UAE-Led Group To Buy Two India Power Plants In A Deal Worth $1.6bn

Abu Dhabi’s TAQA will control the operations and management of both plants under the deal.

Dubai Developer Deyaar Plans To Expand Into Hospitality Sector

The developer said it has allotted up to one million square feet for hotel and serviced apartment projects in the city.

Apple CEO Promises New Products, Says Apple TV No Longer A “Hobby”

The $99 Apple TV set-top box racked up $1 billion in sales in the past year, he said.

Federer Subdues Berdych To Win Sixth Dubai Title

Roger Federer beat Tomas Berdych 3-6 6-4 6-3 in the Dubai Championships final.

Qatar Airways Starts Sharjah and Dubai World Central Flights

The Doha carrier now connects four UAE gateways to its global network

Over One-Third Of Middle East Firms Are Corrupt

Local firms are losing billions of dollars through negligence.

Solving the Talent-R&D-Technology Nexus in the Energy Industry

James McCallum, CEO & chairman of the LR Senergy Group, writes that the oil and gas sector needs more young talent from a selection of fields.

Dozens Hurt In Gas Leak At Plant Near Qatari Capital -Sources

The medics said the gas leak casualties were expected to arrive at the Hamad Medical Centre in Doha soon.

Dubai Says Has Learned Lessons From Crisis

Dubai’s Department of Finance said that it has realised the importance of budget discipline and the need to regulate its property market.

Twelve Dead In Qatar Restaurant Gas Explosion

Preliminary investigations suggested that a gas tank exploded, setting off a fire and causing part of the building to collapse, officials said.

Dubai’s Economic Zones World Launches Two Halal Zones

The Halal zones will be situated in Jebel Ali Free Zone Authority (Jafza) and Technopark.

Saudi Telco Mobily In $560m Deal To Buy Gear From Ericsson, NSN

The agreements have a tenor of 10 years and will be used over an 18-month period, Mobily said.

Nakheel Nets Dhs34m In Jumeirah Park Land Auction

The developer auctioned off eight plots, selling each for an average of Dhs4.3 million on Wednesday.

Dubai International Passenger Traffic Up 15.1% In January

Dubai Shopping Festival and the seasonal rush of holidaymakers have been instrumental in boosting passenger traffic.

Qatar Navigation 2013 Dividend Up, Q4 Net Profit Drops 13%

The shipper’s net profit for the final three months of 2013 was 172 million riyals ($47.2 million).

Alitalia CEO Says Etihad Needs 3-4 Weeks For Due Diligence

A tie-up with Etihad could bring Alitalia the resources to invest in a new strategy focused on long-haul routes.

Qantas’ Half-Year Losses “Unsustainable” – CEO

The group’s planned capital expenditure, net of operating lease liability, will be reduced to $800 million in the next two years, providing reductions of AD$1 billion.

Jazeera Plans Egypt Embassy Protests To Win Journalists’ Freedom

Three journalists from Al Jazeera’s English-language television service were detained in Cairo on December 29.

BlackBerry Launches Two New Smartphones, New Enterprise Service

The Z3 will be launched in Indonesia in April, while the Q20 will have a global launch before the end of this year.

Dubai’s RTA To Open Creek And Al Jadaf Metro Stations

The entire Green Line will be operational with the opening of Al Jadaf and Creek stations, RTA said.

DAFZA Records 42% Revenue Jump In 2013

The 1,600-company freezone now accounts for 8 per cent of Dubai’s trade

Arabtec Denies Plans To Acquire Kuwait’s Kharafi National

Earlier on Wednesday, Arabtec issued another statement saying its board had not taken any decision on the acquisition of another company.

ABB Wins $160m Kuwait Contract

The substations will aid the expansion of oil fields in Kuwait’s northern region and will support the Gulf state’s plans to boost production.

Lenovo To Complete Motorola Buy In 6-9 Months – CEO

Lenovo will acquire Motorola from Google for $2.9 billion.

Expert Warns GCC To Base Public Spending On Oil Prices

The GCC’s public spending has been rising in the last two years, fuelled by an increase in oil prices.

Mesaieed Petchem Shares Soar In Qatar Debut, Far Exceed Estimates

Mesaieed, a unit of state-owned Qatar Petroleum (QP), raised 3.2 billion riyals ($880 million) in an IPO of about 26 per cent of its shares.

UAE’S TAQA Says CEO Carl Sheldon Has Decided To Step Down

Edward LaFehr, who now leads TAQA’s North American operations, will take on all Sheldon’s current responsibilities.

Dubai’s Arabtec Shares Suspended On Regulator Request

No reason was provided for the suspension of trading.

Ghana’s Tema Oil Refinery Close To Deal With PetroSaudi

Ghana is one of Africa’s newest crude exporters after starting production from its offshore Jubilee field in late 2010.

Oman’s Ominvest Won’t Proceed With Oman Arab Bank IPO

Omnivest had previously said that it was looking into the feasibility of the transaction.