Mashreq Shares Surge On Rise In Foreign Ownership Limit

The lender announced on Wednesday that it was boosting the limit on foreign ownership to 20 per cent.

Etihad Airways Plans Major India Expansion

The Abu Dhabi-based airline plans to introduce more flights, more seats and new routes to India.

Dubai Islamic Bank Repays Dhs4bn Tamweel Liabilities

The lender is currently in the process of delisting Tamweel from the Dubai Financial Market.

Saudi Arabia, Bahrain Approve New Pipeline To Feed Bapco Refinery

The 350,000-barrel per day oil link between the two countries is expected to be commissioned by the third quarter of 2016

Conrad Perks For Office Tenants

On-site tenants will be offered basic memberships and premium tiers for a monthly or yearly fee

Kuwait Oil Capacity Additions Smaller, Slower Than Hoped

KOC plans to develop the Raqta project on Kuwait’s northern border with Iraq have faced several setbacks.

Chemical Weapons Disposal Will Cost $1bn, Take A Year – Assad

Syrian President Bashar al-Assad denied that his forces were responsible for a chemical weapons attack in Ghouta.

Dubai’s Mashreq To Allow Foreigners To Own Up To 20% Of Shares

Foreign investors currently own only 1.9 per cent of the bank’s shares, as per DFM data.

UAE Developers To Build $4.5bn Residential Project In Baghdad

The project will be built in phases and can house up to 150,000 people.

Conrad Dubai Officially Opens

The 555-room hotel, located opposite The Dubai Convention & Exhibition Centre, will primarily target business guests

National Bank of Fujairah Launches Subsidiary In Hong Kong

NBF’s new entity will help facilitate expanding cross border flows between the UAE and China.

Bahrain’s Arcapita Emerges From US Bankruptcy

Arcapita’s plan will see it transfer its assets into a new holding company which will dispose of them over time to pay off creditors.

BlackBerry’s New Phone Z30 To Launch In Middle East Next Week

The new touchscreen device boasts a five-inch display and a 1.7 gigahertz processor.

Emirates NBD Signs 5-Year Partnership With Manchester United

The Dubai-based bank is launching co-branded credit, debit and prepaid cards targeting the football club’s fans in the UAE.

80% Of UAE Investors Lack ‘Strong Investment Knowledge’

Most UAE investors do not seek professional financial advice, finds new study.

RBS To Boost Mideast, Africa Trade Finance After Regional Revamp

The bank’s retail business in the UAE was sold to Abu Dhabi Commercial Bank in 2010.

Dubai’s Damac Picks Banks For London IPO – Sources

Deutsche Bank and Citigroup Inc will advise on the planned flotation, two banking sources said.

Fifa: No Compensation For Australia If Qatar 2022 Moved To Winter

The head of Australia’s football federation had earlier demanded that Fifa compensate the World Cup 2022 losing bidders.

UAE’s Just Falafel To Launch IPO On Nasdaq Dubai By October

The fast food chain is reportedly looking to offload around 25 per cent of its shares.

Bahrain Opposition Leader Accused Of Inciting “Terror”

Khalil al-Marzouq, of the opposition Al Wefaq party was summoned by the police and is expected to face legal charges.

Qatar’s Ooredoo Signs Content Deal With Disney

The agreement will provide Oreedoo’s customers access to Disney movies and channels via video-on-demand services.

Qatar Looking Less Likely To Bid For Versace – Sources

Family-owned Italian fashion house Versace is looking to sell between 15 to 20 per cent to investors.

Qatari Businessman ‘Robbed At Paris Charles de Gaulle Airport’

Report claims businessman was assaulted and forced to hand over high-value items

Social Entrepreneurship Can Reduce Welfare Costs In ME

In a candid chat with Gulf Business, Hult Prize CEO Ahmad Ashkar discusses why he thinks the time is ripe for social entrepreneurship in the Middle East.

Dubai World Central Gets Regulator Approval For Passenger Take Off

UAE aviation regulator GCAA gives the green light for passenger flights from late October

Majority Of Middle East Senior Managers Are Hired Online: Study

Most senior managers apply for jobs via the career portal on a company’s website, says study.

France’s Alstom Wins $227m Saudi Steam Turbine Deal

The company will supply four 720MW steam turbine generator sets for the Shuqaiq power plant.

Omantel’s Shares Slump To 10-Week Low On Govt Stake Sale Plan

The government plans to offload a 19 per cent stake in the operator via a public subscription.

UAE To Announce Bank Exposure Rules In 1-2 Months – Al Ghurair

Limits on banks’ lending for residential mortgages are expected to be announced by the end of this year.

Barclays Called Reckless Over $511m Payments To Qatar Investors

The payments were made under “advisory service agreements” linked to Barclays’ emergency fundraising with Qatari investors.