Etihad Flights To Have Live World Cup Streaming On Long Haul Routes

All 64 games will be transmitted live by IMG Media using Etihad’s inflight entertainment system, E-box.

Stock News: Arabtec Slide Slows, DP World Down On Convertible Issue

Arabtec shares dropped 2.4 per cent, a much smaller fall than the 7.8 per cent drop on Tuesday.

Saudi’s SABIC Becomes Largest Patent Developer In The Middle East

The petrochemical company has over 10,000 patents either issued or pending approval.

Dubai’s DP World To Price $1bn Convertible Bond Issue Thursday

JP Morgan is acting as the global coordinator for the bond sale.

Etisalat Raises $4.3bn In Region’s Largest Corporate Bond Sale

The issue’s success was due partly to factors specific to Etisalat, including its state ownership and healthy financial profile.

UAE’s Arabtec Repeats Position Strong, To Maintain Listing

Arabtec shares have plunged 30 per cent in the last four days as a major shareholder, Aabar, cut its stake in the company.

Abu Dhabi’s Aabar Cuts Stake In Dubai Builder Arabtec

Aabar cut it stake from 21.6 per cent to 18.85 per cent since Sunday.

UAE To Cut Fiscal Spending, Faces Risks In Property Sector – IMF

The IMF warned that with rent controls recently loosened, there is a risk that rising real estate prices will lead to a hike in inflation in the UAE.

Exclusive: Abu Dhabi’s Etihad Plans To Buy 49% Stake In Alitalia – CEO

Etihad is looking to invest up to $1.7 billion in Alitalia over the next four years.

World’s First Real Madrid Café Launches In Dubai

The café, themed around Spanish club Real Madrid, is located in The Beach Mall in JBR.

Dubai’s Emaar Malls Attracts Strong Demand For Debut Sukuk

The 10-year sukuk received orders worth more than $5.4 billion.

Middle East Private Wealth Exceeds $5 Trillion – Study

Strong nominal GDP growth in oil rich Gulf countries were among the factors driving up private wealth, according to a BCG report.

Egyptian Billionaire Sawiris Sets Up Investment Firm

Sawiris’s investment firm, Nile Holding Investments, has investors from the Arab Gulf, Europe and the United States.

Emirates’ Decision To Cancel A350 Order Will Be A “Blow” For Airbus

The Dubai carrier cancelled its entire order of 70 A350 XWB aircraft following a “fleet requirement review”.

Nakheel Makes Dhs220m Sukuk Profit Payment

The developer said it has instructed Deutsche Bank to make the payment on the due date of June 15, 2014.

Emaar Malls Sukuk Launched At Tight End Of Guidance

The $750 million Islamic bond received orders worth more than $5.5 billion from investors.

Abu Dhabi Ports Awards Dhs20m Contract For Phase 2 Of Marfa Port

Construction firm Alba Tec won the contract and will build landside infrastructure and new marina facilities at the port.

Mobile Subscriptions In MEA Region To Reach 1.9bn In 2019

By 2019, 50 per cent of handset subscriptions in the Middle East and Africa will be for smartphones.

Stock News: Dubai Volatile, Arabtec Extends Losses

Share prices in Dubai builder Arabtec fell 24 per cent in the previous three sessions.

Commercial Bank Of Qatar Eyes Benchmark-Sized Dollar Bond Issue

Road shows will be held in Singapore, Hong Kong, Middle East and London.

Airbus Says Emirates Cancels Order For 70 A350 Planes

Emirates placed the order for 50 A350-900 and 20 A350-1000 jets in 2007.

UAE Opens First Consulate In US

The opening of the consulate in LA comes amid strengthening commercial and trade ties between the two nations.

Nokia Lumia 930 and Lumia 630 Launch In UAE, Saudi

The 630, priced at Dhs599, and the 930, priced at Dhs2199, are the first Lumia devices that run Microsoft’s Windows Phone 8.1.

Dubai’s Arabtec Seeks To Calm Down Investors After Share Price Drop

Arabtec, which had more than tripled in value this year, saw share prices dropping 24 per cent this week.

Saudi’s Shoura Council Debates Sovereign Wealth Fund Plan

The Kingdom’s central bank, SAMA, has long managed the country’s investment of oil surpluses abroad.

Saudi’s Sipchem Growth Plans Remain Despite Merger Collapse

Sipchem recently ended merger talks with Sahara Petrochemical.

Saudi Aramco Reports Small Fire At Gas Plant, No Disruption

The Berri gas plant includes three gas-oil separation plants, five new and 10 upgraded offshore platforms, 35 drilling islands and a 140MW co-generation plant.

Saudi Wheat Imports To Reach 2.7m Tonnes This Year

The Kingdom imported about 2.6 million tonnes of wheat last year.

Bahrain Bourse Sets Margin Trading, Market Maker Rules

The Bahrain bourse also said that it had approved trading of options, exchange-traded funds and real estate investment trusts.

GCC Firms Slow To Catch Up With BYOD

Survey finds data security to be the biggest concern preventing companies from cloud adoption.