Gallacher Retains Dubai Desert Classic Title

Gallacher began the day two shots clear of world number six Rory McIlroy.

UAE Summons Qatari Ambassador Over Muslim Cleric’s Comments

In a recent sermon Youssef al-Qaradawi condemned the UAE as a country which was against Islamic rule.

GCC Petrochemical Exports To Surge In 2014 – GPCA

GCC petrochemical exports are expected to rise due to the Bali Package, which aims to cut the cost of trade by 15 per cent.

Yas Mall To Open On Formula One Weekend

The mall – measuring 2.5 million sq ft – will operate 400 stores and a 20-screen cinema.

Tiger Woods Vows To Work On Putter After Muted Dubai Showing

The 14-times major winner birdied the last three holes for a one-under-par final round of 71 on the Majlis course.

National Bank of Abu Dhabi To Hire Over 100 UAE Nationals In 2014

The bank is on a hiring spree as it grows its commercial business and expands overseas.

Dubai’s Aramex Q4 Net Profit Up 16% On International Revenues

The company made a net profit of Dhs76.4 million in the three months to December 31.

Saudi Electricity Raises SAR4.5bn From Sukuk Sale

SEC said at the beginning of January that it had chosen banks to arrange the riyal-denominated transaction.

Etihad In Final Due Diligence Stage For Alitalia Stake Buy

Abu Dhabi-based Etihad is reportedly planning to buy a 40 per cent stake in the struggling Italian carrier.

Air Arabia Fills RAK Airways Void

Ras Al Khaimah inks partnership deal with Air Arabia in order to sustain its tourism growth plans

UAE’s First All-Inclusive Resort Targets Mid-February Launch

Opening of Rixos Bab Al Bahr in Ras Al Khaimah likely to spur regional interest in nascent sector

Emaar Launches Yasmin Villa Community In Dubai’s Arabian Ranches

Emaar’s latest launch brings in Arabesque-styled villas in the Arabian Ranches expansion.

McDonald’s UAE To Open 15 New Restaurants In 2014

McDonald’s UAE invested Dhs32 million in 2013, with 11 new stores and five renovations.

Union National Bank Q4 Net Profit More Than Doubles

The lender made a net profit of Dhs306 million in the three months to December 31, up from Dhs136 million in 2012.

Investcorp’s H1 Fiscal Year Net Income Up By 53%

The company recorded a net income of $60.1 million in H1 FY 2014, compared to $39.2 million last year.

Dana Gas Reports Q4 Profit Up 12%

The company collected $134 million in Egypt last year and $69 million from Kurdistan.

Cathay Pacific To Drop Jeddah and Abu Dhabi

While flights to both cities are being axed, Bahrain is to be expanded and double-daily Dubai is unaffected

Dubai Ranks 3rd Among World’s Top 20 Dynamic Cities

The ranking by Jones Lang LaSalle lists cities that have strong socio-economic and commercial real estate momentum.

US President Obama Plans Visit To Saudi Arabia – Report

Obama will hold a summit with Saudi King Abdullah to ease tensions between the two countries, according to a report.

IMF Hikes UAE 2014 Growth Forecast, Warns Against Property Bubble

The UAE is expected to see inflation-adjusted GDP expand 3.9 per cent in 2014 and four per cent in 2013.

Bahrain Aims For New Business With Takaful, Sukuk Rules

The new rules cover the operations and solvency of takaful firms.

Dubai Financial Market Issues Securities Lending Rules

Dubai was one of the best-performing stock markets in the world last year.

Middle East Peace Mediators To Meet In Munich

UN secretary-general Ban Ki-moon will meet with Tony Blair and Russian foreign minister Sergei Lavrov.

Dubai’s Arabtec Wins $5.5bn Contract From Aabar

The contract is one of the largest construction deals awarded to any builder in the UAE since 2008.

How The Financial Sector Can Support Airline CAPEX Obligations

Mounir Kuzbari, EVP and board member, Novus Aviation Capital, explains how the GCC financial sector can better support the capital expenditure obligations of the region’s airlines.

McIlroy Retains Dubai Lead, Woods Toils

Scoring on Friday proved tougher for most players as Thursday’s lush greens dried out.

Nakheel Executive Appointed As Limitless CEO

Mohammed Rashed Bin Dhabeah will become the CEO of Limitless while retaining his position at Nakheel.

Abu Dhabi Hotels Report Record 2013

Guest intake was close to 8.8 million guest nights, a 26 per cent rise on 2012.

McIlroy Sizzling In Opening Round Of Dubai Desert Classic

The Northern Irishman sinked a quintet of birdies from the 12th to the 18th.

Exclusive: First Hyatt Place In Middle East Opening In Dubai In April

Hyatt will target corporate travellers seeking casual hospitality in a hi-tech environment