Etihad Airways Increases Stake In Virgin Australia

The voting powers of the UAE carrier increased to 21.24 per cent.

Stock News: Dubai Extends Drop In Volatile Trade

Dubai’s index fell 5.5 per cent on Monday, its biggest drop in eight months.

World Free Zones Organisation Launches In Dubai

The global NGO, headquartered in Dubai, aims to boost international awareness of free zones.

Qatar Airways To Start A380 Paris Flights

The 577-seat superjumbo will provide 271 more seats than the current A340-600

Airbus Chief Says A380 To Match Boeing’s Latest Jet 777X

Airbus plans to decide later this year whether to upgrade the wide-body jet with new engines.

UAE To Try Nine People For Recruiting Militants To Fight In Syria

Official news agency WAM said members of the cell had “collected funds and channelled them to a terrorist organisation, the al-Nusra Front”.

Saudi Arabia Approves $21bn Five-Year Education Plan

The plan includes building 1,500 nurseries and providing training for about 25,000 teachers.

UAE’s Lulu To Invest $200m On Halal-Only Hypermarkets In Malaysia

The supermarket chain plans to open five outlets across Malaysia in the next two years.

Saudi Arabia Closes Embassy In Libya Due To Security Concerns

Heavily armed gunmen stormed Libya’s parliament on Sunday demanding its suspension.

Qatar’s Barwa Real Estate Appoints Acting CEO

Ahmad Abdulla Ali al-Abdulla replaces for former CEO Abdulla al-Subaie, who has resigned.

Sony Xperia Z2 Launches In UAE, Saudi

The waterproof smartphone is priced at Dhs2,699 in the UAE.

Bahrain’s GFH Expects To Complete Capital Reduction This Quarter

GFH will reduce the nominal value of its shares by 13.8 per cent to $0.265 per share from $0.3075.

Kuwait To Deport 15 Egyptians For Sisi Rally

Foreigners in the Gulf state are not allowed to hold political events.

Aldar Properties Latest Project Sold Out In A Few Hours

The new development at Al Raha Beach sold all 223 off-plan town houses and apartments.

Dow Awards Construction Contract For Reverse Osmosis Plant In Saudi

Fluor Corporation has won the engineering, procurement and construction contract for the facility.

Dubai Stock Market Posts Biggest Drop In 8 Months

The decline trims its 2014 gains to 44.1 per cent as 18 stocks fell by more than five per cent.

Qatar To Help Deutsche Bank Raise $11bn In New Equity Capital

The capital measures will increase the bank’s Common Equity Tier 1 ratio and help the German lender expand its investment banking business.

Further Delays For New Doha Airport Lounges

Qatar Airways’ CEO says contractor is having difficulty “keeping up with the kind of finishes we want”

Kuwait Plans June 26 By-Elections After Five Lawmakers Quit

The five MPs quit over a row about questioning the Gulf state’s prime minister in parliament.

REVEALED: The World’s 100 Most Powerful Arabs 2014

For the third time in a row, Prince Alwaleed tops Gulf Business’ list of the region’s most influential people.

Hollywood Movie Fast & Furious 7 Completes Filming In Abu Dhabi

The action thriller was shot at several locations in Abu Dhabi, including Emirates Palace, Al Ain city and Jumeirah Etihad Towers.

IPO: Should Executive Rewards Be Aligned With Shareholder Interests

As a growing number of GCC firms eye public financing, Andrew Marshall, head of executive reward, Hay Group ME, explores the relationship between executive pay and company performance.

Asking Prices For British Homes Hit Highest On Record In May

Asking prices rose 3.6 per cent in the four weeks to May 10 to an average of $456,900.

Qatar To Take Deutsche Bank Stake As Part Of Cap Increase

Germany’s flagship lender is preparing a multi-billion euro capital increase.

China’s Biggest Bank Gets Approval For Kuwait Branch

It will be ICBC’s fourth branch in the Gulf Arab region after Doha, Abu Dhabi and Dubai.

Former Omani Minister Jailed For Three Years For Corruption

Mohammed bin Nasir Al-Khusaibi was found guilty of paying bribes worth $1 million to officials to win an airport contract.

Egypt Court Jails More Than 160 Brotherhood Supporters

Security forces have detained thousands of Brotherhood supporters since the military deposed president Mohamed Mursi last July.

Etihad Airways To Establish Flight Training College In The UAE

Etihad Airways will acquire the fixed wing training division from Horizon International Flight Academy

Value Of GCC Construction Projects To Jump 92% In 2014 – Study

Total value of building construction expected to reach $128.5 billion, with the medical sector getting the biggest market share.

Banque Saudi Fransi Plans $533m Sukuk By End-June

The sukuk will enhance the bank’s Tier 2, or supplementary, capital.