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

Ford Middle East Reports 12% Rise In 2013

Ford recently announced its fifth global business unit – Ford Middle East and Africa.

Oman Telco Nawras Q4 Profit Falls 3%

The firm, majority-owned by Ooredoo, made a net profit of OMR10 million.

Investment Banks In Middle East To Remain Profitable In 2014- Report

Investment banks in the Middle East have been growing as regional markets continue to recover from the global financial crisis, says Frost & Sullivan.

Vodafone Qatar Q3 Net Loss Narrows

The company’s mobile customer base grew 27 per cent to reach 1.27 million mobile customers as of December 31.

Saudi Arabia To Give Egypt Up To $4bn More Aid

GCC states have given Egypt billions of dollars since the army toppled President Mohamed Mursi.

Aster DM Healthcare Group To Open 3 New Hospitals In The UAE

The group is planning to construct two new hospitals in Dubai and one in Sharjah, having a joint bed-capacity of 270.

Oman’s Bank Dhofar Proposes 14% Cash, 11% Bonus Share Dividend

The lender offered a 15 per cent cash dividend plus bonus shares of 10 per cent in 2012.

Etihad Regional Flight Sustains Damage While Landing In Paris

None of the 16 passengers and crew members on board were injured.

Egypt To Put Al Jazeera Journalists On Trial

In a statement, the prosecutor said the four had published “lies” that harmed the national interest.

GCC Rail Network Could Face Delays – Official

The UAE has plans to invest $25 billion in its railway infrastructure, according to the NTA.

Dubai Mall Welcomes 75m Visitors In 2013, Up 15% From 2012

Emaar’s flagship mall also saw sales increase by 26 per cent last year.

Iraq’s Investment Challenge

Can Iraq’s oil prospects offset foreign investor’s security concerns?

Bahraini Court Shuts Down Shi’ite Clerical Group

The decision comes soon after stalled reconciliation talks between the ruling family and the opposition were revived.

McIlroy Willing To Take Risks To Win $2.5m Prize At Dubai Desert Classic

Organisers of the tournament are offering a $2.5 million prize for a hole-in-one.

Dubai Holding Unit Sells Land To MAF

TECOM Investments sold one million square feet of land at its International Media Production Zone.

Saudi’s Shoura Council Criticises Nitaqat System

Shoura Council members said that the Nitaqat system has been ineffective in creating jobs for Saudis.

Arabtec Expands Into Iraq With Baghdad Office

The Dubai firm has started looking for candidates for senior management posts including for the position of CEO.

First Gulf Bank Q4 Net Profit Up 19%

The lender made a net profit of Dhs1.37 billion in Q4 2013, compared with Dhs1.15 billion in the prior-year period.

Abu Dhabi’s Waha Capital Seeks $700m Loan

Waha has picked HSBC Holdings and First Gulf Bank to help arrange the five-year loan.

Dubai Islamic Bank Q4 Net Profit Up 66.2%

The bank made Dhs518 million in Q4 2013, up from Dhs311.7 million in the corresponding period the year before.

Dubai International Handled 66.4m Passengers In 2013

Opening of Concourse A and flydubai’s ongoing expansion spurred 15.2 per cent annual growth.

HSBC Oman To Pay First Dividend Since Merger

The bank made a net loss of 1.8 million rials in Q4 2013, compared to a net loss of 4.77 million rials in the year before period.

Bahrain’s Batelco Profits Fall, Buys Back Bond

Batelco confirmed a deal with Cable & Wireless Communications in 2013 to buy its Monaco and Islands Division for $570 million.

GEMS Education To Build More Schools As Market Booms

GEMS is aiming to create 10,000 new school places a year with most in the UAE.

Emirates To Move To New Dubai Airport After 2020

Emirates currently has a terminal dedicated to its A380 fleet at Dubai International airport.