Bahrain Sovereign Fund Wants To Double Assets Under Management In 7 Years

The fund is seeking targets in Europe and the U.S., and select markets in the Far East, across multiple sectors including logistics and industrials.

Iran Denies Military Advisors Captured In Yemen

Local militiamen in Aden said on Saturday they had captured two Iranian military officers advising Houthi rebels.

IEA Sees Sharp Rise In Iran Oil Output In 3-5 Years Post Nuclear Deal

There may not be a big growth in Iranian oil production immediately as Tehran’s huge fields have not been maintained well due to the sanctions, an official said.

Iran Aims To Export Natural Gas To Kuwait, Official Says

Iran gas exports to Kuwait could be operational if a contract is signed, a senior official said.

Dubai Govt Launches Dhs600m SME Fund For Emirati Entrepreneurs

The fund will offer between Dhs50,000 and Dhs5 million to start-ups and existing businesses in Dubai.

Saudi Arabia Dismisses Iran Calls For Yemen Ceasefire

Saudi and its Arab allies began air strikes against Iranian-allied Houthi militia fighters in Yemen more than two weeks ago.

Egypt Sentences Muslim Brotherhood Leader Mohamed Badie, 13 Others To Death

The sentences, pronounced at a televised court session on Saturday, can be appealed before Egypt’s highest civilian court.

Dubai’s Financial Court System Seeking Ties With China

Discussions had begun with court officials in Shanghai confirmed DIFC Courts’ Registrar Mark Beer.

Air Strikes Kill Eight Civilians In Yemen

The air raids were reportedly aimed at a site held by soldiers loyal to former Yemeni President Ali Abdullah Saleh.

Chalhoub Group, Marka And Jumeirah To Open In Dubai Design District

Many global designers including Rami Al Ali, Furne One Amato and Michael Cinco are also establishing their presence in the project.

Rules Needed On Yacht Gimmicks In Dubai Property Market – Alabbar

Mohamed Alabbar said there needed to be additional controls on local property companies when it came to attracting foreign investors.

Saudi Market Regulator Halts PetroRabigh Shares For Disclosure Rule Breach

The suspension would remain in place until the company meets regulatory requirements on disclosure, the CMA said.

UAE Bank NBAD Targets Africa, Asia For Wealth Management Growth

NBAD has been focusing on growing its fee-paying businesses such as wealth management as it aims to offset high levels of competition in traditional banking products.

Abu Dhabi’s Aldar Starts Construction On Ansam Project In Yas Island

The project is currently the only residential development on Yas Island that is available for sale to expatriates.

UAE Hits Out At Pakistan’s Neutral Stand In Yemen Crisis

UAE Minister Anwar Gargash has criticised Pakistan for not sending military assistance to the Saudi-led coalition fighting Yemen’s Houthi militants.

Saudi King Relieves Health Minister, Second In A Month

Mohammed bin Abdulmalik bin Abdullah Al Al-Sheikh will be acting health minister, state news agency SPA said.

Sheikh Mohammed Approves Plans For Dubai Metro’s Red Line Extension

The project will extend the Red Line to the Expo 2020 site and will add 15 kilometres in length and seven stations.

Houthi Mortar Shell Kills Three Saudi Officers On Yemen Border

The statement was given by Saudi’s defence ministry.

Middle East State Spending Throws Lifeline To Oilfield Services

While global investments are expected to fall by around 20 per cent in 2015 versus 2014, in Gulf countries the reduction is likely to be just 5 per cent.

Serbia Gives Go-Ahead To UAE Development Plan For Belgrade

The project includes the construction of 5,700 apartments, 2,200 hotel rooms, offices for 12,700 people, a shopping mall and a 200-metre tower.

Saudi Authorities Catch Police Shooting Suspect

Police found the weapon and car used for the shootings at the home of Rami Abdullah Thulab al-Shammari.

Review: Tonino Lamborghini 88 Tauri

Tonino Lamborghini’s limited edition device seems more style than substance.

Iran Summons Saudi Envoy Over Houthi Remarks

Iran’s Foreign Ministry said the envoy was summoned over the “baseless accusations” by Brigadier-General Ahmed Asseri.

Biggest Gulf Hedge Fund Launch For 5 Years Eyes Ethical Bets

Kothari Investment Partners is looking to appeal to a broader investment base, including ethical investors in Europe.

Saudi Oil Minister Adviser: Annual Oil Demand Seen Growing To 1m bpd

The increase is in line with the growth in world consumption, which is likely to increase to 105 million bpd in 2025.

Emirates To Launch A380 Daily Service To Copenhagen

The airline will deploy its two-class configured A380 from December 1, 2015 on this route, significantly increasing capacity.

Mohamed Alabbar to acquire stake in YNAP from Richemont

Mohamed Alabbar: Other Board Roles Not Affecting Emaar

The Emaar chairman has refuted allegations that his role on the board of other property companies is causing a conflict of interest.

Iran’s Khamenei Says Saudi Air Strikes In Yemen Causing Genocide

Iran’s Supreme Leader Ayatollah Ali Khamenei called for Saudi Arabia’s actions in Yemen to be tried in international courts.

Dubai Refiner ENOC Marketing $1.5bn Long-Term Underwritten Loan – Sources

The syndication phase was launched on Wednesday and will allow additional lenders to join in the facility.

Dubai’s Nshama Awards Town Square Service Contract To Binladin Group

Saudi-based Binladin is the first company to win a contract for the mega 31 million sq ft Town Square development in Dubai.