Glowork And Mihnati.com Partner To Boost Saudi Employment

Strategic partnership aims to support Saudis looking to find work.

Dubai’s MAF Launches Community Mall In Sharjah

My City Centre, Nasseriya in Sharjah, an investment worth Dhs84 million, will cater to smaller residential communities.

Dubai Hotels Record 80% Occupancy In 2013

Dubai’s market rapidly absorbed an influx of new hotels in 2013 whilst maintaining a healthy occupancy rate throughout the year.

Cathay Pacific To Make Doha Debut

Strategic agreement follows Qatar’s entry into the oneworld alliance

Saudi Electricity Proposes 2013 Cash Dividend Of $0.19 Per Share

In January, the monopoly said its annual profit for 2013 rose 19 per cent to 3.04 billion riyals from a year earlier.

Cloud To Transform Automotive Industry

Cloud connected cars will transform consumer interactions with vehicles, according to Continental.

Dubai, Abu Dhabi Firms To Hike Housing Allowances In 2014

Around 22 per cent of Abu Dhabi employees and 33 per cent of Dubai employees will see a rise in housing allowances this year.

WhatsApp can officially hide online status, announces rollout of Communities

WhatsApp To Add Voice Calls To Its Service -CEO

WhatsApp and its competitors have punched a hole in telecom operators’ revenue in recent years by offering a free alternative to text messaging.

Etihad To Launch Daily Phuket Flights

UAE residents and holidaying Europeans now have improved access to the popular Thai destination

Qatar’s Nakilat Q4 Profit Falls 13%

The company made a fourth-quarter profit of 176.5 million Qatar riyals ($48.5 million), down from 203.3 million riyals a year earlier.

IBM Invests $1 Billion In Cloud Software

Tech giant aims to develop the hybrid cloud ecosystem.

Horse Racing-Godolphin’s Racing Manager Quits For New Role

Simon Crisford will take on a new role as Sheikh Mohammed’s global racing advisor.

Samsung Launches Galaxy S5 At Mobile World Congress

The phone will be available for sale globally from April 11.

WhatsApp Worth More Than $19bn – Facebook CEO

Mark Zuckerberg says WhatsApp is an extremely valuable company.

Qatar Plans To Invest $45bn In Tourism By 2030

Qatar is planning to increase tourism’s contribution to GDP by 5.1 per cent, up from 2.6 per cent.

Saudi Aujan Coca-Cola Plans $100m Fruit-Juice Factory In Egypt

The plant will be commissioned between 2016 and 2017, a senior official said.

Drake And Scull’s Rail Division Wins Dhs35m Dubai Airport Contract

The firm will provide complete MEP works for the automated passenger mover system (APM), which will connect Concourse 4 of Dubai International Airport to Terminal 1.

Sony Launches Four Products At Mobile World Congress

Xperia Z2 and M2 smartphones are designed to enhance connectivity and clarity

UAE’s ADCB Picks Banks For 5-Yr Benchmark Bond

ADCB has chosen Bank of America-Merrill Lynch, Barclays, ING and JP Morgan Chase to arrange the transaction.

Dubai Industrial City Launches Halal Cluster

Spread across nearly six million square feet, the cluster will provide a dedicated area for companies manufacturing halal products.

Saudi Central Bank Expects Further Drop Of Inflation In Q1

Consumer price growth in the world’s top oil exporter has been easing gradually since hitting a peak of 4.0 per cent in April 2013.

DEWA Commissions Dhs118m Substation At DAFZ

The substation, which has a capacity of 150 megavolt ampere (MVA), was built at the cost of Dhs86 million.

Dubai’s Arabtec In Talks To Buy Kuwaiti Firm -Sources

The deal, if completed, would be worth about Dhs2 billion ($545 million).

UAE Food Producer NFPC Signs Dhs1.5bn Deal With Kizad

The deal would see an initial investment of Dhs1.5 billion by NFPC to build a mega-facility that will be spread across eight million sq ft of land in Kizad.

Commercial Bank Of Qatar Signs Upsized $1bn Dual-Tranche Loan

Lenders joining the facility came from the Gulf, the United States, Europe, Asia and Australia.

Saudi Contractor Al Khodari Recommends $0.13 Per Share 2013 Dividend

The contractor reported a 69 per cent decline in fourth-quarter net profit last month.

Different Arab money

Saudi Kingdom Holding To Pay $0.03 Per Share Dividend For Q4

The company posted a 10.3 per cent rise in fourth-quarter profit in January, mainly due to a rise in the value of its investments.

Qatar’s Al Khaliji Lifts Foreign Ownership Cap To 49%, No Bonds In 2014

Only 16.18 per cent of the firm is currently held by non-Qatari investors, according to bourse data.

Emirates To Start Chicago Flights In August

The windy city will shortly will be served by all three Gulf carriers and becomes Emirates’ ninth US gateway

Dubai’s Union Properties To Lift Foreign Ownership Cap To 25%

Foreigners currently own 4.35 per cent of the company, according to bourse data.