Middle East, Asia And Africa Spearhead IHG’s Q3 Growth

The three regions led IHG’s growth in the third quarter with strong performances in the UAE and Saudi Arabia.

Emirates Starts Sialkot Services

Dubai carrier is eyeing a wide range of export opportunities.

Oman Property Developer Sells Country’s First Sukuk

Oman began to introduce Islamic finance last year, becoming the last of the six Gulf Cooperation Council states to do so.

Etisalat Buys 53% Stake In Maroc Tel For $5.67bn

Etisalat will pay Vivendi 3.9 billion euros for the stake, plus a further 300 million euros in 2012 dividends from Maroc Telecom

Investcorp Buys $250m Worth Of U.S. Real Estate Assets

The Bahrain company bought high-end offices and retail space in greater Chicago, Los Angeles, Minneapolis and New York.

Saudi Business Activity Growth Weakens In October

The rate of output growth for non-oil producing private sector companies, at 58.2, was the second-slowest in the survey’s 51-month history.

Mövenpick Hotel Jumeirah Lakes Towers Opens

Swiss operator’s sixth Dubai property is an “unpretentious” addition to the New Dubai scene.

Abu Dhabi Property Prices Rise 5% In Q3

Abu Dhabi’s property prices have risen throughout the year as rents have stabilised due to continued demand.

UAE Oct Business Activity Growth Slows From 29-Mth High

UAE firms saw output growth fall to 56.4 points in October from 57.9 in September, which was the strongest level in the survey’s history.

Fairmont The Palm Opens Art Suite

Rotated on a quarterly basis, the suite will be home to works selected by Showcase Gallery.

Dubai Motor Show Begins – New Supercars Unveiled

More than 600 vehicles will be on show with an expected attendance of over 100,000 visitors.

Dubai Financial Market Swings To Q3 Profit

DFM made a net profit of Dhs82.8 million in the three months to September 30, compared with a net loss of Dhs1.7 million in the same period in 2012.

Foreign Workers Stay Home To Escape Saudi Visa Crackdown

The Saudi government has promised raids on businesses, markets and residential areas to catch expatriates whose visas are invalid.

Revealed: Top 5 Companies In The UAE 2013

The biggest businesses in the United Arab Emirates, valued by market capital.

Dubai’s Online Real Estate Portal To Increase Transparency

The new portal will provide information on real estate and support stakeholders across the industry.

Companies Waste 17 Hours Weekly Creating HR Reports

The study found that organisations are wasting time in delivering reports owing to a geographically diverse workforce.

UAE Ranks 8th In The World For Buying Global Property

A new report shows investors from the Emirates favour London, Paris and Geneva for overseas property.

UAE Banks To Get 5 Years To Obey Exposure Rules

The UAE central bank plans to restrict the amount of exposure banks can have to the debt of government-related entities.

Kerry Hails Disgruntled Saudi Arabia As Important U.S. Ally

Saudi Arabia is angry over what it sees as a weak foreign policy on the part of the Obama administration.

UAE’s Smartphone Usage Drives Mobile Retail Growth

With the number of UAE smartphone users on the rise, opportunities for mobile retail is growing.

Etihad Towers Abu Dhabi Launches Concierge App

The app, developed by Evolvin Networks, is believed to be a first for Abu Dhabi.

Damac Announces $500m London Share Listing

Citigroup and Deutsche Bank are joint bookrunners for the offering.

Dana Gas Third-Quarter Net Profit Dips

Gross revenues for the third quarter were Dhs623 million, up 21 per cent from Dhs512 million a year ago.

Dubai’s Arabtec Forms New South Korean Joint Venture

The partnership will pursue and perform large scale infrastructure projects like metro, railway, bridge, port and tunnel projects.

Vettel Wins Abu Dhabi Grand Prix

The Red Bull driver dominated from start to finish at the Yas Marina circuit, securing his 11th win of the season.

Bahrain Charges Top Opposition Leader

Sheikh Ali Salman was released on Sunday after five hours of interrogation about an opposition display.

GCC’s Oil Gift Gives Egypt New Headaches

Saudi Arabia has become the biggest fuel supplier to Egypt, sending gasoline and gasoil as well as cooking and heating gases like propane and butane.

Etisalat Launches iPhone 5S In UAE November 3

Etisalat is running a trade-in option, allowing its customers to exchange their old iPhone 5 or 4S devices for discounted rates on the new range.

IDB To Launch $10bn Islamic Bond Programme In Dubai

Dubai’s exchanges have so far listed $12.5 billion of sukuk and the total is expected to reach $16 billion by year-end.

OPEC Oil Output Hits 2-Year Low In October

OPEC’s supply averaged 29.90 million barrels per day, down from a revised 30.01 million bpd in September.