Saudi Electricity Says 4,750MW Of Capacity To Be Online In Riyadh By 2017

SEC plans to spend $166 billion between now and 2023 on adding 40,000 MW of installed generating capacity.

Nakheel Appoints Consultant For New Mall At Jumeirah Village Triangle

The two million square foot mall will feature a multi-screen cinema, supermarket, speciality shops and F&B options.

Stock News: Arabtec Speculation Lifts Dubai

Shares in Dubai builder Arabtec rose as speculation grew about the sale of the stake owned by former CEO Hasan Ismaik.

Dubai’s Damac Sells Out First Release Of AKOYA Oxygen Project On Day One

The new development, spread over 55 million sq ft in Dubailand, will feature residences surrounding a golf course.

Stock News: Conservative Ownership Rules May Slow Saudi Uptrend

The Capital Market Authority proposed limiting total foreign ownership of the market’s value to 10 per cent.

Exclusive: MAF Properties CEO George Kostas On Dubai’s Retail High

In an exclusive interview, George Kostas elaborates on the future of the company.

Dubai Ranks Among World’s Top 10 Most Influential Cities – Forbes

The emirate ranked seventh on the list, beating Los Angeles, Beijing and Sydney.

Kuwait To Boost Oil Exports To China To 500,000 bpd In 3 Years

Last week, Kuwait concluded a new 10-year deal with a China’s Sinopec Corp to nearly double its supplies.

Etihad Plan To Buy Darwin Stake Fails To Meet Swiss Rules

Switzerland’s Federal Office of Civil Aviation said that Darwin, rebranded as Etihad Regional, has until Sept. 30 to make changes to the agreement.

How To Set Up A Business In Dubai

All the information you need to get up and running with your venture in one of easiest places in the world to do business in.

UAE President Sheikh Khalifa Approves New Anti-Terror Law

The new anti-terrorism law includes harsher punishments for violators.

Nakheel Awards Dhs146m Construction Contract For Jumeirah Islands

Metac General Contracting has won the contract to build 84 townhouses and a new retail centre within the new development.

New Carrefour Opens In Burjuman Following Renovation

The store is the first to open for business in the mall’s renovated North Wing.

Kuwait’s Khorafis Win Dubai Judgement Vs Bank Sarasin

No figure for compensation was set but the family has been claiming over $26.5 million.

Kuwait Detains Muslim Cleric Suspected Of Funding Militants

Hajjaj al-Ajmi was detained at the airport on his arrival from Qatar.

UAE Tells Citizens To Avoid Central London Areas Due To Crime

The warning comes after two violent attacks on Emirati tourists in the UK capital this year.

German Minister Accuses Qatar Of Funding Islamic State Fighters

Gerd Mueller presented no evidence of a Qatari link to Islamic State.

Nakheel Repays All Dhs7.9bn Bank Debt Four Years Early

The state-controlled developer will repay 31 banks Dhs5.54 billion on Thursday, it said.

Jeff Singer Resigns As CEO Of Dubai Financial Zone Authority

Singer was appointed CEO in July 2012, after four years as CEO of the Nasdaq Dubai bourse.

Sony Launches ‘World’s Most Waterproof Phone’ Xperia M2 Aqua In UAE

The mid-range phone, priced at Dhs1299, comes with most of the same features as the Xperia M2.

Just Falafel CEO Fadi Malas Resigns

Malas is leaving to pursue new opportunities in the SME sector, the company said.

Standard Chartered PE Invests $75m In Gulf’s Topaz Energy

Standard Chartered Private Equity will inject the equity in return for a 9.8 per cent stake in the business.

Al Jazeera Rejects Al Gore’s Allegations On Current TV Deal

The former US vice president and his partner claimed the news channel owed them “tens of millions of dollars.”

New Traffic Diversion On JBR Street Ahead Of Dubai Tram Launch

The one-km-long diversion, expected to last for a month, will be the final one ahead of the Dubai Tram launch in November.

Dubai Duty Free Reprices $1.75bn Loan For Second Time

The six-year loan, originally signed in July 2012, was split between dirham- and U.S. dollar-denominated tranches.

Damac Launches New Mega Project, AKOYA Oxygen, In Dubailand

The new development, spread over 55 million sq ft, will include residential property surrounding a championship golf course.

Saudi Arabia’s Grand Mufti Denounces Iraq’s Islamic State Group

Sheikh Abdulaziz Al al-Sheikh said the militant groups Islamic State and al Qaeda were “enemy number one of Islam”.

National Bank Of Kuwait Appoints Nasser Al-Sayer Chairman

He succeeds Mohammed Abdulrahman al-Bahar, who died earlier this month.

Saudi Court Sentences One To Death, 30 To Jail For Militant Attacks

The men were sentenced for their part in a series of militant attacks against government and foreign targets last decade.

Dubai Creates New Fund Class To Lure Asset Managers

The qualified investor funds (QIFs) can be offered only to experienced professional investors and require less regulation.