Dubai Issues Regulations For Upcoming Tramway System

New resolution details fines for punishable traffic violations once tramway is operational.

Bahrain’s Mumtalakat Eyes New Investments As Portfolio Improves

The Bahraini wealth fund’s finances were hit by losses at struggling national carrier Gulf Air.

Kuwait Wealth Fund Favours Infrastructure Sector In West

The KIA is estimated to have around $386 billion under management.

Two Kuwaiti Refineries Stay Below Full Output After Shutdowns

Three refineries, close together on the Gulf coast south of Manama, were shut by a power outage on Wednesday.

Dubai Confirms Final Deal On $10bn Debt Restructuring

Lenders agreed to restructure about $6 billion of bank facilities while $4 billion will be repaid after bank creditors are satisfied.

BRIC Or MINT? Investors Suffer Acronym Anxiety

Former Goldman Sachs economist Jim O’Neill created the ‘BRIC’ family in 2001.

How To Have A Successful Meeting

Hazel Carter-Showell, founding director of CarterCorson, a UK based firm of business psychologists, says don’t be afraid to stand out in a meeting.

Review: Jabra Motion

The Bluetooth and NFC enabled wireless headset is flexible and sleek.

Egypt Will Return $3bn To Qatar This Year

Qatar, a firm backer of Mohamed Mursi, lent or gave Egypt $7.5 billion during the year the Islamist was president.

UAE’s CBI Seeks Shareholder Nod For $300m Rights Issue

The lender, 40 per cent owned by Qatar National Bank, is aiming to raise Dhs1.1 billion through the issuance of 787.9 million shares.

UAE Sets Rules For Covered Warrants

The conditions include a licensing regime for issuers of covered warrants and disclosure requirements.

National Bank Of Fujairah’s Net Profit Rises 28.6% In 2013

The bank’s profit rose for a fourth consecutive year, owing to its robust business performance.

Saudi Arabia Tenders To Buy 660,000 Tonnes Of Wheat

Saudi has become a major importer of wheat since abandoning plans for self-sufficiency in wheat in 2008.

Saudi Binladin’s Construction Products Arm Plans IPO This Year

The IPO listing is expected to take place before June this year, according to the company’s CEO.

Dubai Exports Opens New Mumbai Office

The Dubai Exports office in India is expected to boost the visibility of goods and services from Dubai.

UAE Banks Warned To Help Write Off Citizens’ Debts

Under the Debts Settlement Fund initivate, banks are required to waive 50 per cent of Emirati debtors’ loans.

Dubai’s Emaar Quietly Replaces CEO Low Ping

The firm appointed Abdulla Lahej as her replacement, industry sources said.

Emirates To Operate Double Daily A380 Services To Moscow

The airline’s second jumbo A380 jet will begin services to the Russian capital from August 1, 2014.

Kuwait’s Shuaiba Oil Refinery Still Shut After Power Cut

The Mina Abdullah and Mina Ahmadi refineries have restarted but are not expected to return to full production until Friday.

Dubai’s DEWA Opens Dhs500m Warsan Complex And Al Qusais Control Centre

The new centre will maintain the required electricity reserve for emergency cases and monitor quality indicators and network performance.

Women In Finance ‘Are More Likely’ To Attain Board Seats

Women in the finance sector can assess the immediate financial impact on a business, which raises their credibility across boards.

Emirates Steel Seeks $1.3bn Loan To Refinance Debt, Buy Assets

The deal is expected to cut the costs of a loan which was signed in 2010.

UAE Using Too Much Energy, May Increase Prices – Oil Minister

Consumption in the country is double or triple the average of the world, Suhail bin Mohamed Al Mazrouei said.

Five Reasons For SMEs To Join Social Media

Fatima el Malki, social media manager at Active PR, explains why it is critical for SMEs to be on social media.

Helicopter Crashes On Dubai’s Palm Jumeirah Island

The two passengers on board sustained “moderate to critical injuries” confirm officials.

Qatar’s First IPO Since 2010 Fully Subscribed

Mesaieed Petrochemical Holding Co, a unit of state-owned Qatar Petroleum, raised QAR3.2 billion.

Boeing, UAE Join To Produce Aviation Biofuel From Desert Plants

The research partnership comes after findings that desert plants fed by seawater will produce biofuel more efficiently than other well-known feedstocks.

Kuwait Investment Firm KIPCO Plans Up To $500m Bond Sale

The company has hired a group of international banks to help arrange the sale.

Saudi’s SABIC Expects To Enter US Shale Market This Year

SABIC CEO Mohamed al-Mady said the investment would be in downstream operations.

Saudi Minister Says No Role For Syria’s Assad In Transition

In a speech to an international conference on Syria, Prince Saud called for the withdrawal of all foreign forces from Syria.