New BlackBerry Q5 To Make Global Debut In UAE

The new BlackBerry smartphone, priced Dhs1,499 will be unveiled in the UAE on June 20.

Oman Air Flight Suffers Cockpit Window Damage

Investigation now underway into the cause of the damage on the evening flight from Muscat.

Islam, Ramadan Apps’ Popularity To Soar

This year’s holy month will be the ‘most mobile-enabled’ yet as Middle East penetration rate hits 109 per cent.

DP World Extends Maturity On $1bn Loan For Additional Year

The loan maturity has been extended to the second quarter of 2018 from the second quarter of 2017.

Oman Needs To Consider Fiscal Reforms

The sultanate’s central bank has issued a warning to the country which echoes a similar statement by the IMF last week.

Qatar Exchange To Start Trading Government Bonds

A market for corporate bonds would help companies finance their expansion plans.

Special Report: Emirates Airlines Flying High

Emirates Airlines is on an unstoppable flight path, connecting Dubai to the world and generating mega-profits in the process.

Dubai Aims To Become Global Fashion Hub By 2020

The emirate, which recently announced a new design district, has now signed an agreement to create ‘Dubai Fashion 2020.’

Prince Alwaleed Eyes World Cities For Mile-High Tower

The Saudi prince is inviting Dubai’s biggest real estate developer Emaar Properties to team up with his investment firm Kingdom Holding.

BAE Hopeful For UAE Eurofighter Decision This Year

Dassault’s Rafale jets and the BAE Systems-backed Eurofighter have been locked in competition for the deal to replace at least 60 of the UAE’s Mirage fleet.

Qatar Mulls Being Launch Customer For 777 Upgrade

Chief executive Akbar Al Baker told reporters at the Paris Airshow that the airline could place orders by November.

Loss-Making Abu Dhabi Tourism Company Sells Saadiyat Project

A joint venture between Mubadala and US-based Prudential Financial bought the residential project for an undisclosed sum.

UAE Revives Plans To Merge Stock Exchanges

The entire valuation and the structuring of the deal has already been completed, say sources.

Investcorp Buys 38% Stake In Saudi Energy Services Firm

The Bahrain-based investment firm is buying a stake in Al Yusr Industrial Contracting Co from two members of its controlling family.

Emirates’ A380s “Make A Lot Of Money” – Airbus CEO

Fabrice Brégier told reporters he was “very pleased” with the company’s relationship with Middle East airlines.

Etihad In ‘Advanced’ Equity Talks With JatAirways

Etihad has wasted no time in taking its commercial relationship to the next level, after starting daily flights between Abu Dhabi and Belgrade on Saturday

Abu Dhabi’s Masdar Launches Wind Farm In Seychelles

The 6MW Port Victoria Wind Farm is expected to power 2,100 homes in the island country.

Qatar Airways Places $2.8bn Boeing Order

The agreements for nine B777-300ERs include a firm order for two airplanes previously attributed but not made public, plus a commitment for an additional seven aircraft.

Qatar Sells Back 10% Porsche Stake To Founding Families

Porsche was forced to sell the stake to Qatar Holding in 2009 as a way to prop up its strained finances.

Abu Dhabi’s Aldar Awards $1.1bn Contract To Arabtec

Construction of the Kazakhstan project is expected to be completed by 2017.

Saudi King Congratulates Iran’s New President Rohani

Ties between Saudi Arabia and Iran are tense over many issues, notably the war in Syria.

Saudi Aramco-Dow JV Raises Funding For $19bn Project

The petrochemical complex, located at Jubail Industrial City, will be the world’s largest chemical complex ever built in a single phase.

Qatar Tightens Caps On Banks’ Securities Investment

Banks’ total investment in equities and debt instruments must be limited to 25 per cent of their capital and reserves.

Saudi Weekend Move To Happen Soon – Chambers Head

The move is expected to provide a boost for the economy as the current Thursday-Friday weekend sees the Kingdom share only three working days with overseas companies.

Saudi Arabia To Block WhatsApp Within Weeks

Saudi’s Communications and Information Technology Commission (CITC) banned Viber this month with Skype also on its non-compliant list.

Kuwait Court Dissolves Parliament, Orders New Elections

The court made its ruling after throwing out an opposition challenge to changes to the electoral system decreed by the emir.

Dubai-Based Businessmen Named In HM Queen’s Birthday Honours List

Mark Beer becomes an OBE and Joseph Tabet an MBE, in recognition of their work to promote UAE-UK ties

Arabs Put Slim Hopes In New Iranian President

Hassan Rohani, who replaces Mahmoud Ahmadinejad, is known for a conciliatory approach and is backed by reformists.

Regional Political Tension Seen Hitting GCC Stock Markets

Saudi Arabia’s stock market, the region’s largest, dropped 4.3 per cent on Saturday.

EgyptAir Plane Diverted After Threatening Note Found

A note written in English and reading “This flight will be on fire” was found in one of the plane’s toilets by a woman passenger.