Dubai Tells Global Bankers To Expect Another Boom

The emirate organised its first big investor roadshow since the crisis in London.

Five Minutes With… Alvaro Silva-Santisteban F, Director, Peru Trade Office – UAE

Peru hopes to double trade with the UAE this year, according to the head of the Trade, Tourism and Investment Office of Peru in the UAE.

Etihad Nears Extension Of Air Berlin Partnership; Still Looking At Alitalia

The Gulf carrier is expected to give a proposal to the Italian airline soon to start formal talks on the potential investment.

Emirates NBD May Write Back Dubai World Exposure

The Dubai lender provisioned five per cent of its total Dhs9 billion ($2.5 billion) exposure to Dubai World.

Cunard’s Queen Elizabeth Cruise Ship To Make Debut Call In UAE

Cruise liner Queen Elizabeth will arrive on April 17 at Zayed Port as part of a 2014 World Cruise programme and will spend a day in Abu Dhabi.

UAE Company Marka To Launch IPO In Dubai, Plans DFM Listing

The 12-day offer of 275 million shares at Dhs1 each, represents 55 per cent of the company’s capital.

Starwood, MAF Sign Deal To Open Westin, Le Meridien Hotels In Bahrain

Both the hotels are scheduled to open in July 2014.

Dubai House Rents Up 23% In Q1 2014

Sports City recorded the largest rise in rents as rates grew by 41 per cent, a report says.

Kuwait In Talks To Renew Contracts On Supplying Oil To Egypt

In July 2013 Kuwait pledged $4 billion to Egypt, including $1 billion in oil products.

Kuwait’s Oil Output Capacity Rises To 3.3m Bpd – KPC

Kuwait’s oil production is expected to reach 3.5 million barrels per day by 2015, a senior official said.

Dubai’s Sheikh Ahmed Says Agreement In Principle On UAE Bourse Merger

Advisors had been appointed last year to help facilitate a merger of the exchanges, but the idea has been discussed sporadically for years without a deal.

UAE NRIs Will Increase Investments In India Post Elections – Survey

The majority of respondents expect investor friendly policies as India elects new government.

Bahrain Q4 GDP Growth Slows To 5.4%

The mining sector, which includes oil production and accounts for over a fifth of GDP, led growth in the fourth quarter.

Etihad CEO Says Near Finalising Next Stage Of Air Berlin Partnership

German media reports last month said the UAE-based airline could increase its stake in Air Berlin to 49.9 per cent from the current 30 per cent.

Dubai Gold Exchange To Introduce Spot Gold Contract In June

The contract is expected to be for 1 kilogramme (32 troy ounces) of 0.995 purity gold, a spokesman said.

Dubai Gold Centre To Tighten Sourcing Supervision

The move comes after the British media alleged that the DMCC failed to follow international guidelines designed to govern sourcing of gold.

Small Blast Heard In Bahrain Capital – Witnesses

The incident took place near a government security building in the Adliya district.

Milan To Dubai: Building The Expo Connection

As Expo 2015 host Milan prepares for the event, officials say they are pleased to hand the baton to Dubai in 2020.

Dubai’s Emirates REIT Expands IPO Due To Strong Demand

Emirates REIT will raise $175 million in the IPO, which was 3.5 times oversubscribed, by selling 128.68 million new shares.

Kuwait’s Americana Chairman Says Not Aware Of Potential Sale

Sources had said that Kuwait’s billionaire al-Kharafi family was looking to sell Americana and had hired bankers to explore a deal.

Sheikh Zayed Road Traffic Diversion For Dubai Canal To Begin In October- RTA

Dubai’s Roads and Transport Authority (RTA) confirmed that the diversion of utility lines is almost complete.

Aldar Considers Eventual IPO Of Property Management Unit

The Abu Dhabi real estate developer owns a 60 per cent stake in property management firm Khidmah.

Bahrain’s Investcorp Tie-Up Targets European Distressed Debt

Investcorp will provide capital to Eyck, a newly established investment manager founded by Khing Oei.

Fourth Iranian Held In UAE Over Businessman’s Kidnap

Ali Rehmat Assadi will stand trial in the UAE on charges of abducting Abbas Yazdi, who went missing in June, a source said.

Qatar 2022 Head Denies “Buying” World Cup

Hassan Al Thawadi rubbishes corruption allegations and says Qatar won the rights to host the football event due to sheer hard work.

Nakheel Awards Community Services Contracts Worth Dhs87m

The agreements cover 13 communities including Palm Jumeirah, The Gardens, Discovery Gardens, Al Furjan, and International City.

Saudi’s Almarai Q1 Profit Rises 7.3%, Misses Estimates

The company had sales worth 2.72 billion riyals in the first quarter, up 12.3 per cent from a year earlier.

Saudi’s Jarir Q1 Net Up 11.3% Despite Slower Sales Growth

Jarir made 201.3 million riyals ($53.7 million) in the first three months of 2014.

Saudi Hollandi Bank Q1 Net Profit Rises 20%

The bank made a profit of 417 million riyals ($111.19 million)in the three months to March 31, according to a bourse statement.

Saudi’s Riyad Bank Q1 Net Profit Up 13.5%

The bank made 1.08 billion riyals ($288 million) in the three months ending March 31.