Dubai’s Marka To List Shares In Mid-September

Marka’s listing would be the Dubai Financial Market’s first flotation for five years.

Gulf Telcos Ooredoo, Wataniya Post Q2 Profit Drops, Nawras Soars

Qatar Ooredoo was impacted by the political situation in Iraq and start-up costs for its business in Myanmar.

Saudi State Investment Fund To Set Up New Companies

The Kingdom’s Public Investment Fund has assets under management worth about $5.3 billion.

Kuwait’s KIPCO On Track To Hit Revenue Goal

Net profit in the second quarter to June 30 rose 20 per cent to KD11.4 million ($40.4 million), the company said in a statement.

Commercial Bank of Qatar Q2 Net Profit Dips 3%

The bank earned a net QAR502.6 million ($138.1 million) in the three months to June 30.

Dubai Records Real Estate Deals Worth Dhs113bn In H1 2014

Real estate deal value in Dubai fell to Dhs52 billion during the second quarter of this year from Dhs61 billion in the first quarter of 2014, official figures reveal.

Dubai Lender Mashreq Q2 Net Profit Jumps 45%

The lender made a net profit of Dhs585 million ($159.3 million) for the three months to June 30.

Saudi’s Flynas To Drop Manchester In August

The airline currently operates three weekly flights on the Jeddah-Manchester route.

Dubai Developer Deyaar Q2 Net Profit More Than Doubles

The company made a quarterly consolidated net profit of Dhs62.5 million ($17 million) compared with Dhs27.3 million in the corresponding period in 2013.

Flydubai To Start Flights To Mumbai From October

The low-cost carrier will operate direct flights to the Indian city five times a week from October 28.

Jet Airways To Revamp Business Strategy Post Sale To Etihad

Under the new plan, Jet Airways will widen its service network and increase frequencies on its existing routes.

Dubai’s Majid Al Futtaim Says H1 Revenues Jump 14%

The firm made Dhs12.8 billion ($3.5 billion) in the six months to June 30, it said in a statement.

Saudi’s Savola Says In Talks To Sell Packaging Business To Takween

Savola’s packaging unit’s consolidated net profit last year fell to SAR69.5 million from SAR100 million a year earlier.

Dubai’s Rents Up Almost 50% During Last Two Years- CBRE

Residential rents in Dubai grew 20 per cent year-on-year during the second quarter of 2014, with apartments seeing the strongest rise, a CBRE report says.

Saudi Electricity Says Will Get $400m Payment From Aramco

The settlement covers payments due between 2007 and 2013.

Duqm Airport Opens In Oman

Oman Air is among the first carriers to touch down, operating four flights a week from Muscat on Embraer 175 aircraft.

Qatar Emir Meets Saudi King In Jeddah To Discuss Gaza Fighting

More than 600 people are reported to have been killed in Gaza during the two weeks of fighting between Palestinians and Israelis.

Japan To Count Saudi, UAE Crude Storage Toward Reserve Goals

Japan has been lending 10.7 million barrels of crude tank capacity to the two countries.

Four Seasons Dubai Targets December Launch

The 14-acre luxury resort, located in Jumeirah Beach, features a Spanish-Mediterranean feel with Arabian accents.

FIFA: Probe Into Qatar World Cup Bid Delayed, Report Won’t Be Made Public

The report, expected to be out in July, will now only be ready by September with officials confirming that it will not be made public.

Kuwait Revokes Citizenship Of Two Opposition Figures, relatives

The cabinet will impose the measures on Ahmed al-Jabr and Abdullah Barghash, his two brothers and his sister.

Saudi’s Savola Says CEO Mannaa To Resign For Personal Reasons

Savola is a major producer of cooking oil, sugar and other foodstuffs in the Kingdom.

Rebels In Ukraine Likely Downed Malaysian Jet ‘By Mistake’ – US Officials

The officials said their assessments were backed up by evidence from social media and by intercepted conversations of known pro-Russian separatists.

UAE’s First Gulf Bank Posts 16% Q2 Profit Hike, Matches Estimates

The bank made a net profit of Dhs1.35 billion ($367.6 million) for the three months ending June 30.

Dubai’s RTA Says First Batch Of NOL Cards Issued In 2009 To Expire By Aug

Public transport users can use their expiring NOL cards until they finish their balance amount, RTA said.

UAE Lender NBAD Posts 17.5% Q2 Net Profit Gain, Beating Forecasts

NBAD made a net profit of Dhs1.42 billion ($386.6 million) in the three months to June 30, the bank said in a statement.

Abu Dhabi Commercial Bank Posts 22% Q2 Net Profit Hike

The bank made a net attributable profit of Dhs1.06 billion ($288.6 million) in the three months ending June 30, it said in a statement.

Dubai’s Damac Says New Loretto Project Sells Out In One Night

The Loretto project, which has nearly 300 luxury apartments, is located in Damac’s flagship AKOYA development.

Stock News: Saudi Bourse At 6-Year High On Foreign Investment News

The main index rose 3.2 per cent, its biggest rise since April 2012, to a fresh six-year high of 10,062 points in the first hour of trade.

MSCI Could Add Saudi Arabia As Emerging Market Next Year

Saudi Arabia plans to open its stock market to direct investment by foreign financial institutions in the first half of next year.