Kuwait’s NBK Q1 Profit Flat, Sees Rosier Outlook

National Bank of Kuwait made KD81.3 million of net profit in the three months of 2013.

Emirates Sponsoring Roland Garros Tournament

Latest agreement is the third tennis sponsorship in Europe after the Italian Open and recently announced Barcelona Open

Earthquake Witness Accounts In Dubai, Abu Dhabi

People in the UAE recount their first reactions to the earthquake that hit Iran on Tuesday and sent shock tremors across the GCC.

Dubai’s Arabtec Inks Joint Venture With Samsung Engineering

The new company will focus on large energy and power-related projects in the region.

Dubai Developer Nakheel Q1 Profit Up 36%

Revenue for the first quarter was Dhs2.2 billion, up 62 per cent from a year earlier.

No Loss Or Damage In UAE After Earthquake, Confirm Officials

The 7.8 magnitude earthquake that hit Iran on Tuesday sent strong tremors across the GCC.

VIDEO: After The Dubai Earthquake

Dubai office workers spilled out into the streets as tall buildings were evacuated immediately after the tremor.

Bank Muscat Q1 Profit Drops 25.1%, Misses Forecasts

The lender made a OMR15 million one-off provision after some of its prepaid travel cards were hit by fraud.

Vodafone’s Qatar Affiliate Appoints New CEO

Kyle Whitehill will replace outgoing chief executive Richard Daly from June.

Saudi King Tells Ministries To Facilitate $66.7bn Housing Programme

King Abdullah announced the SAR250 billion scheme in 2011 to build 500,000 housing units over several years

Emirates Holidays To Be Franchised, Targets Digital Growth

In regulated markets the division will team up with partners that have licensing expertise and knowledge, while in the unregulated markets it will seek exclusive GSA partners

Pakistan Bears Brunt Of Iran Earthquake, 35 Killed

Earthquake measuring 7.8 magnitude rocked the Middle East on Tuesday, a week after previous earthquake.

Arabtec Not Interested In Buying Drake Stake

Drake and Scull has seen its shares jump 17 per cent year-to-date on growing speculation that it was a takeover target.

Qatar Rejects Criticism For Supporting Syria Rebels

Prime Minister Sheikh Hamad bin Jassim al-Thani was speaking during a conference in Berlin.

Twitter Users In Dubai Earthquake Frenzy

Social media users across the GCC reported their ‘experiences’ of a second earthquake in eight days.

Major Earthquake In Iran, Shocks Felt In Dubai

A major 7.8 magnitude earthquake rocked Iran on Tuesday.

Cityscape Abu Dhabi: Aldar Wins Contract To Build 996 Villas

Abu Dhabi Housing Authority has awarded Aldar the contract to build the villas in the emirate’s Al Falah area.

Dubai Police Adds Ferrari FF To Its Fleet

After unveiling a Lamborghini Aventador patrol car last week, Dubai Police now plan to launch a Ferrari.

After Gold’s Dramatic Fall, What Next?

Prices of the precious metal have witnessed a decline of more than 20 per cent so far this year.

Qatar’s Barwa Bank To Raise $563m In Share Sales

The lender will raise the amount through two share sales including an IPO on the Doha bourse, its CEO said.

Brent Drops Below $100 For First Time Since July

Recent weak data from China and the United States has caused concern about oil demand.

F1’s Bernie Ecclestone Willing To Meet Bahrain Opposition

The 82-year-old British billionaire has said repeatedly that he has no cause for concern ahead of the Bahrain GP.

UAE Investors Prefer Property Over Gold

Real estate is currently the preferred asset class for investors in the UAE, finds new survey.

Oman’s Alizz Islamic Bank Eyes Q3 Launch -COO

Alizz Islamic Bank is the second full-fledged Islamic bank in the sultanate.

Zain Saudi Narrows Losses As Revenues Improve

The affiliate of Kuwait’s Zain, made a net loss of 398 million riyals ($106.13 million) in the three months to March 31.

Austrian Airlines €90 Million Investment To Benefit Dubai Passengers

Business class passengers can sink into flatbed seats and enjoy touchscreen monitors

Merkel Urges Qatar To Ensure Fair Tenders For 2022 World Cup

Infrastructure spending in Qatar will average over 10 per cent of gross domestic product ahead of the World Cup.

Emirates NBD Eyes 40% Retail Lending Boom

ENBD presently generates around 95 per cent of its revenue from its home market, although it is hoping to increase its international business to 15-20 per cent in five years.

UAE Credit Bureau May Struggle For June Start

Head of consumer and elite banking at NBAD and the head of retail banking at Emirates NBD believe the June start date will be missed.

Qatar, Exxon Sign MoU On U.S. Natural Gas

Both companies are involved in LNG projects in Qatar and have shared interests in LNG terminals in the UK, Italy and the US.