Kuwait Sets Oil Well On Fire After Gas Leak

No one was injured in the gas leak accident, said state news agency KUNA.

LIVE at Gitex 2012

Gulf Business reports live from MENA’s biggest ICT event.

Lenovo Sees 46% Q3 Growth In UAE Marketshare

The company is planning to launch new PCs and tablets later this year and expand regional presence.

Obama Puts Romney Right On Libya Issue

The 2nd US presidential debate was a more evenly matched affair than the first, with Obama just edging it.

Abu Dhabi Islamic Bank Posts 3% Rise In Q3 Profit

The lender made a profit of Dhs328.5 million during the third quarter of the year.

Gitex: Kaspersky Plans Security Software For Nuclear Plants

The system is at the prototype stage, and the Moscow-based company is in talks with government bodies.

Zain Saudi In Advanced Loan Talks As Q3 Net Loss Widens

The telecoms operator said net loss widened by two percent because of lower revenues.

The Rapid Rise Of Budget Tablets

Bargain-bucket tablets are quickly outselling laptops in the UAE, say retailers.

Dubai Bourse Targets Oil Buyers, Region’s Banks

The Dubai Mercantile Exchange plans to shift its focus away from national oil companies, said its new CEO.

Bahrain’s Batelco Seeks Majority Stakes In Foreign Units

Batelco currently owns Jordanian operator Umniah and 27 per cent of Yemeni mobile firm Sabafon.

Top 10 Cars Driven By CEOs

Gulf Business checks out the high-powered wheels driven by those who sit in the corner office.

Saudi Aramco To Spend $35bn On Oil Supply Cushion To 2017

Saudi Aramco has been pumping around 10 million barrels per day for most of this year.

Gitex: Cyber Crime Is Massive Regional Threat, Warn Experts

Lack of awareness about IT security in the region is leading to a rise in online criminal activity, say experts.

Gitex: Microsoft To Launch Arabic Enabled Phone

World famous tech brand is to also launch its new Windows 8 software on October 26, with an exclusive local launch in Dubai.

Emerson Plans $25m Investment In Saudi

The global technology company plans to build an innovation centre in the Dhahran Techno Valley.

Gitex: STC Announces Wikipedia Partnership

The Saudi telecom giant has also revealed details of a new collaboration with Hilton Hotels.

Al Rajhi Bank’s Profit Falls On Higher Costs

The Saudi lender said that third-quarter net profit dropped 3.5 per cent from last year to SAR1.87 billion.

UAE Telco Etisalat Will Not Exit Foreign Markets- CEO

The telecommunications firm operates in 17 countries in Africa, Asia and the Middle East.

Dubai’s Limitless To Repay Lenders By 2016

The property firm reached a restructuring agreement with creditors on a $1.2 billion loan last week.

UAE Consumers Fail To Save

Overspending and a lack of financial planning spell an insecure future for UAE residents.

Gitex: Ford Showcases Seat To Read Heart Beat

The biometric seat being developed by the car maker will be able to monitor driver wellness and stress levels.

Gitex: STC Announces New Partnerships

The Saudi telecom giant has made several announcements on the opening day of technology week, including deals with Ericsson, Huawei and Wikipedia.

AC Milan Denies Plans To Sell Stake To Qatar

Reports claimed that Silvio Berlusconi was considering selling a 30 per cent stake to Qatar for 250 million euros.

Safco Says Q3 Net Profit Falls 5.1%

The Saudi Arabian Fertilizer Company blamed low urea prices for the drop in profit.

Saudi’s Samba Net Profit Rises 2.3%

Samba, the Kingdom’s second-largest listed lender by market value, made SAR1.16 billion in the third quarter of the year.

Dubai’s Limitless Restructures $1.2bn Loan

The property firm will now be owned by the Dubai government.

Silicon Valley Start-Up Targets MENA Growth

AnchorFree offers a safer way to browse the web, preventing hackers from public WiFi access.

Saudi’s SABB Q3 Profit Down 28.3% From Q2

The Saudi lender posted a profit of SAR 656 million for the three months ended 30 September 2012.

Saudi Hollandi Bank Posts 5.9% Rise In Q3 Profit

The Kingdom’s eighth-largest lender said that it made SAR317 million in the third quarter of the year.

Qatar Prospects Lure Region’s Top Bankers

Global firms and large regional names are losing their top talent to Qatari lenders who offer better pay and stability.