S.Aramco, Exxon Offer Up To 90,000 Tonnes Of May Fuel Oil

The 700-centistoke (cst) cargo is scheduled to load between May 5 and 9, traders said.

US Allies Plan Big Gulf Naval Exercise In May

Representatives from over 30 nations will gather in Bahrain to practise minesweeping and escorting ships.

Malaysia MMC Says Saudis Terminate Rights To Develop $30bn City

Malaysian construction firm MMC’s joint venture with Saudi Binladin Group was awarded the contract to develop the Jazan Economic City in 2006.

Etisalat Says Unblocks Skype Website

The UAE telecoms operator had been blocking Skype, the free internet-to-internet phone calls site, for several years.

Top 10 Largest Aluminium Smelters In The World

Two from the UAE and one from Bahrain feature on the list of the world’s largest smelters by capacity.

Emaar Launches First Project Within Mega-Development Reem

The developer will launch the sale of 188 townhouses in Mira this month.

Former UK Prime Minister Margaret Thatcher Dies

Baroness Thatcher became the first female prime minister for the United Kingdom in 1979.

Emirates Flying Milan-New York From October 1

Italian Civil Aviation Authority has authorised the services, an extension to one of Emirates’ existing triple daily flights, on an extra-bilateral basis.

Ajman Bank’s Acting CEO Resigns

Mohammad Zaqout, previously executive vice president of personal banking at Al Hilal Bank, will be the new chief executive.

Kuwait To Spend $17.5bn On Projects In 2013/14 – Finance Minister

Domestic tensions have been delaying work on Kuwait’s KD30 billion development plan

Etihad-Aer Lingus Codeshare Gains US Regulatory Approval

Etihad passengers flying on Aer Lingus’ planes to New York and Chicago can now pre-clear US Customs and Border Protection in Dublin

Morgan Stanley Names Kayello As New MENA Head

Kamal Jabre is relocating to London to take up a senior investment banking role.

Sir Maurice Flanagan Retires From Emirates

Executive Vice Chairman who has been pivotal in managing Emirates’ growth in the last 28 years stepped down from his position on Sunday

Lorenzo And Rossi Storm MotoGP Qatar Season Opener

Valentino Rossi, back at Yamaha after two years at Ducati, finished second behind teammate Jorge Lorenzo.

Abu Dhabi’s Kizad Awards Dhs100m Contract to UAE Firm

Khalifa Industrial Zone Abu Dhabi has awarded a deal to construct phase 1 of its pre-built warehousing to UAE’s System Construct.

Etisalat Lines Up $8bn Loan For Vivendi’s Maroc Stake Bid

French media group Vivendi aims to offload its 53 per cent holding in Moroccan firm Maroc.

Saudi Riyad Bank Posts 5.5% Rise In Q1 Net Profit

The bank said it made $254 million in the three months ended March 31, 2013.

Expatriates Apprehensive Over Saudi Labour Crackdown

More than 200,000 foreigners have been deported from the Kingdom over the past few months.

Dubai International Airport Is World’s ‘Fastest Growing’

Airport buoyed by Emirates’ nine new destinations, equating to nearly 22,000 additional seats every day

Qatar National Bank Q1 Net Profit Up 6.7% On Loan Growth

The bank’s lending growth year-on-year stood at 28.7 per cent during the first quarter.

Kuwait Agilty Unit Wins $190m U.N. Mission Contract

Agility’s Gulf Catering Company for General Trade will provide bottled water and other supplies to the joint United Nations-African Union Mission in Darfur.

Etihad Airways Q1 Passenger Revenues Up 19%

Passenger revenues at Etihad totalled $900 million in the first quarter of 2013, compared with $758 million a year ago.

Four Seasons Committed To Pearl-Qatar

Despite an oversupply of hotel rooms in Doha, Four Seasons will open its second hotel in the city, says senior official.

Bad Weather In UAE Delays Flights

Heavy rains and thunderstorms have delayed flights operating to and from the country.

Dubai Islamic Bank Repays Dhs3.7bn To UAE Finance Ministry

The bank received the deposit in 2008 to boost its financial strength during the financial crisis.

Is Cyprus Too Small To Matter?

With the Euro bailout of the island country of Cyprus what are the implications for the UAE and Middle East?

Indian PM To Visit UAE In Early August

Manmohan Singh’s visit will be the first by an Indian prime minister in over three decades.

New $12bn Qatar Investment Firm To Offer Shares In May

The new firm is backed by Qatar’s sovereign wealth fund, Qatar Holding.

Oman To Shift To Friday-Saturday Weekend

Currently Oman, like neighbouring Saudi Arabia, follows a Thursday-Friday weekend.

Saudi King Orders Three-Month Delay To Illegal Worker Crackdown

More than 200,000 foreigners have been deported from the country over the past few months.