Dubai’s Emaar Says Not Part Of Egypt’s Capital City Project

The company said in a Dubai bourse statement on Monday that it was not involved in developing the planned new capital to the east of Cairo.

Yemen Militia Leader Says Holding Indirect Talks With Saudi Arabia

It is the first known dialogue between the Shi’ite Muslim group and the neighbouring Sunni country since Houthis took over last year.

Sisi Confident After Investment Summit; Now For The Hard Part

Egypt’s prime minister said investment deals worth a total of $36 billion were signed at the summit.

Landmark’s iCARE Clinics To Invest Dhs150m In UAE Expansion

The group aims to operate a total of 20 clinics in the country within the next three years.

Sisi Says Egypt Needs $200-$300 Billion To Develop

Egypt, which has a population of about 90 million, has been hit hard by economic and political upheaval.

Egypt Signs MoUs With Arab Property Developers For $12.7bn In Projects – Minister

The housing ministry signed MoUs with Egypt’s Mountain View and Palm Hills, Saudi Arabia’s Sisban Holdings and a consortium of Arab firms.

Masdar, ACWA Power Ink Deal For Renewable Energy Projects In Egypt

The firms are looking at developing renewable projects with a capacity of 2 GW in Egypt.

Dubai’s DSI Forms $108 JV To Provide Plumbing Services For Dubai Project

The HLS – DSE JV will work under the main contractor of the project, the Habtoor Leighton Group (HLG), to deliver the MEP works of the project.

After Saudi Feud, Sweden Debates A “Feminist” Global Role

Sweden cancelled a defence cooperation accord with Saudi Arabia last week over rights concerns.

Oil Prices Stabilising, Will Continue To Firm Up – Saudi Adviser

Saudi oil adviser Ibrahim al-Muhanna said he was optimistic about crude oil demand growth, and expected future supply to be “healthy”.

Exclusive: Nakheel Head Justifies Fee Hike For Property Extension

The developer has not breached its contract, states Ali Rashid Lootah, chairman of Nakheel.

Bahrain’s GFH Proposes Capital Cut, No Dividend For 2014

The firm plans to reduce the number of shares by 40 per cent instead of cutting their nominal value.

UAE To Build Egypt’s New Capital City

Capital City Partners, a private real estate investment fund headed by Emaar Chairman Mohammed Alabbar, will build the new Egyptian city.

UAE’s Majid Al Futtaim Says To Invest $590m More In Egypt

The new projects include development of four shopping malls and other facilities in greater Cairo, and the introduction of VOX cinemas over the next five years.

Qatar PM Sees Economic Growth Up To 7% This Year

Inflation this year in Qatar is expected to be three per cent, the prime minister said.

Dubai Water Canal Project’s Phase 1 Almost 40% Complete- RTA

Phase II and III of the project are 25 per cent and 15 per cent complete respectively, a senior official said.

Egypt Sacks 41 Judges For Supporting The Brotherhood – Sources

Egyptian law prohibits judges from engaging in politics but critics say the authorities turn a blind eye to those judges supporting the current leader.

U.S. Embassy In Saudi Arabia On Heightened Security

The embassy had warned last week that Western oil workers in Saudi Arabia may be the target of militant attacks in the coming days.

UAE’s Dana Gas To Invest $350m In Egypt

The investments include drilling nearly 40 new development wells, a similar number of workovers on existing wells, building new pipelines and debottlenecking an existing plant.

Gulf Arab Allies Pledge $12bn To Egypt At Summit

Kuwait, Saudi Arabia and United Arab Emirates each offered $4 billion to Egypt.

EU To Address Competition Concerns In Gulf Aviation Agreement

France and Germany have urged a Commission to look at an aviation agreement with Gulf carriers over subsidy concerns.

ADNOC Sells Naphtha From Expanded Ruwais Refinery Below Market Price

This was ADNOC’s first naphtha spot sale after the expansion of its Ruwais refinery, where capacity has been more than doubled.

Saudi Kayan Petrochemical Extends Olefins Unit Shutdown

In a bourse filing, the company said repairing the fault was expected to be completed within 10 days.

U.S. Warns Of Possible Attacks On Western Oil Workers In Saudi Arabia

The message from the US did not identify the militants or the group they belong to.

Saudi Aramco Nears $10 bn Loan Deal At Tight Pricing – Sources

The cash replaces an existing $4 billion five-year loan due to mature later this year which Aramco uses as a back-up facility.

Qatar National Bank Closes Syndication Of $3bn Loan

The deal is QNB’s biggest syndicated loan to date and proceeds will be used for general corporate purposes.

Goaded By Governments, Gulf Firms Prepare For Egypt Push

The international investment summit in Egypt is expected to see domestic and foreign investments worth up to $12 billion.

Review: BlackBerry Classic

The aptly named Classic is the latest device out of the struggling phone maker’s stables, but one that really harks back to the good times.

Ras Al Khaimah Picks Banks For April Sukuk Sale – Sources

A deal from the emirate is expected before the end of April, three sources told Reuters earlier this month.

Saudi Twitter Whistleblower Returns After Account Suspension

The mysterious twitter user, who uses the handle @Mujtahidd, said he wants to expose corruption, injustice and hypocrisy.