Egypt To Use Gulf Billions To Spur Economy

Saudi Arabia, Kuwait and the United Arab Emirates have promised Egypt a total of $12 billion in loans, grants and fuel shipments.

Dubai’s Arabtec Hires Former Aldar Chief Executive

Arabtec underwent a major management shake up in February, replacing its founder and chief executive.

EXCLUSIVE: PwC MENA Expands, Plans to Hire 1,000 Staff

The professional services company plans to employ staff across many sectors, including telcos, financial services and energy.

Dubai Utility DEWA Plans Coal-Fuelled Power Plant

The utility has issued a request for tenders for the 1200 MW plant.

Emirates To Cut Several Flights During Dubai Airport Revamp

Dubai International Airport will close runways for 80 days beginning from May 1, 2014 for a maintenance project.

It’s Official: Money Does Make You Happy

A survey finds it takes more money to be considered wealthy in the UAE than it does in the United States or the UK.

EXCLUSIVE: First Look At Flydubai’s New Business Class

Dominic Ellis is the first journalist to experience the new class of Dubai’s low-cost carrier, testing everything from the cabin to duty free.

Qatar Sends Second Shipment Of LNG To Egypt

Doha agreed in June to supply Egypt with five shipments to cover some of its power needs.

Samsung Galaxy S3 Most Popular Smartphone In UAE

Nokia remains top mobile manufacturer in the UAE, beating Samsung and Apple.

Abu Dhabi Rents Fall Despite Employee Relocation

New high-end residential properties in Abu Dhabi see rising demand despite an over supply of residential units.

BlackBerry Launches Gold BB Q10 In UAE

The special edition smartphone, priced at Dhs3,799, will be available in white with a gold-coloured stainless steel frame.

Egyptian Authorities Arrest Muslim Brotherhood Leader

Egypt’s Interior Ministry’s Facebook page showed a picture of Mohamed Badie with a caption confirming his arrest.

Saudi To Fill Financial Gap From Any Western Sanctions On Egypt

Prince Saud al-Faisal accused Western countries of tacitly encouraging Muslim Brotherhood violence with their criticism of the Egyptian military.

Mubarak Could Be Freed After Egypt Court Drops Corruption Case

Mubarak, who ruled Egypt for 30 years, was arrested soon after his overthrow and became the first Arab leader to face trial.

Abu Dhabi’s Mubadala Unit To Develop Oil Field In Thailand

Mubadala Petroleum and Kris Energy will develop the Nong Yao field with production capacity of up to 15,000 barrels of oil per day.

UAE Credit Card Cold Calls On Rise Again

As consumer lending perks up in the UAE, unsolicited calls from various banks pushing credit have reached pre-crisis levels.

Qatar Government Spending Growth Slows Sharply In 2012/13

Total state spending stood at QAR178.2 billion, slightly below the initial plan of QAR178.6 billion for the fiscal year ended in March.

32% Of UAE Firms ‘Definitely Hiring’ In Next 3 Months

The Bayt.com index survey found that 30 per cent of MENA companies are hiring in the next three months.

Qatar Airways To Launch Dreamliner On Indian Routes

The carrier will operate its Boeing 787 Dreamliner jet to Delhi and Bangalore from September 1.

Kuwait To Deport Nine Egyptians Protesting Against Cairo Crackdown

A security source said the nine were “prominent participants suspected of incitement and chanting hostile slogans”.

Saudi Electricity CEO Resigns, Aramco Executive To Replace Him

Ali bin Saleh Al-Barrak has been serving as the CEO of the utility since October 2006.

UAE Ranks Third Most Popular Hub For British Expats

Tumbling bonuses in the west and improved employment prospects in the UAE are attracting British expats to the country.

GCC Insurance Industry To Reach $40bn By 2017

The industry is growing because of increased business activity in the region.

Volkswagen ME Records Best Ever Month

The German automotive brand saw deliveries for its Passat model rise 415 per cent on last year.

Bahrain’s Investcorp Sells Skrill Group For $800m

Skrill, an online payment system in Europe, was sold to funds advised by CVC Capital Partners.

Yemen Says 18 Foreign Oil Firms Qualified To Bid For 20 Blocks

UAE-based Crescent Petroleum is one of the companies to bid for the onshore and offshore blocks.

Saudi Arabia Warns Against Pressing Egypt On Crackdown

Saudi foreign minister Prince Saud al-Faisal met French president Francois Hollande with both calling for fresh elections in Egypt.

Dubai’s Union Properties Shares Jump 11% On Trading

Emirates NBD, a majority stake-holder in UP, sold down its stake from around 48 per cent to around 31.4 per cent in the first half of this year.

Command The Skies: Flying An A380 Simulator

What’s it like for pilots and crew onboard an A380? Dominic Ellis popped into the Emirates Aviation Experience to find out.

Universities In Dubai Academic City Add New Courses As Demand Grows

The majority of students in Dubai-based universities are from the UAE, according to official data.