Abu Dhabi Awards Contract For New Road Project

The 62 kilometres-long project is expected to be completed within 30 months and will be built in phases.

Saudi Arabia Nov Output Steady, Pumps 9.745m Bpd

The Kingdom cut production in October after pumping at record rates of around 10 million bpd for three months.

Qatar Must Take Responsibility For Its Workers – Blatter

Blatter condemned Qatar’s working conditions in November, calling them ‘unacceptable’.

Dubai Index Climbs To Five-Year High On Real Estate

The DFM General Index advanced 0.6 per cent to 3,031.80, the highest since November 2008.

Samsung Launches New Galaxy Tablet For Kids

The Galaxy Tab 3 Kids, priced at Dhs899, comes with educational tools and safety features.

Middle East Airlines Record 14% Traffic Growth In Oct – IATA

Passenger traffic growth in the Middle East region far exceeded the global average of 6.9 per cent in October.

Dubai’s Holiday Homes Market To Impact Tourism, Real Estate

Holiday homes market will allow property owners to lease out on a periodic basis while broadening visitor accommodations.

Jumeirah Opening Muscat Resort in 2017

Luxury operator’s first Muscat property will provide resort competition to Shangri-La

Top 10 Social Media Tips For Businesses

Ahmed Dawood, founder of social media marketing firm for corporates and small businesses Phenomena, shares his top ten tips for companies on social media.

Pentagon Sees “Significant Interest” In F-35 From Gulf

The F-35 fighter is the Pentagon’s most expensive weapons program.

Qatar Pushes For Gulf Arab Inclusion In Iran Talks

Qatari foreign minister Khaled al-Attiyah said the GCC deserved a place at the table as essential partners in regional stability.

DEWA Increases 2014 Budget By $1.8bn

DEWA’s 2014 budget has been set at Dhs20.56 billion compared with 13.835 billion in 2013.

MENA IPOs Rebound As Market Improves

As market conditions improve, 2014 could be the year for Gulf capital listings.

South Africa’s Nelson Mandela Dies Aged 95

South Africa’s first black president and anti-aparthied icon, Mandela, 95, passed away in his Johannesburg home.

Australian Boutique Oroton Launches In Dubai

The luxury accessories retailer is selling the concept of ‘affordable luxury’ to Middle East’s shoppers.

UAE’s Khalifa Fund Signs $200m Agreement With Egypt

The agreement aims to develop poor areas in Egypt and maximise job creation among women and youth in the country.

Dubai Stock Market Ends Above 3,000 For First Time In 5 Years

The index climbed 0.9 per cent to 3,013 points, its highest close since October 2008.

Saudi Minister Says 250,000 Saudis Employed After Amnesty

Saudi Arabia has been repatriating illegal expats with the hopes of stemming unemployment among locals.

Turkey Says Qatar Interested In Afsin-Elbistan Power Project

The United Arab Emirates dropped out of the coal-fired power plant project earlier this year.

Arab Economies Urged To Increase Female Employment

Currently only about 19 per cent of the regional workforce comprises of women.

Qantas Issues Profit Warning; To Cut 1,000 Jobs

Surprise announcement shows Qantas continues to wrestle with fuel costs and competition

Dubai State Fund ICD Acquires Atlantis Hotel

The firm acquired the hotel from a unit of Dubai World for an undisclosed sum.

Egypt Woos Gulf Investors, Promises Repayments To Oil Firms

Egypt promised to pay $1.5 billion of the $6 billion it says it owes foreign oil companies.

Saudi Arabia Bank Loans Cooling to ‘Healthy Levels’: Arab Credit

Bank loan growth to the private sector was 13 per cent in October, the slowest rate of expansion since May last year.

Iran Eyes Better Ties With UAE After Nuclear Deal With West

Iranian Foreign Minister Mohammad Javad Zarif visited the UAE as part of a regional tour to improve relations with the GCC.

Saudi Q3 Economic Growth Picks Up As Oil Output Rebounds

The Kingdom’s economy expanded at an annual rate of 3.1 per cent in the third quarter of this year.

Facebook Found To Influence Users’ Travel Plans

A recent study revealed that travel is one of the most discussed topics on the site.

Qatar Airways Launching Dallas Flights

Second Gulf carrier set to serve Dallas from next summer

Majority of Finance Executives Are “Flexible” On Ethics

A study found that there is a significant gap between the belief about ethics and industry practices among finance executives.

OPEC Seen Keeping Oil Cap; Naimi Says Market in Best Shape

The current 30 million barrel-a-day target for the 12-nation group adequately matches demand, say officials.