Flexing For Success: Nitesh Seebran, COO, Gold’s Gym

Ever keen for a workout, COO Nitesh Seebran explains how he hopes to lift the Gold’s Gym brand to the top of the GCC fitness market.

UAE’s Ithmar Capital Picks Credit Suisse, Deutsche Bank For $436m Dubai IPO

The proceeds will be used to invest in healthcare and education assets, according to sources.

Etihad Airways To Raise $2bn In 2014 To Fund Stake Buys, Aircraft

The funds would be raised through loans, the airline’s chief financial officer confirmed.

Industries Qatar Shelves Multi Billion Dollar Petrochemicals Project

The Al Sejeel petrochemical project, one of the world’s largest mixed-feed steam crackers, was scheduled for completion in 2018.

Jet Airways Launches Fifth Daily Service Between Dubai And Mumbai

The airline will deploy a Boeing 737-800 aircraft to operate the new service, which will begin from October 14.

Property Developer Damac Buys Naming Rights For Dubai Metro Station

The agreement is a part of RTA’s naming rights project, which aims to raise revenue for the Dubai Metro through branding.

Abu Dhabi’s Mubadala Posts 23% Profit Rise On Higher JV Income

Income from Mubadala’s joint venture businesses doubled to Dhs2.12 billion, thanks to Emirates Global Aluminium and Dolphin Energy.

What To Expect From Cityscape Global 2014 In Dubai

This year’s edition of the property event promises huge stands and mega launches, and expects over 35,000 attendees.

Saudi Fighter With Islamic State Urges Fighters To Wage Jihad In Kingdom

The man called on his countrymen to attack not only the ruling family and Westerners in Saudi Arabia, but also the Kingdom’s senior Muslim clergy.

Dubai Regulator Imposes Curbs On Local Espirito Santo Bank

ES Bankers (Dubai), part of Espirito Santo group, has been restricted from taking or paying deposits, and is required to maintain and preserve its assets, the DFSA said.

Indigo Properties To Launch Villa Project, Zen, In Dubai Golf City

The project will include retail areas, parks, jogging tracks, streams, meditation nooks and sunken pavilions.

Abu Dhabi’s Waha Capital To Buy Back Up To 10% Of Stock

Waha said the programme, approved by its board on Wednesday, would allow it to repurchase up to 194 million shares.

Emirates To Fly ‘One Off’ A380 To Tehran

Dubai carrier ponders regular double-decker services to Iranian capital

Dubai’s Seven Tides Launches Luxury Penthouses In Palm Jumeirah

The prices for the penthouse apartments range from Dhs20.5 million to Dhs40 million, the company said.

Emir Assures Merkel Qatar Doesn’t Fund Extremists In Syria, Iraq

Angela Merkel said Al Thani had assured her Qatar’s security was also at stake in the fight against the Islamic State and that she had “no reason not to believe what the emir said”.

Saudi Utility To Spend $80bn By 2025 To Raise Water Production

SWCC, also Saudi Arabia’s second largest power producer, now produces 3.6 million cubic meters per day of desalinated water.

German Chancellor Merkel Sees Closer Energy Cooperation With Qatar

Qatari ruler Sheikh Tamim bin Hamad Al Thani is currently visiting Berlin.

Emaar Says Shareholders To Get One Share In Malls IPO For Every 36 Held

Emaar is aiming to sell two billion shares in EMG, representing 15.4 per cent of the unit’s share capital.

Dubai Lender Mashreq Sets Sights On Egypt And Turkey, Says CEO

Mashreq also has no interest in any of Standard Chartered’s UAE operations, CEO Abdul Aziz al-Ghurair said on the sidelines of a company event in Dubai.

ENEC Says UAE’s First Nuclear Reactor Is 57% Complete

The first nuclear reactor is scheduled to enter commercial operations by 2017, the UAE’s nuclear agency said.

Saudi Arabia’s Top Clerics Speak Out Against Militancy

A statement from the state-appointed Council of Senior Scholars has also called for prohibiting militant financing.

Pictures: Qatar Airways Receives First Airbus A380

The Qatari carrier will deploy the jumbo jet on its Doha- London route from October.

New Online Real Estate Auction Platform Launches In Dubai

Called eZayed, the platform allows for physical and online bidding on real estate.

Almost 17% Of UAE SMEs Increase Staff In Last 12 Months

Around 18 per cent of SMEs in the UAE have stepped up their exports to overseas markets while 26 per cent of them have expanded their domestic operations, a new survey says.

Kuwait Airways Studying Offer To Buy 10 Boeing 777 Planes

The deal might be valued at about $3.2 billion, according to the list prices of the aircraft.

Etihad CEO Says Model Of Global Airline Alliances Is ‘Fractured’

The Gulf carrier plans to instead invest in equity stakes and codeshare deals to grow, said James Hogan.

Saudi Arabia To Allow OTC Trade Of Shares In Suspended Or Delisted Firms

The Capital Market Authority has issued rules covering such trade and will immediately start receiving requests from companies to conduct it, the authority said.

Mall Of The World, Dubai Design District To Be Showcased At Cityscape

Major projects being developed by Dubai Holding and its units, Dubai Properties and Tecom Investment will be displayed during the upcoming property show.

Zain Bahrain Extends IPO Subscription Period By Two Weeks

No reason was given in the statement for the extension, which moves the closing date for investors to buy shares in the initial public offer to September 30.

Kuwait’s Americana Says Major Shareholder Evaluating Options On Stake

The Kharafi family is the billionaire majority shareholder with 66.8 per cent of the firm.