Dubai Court Dismisses Kuwaiti Sheikh’s $21m Claim Against UBS

The Sheikh claimed he helped the bank become lead arranger on a $9 billion asset sale by Kuwaiti telecom operator Zain.

New York Times, Twitter Hacked By Syrian Group

The Syrian Electronic Army, a hacker group supporting the Syrian government, claimed credit for the attacks.

UAE-France JV Wins $1.6bn Oil Field Project In Abu Dhabi

A consortium of National Petroleum Construction Company (NPCC) and France’s Technip will develop the Umm Lulu field.

US, Allies Prepare For Probable Military Strike On Syria

The move follows President Bashar al-Assad’s forces alleged chemical weapons attack last week.

Dubai’s Depa Reports Net Profit Of Dhs33m

The MENA business reported revenues for the first half of the year were up 22 per cent on last year at Dhs1.01 billion.

Oman Signs MoU To Import Iranian Gas

The two nations have signed a 25-year deal valued at around $60 billion.

First Look Pictures: The Galleria, Abu Dhabi’s New Luxury Mall

The luxurious destination features 100 retail and high-end F&B outlets spread across 33,000 sq metres.

Consumer Confidence In UAE Hits Record High

Kuwait is deemed the most optimistic country in the GCC, while Lebanon and Egypt bring the Middle East average down.

Dubai Bourse Drops Most Since 2009 Debt Crisis

The Syrian chemical weapons crisis has sparked fear among Dubai investors.

Emirates To Be First Gulf Carrier To Serve Taipei

Emirates will be keen to connect passengers across its global network, particularly in Europe and Africa.

UAE Government Suspends Fujairah Quarry

The quarry in the Al Taween area will not be allowed to reopen until its violations are rectified, a ministry official has said.

Nakheel To Build Shopping Centre For Al Furjan Residents

A construction timeline for the proposed 30,000 square metre retail facility is yet to be announced.

Abu Dhabi Appoints Board For New Financial Free Zone

The zone is seen as a challenge to neighbouring city state Dubai, which is the top financial centre in the region.

UN Inspectors Reach Syria Gas Victims Despite Coming Under Fire

Many hundreds of people died in Damascus suburbs last week after an alleged chemical weapons attack.

Abu Dhabi’s TAQA May Shelve $12bn Turkey Power Project

TAQA said it had decided to defer the investment decision in Afsin-Elbistan until 2014.

UAE, Qatar’s MSCI Upgrade Makes A Hit

As regional confidence improves, Standard & Poor’s is looking to increase its presence in the region.

Dubai Aerospace In Talks To Merge Assets With BBA Aviation

BBA was holding talks with its U.S. rival StandardAero over a $4.2 billion tie-up.

Saudi British Bank Plans Sukuk Sale

HSBC is advising SABB on the potential riyal-denominated sukuk issue to boost its Tier 2 capital position.

HSBC Launches Chinese Currency Investment Options

China’s Renminibi is touted to be a top trading currency along with the Euro and US dollar.

Dubai To Home New Fifa Approved Football Complex

The new facilities will include outdoor pitches and four indoor, air-conditioned pitches.

OSN Acquires Pehla, Taps Into South Asian TV Content

OSN has announced full ownership of Pehla for an undisclosed amount while it awaits update on an IPO.

Saudi Arabia Buys 720,000 Tonnes Hard Wheat

The accepted origins are from the European Union, North and South America and Australia.

World’s Largest Holiday Inn To Open In Saudi’s Makkah

The 1,238-room Holiday Inn Makkah is slated for completion in 2016.

Increased Job Creation Leads To Rental Hikes In Dubai

Rents rose by 11.3 per cent across Dubai during the first half of 2013, says a Cluttons report.

Boeing Unveils First B787-9 Dreamliner

With the second and third airplanes in final assembly, Boeing will be hopeful the second version will have a smoother entry to market than the first.

Gold Hits 11-Week High, Briefly Tops $1,400

The precious metal was buoyed by weak U.S. data and political tensions in Syria.

Muslim Brotherhood Leaders, Mubarak Face Trial In Egypt

More than 1,000 people have died in violence across Egypt since the removal of President Mohamed Mursi.

Oman’s Qaboos Visits Iran, US-Tehran Mediation In Focus

The Sultan’s visit is the first by a foreign leader since moderate President Hassan Rouhani took office in early August.

New Luxury Resort Planned For Abu Dhabi’s Saadiyat

The Bin Otaiba Investment group has bought a 91,000-square-metre land plot on the island to develop a five-star hotel.

Bahrain: The Long Road Ahead

The island’s once vibrant economy was paralysed by violent pro-democracy protests which deterred foreign investment and crimped tourism. Where does it stand today?