Trading In Saudi’s Etihad Atheeb Halted Pending More Info On STC Deal

The Capital Market Authority (CMA) has suspended trading in Atheeb shares until the company provides more details.

UAE-based Just Falafel Opens First US Restaurant

The restaurant, located in San Francisco, is the first of 160 outlets planned across North America.

Saudi Telecom Co And Landline Firm Atheeb Sign Network Deal

The so-called Indefeasible Rights of Use (IRU) agreement gives Atheeb access to 30,000 STC data connections for 15 years.

Dubai Emaar’s Malls Unit Eyes Potential Debut Sukuk Issue

The meetings will be held in Asia, Europe and the Middle East and the sukuk will be sold afterwards, subject to market conditions, Emaar said.

Assad Declared Landslide Victor In Wartime Syrian Election

Assad’s foes have ridiculed the election, saying no credible poll could be held in the midst of a conflict that has killed 160,000 people.

Saudi Study Strengthens Case Against Camels In MERS Outbreak

MERS has infected 691 people and killed at least 284 of them in Saudi Arabia alone since it first emerged in 2012.

Kuwait Suspends TV Programmes Over Report Related To “Plot” Tape

In April, Kuwait imposed a ban on reporting on an investigation into the recording, saying that media coverage was damaging to the country.

Top 10 Real Estate Projects In Dubai

The 10 highest-valued mega-developments in the emirate, according to a report by MEED.

Dubai Islamic Bank Buys 25% Of Indonesia’s Bank Panin

The agreement with DIB was made official about two weeks ago, a senior official from the Indonesian bank has said.

Middle East E-Commerce Sales To Reach $15bn By 2015

E-commerce is booming but limited number of players in the industry and logistical challenges are hindering the sector’s growth.

Bahrain’s Mumtalakat Ends Losing Streak, CEO Says Profits To Stay

The fund’s 2013 profit was driven by lower impairment losses and improved operating performance of assets.

Nakheel Partners German Firm To Launch New Dubai Real Estate Company

The Dubai developer has joined hands with Germany-based real estate brokerage company Engel and Völkers (E&V).

Dubai Festival City Mall In Major Refurbishment Programme

The first phase of the redevelopment has been completed, and includes new stores and an upcoming leisured component.

Kuwaiti Faces Guantanamo Transfer Hearing After Security Assurances

Fouzi Khalid Abdullah al-Awda, 37, may have fought alongside al Qaeda and Taliban, according to a U.S. Defense Department prisoner profile.

UAE Gains Three Slots In Global FDI Confidence Index

A strategic location, well-developed infrastructure, and a large talent base has positioned the UAE favourably among investors.

Midday Work Ban For UAE Workers To Begin On June 15

Firms found to be flouting the three-month long midday work ban will be fined Dhs15,000, the labour ministry said in a statement.

Landmark To Open 50 New UAE Stores By End-2015, To Hire 2,500

A bulk of the new openings will be in Abu Dhabi’s Yas Mall, with stores also planned for Sharjah.

Saudi’s Shoura Council Seeks Probe Into Haramain Rail Project Delays

The project is now also costlier by $2 billion, according to the Saudi government.

Oman’s Raysut Cement Appoints New CEO

The Sultanate’s largest cement firm by market value has appointed Salem Alawi Mohammed Baabood as chief executive.

UAE’s Dana Gas Says Won’t Comment On Rumours That Drove Up Stock

Shares in Dana Gas shot up on Tuesday, hitting a four-month intraday high, on speculation the firm had won an arbitration case aimed at recovering money owed to it abroad.

Saudi Airman Convicted In Rape Of Boy In Las Vegas Seeks New Trial

Prosecutors say the official, who was visiting Las Vegas while temporarily stationed at Lackland Air Force Base in Texas, lured the boy to a room and sexually assaulted him.

Saudi King Invites Countries To Attend Donor Conference For Egypt

The monarch said any country that did not contribute to Egypt’s future despite having the ability to do so would “have no future place among us”.

Saudi MERS Data Review Shows Big Jump In Number Of Deaths

The sharp increase in deaths now attributed to MERS means the mortality rate from the virus in Saudi Arabia is now 41 per cent, instead of the 33 per cent previously thought.

Facebook Acquires Mobile Data Plan Firm Pryte

Pryte’s service seeks to make it easier for consumers without wireless data plans to use online services by selling short-term passes.

Demand For Middle East Carriers Soars – IATA Report

Middle East carriers saw an 18.6 per cent increase in passenger demand in April, which is the strongest growth for any region.

Qatar Allowing Freed Taliban Men To Move Freely In Country -Gulf official

Five Afghan Taliban prisoners were freed in exchange for a US soldier.

UAE Ranks As Most Popular Destination For Migrating Professionals – LinkedIn

India, the UK and Pakistan were the top three countries from where professionals moved to the UAE, a LinkedIn study found.

Sony Xperia T3 Smartphone To Launch In UAE In July, Priced Dhs1799

Billed as being ‘ultra-slim’, Sony’s next generation Xperia comes in a stainless steel frame and weighs 148gms.

Abu Dhabi Economy Grows 5.2% In 2013, Slower Than Expected

The contribution of the hydrocarbon sector edged down to 51.4 per cent in 2013 from 52.4 per cent in 2012.

Emirates To Start A380 Frankfurt Services

One of the airline’s three daily services to be upgraded to A380s from September, complementing double-decker A380 flights into Munich