Saudi Developer ACWA Picks Adviser For Home Bourse IPO – Sources

The offering is likely to take place before the end of the year or in the early part of 2015, sources say.

GrowthGate Capital Plans Dubai IPO For Logistics Firm

The share sale is expected to take place on Dubai Financial Market around the end of this year.

Qatar Spending Jumps 33% In First Half Of 2013/14 Fiscal Year

Expenditure in April-September accounts for a little over 44 per cent of the record 210.6 billion riyals Qatar plans to spend in the 2013/14 fiscal year.

Saudi Arabia Sentences 13 For Backing Militants

The 13 sentenced to between three and 14 years in prison were nine Saudi citizens, two Jordanians, an Egyptian and a Syrian.

Abu Dhabi’s Masdar Appoints Al Jaber As Chairman, Announces New CEO

Ahmad Belhoul, the CEO of Strategy at Dubai’s Department of Tourism and Commerce Marketing, has been appointed as Masdar’s new CEO.

Kuwait Regulator May Delay Enforcement Of Governance Rules

The Capital Markets Authority issued the regulations in June 2013, giving companies until the end of 2014 to implement them.

Qatar Says FIFA 2022 World Cup Projects Proceeding On Track

Qatar is planning to spend $27.5 billion over the next five years on new roads and interchanges.

Growth Of Qatar’s Islamic Banks Falls Near Conventional Peers

Islamic banking assets grew 12.2 per cent in 2013, compared to the 11.2 per cent growth posted by conventional banks last year.

Dubai DP World Blames Tough Market As Annual Revenue Falls

The world’s fourth-largest port operator posted annual revenues of $3.07 billion for 2013, down 1.5 per cent on 2012.

U.S. FAA Review Says Boeing 787 Dreamliner Is Safe

Battery issues are still being investigated by the U.S. National Transportation Safety Board.

2022 World Cup: Amnesty Calls On FIFA To Address Qatar Workers’ Rights

Last month, Qatar’s 2022 World Cup organisers said they would penalise contractors who violate the welfare of construction workers.

Nakheel Awards Three Construction Contracts Worth Dhs500m

The contracts cover projects in its Al Furjan and International City communities in Dubai.

Qatar Issues Tender For Doha Metro Trains, Tracks – Sources

The tender, issued earlier this month, is for the rolling stock, systems, depot facilities, trackwork and other aspects of Doha Metro, sources say.

Most Dubai Firms Will Not Hike School Allowances In 2014 – Survey

Only a quarter of Dubai firms will increase schooling allowance for employees this year, says a Mercer study.

Dubai Mulls New Islamic Export-Import Bank To Boost Trade

The Dubai Department of Economic Development is currently conducting a feasibility study along with Noor Investment Group.

Dubai’s $20bn Debt Refinancing Deal Will Boost Property Market – Expert

The deal will reinforce confidence in Dubai’s property market, curbing apprehensions on market volatility, says expert.

Two Abu Dhabi Banks Vie For Barclays UAE Retail Ops – Sources

The lenders – Abu Dhabi Commercial Bank and Abu Dhabi Islamic Bank – are now the frontrunners to acquire the business.

Dubai Silicon Oasis Profit Rises 23.5% in 2013

The number of firms operating under DSOA grew to reach 929, the company said.

Bahrain’s GFH Eyes Share Capital Reduction, Convertible Sukuk

The Islamic investment firm’s unit is in the process of selling a majority stake in English soccer club Leeds United.

Google Plans Voice-Controlled Smartwatches To Track Heart Rates

The Android Wear project is open to software makers to create apps for the watches.

UAE’s Travel And Tourism Sector Added Over 490,000 Jobs In 2013 – WTTC

The sector contributed around Dhs117.4 billion- 8.4 per cent- to the UAE’s GDP in 2013.

Qatar To Sign Projects Worth Up To $50bn In 2014 – Central Bank

The projects will be in transport, energy and other sectors, the central bank governor said.

Xbox One To Launch In UAE, Saudi In September

Microsoft announced that its new gaming console will be made available in 26 additional countries.

Apple Replaces iPad 2 With iPad 4, Launches Cheaper iPhone 5C

Apple discontinued the iPad 4 last year when it launched its current flagship tablet, the iPad Air.

Dubai’s Arabtec Triples Net Profit, Resumes Dividend Payments

The contractor, in which Abu Dhabi state fund Aabar is a key stakeholder, said it made a net profit of Dhs122 million in Q4.

UAE’s BinHendi Hospitality Expands Partnership With PepsiCo

PepsiCo SSFL will supply its premium salty snack in all BinHendi food and beverage outlets across the UAE.

Emirates Steel Cuts Banks, Pricing As Loan Oversubscribed

The loan, which refinances an existing $1.1 billion facility, attracted commitments from lenders worth more than $5 billion.

Bahrain Fund Mumtalakat Plans No Bonds In 2014, To Pay Off Small Loan

Mumtalakat had $7.1 billion of assets under management at the end of September and holds stake in 40 firms in Bahrain’s non-oil sector.

Soccer-Qatar 2022 World Cup Committee Denies Wrongdoing

Britain’s Daily Telegraph newspaper reported on Tuesday that a company under the control of Mohamed Bin Hammam paid $1.2 million to Jack Warner.

GCC’s Uber Wealthy On An Investment Spree – Survey

Around 90 per cent of the GCC’s high net worth individuals are more focused on wealth generation than preservation.