UAE’s NBAD To Price Benchmark Five-Year dollar Bond On Weds

The bond, rated AA- by Standard and Poor’s and Fitch, will be listed on the London Stock Exchange.

Stock News: Dubai’s Rally Slows As Oil Slips

Brent crude fell 0.7 per cent in Asian trade after surging almost six per cent on Tuesday.

Pakistan Seeks Settlement With Etisalat In $800m Dispute

An Etisalat-led consortium in 2005 bought a $2.6 billion stake in Pakistan Telecommunication Co but withheld $800 million because of some incomplete deal terms.

UAE’s Massar Solutions Says Postpones Flotation, Cites Poor Demand

Massar will postpone the initial public offering (IPO) until oil prices are more stable, it said.

UAE Bank NBAD To Start Market-Making On Abu Dhabi Exchange

NBAD is the first official market maker in the Gulf region, the chief executive of Abu Dhabi Stock Exchange said.

Qatar’s GIS 2014 Net Profit Doubles, Hikes Dividend

Net profit for the full year of 2014 rose to QAR1.4 billion, up from QAR677 million the year before, it said in a statement.

UAE Non-Oil Business Growth Accelerates In January

The seasonally adjusted HSBC UAE Purchasing Managers’ Index was 59.3 points last month against 58.4 in December.

Saudi Non-Oil Business Growth Almost Unchanged In January

The seasonally adjusted SABB HSBC Saudi Arabia Purchasing Managers’ Index was 57.8 points in January against 57.9 in December.

Dubai Sugar Refinery Back Shipping To Iraq After Disruption Last Summer

Al Khaleej’s supply to Iraq was affected last summer as conflict in the country escalated with IS overrunning Mosul.

Dubai Financial Market Q4 Net Profit Rises 31%

DFM’s full-year profit rose 167 per cent to Dhs759.3 million.

New Rules To Align UAE Insurers With European Solvency Requirements

The rules clarify policyholders’ rights and setting investment limits for the sector.

RAKBANK, Kalyan Jewellers Launch ‘Goldback’ Credit Card In UAE

The credit card offers users between three to seven per cent goldback on purchases made locally and internationally.

UAE’s NBAD To Meet Investors From Tuesday For Potential Dollar Bond

National Bank of Abu Dhabi will meet investors in Asia and Europe, it said.

Dubai Developer Damac Q4 Profit Rises 11%

Damac’s 2014 full-year profit was $937 million, up from $641.5 million in 2013, the company said.

Investcorp Eyeing U.S. Growth, Falling Euro For Buys

The firm is best known in the global space for listing luxury goods brands, such as Gucci and Tiffany & Co, but has been increasingly branching out into other sectors.

Saudi Electricity To Pay $149m In Bonuses After King’s Order

The company added that the bonus paid to each staff member would not exceed SAR50,000.

Bahrain’s Investcorp H1 Net Profit Rises 5%

The Bahrain-based company made a net income of $45.3 million in the second half of 2014.

Different Arab money

Saudi-Based IDB Extends Islamic Reinsurance For Apache’s Egypt Projects

The deal covers the Overseas Private Investment Corporation for its own insurance policy on the exploration projects of Houston-based Apache Corporation.

Al Noor Hospitals Says No Plans To Dual List In Abu Dhabi

Al Noor’s confirmation comes after ADX chief said that most local firms listed in the London market had agreed to dual list in Abu Dhabi.

Stock News: Dubai Surges On Stronger Oil, Dividends, Saudi Payout

The Dubai benchmark jumped 4.5 per cent to close at 3,840 points, its biggest daily gain in six weeks.

Dubai’s Al Khaleej Says Has Enough Raw Sugar For This Year

The sugar refinery has 1.5 million tonnes of raw sugar, either stockpiled at the refinery or on its way to the refinery.

UAE’s Massar Solutions Postpones Floatation On Poor Demand

Less than half of the shares in the Dhs576 million IPO were taken up by investors for whom they were reserved, a report said.

Saudi Kayan To Shut Several Units For Maintenance

The company, an affiliate of Saudi Basic Industries Corp (SABIC), will shut its olefins plant from Feb. 1 for almost five weeks, it said.

Abu Dhabi Bourse Suspends Three Stocks Over Technical Issue

The bourse said the issue had to do with ownership proportions.

New Saudi Regulator Says Market-Opening Plan On Track

Mohammed Al-Jadaan was named head of the Capital Market Authority in a cabinet resuffle by King Salman last week.

Saudi’s Almarai Chief Executive Resigns, New CEO Appointed

Georges Schorderet, previously the company’s chief operating officer, is taking over from Abdulrahman Al Fadley, a statement said.

Dubai Investments Says Approves 60% Purchase Of Al Mal Capital

Dubai Investments previously said that it was close to two acquisitions, worth a combined value of Dhs400 million ($109 million).

Abu Dhabi’s Waha Capital Q4 Profit Nearly Doubles

Waha made a net profit of Dhs142.1 million in the last quarter of 2014 compared to Dhs75.6 million in the same period a year ago.

Dubai Shares Post Fifth Monthly Drop As Oil Curbs Risk Appetite

The DFM General Index retreated 2.6 per cent in January.

Investcorp Buys Spanish Ceramics Products Firm Fritta

The deal is Investcorp’s second acquisition in Spain after its purchase of ceramics products maker Grupo Esmalglass-Itaca in 2012