Qatar To Invest $20bn In Solar Energy Plant

The gas-rich state has so far disappointed environmentalists by failing to reduce emissions.

Qatar’s Window Of Opportunity

Qatar’s billion-dollar infrastructure programme is set to provide investors with unprecedented options — eventually.

Bahrain’s Gulf Air CEO Resigns

Samer Majali will remain in his job until the end of 2012; no reasons have been given.

Qatar Holding And CDD To Invest In French SMEs

The two have signed a MOU that will pool $389 million of investment capital.

Abu Dhabi’s TAQA Buys Iraqi Kurdish Oil Block

TAQA has purchased 53.2 per cent from General Exploration Partners.

Qatar To Start Embracing Solar Power

The tiny Gulf state will use solar power for 16 per cent of its electrical output by 2018.

Revealed: Top 10 UAE Bank Profits In Q3 2012

Gulf Business brings you the top 10 banks in the UAE with the heftiest third quarter profits this year.

Dubai October Passenger Traffic Jumps 14.3%

The airport, one of the world’s busiest, handled 4.92 million passengers in October.

Saudi Postpones Awarding New Aviation Licenses

The Kingdom has said that it needs more time to award the winning bids, which were expected to be announced by November-end.

Zain Saudi Extends $2.4bn Loan For 5th Time

The telecoms operator has postponed the maturity date of the murabaha facility to December 19.

Dubai Says Funds Available For Mega Projects

A senior Dubai government official says the UAE has adequate funds to build its multi-billion dollar projects.

Revealed: Top 10 Companies In Kuwait

Kuwait’s corporate sector experienced a recovery in 2012.

EXCLUSIVE: Noor CEO: UAE Rule On Lending “Challenging”

Hussain Al Qemzi says that it’s not easy to adhere to the central bank’s regulations on lending to GREs.

Revealed: Top 10 Companies In Bahrain

Firms in the banking and financial sector lead the list of the top companies in Bahrain.

TAQA Buys BP’s UK Assets Worth $1.3bn

The deal comes weeks after British Prime Minister David Cameron’s visit to the UAE.

Antivirus Not Enough To Protect Middle East

Online security needs to shift its focus, says CEO, as 1.5 million people are hit.

Five QInvest Senior Managers Leave After CEO Departure

Former CEO Shahzad Shahbaz left the Qatari investment bank last week.

Morocco Seeks GCC Airline Partner

Morocco is keen to enter a strategic partnership for Royal Air Maroc rather than sell a stake in the airline.

Abu Dhabi’s IPIC To Raise $2.9bn In Bond

International Petroleum Investment Company (IPIC) plans to issue a dual-curency bond spread across two tranches.

Luxury Market To Contract Further in 2013

With increased consolidation and tepid growth only a few players will survive, says Manuel Emch, CEO of Romain Jerome.

‘UAE Economy Strong’ – Central Bank Governor

Sultan bin Nasser Al Suwaidi says that the banking sector in the country has stabilised and lenders have a solid capital base.

Revealed: Top 10 Companies In The UAE

The biggest businesses in the United Arab Emirates.

UAE’s Etisalat Backs Saudi Unit After SIM Ban

Etisalat’s Saudi unit, Mobily, has been banned from selling pre-paid SIM cards by the Kingdom’s regulator.

Revealed: Top 10 Companies In Oman

Banks form the majority of the top companies in the Gulf State.

Kuwait Finance House Eyes 20% Capital Hike

The potential increase will boost KFH’s capital to $1.24 billion.

Aston Martin In Quick Mahindra Deal

The British maker of James Bond’s cars could be Indian-owned by the end of the week.

Head Of Bank Of America Merrill Lynch Leaves

A string of top managers have left the US lender’s MENA business this year.

Smartphone Trends To Watch Out For Next Year

As competitors jostle for tight market space, smartphones are set to revolutionise in 2013.

Dubai’s Economy Grows 4.1% In First Half Of 2012

Booming tourism made up for the slow down in growth in foreign trade.

Samsung, Shanghai Electric Win $3bn Saudi Water Plant Deal

The new plant, called Yanbu III, will have a capacity of 550,000 cubic metres per day of desalinated water.