Stock News: Saudi Arabia Positive, Dubai May Consolidate

The main index in Saudi Arabia rose 0.4 per cent on Monday and closed at 9,790 points.

Bahrain Orders Visiting US Official To Leave The Country

U.S. Assistant Secretary of State for Democracy, Human Rights and Labour, Tomasz Malinowski, was accused of “intervening” in Bahrain’s internal affairs.

Saudi Jails Four For Planning To Fight In Iraq, Supporting Al Qaeda

The four, one of whom was sentenced in absentia, were given prison sentences of two years to five years and six months.

Dubai’s Rents Rise Significantly In Q2, 2014 – Asteco

Jumeirah Beach Residence saw the highest increase in rent prices at 10 per cent quarter-on-quarter, according to a report by Asteco.

Shell Shelves Saudi Gas Development Project

Shell did not give a reason for the decision to end investments in the project, which is located in the Kidan area.

Kuwait Court Frees Prominent Opposition Figure On Bail – Lawyer

The court ordered Musallam al-Barrak to be freed on payment of a KD5,000 bail and delayed his case until September.

Agthia To Distribute Monster Energy Drinks In The UAE

Agthia also distributes Al Ain Water, Ice Crystal Water, Capri Sun kid’s juice drink and natural spring bottled water Alpin in the country.

Dubai’s DMCC Considers New Agricultural Contracts, Delays Spot Gold

The delay in launching the spot contract was due to not being able to link all the participants, DMCC chief said.

Dubai’s ENOC Receives Nod For 40 Fuel Stations In Saudi Arabia

ENOC is one of the three companies that won the qualification certification to open more outlets in Saudi Arabia.

UAE Regulator Says To Tighten Stock Market Supervision After Arabtec

The SCA said it would also set up a technical committee with the central bank and the exchanges to prevent any manipulation of stock prices.

Abu Dhabi Crown Prince Says UAE President Healthy, Dismisses Rumours

Sheikh Mohamed Bin Zayed dismissed news on social media sites about UAE President Sheikh Khalifa’s health as being “mere rumours”.

Drake & Scull’s German Unit Secures Dhs103m Contract In India

Drake & Scull subsidiary Passavant Energy & Environment will construct and operate two wastewater treatment plants in the North Indian state of Punjab.

Etihad Partners With Google To Register On Flight Search Tool

Google’s Flight Search tool allows users to check out flight schedules and live ticket prices.

Oman Sees Rise In Tourism Numbers In 2014

Overall hotel revenues in Oman reached OMR65.9 million, up 10 per cent from the same period last year, when it touched OMR59.7 million.

Saudi Retailer Jarir Marketing Q2 Net Profit Rises 7.1%

The company said the increase was due higher sales in all segments apart from computers.

Kuwait Police Disperse Rally Demanding Politician’s Release

Prominent opposition politician Musallam al-Barrak has been detained for questioning over allegations that he insulted the judiciary.

Saudi Arabia Jails Human Rights Activist Walid Abu al-Khair For 15 Years

Abu al-Khair had been on trial on sedition charges that included breaking allegiance to King Abdullah and showing disrespect for authorities.

Dubai’s CBD Arranges Dhs200m For Movenpick Hotel Acquisition

The financing was arranged for BMJBR Properties Limited, a company owned by the private equity arm of Bank Muscat, the lender said in a statement.

Bahrain’s Gulf Air Increases Summer Services To Beirut, Bangkok And Amman

Gulf Air’s services to all three destinations were reduced recently due to instability in those regions.

Dubai’s Finances Stronger But Still Vulnerable, IMF Says

Dubai’s government debt is expected under a baseline scenario to fall gradually to 41.6 per cent of gross domestic product in 2019 from 60.2 per cent in 2013, the IMF said.

Saudi Hollandi Bank Q2 Net Profit Jumps 28.1% On Higher Income

The lender cited higher operating income – which increased 17 per cent year-on-year – for the increase in net profit.

Saudi’s Emaar EC Says Port Unit Agrees Capital Hike To Fund Expansion

The port, which began operating on Jan. 6, currently has an annual capacity of 1.3 million twenty-foot equivalent units.

Etihad Starts Flights To Armenia

The new Abu Dhabi – Yerevan route will offer a total of 1,088 seats per week.

Kuwait’s Americana Says No Knowledge Of Any Suitors

Last week, Bloomberg reported private-equity firms KKR & Co LP and TPG Capital were among groups looking to buy a majority stake in the food retailer.

UAE Visitors Spent $1.145m In First Two Weeks Of FIFA World Cup- Visa

Middle East travellers have spent around $2.7 million on their visa cards since the start of the tournament, the payments provider said.

Stock News: Property, Banks Lift UAE Markets

Dubai’s main index climbed 2.4 per cent as shares in Arabtec jumped 5.4 per cent in early trade.

Adagio Abu Dhabi Al Bustan Opens Its Doors

Accor’s largest regional apartment-hotel property targets long-stay guests in UAE capital.

Ramadan 2014: Top 10 Iftars In Dubai

A list of the top iftars around Dubai this Ramadan and what they charge along with their major attractions.

Pictures: Dubai’s New Mega Mall Of The World Project

The development will include the world’s largest mall and a range of leisure, retail, cultural, wellness and hospitality options.

Saudi Electricity To Be Paid SAR2.7bn In Debt Owed

The payment will have a significant impact on earnings, the company said.