Bahrain’s Investcorp Buys U.S. Real Estate Assets For Around $250m

The properties are in Durham, North Carolina, Seattle in Washington, and Jacksonville in Florida, the company said in a statement.

Dubai’s Arabtec Says Unaware Of Potential Stake Sale By Ex-CEO

Arabtec said it “does not have the information” on such a deal, it said in a bourse statement.

UAE’s ENEC Gets License To Build Two Nuclear Reactors

ENEC is expected to apply for a separate operating license before it can operate the reactors as the current approval only covers the construction of the units.

Dubai’s Emaar Says First Tranche Of Malls IPO Already Covered

Emaar is aiming to raise as much as Dhs5.8 billion ($1.58 billion) from the offer of shares in Emaar Malls Group (EMG).

Qatar National Bank Lifts Ecobank Stake In $283m Deal

The purchase comes after QNB acquired a 12.5 per cent stake in Ecobank from Nigerian “bad bank” Asset Management Company of Nigeria (AMCON) this month.

Thai PTT And Saudi Aramco In Joint Vietnam Petrochemical Project

State-controlled PTT and Aramco will each own 40 per cent of the project at Binh Dinh’s Nhon Hoi economic zone, with the Vietnamese government holding the remaining 20 per cent.

Dubai’s Omniyat To Unveil Three Mega-Projects Worth Dhs3.5bn At Cityscape

The upscale residential developments will be located in Palm Jumeirah, Dubai Maritime City and Downtown Dubai.

Dubai Firms Eye Sharjah For Bulk Staff Housing

Increased demand for bulk staff housing from Dubai firms has caused rents in Sharjah to rise, a Cluttons report says.

Ex-CEO Of Dubai’s Arabtec Agrees To Sell Stake To Aabar

Sources say that Hasan Ismaik has finalised the sale of stake in Arabtec to Aabar and the deal will be announced soon.

Almost 86% Of GCC Firms To Hire Over The Next Three Years

Business confidence has grown in the UAE with more than 45 per cent of the respondents expecting the Expo win to have a positive impact on their growth plans.

Dubai’s RTA Launches Five Mobile Apps Offering 30 New Services

The new applications that were released include the Drivers and Vehicles smartphone app, Smart Parking app, Business Sector Services app, Salik Smart app and the Public Transport app.

Saudi Arabia Says Buys 610,000 Tonnes Of Hard Wheat

The wheat is to be shipped in 10 consignments, with 310,000 tonnes for shipment to the port of Jeddah and 300,000 tonnes for the port of Dammam.

New $1.5bn Royal Atlantis Resort Planned For Dubai’s Palm Jumeirah

The new resort, to be completed by 2018, will consist of 800 rooms, suites and 250 hotel apartments.

Oman Plans 3-Week Turnaround At MAF Refinery In November

The turnover of Mina al-Fahal refinery will be carried out to upgrade certain equipments, the company said.

Islamic Lender Turkiye Finans Eyes Presence In Bahrain

No details were given on the timeframe to start operations or what type of licence was being sought to establish in Bahrain.

Libyan PM Accuses Qatar Of Sending Planes With Weapons To Tripoli

Libyan Prime Minister Abdullah al-Thinni said that he will consider breaking off relations with Qatar if it continued to interfere in Libya’s internal affairs.

Kuwait’s KNPC Names NBK Finance Advisor For $12 bn Refinery Upgrade

The Clean Fuels Project will upgrade and expand two of the Gulf Arab state’s largest existing refineries with a focus on producing diesel and kerosene for export.

Qatar-Based Cleric Criticises US Role Against Islamic State

Sheikh Youssef al-Qaradawi, an Egyptian-born cleric based in Doha, said Washington was acting in its own interests.

UAE National Service Recruit Dies Of Heart Attack

Mohammed Khalid Khalifa Al Raisi suffered a sudden heart attack at the Armed Forces Residences on Saturday night.

UAE Salaries To Rise 4.8% In 2015

Salaries across the GCC are predicted to rise by five per cent in 2015, according to Aon Hewitt.

Aramco, GE And TCS Open Saudi Arabia’s First All-Female BPO

Located in Riyadh, the new centre is expected to create 3,000 local jobs for Saudi women.

Abu Dhabi To Host 462 Tour Operators, Media In Sept To Boost Tourism

The familiarisation trip includes delegates from nine countries in the Americas, Europe, Middle East and Russia.

Empower

Dubai’s Empower Secures $127.8m Islamic Loan

The loan will be used to fund Empower’s multi-plant district cooling network in Dubai’s Business Bay area, the company said in a statement.

Saudi’s Savola Says To Sell Stake In Property Project For $158.3m

The company will sell its 30.4 per cent holding in the Masharef project to Kinan International Company for Real Estate Development.

Prominent Muslim Brotherhood Figures To Leave Qatar

Qatar and Turkey were the only regional countries to back the Brotherhood after Egypt’s army toppled Mohamed Mursi last year following mass protests against his rule.

RTA Confirms Completion Of Phase II Of Jumeirah Corniche Project

The newly completed phase of the project will be open to public from the third week of September, RTA said.

Dubai’s Emaar Looks To Raise $1.58 bn From Malls Unit’s IPO

Emaar expects to sell two billion in Emaar Malls Group with a price range of Dhs2.50 to Dhs2.90 per share, it said in a statement.

UN Rapporteur Criticises Oman Over Right To Assembly

The special rapporteur said that though Oman’s law guarantees the right to peaceful assembly within its limits, it is quite restrictive.

Dubai’s Marka To List Shares Sept. 25, First Flotation Since 2009

Marka initially planned to list its shares on the DFM around the first week of June, but the market was hit by volatility that month.

Dubai’s Property Sector Plots Conservative Growth

When Dubai’s residential property prices shot up sharply last year, it invoked fears of another bubble, but analysts suggest the market is sturdier this time around.