Ousted Egyptian Leader Mubarak Gets 3 Years Jail For Embezzling Millions

Mubarak has been under house arrest at a military hospital since August.

Qatar’s Doha Bank Plans Capital Raising In 2015

Doha Bank’s asset expansion was more than 20 per cent last year and will continue to grow, its CEO said.

Dash For Cash Drives Airbus, Boeing Jet Revamps

The two firms have gone head-to-head with their costly carbon-fibre experiments – the Boeing 787 Dreamliner and Airbus A350.

National Bank Of Abu Dhabi Granted Indian Licence – Report

An Indian lender will be granted a UAE licence in return, according to reports.

Abu Dhabi Approves 13 Development Projects In Q1 2014

Residential space accounted for 70 per cent of the total area of approved projects.

LuLu International Invests Dhs55m To Launch Galito’s Restaurant Chain in UAE

The franchise agreement includes plans to setup 15 restaurants in the UAE over the next four years.

Dubai Index In Biggest Gain In 8 Months, Property Leads Rebound

The measure is now up 43.9 per cent this year and has tripled since the start of 2013.

Abu Dhabi Confirmed As First Location for Star Wars: Episode VII

The seventh installment of the popular movie series is due to premiere in December 2015.

Kuwait’s Al Mazaya Restructures Debt Into KD12m Islamic Facility

The restructuring will allow the real estate developer to reduce its short-term loans by 39 per cent.

Qatar’s CBQ, Doha Bank May Raise New Capital In 2015

The lenders may need to increase their capital next year by $412 million each to abide by expected central bank regulations.

Etihad Opens Sydney Premium Lounge

UAE carrier’s two-level facility offers free wifi and is the airline’s first lounge in Australia

Saudi Telecom Sets Up $1.33bn Sukuk Programme

The operator did not say when it would issue the sukuk.

UAE’s Etisalat Bids For Maroc Telecom Minority Shareholdings

Etisalat bought Paris-listed Vivendi’s stake in Maroc Telecom last week for $5.7 billion.

UAE Receives First Nuclear Energy Reactor Vessel

The country’s first nuclear energy reactor is on track to begin operations in 2017, say officials.

Al Jazeera Warns Life Of Its Journalist Jailed In Egypt Is At Risk

Abdullah Elshamy, one of four reporters being held in Egypt, has been on hunger strike since Jan. 21 to protest against his detention.

Saudi King On Holiday, Crown Prince In Charge – Royal Court

King Abdullah departed the Red Sea port city of Jeddah for Morocco.

Nokia XL On Sale In The UAE, Priced Dhs589

The smartphone is the premium offering within the affordable Nokia-X range.

Bahrain’s Gulf Air Says Losses Fell 52% In 2013 After Restructuring

Losses were cut by retiring aircraft, closing eight routes, reducing staff expenses and renegotiating over 2,000 contracts with suppliers, it said.

Kuwait’s Emir To Visit Iran, Turn “New Page” In Ties

Emir Sheikh Sabah al-Ahmed al-Sabah will visit Iran on May 31-June 1 at the invitation of Iranian President Hassan Rouhani.

Oman Central Bank Says Stress Tests Find Banking System Resilient To Shocks

If all the applied stressed scenarios materialise, the banking system will need $201.3 million to recapitalise five deficient banks.

Etihad Regional Adds Five European Destinations

European expansion will feed traffic onto Etihad’s daily Zurich-Abu Dhabi flights which start June 1

Global Islamic Banking Assets To Exceed $3.4 Trillion by 2018

Combined profits of Islamic banks broke the $10 billion mark for the first time at the end of 2013

Emirates Could Buy More A380s If Airbus Revamps Jet – Executive

The carrier placed a surprise order for 50 more of the jumbo jets during the Dubai air show in November.

Abu Dhabi Islamic Bank Gets Regulator Nod for Barclays UAE Buy

The lender received approval from the UAE central bank 10 days ago, confirms CEO.

Bollywood Film Bang Bang Completes Abu Dhabi Shoot

The Indian movie, starring Hrithik Roshan and Katrina Kaif, is scheduled for release on October 2.

Kuwait’s Global Swings To A Profit In Q1 As Fees Grow

The firm saw a rise in fees from its asset management, investment banking and brokerage businesses.

Emaar, Vogue Plan Second Dubai Fashion Event In October

The three-day Vogue Fashion Dubai Experience, to be held in Dubai Mall, will include a talent hunt for 20 emerging designers.

Lack Of Mentoring From Female Management Holding Back Women Leaders

The absence of female mentoring is a key barrier to getting more women into leadership roles, says Women In Leadership Economic Forum organiser.

First Look: Motorola Moto X

You can tell the model to find directions, set an alarm or open YouTube

Saudi’s Dar Al Arkan Plans Benchmark Five-Year Dollar Sukuk

The developer said on Monday it would talk with international investors on Tuesday ahead of a potential sukuk.