Top Performing UAE Companies In Q3 2012

The country’s best performing companies in the quarter by net profit.

Emaar Signs $500m Deal For Turkey Project

Emaar Square will house over 1,000 luxury homes, a 180-bedroom five-star hotel and the largest shopping mall in Turkey.

Dubai Taxis Rank Third Best In The World

TripAdvisor’s annual Cities Survey ranks the emirate’s cabs highly.

Luxembourg Buys Back Qatar Airways’ Freight Stake

Luxembourg bought the 35 per cent stake back for the original sale price of $117.5 million.

Starwood’s Aloft Opening In Iraq

It marks the global operator’s third property in the city, following deals for a Sheraton hotel and Four Points by Sheraton hotel earlier this year

Oman Investment Firm Eyes Stake Sales In Banking Arm

Ominvest also has plans to list part of Oman Arab Bank on the Muscat bourse.

Oil Rises On U.S. Fiscal Cliff Optimism

As the White House edges closer to a resolution, investors pour cash into oil and equities.

Abu Dhabi, France Join For Total’s Gas Network

Caisse des Depots and ADIA come together to bid for TIGF business.

UAE Says Egypt Media Plot Claims ‘Fabricated’

The UAE Foreign Minister has summoned Egypt’s ambassador to discuss the claims.

Saudi Arabia Bans Brazil Beef Imports

The decision follows Egypt’s ban after fears of mad cow disease case.

Saudi Maaden Raises $2.4bn From Islamic Loan

The credit facility was increased from the 7 billion riyals initial target amount.

Qatar’s FIFA Bin Hammam Banned For Life

The former FIFA presidential candidate Mohamed Bin Hammam has also handed in his resignation.

Al Habtoor Group Postpones $1.6bn IPO

The group’s chairman will “continue to focus on best practice and growing the company in a sustainable way.”

Saudi Aramco-Total Double Investment At Jubail

The 400,000 barrels per day refinery is due to be fully operational in the third quarter of 2013.

Etihad Buys 70% In Air Berlin’s Loyalty Programme

The deal will generate $242.70 million in revenue for the German carrier.

Saudi Aviation Body To Allow Fare Rises

The civil aviation will also allow new carriers in an attempt to spur growth.

ENBD Frontrunner For BNP Paribas Egypt Arm

Emirates NBD’s offer was highest in a second round of bidding that took place in December.

Etihad Close To Buying Stake In India Carrier

The Abu Dhabi-based airline is about to buy a stake in either Jet Airways or rival Kingfisher Airlines.

Banque Saudi Fransi Closes $507m Sukuk

The Saudi lender’s issue was around 2.2 times covered by investors.

Abu Dhabi Ports CEO – ‘There Is No Danger Of Overcapacity’

Exclusive: Tony Douglas, boss of ADPC, said the newly opened Khalifa Port will mop up Mina Zayed’s traffic and benefit from rising MENA trade.

GALLERY: Inside Dubai Airport’s New A380 Facility

Take a look at the new Concourse A inside Terminal 3 of Dubai International.

UAE’s First Mega Waterpark Opens In Abu Dhabi

Yas Waterworld Abu Dhabi is set to open its doors to the public in the New Year.

Bahrain’s Marina Project Hit By New Delays

The $66 million development is held up again by land issues.

Dubai’s A380 Facility – What To Expect

A look at the new 500,000sqm Concourse A that has the capacity to handle 15 million passengers a year.

Oman Secures New Subcontinent Traffic Rights

Exclusive: Oman Air announces new flights into India and Pakistan.

Chairman – Giordano Pushes For 15% ME Marketshare

Hong Kong clothing store to open 60 stores in the region and India by the end of 2015, says chairman Dr Peter Lau.

Dubai’s Habtoor Hotel Renovated In 2013

The five-star resort will see its 446 rooms and F&B outlets refurbished.

Dubai Airport Tests New A380 Terminal

The new concourse A at Terminal 3 was tested by 1,000 volunteers.

Oil Flow At Iraq’s Kirkuk-Ceyhan Pipeline Resumes

Technical failure brought oil flow to a halt on December 8, and again on Saturday.

Green Shoots For Private Equity Sector

Interest in deals is up say experts, but closing deals is still lacking as billions of dollars in dry powder lies waiting.