Qatar, Saudi, Kuwait Among Top 10 Nations Globally For Luxury Spending

Wealthy individuals in the three GCC nations especially spend on imported luxury goods and premium travel, finds new report.

Croatia Mulls Loan From UAE To Refinance Costly Debts

The loan could be worth around $2 billion and enable the EU member to refinance debt.

Sheikh Mohammed Launches Museum Of The Future In Dubai

The museum will produce futuristic inventions and support the UAE’s goals to be the most innovative country in the world.

Dubai’s Nakheel Says 90 Villa Units Delivered At Jumeirah Village Circle

The Jumeirah Village Circle villas project, launched in December 2013, sold for a combined value of Dhs275 million.

Emirates Says Has Had Extensive A380neo Discussions

Emirates has said it would look at placing an order for up to 200 A380neo jets to replace its current fleet and drive further expansion.

Mobily Shares Surge On Hopes For Indirect Government Support

The Saudi telecoms operator’s stock had been suspended for a week until Thursday.

Qatar’s Doha Bank Gets Shareholder Assent For Tier 1, Bond Plans

The sale of the bonds will take place no later than June 30.

Analysis: Eurowings To Start Low-Cost Dubai Flights

How will Eurowings’ new low-cost Dubai services fare next winter?

Saudi’s Al Tayyar Travel To Hike Capital 33% To Support Growth

The company will increase its capital to SAR2 billion by issuing one bonus share for every three shares held.

UAE Warns Citizens Against Travel To India Over Swine Flu Fears

The ministry has urged Emiratis who are currently in India to avoid swine flu –affected areas.

Dubai’s Emaar Properties Proposes 15% Cash Dividend For 2014

The board recommended Dhs0.15 per share to shareholders, the same as the cash payout proposed for 2013.

Emirates Airline President Sees Low-Cost Consolidation In Asia

Clark’s statement comes amidst intense price competition in southeast Asia that has made life tough for carriers.

Falcon Private Bank Eyes Acquisitions As Industry Consolidates

Abu Dhabi-owned Falcon said that it will be open to deals in core markets such as the Gulf, Eastern Europe, Africa and South East Asia.

Qatar Airways Interested In More Airline Stakes

Qatar Airways bought a 9.99 per cent stake in International Consolidated Airlines Group (IAG) in January.

Etihad To Start Daily A380 Service To New York From December 1

The Abu Dhabi carrier currently flies the jumbo jet to London, and will soon begin A380 services to Sydney.

Dubai’s Deyaar Awards Construction Contract For Atria Project

The contract was awarded to construction firm Al Rostamani Pegel.

Emirates NBD Schedules Investor Meetings Ahead Of Potential Bond

The lender has picked six banks to arrange investor meetings across Europe starting Monday.

Bahrain’s Sheikh Salman Set To Win Asian Football Presidency Unopposed

Sheikh Salman will also secure himself a term as vice-president of soccer’s world governing body FIFA.

Abu Dhabi To Shut Two LNG Trains For Maintenance From March 15

The two 1970’s-built trains have a combined capacity of 2.1 to 3 million tonnes per annum.

Bank of Khartoum To Open First Gulf Branch In Bahrain

Bank of Khartoum has applied for a branch licence and is hoping to finalise the process of obtaining it within weeks.

Qatar Air Receives Second Airbus A350

Qatar Airways has ordered 80 of the newest European long-haul jet, which is designed to compete with Boeing 787 and 777.

Saudi Arabia Expects Oil Price To Stabilise

The minister said that the Kingdom wanted the market to stabilise but said it will not subsidise higher cost producers.

Ras al-Khaimah Eyes Sovereign Sukuk Issue – Sources

Any issue would be received well by investors as the emirate derives substantial support for being part of the UAE.

GCC Rail Completion Date Could Be Pushed To 2020 – UAE Minister

The UAE and Saudi Arabia are thinking of beginning their partial operation of the network by 2018, said the country’s minister of public works

Revealed: Top 10 Cities Offering The Best Quality Of Living

Dubai retains the top spot in the MENA region, while Vienna is named as the best globally.

Two Malaysians Identified In ISIL Beheading Video From Syria

Mohd Faris Anuar and Muhamad Wanndy Muhammad Jedi, aged 20 and 25 respectively, were identified as the men involved in the beheading of a Syrian man.

Saudi Shipper Bahri Plans SAR3.9bn, 10-Year Sukuk Issue

The facility will be used to repay debt and for general business purposes.

Abu Dhabi, Japanese Firms In $300m Steel Pipe Venture

The facility, at Abu Dhabi’s Khalifa industrial zone, will produce 240,000 tonnes of sour grade steel pipes.

Oman’s PDO Ups Crude Output Above 2015 Plans

PDO’s production in January and February exceeded the planned average for the year as a whole.

Dubai’s Nshama Launches Dhs1m Townhouses In New Mega Project

The recently launched Town Square project is slated to be completed over 10 years, with phase one set to be ready by end-2017.