Dubai’s Gulf Extrusions To Double Output

The firm, part of the Al Ghurair Group and one of the largest aluminium product makers in the Gulf, will lift annual output to 100,000 tonnes in the next three to four years.

Etihad Inks $14m Deal For Crew Training Equipment

As per the deal, Spatial Composite Solutions will provide Etihad with 14 cabin crew-training devices and will also refurbish the existing training equipment.

Stock News: Dubai Pulls Back, Qatar Starts To Recover

Wednesday is the last day when retail investors, who dominate Dubai’s market, can subscribe for shares in Emaar’s malls unit.

Masdar Buys 35% Stake In British Offshore Wind Farm Project

Masdar bought the stake in a $2.5 billion 402 MW offshore wind project from Norway’s Statoil.

Dubai’s Emaar Malls Listing Likely To Price At Top Of Range

The Dhs2.90 a share price would give the unit a value of Dhs37.7 billion, one of the sources said.

BlackBerry Set To Launch New Smartphone, Passport

The Passport boasts a big square screen and a unique touch-sensitive tactile keyboard.

Stock News: Saudi Bourse May Remain Under Pressure Ahead Of Eid Break

The main Saudi index fell 1.2 per cent on Monday, its biggest decline in three months.

UAE, Saudi, Bahrain Confirm Role In Strikes Against Islamic State In Syria

A sources said said the Saudis had sent four F-16 fighter jets, the UAE contributed four warplanes, Bahrain two and Qatar a Mirage jet.

UAE To Launch New Market For Trading Private Firm Shares

The new market targeting secondary listings from private joint stock companies will be operational within a few months, official news agency WAM said.

Bahrain, GCC Send Air Force To Attack “Terrorist” Sites

The statement was the first comment from a GCC state since the United States launched air and missile strikes in Syria for the first time on Tuesday.

Iran’s Rouhani Says Ties With Saudis Deserve To Be Warmer

Rouhani said that he had no plans to meet with U.S. President Barack Obama while in New York this week.

Dubai Properties Launches New Luxury Hotel In Culture Village

The new luxury hotel, which is scheduled to open by 2018, will be operated by Anantara Spa and Resorts, the developer said.

Security, Rival Operators Delay Mobile Newcomers’ Entry To Saudi

Saudi has 1.8 mobile subscriptions per person, which means the new firms must likely woo customers from existing operators and that threat could explain their apparent reluctance to cooperate.

Dubai Aluminium Plans $600m Smelter Upgrade

The Dubai entity currently produces 1.1 million tonnes of aluminium per year, with the planned upgrade set to enhance output by 100,000 tonnes when completed.

Kuwait’s Burgan Bank Launches $500m Tier 1 Bond At 7.250%

Investor orders for the issue grew to over $850 million, the document showed.

Saudi Banks In Strong Health – Central Bank Chief

The combined capital adequacy ratio of all banks was 17.8 per cent at the end of the second quarter this year, well above the eight per cent minimum specified by Basel standards.

Lenovo Launches First “Layered” Smartphone, VIBE X2 In UAE

The company also announced the launch of the VIBE Z2, and its flagship VIBE Z2 Pro, which is priced at Dhs2,499 in the UAE.

Pictures: Mega Launches And Displays From Cityscape Dubai

New project launches were announced by Dubai-based developers Nakheel, Damac, Deyaar and Meraas.

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Unit Of Dubai’s Emirates Group Wins Contracts Worth Dhs140m

Transguard said that it has won contracts with major firms such as TAV and Australian firm James L Williams.

UAE To Build $3bn Alumina Refinery By End-2017

Feasibility studies for the project have been completed, confirmed Emirates Global Aluminium CEO Abdulla Kalban.

Stock News: Emaar Lifts Dubai As Malls Unit IPO Pricing Nears

Emaar plans to sell 15 per cent of its subsidiary Emaar Malls Group (EMG) in an initial public offer launched this month.

Qatar’s Masraf Al Rayan Halts Libyan Bank Stake Buy On Political Conditions

The lender had said in January 2013 that it was looking to buy a strategic stake in a Libyan commercial bank.

Almost 57% Of UAE Residents To Invest In Dubai’s Property Sector

UAE residents more inclined to invest in property rather than gold, finds new survey.

UAE Oil Minister Says Premature To Decide On OPEC Output Target

Brent crude prices have fallen below OPEC’s preferred level of $100 a barrel.

Kuwait’s Burgan Bank Attracts Orders Over $650m For Tier 1 Bond

The bond with a perpetual tenor can be bought back by the lender after the fifth year.

Saudi Oil Minister Plays Down Concerns About Falling Crude Prices

Oil prices in Europe have declined since June as geopolitical concerns wane and key producers pump large amounts into the market.

Dubai Housing Costs Soar To Manhattan Peaks – Dubizzle

Several residents are being forced to move to the cheaper outskirts of Dubai or are also considering returning home abroad.

Qatar Rejects Suggestions That 2022 World Cup May Be Moved

FIFA executive committee member Theo Zwanziger had said the event would be shifted away from Qatar because of extreme heat in the country.

Saudi And UAE Join US In Launching First Strikes In Syria

The United States has been building a coalition to combat Islamic State, which has seized large areas in Iraq and Syria.

Dubai Has Too Many Property Brokers – RERA CEO

Dubai’s Real Estate Regulatory Authority will be introducing four new measures next year to regulate the sector.