Etihad Cargo Among The World’s Top 10 Performing Global Air Cargo Operators

The cargo operator was included in the list after seeing record April and May tonnage.

Emirates To Launch A380 On San Francisco, Houston Routes

The airline will add over 135 seats to San Francisco and 137 seats to Houston after it launches the jumbo A380 on these routes.

GCC Visitors Spend $500,000 On First 4 Days Of World Cup In Brazil – Visa

The amount represents a five-fold increase compared to the same period (June 12 – June 15) in 2013, said Visa.

Dutch Companies Hit By Saudi Retaliation For Politician’s Anti-Islam Campaign

Populist politician Geert Wilders published stickers critical of Islam in the green and white colours of the Saudi flag last December.

Saudi King To Visit Egypt’s New President Sisi On Friday

King Abdullah will stop off in Cairo for just a few hours on his way home from a visit to Morocco, Saudi sources said.

Oman Plans Refinery Maintenance In June For About A Month

Oman Oil Refineries and Petroleum Industries Co (Orpic) said supply to the market will not be interrupted.

Saudi Firms Dominate Forbes Top 500 Arab Companies List

State-owned firm SABIC topped the list consecutively with $50 billion in revenues and an asset base of $90.4 billion.

Saudi Says Iraq’s Accusation That It Backs Terrorism Is “Ludicrous”

Iraqi Prime Minister Nuri al-Maliki has said that the Kingdom backs Sunni militants ISIL.

Saudi’s Al Rajhi Capital To Launch First Sukuk Fund

Al Rajhi is the Kingdom’s biggest listed lender and the world’s largest Islamic bank,

Saudi’s ACWA Signs $2bn Deal To Develop Power Plant In Vietnam

The project will be developed on a build, own, transfer (BOT) basis with a total investment of $2 billion, ACWA said.

Facebook Website Returns To Service After Crash

The cause of the outage was not immediately known.

Etihad Airways Denies Talks With Malaysian Airlines Over Equity Stake

Shares of Malaysian Airline System Bhd rose the most in more than a year on Wednesday following a media report that the carrier will form a partnership with Etihad Airways.

UAE Firm Appointed Retail Consultant For $1bn Reem Mall Project

Construction on Abu Dhabi’s Reem Mall is expected to begin in 2015, with the project slated to complete in 2018.

Saudi Electricity Co Says Signs $13.2bn Interest-Free Government Loan

The loan has a lifespan of 15 years but there is a grace period of ten years before repayments begin, a statement to Riyadh’s bourse said.

Amazon Launches 3D “Fire” Phone

The 4.7-inch phone comes with four front-facing cameras and is priced at $649 contract-free.

Banque Saudi Fransi Says Completes SAR2bn Capital-Boosting Sukuk

The transaction, which will boost the bank’s Tier 2 – or supplementary – capital, will support Banque Saudi Fransi’s capital base and future growth.

India Plans To Pay $1.65bn Iran Oil Dues Via UAE Central Bank

Under the proposed new arrangement, the Reserve Bank of India would buy the dollars from authorised currency dealers, instead of the Indian oil buyers tapping the currency market.

UAE Ranks 12th Globally By Proportion of Millionaire Households

According to the report, 3.3 per cent of UAE households hold private wealth of at least $1million.

Dubai’s Arabtec Says To Protect Shareholders After CEO Quits

The company confirmed the appointment of Mohamed Al Fahim as Arabtec’s acting CEO for an unspecified “temporary period”.

UAE Recalls Envoy To Iraq, Hits At Baghdad’s “Sectarian” Policies

The foreign ministry said that the UAE, a close ally of Saudi Arabia, opposed any interference in Iraq’s affairs.

Five Minutes With.. Dr. Ahmed El Tigani, GM, Al Rawabi

UAE dairy company Al Rawabi is looking to address key health concerns in the UAE, says general manager Dr. Ahmed El Tigani.

Saudis Give Apparent Warning To Iran: Don’t Meddle In Iraq

The toughening of rhetoric about Iraq by the Gulf’s two top powers suggested that they have put on hold plans to explore a curbing of their rivalry across the region’s Sunni-Shi’ite sectarian divide.

Accor To Develop Middle East’s Largest Ibis Hotel In Dubai

The 588-room hotel, located in the Dubai World Trade Centre District, is scheduled to open in Q1 2016.

US, Saudi Discuss Measures To Curb Terror Funding Amidst Iraq Tensions

Saudi Arabia is one of the important US allies in the fight against terror funding in the region.

Dubai’s Arabtec CEO Resigns; Fahim To Be Acting CEO

Dubai builder Arabtec’s share price plunged as much as 50 per cent in the last six weeks.

Situation In Iraq Shows Signs Of ‘Civil War’ – Saudi Foreign Minister

The minister urged nations racked by violence to meet the “legitimate demands of the people and to achieve national reconciliation (without) foreign interference or outside agendas”.

UAE Ranks Fourth Among World’s Most Attractive Global Retail Markets

Saudi Arabia, Kuwait, Oman and Jordan were the other attractive retail markets in the Middle East, according to a new report.

UAE Falls, Qatar Deemed at Risk In Global Peace Index

Global ranking of peacefulness also places Bahrain significantly behind its GCC peers at 111 globally.

Air Arabia Adds Four Flights Between Ras Al Khaimah And Muscat

The low-cost carrier will now operate 21 weekly flights between the UAE and Muscat.

Dubai Among Top Three Destinations For Wealthy Chinese Travellers

A new study shows that the emirate rose to the third position this year, up from the eighth position in 2013 in the list of most popular destinations for China’s rich travellers