Saudi Sets Up Expert Panel To Contain MERS Virus

Saudi Arabia has appointed 10 disease specialists to investigate the spread of the MERS virus and advise the government on future steps.

Dubai Expo 2020 Site Works To Be Completed By 2019- Committee

Dubai’s Expo 2020 Preparatory Committee will submit the mandatory registration dossier for the event in 2015, it was confirmed.

Dubai’s DP World Q1 Consolidated Container Volume Up 9.1%

The company handled 6.76 million twenty-foot equivalent units in the quarter, compared with 6.19 million TEU in the corresponding period of 2013.

Qatar Airways Launching A380 London Heathrow Services In June

Airline’s first superjumbo scheduled to take off from the new airport

UAE Cooling Firm Tabreed’s Q1 Net Profit Rises 22%

The Dubai-listed firm made a first-quarter net profit of Dhs58.24 million ($15.86 million) compared with Dhs47.84 million a year earlier.

HSBC’s Oman Unit Posts 46% Q1 Profit Slump

The bank made a net profit of 3.1 million rials ($8.1 million) in the opening three months of 2014, compared to 5.7 million rials in the same period of 2013.

UAE’s Etisalat Signs 3.15bn Euro Loan For Maroc Telecom Buy

This loan is split between a 2.1 billion euro one-year bridge loan and a 1.05 billion three-year portion, Etisalat said.

UK’s Gabbitas To Create Four New British Schools In Dubai

The agreement with Indian businessman Mohan Valrani will see the creation of two primary schools and two secondary schools.

Kuwait Issues New Rules For Increasing Company Stakes

At present, investors wishing to raise their stake in a firm to more than 30 per cent must offer to buy all of its shares under the same price and conditions.

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.