norms in the Gulf State’s financial sector.

Saudi Econ Minister Targets 5% Annual Growth

Growth expected as a result of the country’s next five-year development plan.

King Abdullah Economic City Halts Financial District Plans

Concerns that the KAEC Financial District would not be competitive have halted development.

Qatar Airways To Receive Its First A380 By Early June

Delivery coincides with the Doha-based carrier shifting its operations to Hamad International Airport

Emirates Spent Dhs20bn On Marketing In Last 20 Years – Official

The airline has allocated up to three per cent of its revenue on marketing and promotion, says senior executive.

Saudi Arabia Mulls Lifting Visa Restrictions

Saudi tourism president says the Kingdom will consider changing its policies as systems, airports and the country’s security network improves.

Dubai’s Economy To Grow Around 5% In 2014, Same As 2013

Dubai accounts for a quarter of output of the UAE’s economy.

Qatar Airways CEO Says Company Fully Government Owned

Qatar’s sovereign fund bought a 50 per cent stake from Qatar’s former prime minister and other shareholders last year.

Qatar Airways To Launch Al Maha Airways In KSA In November

CEO Akbar Al Baker said it will operate eight A320s in the Kingdom.

Al Hassan Engineering Wins $5.2m Al Ghurair Deal

The Omani contractor will construct phase two of the Al Ghurair plant expansion in Abu Dhabi’s ICAD – I Mussafah.

Dubai Airports CEO Paul Griffiths

Exclusive: Transit Airlines Won’t Make Dubai World Central Move Until 2025

Airlines are expected to follow Emirates to DWC when growth requirements are met.

Dubai Investments Q1 Net Profit Jumps 26%

The firm also confirmed that it planned to sell off some assets.

Exclusive: Dubai To Build New Tourism Training Academy

The new entity is expected to begin operations within a couple of years, Dubai’s tourism chief confirms.

Wyndham Brings Garden Hotel Brand To Doha

The four star property will be Wyndham’s second in Doha, following the opening of the Wyndham Grand Regency in 2011.

Etihad Says Is Buying Stakes In Europe To Compete, Not Control

Etihad currently has holdings in Air Berlin, Air Lingus and Air Serbia.

Butlers On Board Etihad A380s

Etihad appears intent on pushing its first class into the luxury private jet space, targeting high-net-worth individuals across the globe.

IFA, Tijaria’s $50m JV To Develop Vacation Club

The $50 million joint venture would fill a current market gap, a company executive said.

Oman’s Sohar Oil Refinery Shut For Cooling Pipe Repair -Operator

The refinery has capacity to process around 116,000 barrels per day of Omani crude.

Oman 2013 Nominal Economic Growth Slowest Since 2009

The slowdown would underline the government’s main challenge of creating enough jobs for the country’s growing population of nationals.

Bahraini Shi’ite Youth Risk Radicalisation As Political Talks Stall

There are fears that a deadlock in political efforts to solve a three-year-old standoff is deepening frustration among young Shi’ites.

Dr. Nasser Saidi: Dubai’s Expo 2020 Could Herald Regional Transformation

Revisiting why Dubai hosting Expo 2020 should ring in investor and consumer confidence, writes the founder and president of Nasser Saidi & Associates.

Dubai’s Arabtec Appoints New CFO -Statement

Iyad Abdalrahim was formerly CFO of Arabtec’s construction unit.

Saudi Arabia Reports 25 New Cases Of MERS, Deaths Stand At 109

The total number of cases in the kingdom is 396, of whom 109 have died.