Kuwait Sovereign Fund Says Cutting U.S. Investments, Raising Europe

Osama al-Ayoub said the fund was going overweight on Europe because of the European Central Bank’s decision in January to use quantitative easing.

Samsung Unveils Galaxy S6 And S6 Edge Smartphones

The South Korean manufacturer has released two versions of its latest flagship device, one utilising curved screen technology.

Abu Dhabi’s NBAD Says Not Interested In Citi’s Egypt Assets

The bank’s CEO said that the lender is targeting organic growth in the country and globally.

Egypt’s Sisi Meets New Saudi King To Discuss Middle East Crises

King Salman broke official protocol to meet Sisi at the airport.

Oman To Issue First Sovereign Sukuk By Mid-2015 – Central Bank Chief

The Islamic bond will help finance a budget deficit caused by the plunge of oil prices, Hamood Sangour al-Zadjali said.

Egypt Election Committee Working On New Poll Timetable

President Abdel Fattah al-Sisi directed his government to amend the article within one month.

First Look: Hyatt Regency Dubai Creek Heights

The two-tower complex – split between 464 hotel rooms and 405 apartments – overlooks Dubai Healthcare City.

Reem Island Suspect Referred To UAE Supreme Court

The suspect, Alaa Bader Abdullah, is charged for murdering Ibolya Ryan and placing an explosive at the doorstep of another Abu Dhabi resident.

Cisco Wins Tender To Develop ICT Masterplan For Dubai Design District

Dubai Design District expects to launch 130 smart initiatives over the course of its development.

Big Abu Dhabi Industrial Group Senaat Considers IPO For Unit

State-owned Senaat confirmed that it has shelved plans to go public.

Eiffel Management Buys Out DIB’s Stake In Emirates REIT

Following the deal, Eiffel Management will own 100 per cent of REIT manager’s total issued share capital.

Egypt Court Ruling Opens Way For Possible Election Delay

Egypt has been without a parliament since June 2012.

Saudi Kayan Says President Resigns

The company said that the resignation will take effect from March 31.

Saudi’s ACWA Power Gets $344m Loan For Dubai Solar Project

The solar plant was ordered by Dubai Electricity and Water Authority and will have a capacity of 200 megawatts.

Bahrain Charges 17 Bombing Suspects

The group had set off bombs in the island kingdom’s Maqaba, Al-Janabiya, Budaiya and Qarya vilages.

Top 10 Most Popular Smartphones In UAE In Q4 2014

Apple’s iPhone 5s continues to top the list, according to the latest figures released by the UAE’s telecoms regulator TRA.

Abu Dhabi’s Gulf Capital Sees 4-6 Acquisitions This Year

The official also said that the company did not have any plans for an IPO.

Hilton Signs Up Three More Garden Inns

Hilton Garden Inn Dubai Al Jadaf becomes the brand’s fourth Dubai project

Sharjah Utility Raises $500m Loan For Expansion

The new five-year facility was structured and arranged by Kuwait Finance House and GIB Capital.

Saudi Aramco Senior VP Buainain Steps Down-Sources

Khalid al-Buainain took early retirement for personal reasons and his departure will take effect on Sunday.

Abu Dhabi To Slap Dhs2000 Fine On Illegal Use Of Balcony Satellite Dishes

The emirate has an existing law that prohibits more than four satellite dishes on rooftops or any on balconies, walls or garden fences.

Oman’s Stock Exchange Reports Technical Issue

It did not say when it expected to fix the problem, stating that efforts were in progress to rectify it as soon as possible.

UAE And Kuwait To Reopen Embassies In Yemen’s South, Backing Hadi

Yemen’s president Hadi, who was forced to resign by Houthis, fled to Aden where he has set up a new seat of power.

Qatar’s Mannai Working On Two Foreign Acquisitions – CEO

The company is looking outside the Middle East for deals in areas excluding real estate, construction, fast-moving consumer goods and marine sectors.

Oman’s Bank Dhofar Gets Shareholder Assent For Capital Plans

Should Bank Dhofar sell a Tier 1 bond, it would be the first such issue by an Omani bank.

Cricket: Ashwin Has UAE In A Spin At Bouncy Perth

Ashwin came on early and bowled unchanged for his 10-over spell, picking up four for 25 to inspire India to a nine-wicket victory.

Qatar World Cup 2022: Time For Compromise Not Confrontation – Gill

Gill backed Blatter on FIFA 2022 dates, agreeing that the final cannot be held later than December 18.

Rowan Says Expects Saudi Aramco To Keep Employing Its Rigs

Rowan said it was in talks with Saudi Aramco to extend contracts for four of its drillships and was looking to win contracts for three jack-up rigs.

Qatar Sovereign Fund To Buy Rest Of Prime Milan Property Area

As per the deal, Qatar Holding will buy the 60 per cent of Porta Nuova it does not already own for an undisclosed sum.

Shell’s Qatari GTL Plant Starts Two Month Partial Maintenance

Pearl GTL can produce 140,000 barrels per day of gas-to-liquids products and 120,000 barrels per day of natural gas liquids and ethane.