Tamweel Q2 Profit Down 33%

The Dubai Islamic Bank-owned mortgage lender posted its second straight quarterly profit fall.

Qatar Airways To Sponsor UK Team

Farnborough Air Show: Two Premiership football teams have asked for sponsorship from the Doha carrier.

Qatar Airways Orders New A380s

Farnborough Air Show update: The Doha-based carrier unveils new 787; Boeing and Airbus battle.

Qatari Diar To Develop Oman

Five-star luxury resorts, marinas and a sports academy are planned for Ras Al Hadd following agreement.

UAE-French JV Wins $817m

Abu Dhabi’s National Petroleum Construction Co and French Technip to build offshore oil facilities.

Qatar’s Budget Surplus Triples

Booming revenues from liquefied natural gas will assist the country’s infrastructure revamp.

Banks Quit Dubai Group Talks

RBS, Commerzbank and Standard Bank are all threatening legal action against the Dubai Group.

Taking Over In Growth Markets

Abraaj Capital founder and group CEO, Arif Naqvi, tells Alicia Buller about his hopes for the private equity sector.

Gulf Air Weighs On Bahrain Fund

SWF Mumtalakat, which has shares in the airline, made a net loss of $717.68 million last year.

Qatar Rental Rates Rise 8%

Latest report from Asteco shows villa rates up four per cent as demand outstrips supply.

Cost Of Food Drops 15%

Government reminds retailers and suppliers not to raise food prices ahead of Ramadan and iftars.

KSA’s Almarai And Dar Alarkan Up

Saudi Arabia’s dairy producer and property developer both reveal an increase in net profit for the second quarter.

IBM To Expand In The ME

The global technology firm plans to increase regional hiring and open more offices in a major expansion drive.

Ship Finance Running Dry

Lending to the shipping industry is facing stormy waters amid a difficult global backdrop.

Dubai Duty Free Gets $1.75bn Loan

The Dubai airport retailer will use funds from the international credit facility to finance on-going expansion.

KSA Investors Move Quickly

Analysts are not revising share price forecasts following a surge in banking shares after mortgage law approval.

Qatar Banks Should Issue More Bonds

Slowing deposit growth means Qatari banks need other sources to avoid funding issues.

Emirates Islamic Bank Prices Sukuk

The $500 million Sukuk, EIB’s second issue this year, is priced at par and is due to mature in January 2018.

Gulf Deposits In Jersey Hit $33bn

The Gulf States account for 14 per cent of the total deposits in the island, according to official data.

Etihad Q2 Revenue Up 31%

First half revenues for Abu Dhabi’s airline are up 30 per cent as passenger numbers soar to almost five million.

Hilton To Open New Hotels In Egypt

The international hotel operator plans to open one hotel in Cairo and a resort in Alexandria.

UAE Bank Deposits Drop In May

Total deposits in the country decreased by 1.2 per cent during the month to close at Dhs1.1 trillion.

Qatar Plans New Harrods Hotels

Qatar Holding is planning to open Harrods branded hotels in Malaysia, Paris and New York.

UAE Looks East For Oil Partners

New foreign partners, mainly from the Far East, are being targeted as stakeholders of the future.

Exclusive Interview: Abdul Aziz Al Ghurair, Mashreq CEO

Abdul Aziz Al Ghurair is the man behind Mashreq, the UAE’s largest privately owned bank. In a rare interview he opens up to Alicia Buller on the greed culture that engulfed the UAE’s
banks and lurched the industry into crisis.

Qatar Airways Plans Saudi Carrier

Qatar Airways is keen to launch an airline in the Kingdom, but is worried about excessive fuel charges.

DP World sells Adelaide Port

The Dubai-based port operator sold its 60 per cent stake to Australian firm Flinders.

Etisalat Gets New Chairman

Eissa Al Suwaidi has been appointed as the new head of the UAE telecoms company, replacing Mohammad Omran.

QE2’s Glamorous Plans Scaled Back

New plans unveiled for the former cruise ship leave her floating in Port Rashid rather than off Palm Jumeirah.

Saudi Approves Mortgage Law

The long-awaited mortgage law is expected to help solve the Kingdom’s critical housing problem, say experts.