World Travel Market Reveals Top Travel Trends

Global trends worldwide include the rise of shopping hotels in the Middle East and the attraction of forbidden lands in the Americas.

Mubadala Seeks To Alter Terms On $3.4bn In Bonds

The Abu Dhabi investment fund said the move was aimed at making documentation more consistent.

Dubai Investments Q3 Net Profit Up 227%

The company’s profit rose as it booked gains in the fair value of its investment properties.

F1’s Raikkonen Wins Thrilling Abu Dhabi GP

Ferrari’s Fernando Alonso fails to regain the championship lead from title rival Sebastian Vettel.

Standard Chartered To Target Ultra-High Net Worth Clients

The lender has made new appointments to establish a family office for the super rich and begun an Islamic private banking service for rich Muslims.

Abu Dhabi Loses Its World’s Biggest SWF Crown

Norway’s Government Pension Fund Global has beaten the emirate to the top spot with assets worth $656.2 billion.

Saudi’s Almarai To Issue Private Sukuk

The dairy company raised SAR1 billion through the first tranche of a Sukuk in March this year.

Riyadh Blast Estimated To Cost Over $80m

Atleast 22 people were killed and over 130 were injured in a gas tanker explosion in Riyadh on Thursday.

Dubai Islamic Bank’s Q3 Profit Flat

DIB’s quarterly net profit remains flat despite a jump in provisions with impairments worth Dhs309 million.

UK Prime Minister Cameron Visits The Gulf

David Cameron will visit the UAE, Saudi Arabia and another Middle Eastern country as he aims to secure orders for fighter jets.

UAE’s ADCB, Banco Santander In Tie-Up

The two banks signed a partnership agreement to cooperate in trade and project finance.

Yemen LNG Pipeline To Be Repaired In A Week

The 320-km gas pipeline was damaged during an attack last week.

Dubai’s Canal Extension Project To Begin Next Year

Project contracts will be awarded by end of 2012, the Roads and Transport Authority has said.

Guinea And UAE Sign Bauxite Supply Deal

The deal, signed with UAE’s Mubadala, is expected to add $500 million to Guinea’s GDP.

Top 10 Tips For Investors

Unless you diversify and explore all the options in the market, you will not get the returns you expect, say experts.

Dubai’s DFM Says Q3 Loss Narrows to Dhs1.7m

Dubai Financial Market said revenue increased 16 per cent during the quarter to Dhs36.8 million.

Saudi Mohammed al-Mojil Group Extends Losses

The troubled Saudi construction company reported a third quarter loss of $9 million.

How To… Create a Digital Strategy

Define your target market and budget time and money wisely to reap returns from your digital strategy, says Andrew Lee Miller, marketing director of YaDig.com.

Overbanked Qatar Bulks Up For Infrastructure Boom

Local banks will have home-advantage when financing infrastructure projects but smaller assets than international lenders.

ADCB’s Q3 Profit dips 3%, Misses Forecast

Abu Dhabi Commercial Bank posted a net profit of Dhs595 million, as non-interest income declined.

62% Of UAE Cannot Recognise A Phishing Message

Kaspersky Lab report digs up alarming statistics about the UAE’s vulnerability to scam attacks.

UAE’s Dana Gas Misses $1bn Sukuk Deadline

The natural gas firm becomes the country’s first company to fail to repay a bond, also missing a $18.75 million accrued profit payment.

National Bank of Abu Dhabi Cuts 2012 Loan Growth

NBAD now expects lending to grow between four to eight per cent this year, down from its earlier forecast of 10 per cent.

Barclays Hit By Fresh US Investigations

The US Federal Energy Regulatory Commission may seek a $435 million civil penalty and roughly $35 million in disgorgement from the lender.

Hong Kong Named World’s Top Financial Centre

GCC cities fail to feature in World Economic Forum’s report as top six places remain unchanged.

Union Properties Posts Q3 Profit Of Dhs50m

The Dubai-based developer reported profit of Dhs156 million for the nine months of the year.

UAE’s Tabreed Posts 29% Rise In 9-Month Profit

The Abu Dhabi-based cooling company made a net profit of Dhs167.6 million during the nine months to September 30.

Etihad Postpones Launch To Ethiopia

The Abu Dhabi airline’s application for an operating permit was rejected by Ethiopia’s aviation authority.

Dubai Sees 12.8% Rise In September Passenger Traffic

The airport handled 4.78 million passengers in September 2012.

National Bank of Abu Dhabi Eyes South Korea

NBAD, which opened an office in Shanghai earlier this year, plans to expand its presence in Asia.