Yohan Blake To Run At Doha’s Diamond League Meeting

The world’s second fastest man will compete at the meeting on May 10 in Qatar – the first of 14 Diamond League fixtures.

Dubai Islamic Bank To Boost Capital Through Sukuk Sale

The dollar-denominated Islamic bond is expected to be benchmark-sized.

Shoppers Fuel 10% Dubai RevPAR Rise

Hoteliers benefited from the month-long Dubai Shopping Festival and high in-flows of tourists, particularly from Europe

EXCLUSIVE: Oberoi Dubai Targets March Opening

The 250-room hotel is the luxury Indian chain’s first UAE property.

Oil Falls On Slowing Chinese Economy, Ample US Supply

U.S. crude has fallen around $8 per barrel over the last month.

Court Rules Kuwait Venture To Pay $2.48bn To Dow Chemical

Kuwait’s Petrochemical Industries Co (PIC) pulled out of a $17.4 billion joint venture deal in late 2008.

UAE’s First Online Shopping Mall Goes Live

Retail plays an important role in the UAE’s economic growth, accounting for 12 per cent of Dubai’s GDP over the last ten years.

WEF Energy Report Leaves Out OPEC Members

The top 50 list of countries adjusting to future energy sources does not include any OPEC states.

McDonald’s Arabia: “No Horsemeat In Our Products”

Products are tested externally and internally to ensure that “quality is maintained” says regional head.

REVEALED: GCC Asian Expats Earn 26% Less Than Western Peers

Asians in the Gulf are taking home over a quarter less than Westerners, with HR experts controversially saying wages ‘link back’ to home countries.

First Gulf Bank Repays $1.2bn Government Support

The UAE’s Ministry of Finance placed Dhs70 billion ($19.1 billion) with banks after the 2008 financial downturn.

Bahrain’s Investcorp Sells IPH To European PE Firm

Investcorp has been selling assets and making new investments as financial markets recover from the Arab Spring.

Shareholders Approve Aldar-Sorouh Merger

Mohamed Al Mubarak was named the deputy chief executive and chief portfolio officer of the new entity.

Emirates’ Perth Flights Go Triple Daily

Latest capacity increase means the airline’s services have grown more than five-fold since it first flew to Perth in 2002

New Dubai Firm To Manage Islamic Endowments

Awqaf are believed to control tens of billions of dollars worth of assets around the Muslim world.

Oman Sees BP Tight Gas Deal In Weeks

Omani gas production has risen sharply over the last decade and the country remains a net gas exporter.

Dreamliner Grounding Impacts Qatar Airways’ New Routes

Chicago schedules amended to three-a-week and Chengdu is put on hold

Saudi Central Bank Sees Inflation At Tolerable Levels

Inflation in the Kingdom reached a seven-month high of 4.2 per cent year-on-year in January.

Oman’s 2012 Average Daily Oil Output Up At 918,000 bpd

Average oil production in the country was at 884,900 bpd in 2011.

Qatari Telecom Firm Ooredoo Posts 14.6% Rise In Q4 Profit

Profit was boosted by higher revenue in Qatar, Indonesia and Iraq.

GCC’s Appeal Sees Rise In M&A Deals

Regional M&A activity spiked in 2012 as global investors looked outside the West.

REVEALED: Qatar, Saudi CEOs On Highest GCC Salaries

The Gulf Business 2013 Salary Survey reveals which countries reward CEOs with the biggest pay packages.

Bahrain’s Gulf Air Cuts 15% Staff In Restructuring

The struggling carrier said further adjustments would be made across all levels of its organisation.

Zain To Offload Stake In Iraqi Unit Through IPO

The company expects to finalise details of the initial public offering by the end of June.

Dubai’s Noor Sets Up JV With State-Owned AMAF

The new company, called Noor Awqaf, is being set up with a share capital of Dhs10 million.

Gulf Investors To Bid $2.3bn For Arsenal FC

Qatar and UAE-backed investors are expected to make what will be the largest ever bid for a football club.

Oman’s 2012 Oil Output Rose 4%

The increase was due to new discoveries in three different oil fields as an average of 918,000 bpd were produced.

Revealed: Top 10 UAE Bank Profits In 2012

Gulf Business brings you the top 10 banks in the UAE that made the largest profits last year.

Arabtec’s New CEO Says Aabar Not Seeking Stake Increase

Abu Dhabi investment fund Aabar has a 22 per cent stake in the Dubai-based contractor.

UAE’s ENEC Applies For Licence To Build More Nuclear Reactors

Emirates Nuclear Energy Corp (ENEC) was awarded a licence for the construction of the first two reactors last July.