Saudi Forces Kill Four Militants In Awamiya – Interior Ministry

The dead were behind the killing of a member of the security forces and wounding of another last week, a ministry spokesman said.

Bomb Blast In Bahraini Shi’ite Village Wounds Three Policemen

The bomb explosion occurred in Bani Jamra, a Shi’ite village northwest of the capital Manama.

Oman Sovereign Fund Boosts Buying Of Local Stocks

The organisation’s executive president said that the fund has been investing heavily in Muscat Securities Market, taking advantage of the fall in prices.

Raytheon Wins $2.4bn Contract For Qatar Patriot System

The contract, announced by the U.S. Department of Defense, includes spare parts and is due to be completed by April 30, 2019.

Exclusive: New York University President On The Move To Abu Dhabi

John Sexton, the president of one the world’s top universities, explains why he decided to expand to Abu Dhabi.

Saudi Rulers Reconsider Ties To Wahhabi Clergy

Radicalisation of Muslims in the Kingdom has led to domestic attacks and the involvement of Saudis in jihadist movements.

UAE Says Oil Price Drop Won’t Last, Market To Return To Balance

UAE Oil Minister Suhail Bin Mohammed al-Mazroui said that all players must shoulder their responsibilities to reach market balance.

BlackBerry To Launch New Classic In UAE Before Year-End

The phone, priced at Dhs1799, is modeled around BlackBerry’s popular Bold 9900.

Saudi Arabia’s Naimi Says Difficult For OPEC To Cut Oil Output

Saudi Arabia, the largest producer in OPEC, will stick to its policy to maintain output, Naimi said, according to state news agency SPA.

Bahrain May Start Importing Russian Gas From 2017

A senior official said that gas will be transported by sea from Russia to Bahrain but did not specify the amount of gas that will be imported.

Kuwait Says Accepts Iraq Request On Gulf War Reparations

A UN official said that Iraq has requested a one-year deferral of a $4.6 billion reparations payment for destroying Kuwait’s oil facilities during the Gulf War.

Saudi Crude Oil Exports Rise To Almost 6.9m bpd In October

The OPEC member exported 6.897 million barrels per day of crude in October, up from 6.722 million in September.

Dubai’s DP World Says Shareholders Back EZW Buy, London Delisting

The assent was granted at a meeting on Thursday, with the proposals receiving near-unanimous support from independent shareholders, DP World said.

Stock News: Gulf Markets Surge As Oil Rebounds; Dubai Up 13%

Stock markets in Saudi Arabia and the UAE soared on Thursday as the price of oil rebounded.

Dubai’s ENOC Slashes Retail Diesel Charges As Oil Price Plummets

The fuel retailer said that the price reduction is in line with the international crude oil price trends.

Stock News: UAE Markets Soar On Stronger Oil; Dubai Up 7.7%

The price of brent crude for February delivery settled up two per cent at $61.18 a barrel on Wednesday.

UAE Regulator Urges Brokerages To Obey Margin Trading Rules

The SCA also stressed that brokerages must inform clients of any shortages in their margin accounts on a daily basis.

Dubai’s Drake And Scull Mulls Share Buyback

The company’s shares have plunged 42 per cent since the end of October as part of a panic sell-off in the Gulf.

Sheikh Mohammed Launches New Strategy, Dubai Plan 2021

The plan outlines the emirate’s development framework over the next seven years.

Two UAE And Two Egyptian Military Officers Die In Plane Crash

The officers were killed on Wednesday when their plane crashed during a joint exercise in Egypt.

Dubai, Bahrain Bourses To Simplify Share Transfer

Shares of three Bahraini companies are listed on DFM and accounted for one tenth of the bourse’s traded value this year.

Qatar Risks Losing World Cup Without Job Reform-Zwanziger

The official said that the Gulf state has not established an independent commission to monitor human rights across its construction sites.

Dubai’s Off Plan Property Sales On Rise – Cluttons

The emirate’s off-plan sales market has been attracting strong investor interest despite a fall in house price growth, a new report says.

Despite Oil Slump, Saudi To Keep Spending On Projects In 2015 Budget

The Kingdom will continue spending on development projects and social benefits in 2015, its finance minister said.

PepsiCo Opens New Manufacturing Plant in Saudi, To Create 300 Jobs

The new snacks manufacturing facility, in Dammam, is the company’s 15th facility in the Middle East.

UAE Economy Minister Reassures Investors After Stock Market Plunge

The minister urged investors to base their decisions on careful analysis and act rationally.

Over 80,000 People To Travel On 240 Emirates Flights On Dec 19

The Dubai-based carrier is preparing for its ‘busiest’ week of 2014.

Kuwait Minister Says Oil Prices Could Improve In Second Half Of 2015

Oil fell to close to $59 a barrel for the first time since May 2009 on Tuesday.

Captain, Officer Of Kuwaiti Ship Detained After Deadly Collision

The Kuwaiti ship collided with a fishing vessel in the Red Sea, killing 13 Egyptians.

Serbia’s Central Bank Issues Licence To UAE’s Mirabank

The bank is expected to start its regular operations by the end of March 2015.