Saudi Food Sales To Hit $70bn By 2016

A growing population and increased consumer spending are expected to drive the Kingdom’s food and agricultural sectors.

LG Launches Flagship Optimus G Pro In UAE

The Optimus G Pro, priced at Dhs1,999, comes with a 5.5-inch Full HD display and a 13MP rear camera.

Jeddah Tourist Numbers Drop 75% During Ramadan

Officials attribute the low visitor numbers to lack of adequate tourism promotion.

Revealed: Top 10 Tech Companies In The World

IBM tops the global list of the world’s biggest ICT companies as ranked by Booz & Co

Saudi Local Salaries Decline 10% Due To Inflation

Survey finds that male salary levels fell by SAR 371, while female salaries dropped by SAR 211.

Liberals, Smaller Tribes Win Seats In Kuwait Vote After Opposition Boycott

The mainly Islamist opposition boycotted the poll in protest against a new voting system announced last year.

Samsung Beats Apple To Become Most Profitable Phone Vendor In Q2

The Korean company’s operating profit for its handset division stood at $5.2 billion in the second quarter of the year.

Etihad And Serbia’s JAT To Sign Partnership Deal On August 1

The two airlines agreed to share route-booking codes in April but stopped short of an equity tie-up.

Qatar Grounds A Boeing 787 Due To Minor Glitch

The 787 has suffered a spate of mishaps in recent weeks, including a spontaneous fire on an Ethiopian Airlines-owned aircraft.

Kuwaitis Head To The Polls For Sixth Time Since 2006

The parliamentary election was boycotted by the main Islamist opposition.

Kuwait Elections: Ruling Emir Puts Diplomacy First

The Gulf state is holding a snap parliamentary election on July 27.

Energy In Flux: The Gulf’s Growing Green Energy Sector

Vast domestic demand, external threats and the end of easy oil are driving the Middle East’s renewable energy sector.

Qatar Luxury Group To Launch Boutique

The boutique, for its luxury brand Qela, will launch in Doha in late September and will sell leather goods, shoes, jewellery and clothing.

China’s Sky City Not An Immediate Threat To Burj Khalifa

Sky City, China’s most ambitious development, has faced criticism over its nine-month deadline.

Shale Gas Will Not Affect GCC Oil Demand – Report

The latest developments in fracking technology will not affect GCC oil demand negatively.

Fee Income Helps Dubai’s Mashreq Post 25% Profit Leap

The profit increase came despite a 20.9 per cent jump in impairments.

UAE Telco Du Posts 46% Rise In Q2 Net Profit

The operator said that data services and postpaid customers are driving revenue growth.

Nakheel Has “Cheapest Service Charges In Dubai”- Chairman

The Dubai developer says it has slashed service charges across many of its properties in Dubai.

Saudi Aramco Plans New Gas Plant At Fadhili

The plant is estimated to have a processing capacity of 1 billion standard cubic feet per day of sour gas.

UAE Embassy Compound Attacked In Libyan Capital

No injuries have been reported and an investigation is underway.

Saudi Could Face Higher Unemployment – IMF

The Kingdom’s private sector may be unable to accommodate all the Saudi nationals who are unemployed.

Oman’s Bank Nizwa Obtains Investment Banking Licence

The lender, Oman’s first full-fledged Islamic bank, launched operations in January.

What Can Dubai Learn From Shanghai’s Expo 2010?

With the Expo 2020 announcement looming, Gulf Business looks at how Shanghai’s mega event transformed the Chinese city. Can Dubai duplicate those effects?

Awarding World Cup To Qatar Was “Blatant Mistake”- FIFA Exec

FIFA executive committee member Theo Zwanziger said staging the tournament in winter is a big problem.

Saudi Dairy Firm Almarai Eyes Hybrid Sukuk

The offering, which is not imminent, is likely to be denominated in Saudi riyals.

Kuwait’s Global Says Completes $1.7bn Restructuring

Under the deal, Global separated its core fee business from other parts of the company.

Work On Nakheel’s World Could Start By 2014 – Chairman

The Dubai developer says it has started receiving fresh interest from investors for the stalled development.

Toyota SUV Sales Record Strong Gulf Growth

Land Cruiser leads the sales in the SUV category while Prado and Rav4 also has recorded considerable growth in H1 2013.

Jet-Etihad Deal Hits Another Roadblock

The Indian capital markets watchdog has expressed reservations that the control of Jet stands the chance of passing into foreign hands post the deal.

First Gulf Bank Reports 15% Rise In Q2 Net Profit

The lender is rapidly diversifying its presence, both domestically and internationally.