Dubai Developer Damac Considers London Tower Investment

The project in central London comprises 450 residential units as well as Grade A offices and retail space.

UAE March Non-Oil Business Growth Slows To 17-Month Low

Output growth dropped, while new order growth also slowed, found the HSBC UAE Purchasing Managers’ Index.

Saudi Non-Oil Business Growth Hits 6-Month High In March

The Saudi government has continued spending heavily on economic development and welfare projects despite the plunge of oil prices since last June.

UAE Fighter Jets Launch Airstrikes In Yemen Following Death Of Saudi Soldier

UAE fighter jets struck a surface-to-air missile base and a radar site in Marib.

Abu Dhabi Industrial Group Senaat Posts 5% Profit Rise In 2014

Senaat’s revenue increased by 16 per cent to Dhs13.4 billion in 2014.

Oman Gives Gulf’s Warmest Welcome To Iran Framework Deal

Oman was a key intermediary when Tehran and Washington launched secret talks on a possible nuclear deal in 2013.

Obama, Calls GCC Leaders, Makes Case For Iran Deal

Obama also invited the Gulf leaders to meet with him at Camp David this spring to discuss the tentative deal.

Arabtec Profit On Egypt Project Won’t Exceed 7.5%

The company agreed terms last week with Egypt for the first phase of a $36.7 billion plan to construct one million homes across the country.

Bahrain Arrests Activist Nabeel Rajab Over Tweets

Rajab, founder of the Bahrain Centre for Human Rights, is appealing after being convicted in January of publicly insulting two state institutions.

Saudi Ambassador To US Says No ‘Formal’ Ground Troops In Aden

Sending troops in the future remains a possibility, he said.

Saudi Bank Aljazira Names Advisers For $800m Rights Issue

The rights issue will be used to strengthen its capital base and finance its activities, the bank said.

US Ready To Provide Aerial Refueling To Saudi Arabia

A senior U.S. military official said the US was helping Saudi keep an eye on Houthi forces and monitor the Saudi border with Yemen.

Kuwait’s Kufpec Says It Has Raised Additional $1.5bn Loan

The new funding will be used to finance the company’s current and future projects and international expansion plans.

Senegal President Asks Saudi-Based IDB To Help Organise Sukuk Bond

Senegal aims to issue between $500 million and $1 billion in debt on international markets this year.

Saudi-Led Coalition Airdrops Arms To Aden Forces

The light weapons, telecommunications equipment and rocket-propelled grenades were dropped over Tawahi.

Iran, World Powers Reach Initial Deal On Reining In Tehran’s Nuclear Programme

The tentative agreement is contingent on reaching an agreement by June 30.

Potential Loopholes Could Limit Impact Of Saudi Land Tax

One area of uncertainty is the minimum size of land to be taxed, and whether the tax will apply only to completely undeveloped land.

Is Dubai The Gulf’s New Creative Hub?

With swelling advertising budgets and projects such as the Dubai Design District, the emirate is pitching its creative credentials.

Middle East Funds Moving To Cash As Risks Rise -Survey

It is the first time since the survey was launched in September 2013 that the bears outweigh the bulls for both equities and fixed income simultaneously.

Mohamed Alabbar to acquire stake in YNAP from Richemont

Emaar Chairman’s Outside Deals Stir Investor Unrest

Speculation persists that Mohamed Alabbar and Emaar could soon part ways despite a categorical denial from the firm last month.

Etihad Purchase Of Darwin Stake Gets Swiss Approval

The Abu Dhabi carrier agreed to buy a 33.3 per cent stake in Lugano, Switzerland-based Darwin at the start of 2014.

Arabtec, Egypt Agree Terms On First Phase Of One Million Homes Project

The first phase will consist of 100,000 units to be built in Egypt’s El Obour and Badr districts.

Saudi Border Guard Killed By Gunfire From Yemen – SPA Agency

Corporal Salman Ali Yahya al-Maliki was killed in the border province of Asir.

Emaar Launches Dubai Mall-Linked Apartments In Downtown

Downtown Views will have 418 residences and will feature one, two and three-bedroom apartments as well as a collection of duplexes.

UAE’s Mubadala 2014 Profit Drops On Investment Income, Provisions

The fund said in a statement it made a net profit of Dhs1.04 billion in 2014, down from Dhs1.45 billion in the previous year.

Video, Pictures: Sandstorm In UAE, Saudi Arabia

Air traffic disruptions have been confirmed in Dubai and parts of Saudi Arabia.

UAE Sandstorm Disrupts Air Traffic In Dubai, Abu Dhabi

Many flights coming into Dubai from South Asia, Iran and the GCC region have been delayed or cancelled.

Carrefour Signs Up As First Retailer For Upcoming Legends Mall In Dubailand

The 300,000 sqft mall, located within the Living Legends development, is set for completion by the end of 2016.

Dubai’s Budget Airline Flydubai Begins Chennai Flights

The carrier will operate three flights per week to Chennai.

Bahrain’s BKIC Takes 10.8% Stake In Takaful International

BKIC bought 6.7 million shares of Takaful International valued at $1.52 million from Kuwait’s Osoul Investment Co, a statement said.