UAE’s Masdar, Saudi’s KACARE Sign Deal To Develop Clean Energy

The agreement will facilitate joint investments by both organisations in clean energy projects and green technology investment funds.

Xbox One To Launch In UAE On September 5, Priced Dhs1,749

Microsoft’s latest gaming console will also be available with Kinect for Dhs2,199.

Dubai Developer Nakheel Seeks Tenders For Phase One Of Deira Islands Project

Bids for phase one are due by August 14.

U.S. Considers Airstrikes On Iraq, Holds Talks With Iran

A senior U.S. official said Obama had not yet decided on a course of action.

Apple Settles E-book Antitrust Case With US States, Others

The U.S. Department of Justice sued Apple and five publishers in April 2012, accusing them of working together illegally to increase e-book prices.

Hackers Warn Of Cyber Attacks On Oil Companies In Saudi, UAE, Qatar

The threat has been issued by Anonymous, a politically motivated group of hacktivists, according to Symantec.

Dubai Mulls New Fees To Curb Off-Plan Property Sales

Experts, including the IMF, have called for more regulations to govern transactions in Dubai’s off-plan property market.

Commercial Bank of Qatar To Price Benchmark 5-yr Bond On Tuesday

The lender has mandated Bank of America-Merrill Lynch, HSBC and Morgan Stanley to arrange the bond sale.

Egyptian PM Mehleb’s New Government Sworn In

Mehleb, followed by his ministers, took the oath of office in front of President Abdel Fattah al-Sisi, the former army chief who re-appointed the premier in May.

Egypt Frees Al Jazeera Journalist On Hunger Strike

Al Jazeera journalist Abdullah Al-Shamy was one of 13 people freed on health grounds on Monday.

UAE’s RAKBANK Sets Initial Price Thoughts For Debut Bond Sale – Leads

The lender expects to price a deal this week, a document from lead managers said.

Bahrain’s Gulf Air Resumes Athens Flights

Carrier resumes flights to Greek capital after two-year absence

US Navy Ship With 550 Marines On Board Moves Into Gulf

The ship will support possible US action to help Iraq’s government combat a insurgency in the country.

Up to 25% Of Top 50 Global Banks Will Launch A Banking App Store by 2016 – Gartner

Banks need to adopt a more simplified approach to apps in order for customers to fully grasp the concept, says Gartner.

Egyptian PM To Launch New Government After Sisi’s Election

The new government includes 10 new ministers and a new investment ministry separate from that of industry and trade.

Saudi Arabia Says Rejects Foreign Intervention in Iraq

In a statement, the Kingdom blamed the crisis on years of “sectarian and exclusionary” policies.

Qatar Airways A380 Deliveries Delayed Again – CEO

The delivery had been expected around the end of May, but was pushed back after the airline rejected the aircraft during a pre-delivery inspection.

Dubai’s Arabtec CEO Says No Rift With Major Shareholder Aabar

Shares in Arabtec, one of the most heavily traded stocks in Dubai, have plunged 48 per cent from their May peak.

DEWA Says All Services Now Available On Smart Devices

DEWA’s customers conducted around 3.3 million transactions in 2013 through its website and smart app, its chief executive said.

Middle East Investors To Spend $180bn On Global Real Estate Over Next 10 Years – Report

Sovereign wealth funds in the region are expected to make the biggest investments, with Europe slated to receive the bulk of the amount.

Bahrain’s GFH Loses Appeal Against Kuwait Regulator Monitoring

Kuwait’s Capital Markets Authority decided to monitor the stock after it was traded in high volumes ahead of a company disclosure last year.

Bahrain’s Batelco Wins $211.1m From Indian Partner

Batelco, via wholly-owned subsidiary BMIC, had sued Chennai-based Siva and its chairman Chinnakannan Sivasankaran.

Qatar Blames Iraqi Government For Rebel Advance

The official’s comments will further strain Qatar’s poor relations with Baghdad, which has long accused Doha of backing the insurgents.

Saudi Arabia Records Dismal Turnout For 11,000 Private Sector Job Adverts

The monthly salaries being offered for these jobs ranged from SAR4,000 to SAR10,000, according to a report by Riyadh Chamber of Commerce and Industry.

Iraq Ends Recovery In Dubai, Arabtec Shares

Dubai’s index drops 2.3 per cent while Abu Dhabi’s benchmark slides 1.4 per cent.

World Bank’s IFC Considering Return To Sukuk Market

A sukuk issue is still in the early stages of discussion but would likely be in the 2015 fiscal year, which starts next month, an IFC spokesperson said.

Abu Dhabi’s Al Jaber Group Signs Debt Restructuring

No figure for the amount of debt renegotiated was given in the statement, but bankers had previously said it was in the region of $4.5 billion.

Global Advertising To Expand This Year Helped By World Cup

The total amount of media spend is estimated to reach up to $524 billion at year end, driven by an improved global economic outlook and the rapid rise of mobile advertising.

UAE’s Dana Gas Says No Impact On Iraqi Kurdistan Ops From Fighting

Shares in Dana Gas dropped 4.8 per cent on Sunday as part of a wider rout in Gulf stock exchanges that was partly due to the news from Iraq.

Dubai Bourse Amends Ownership Data After Arabtec Shares Plunge

The level of Aabar’s stake in Arabtec is important because the deep-pocketed fund has backed the construction firm’s expansion to become one of the region’s largest builders.