Saudi Arabia Has 26 More Cases Of MERS Virus, 10 Dead

The 143 cases announced since the start of April represent a 73 per cent jump in total infections in Saudi Arabia this month.

Kuwait Signs LNG Import Deal With Qatargas

Rising air conditioning demand during summer and a lack of domestic supply means Kuwait needs to import more gas each year to run its power plants.

Industries Qatar Q1 Net Profit Falls 38%

Revenue for the quarter was 1.32 billion riyals against 1.67 billion riyals in the prior-year period, it said in a statement.

Abu Dhabi Government Fund Backing Etisalat’s Maroc Tel Buy – Sources

The fund is most likely to be Mubadala, sources said, given that it already has telecommunications assets and an existing partnership with Etisalat in Africa.

Bahrain Sentences Eight People To Life For Policeman Bomb Death

Eight men planted a homemade bomb close to where police usually erected a checkpoint during protests, before setting tyres on fire and blocking the road to lure policemen to the site.

Abu Dhabi’s Bloom Properties To Begin Work On Iraq’s Karbala Project

UAE developer says it is awaiting approval for the master plan of the project, which is expected to house 200,000 to 250,000 people upon completion.

UAE Regulator Cuts Minimum Sukuk Size, Eases Securities Borrowing

The changes are part of plans to introduce at least two new rules covering the stock exchanges every year, a top official said.

UAE College Students Contributed $66m To US Economy In 2013

The number of UAE students studying in the US rose to 2,256 in 2012/2013, official figures show.

UAE Etisalat Profit Rises As Revenue And Subscribers Grow

The telco made a net profit of Dhs2 billion ($544.5 million) in the three months to March 31, according to a company statement.

High Costs Holding Back UAE E-Commerce Purchases

Around 31 per cent of the UAE’s online shoppers said that they had stopped online purchases due to extra costs.

Aramex Records 14% Net Profit Increase In Q1

The company’s revenue for the quarter also rose 6 per cent year-on-year.

Middle East Urged To Do More To Fight Financial Crime

The implementation of measures against financial crime is of growing importance in the region, a new KPMG survey says.

Two More Dubai Hotels For Viceroy

Brace of city hotels to complement upcoming Palm Jumeirah resort

Kuwait Finance House Says CEO To Retire From May 1

Mohammed al-Omar has asked to resign and will retire from the beginning of next month, KFH said in a bourse statement.

Saudi PetroRabigh Says Oil Unit Back After Maintenance

Work on the unit, which lasted a month from March 27, was originally due to finish on April 19 but was extended by a week.

Saudi Arabia Says Has 10 More Cases In MERS Outbreak

Saudi Arabia has now had 323 confirmed cases of MERS, of which 94 have been fatal.

Qatar’s Nakilat Q1 Profit Rises 17%

The firm made a profit of 206.3 million riyals ($56.66 million) in the three months to March 31.

Fog Disrupts 14 Abu Dhabi Flights

This morning sees the second round of diversions in as many months

Egypt Discovers First Case Of Potentially Deadly MERS Virus

The patient, 27, was living in the Saudi capital Riyadh, the ministry said.

Saudi Arabia Says MERS Virus Cases Top 300, 5 More Die

In total, 92 people have died of MERS in Saudi Arabia, the ministry said on its website.

First Dubai IPO In Five Years Sees Surge Of Interest As Economy Booms

Investors subscribed Dhs10 billion ($2.7 billion) to the fixed offer of 275 million shares in Marka , which were priced at Dhs1 each.

Airbus Eyes Regional Plane With Hybrid Engines In 15-20 Years

Airbus is already working on an all-electric two-seater plane hoping this technology will serve as a step to bringing electric motors on to larger aircraft.

FIFA Probe Into Qatar World Cup Vote May Be Over By June

FIFA’s investigation was launched last year into alleged corruption surrounding the voting procedure for the 2018 and 2022 World Cups, awarded to Russia and Qatar respectively.

Arab Banks See Middle East Opportunities As Some Global Banks Scale Back

Arab bankers said they expect to see global banks moving increasingly to sell Middle East retail units or merge subsidiaries with other banks.

ENBD Needs To See More Dubai World Progress To Reclassify Exposure

Emirates NBD is Dubai World’s biggest creditor with an exposure of more than Dhs9 billion($2.5 billion), against which it has set aside provisions of five per cent

Big Tech Companies Offer Millions To Help With Heartbleed Crisis

Tech giants such as Facebook, Google and Microsoft have joined hands with many other firms to help fight the Heartbleed bug.

Apple Resets The Clock As Investors Await Next Big Thing

As other Android-device makers swallow chunks of Apple’s market share, many are impatient to see what Apple can come up with next.

Kuwait Finance House CEO Steps Down – Sources

Mohammed al-Omar’s resignation as CEO is linked to wider management changes at KFH, one of the sources said.

Saudi Denies Umrah Cancellations Over MERS Fears

The Haj ministry said that it is yet to receive directives from health officials about the MERS-coronavirus being an epidemic.

New Qatar Airport To Open Next Week After Delay

Initially budget airlines will operate at the airport, while other airlines will start services there in May, the airport authority said.