UAE’s NBAD To Meet Investors From Tuesday For Potential Dollar Bond

National Bank of Abu Dhabi will meet investors in Asia and Europe, it said.

Prince Alwaleed’s Alarab Channel Goes Off-Air Soon After Launch

The Bahrain-based channel said that programming ceased because of “technical and administrative reasons”.

Sun & Sand Sports To Create 500 Jobs Across GCC In 2015

Gulf Marketing Group, the parent firm of Sun & Sand Sports, said that it will create up to 1,000 jobs across its brands in 2015.

Dubai Developer Damac Q4 Profit Rises 11%

Damac’s 2014 full-year profit was $937 million, up from $641.5 million in 2013, the company said.

Investcorp Eyeing U.S. Growth, Falling Euro For Buys

The firm is best known in the global space for listing luxury goods brands, such as Gucci and Tiffany & Co, but has been increasingly branching out into other sectors.

Etihad’s Passenger Growth Up 23% In 2014

The airline said that it transported around 74 per cent of the 19.9 million passengers who travelled through Abu Dhabi International Airport last year.

Saudi Electricity To Pay $149m In Bonuses After King’s Order

The company added that the bonus paid to each staff member would not exceed SAR50,000.

Bahrain’s Investcorp H1 Net Profit Rises 5%

The Bahrain-based company made a net income of $45.3 million in the second half of 2014.

Saudi Prince Alwaleed-Backed Alarab News Channel Launches

The 24-hour Arabic language news channel, based in Bahrain, will have a specific focus on Saudi affairs.

Different Arab money

Saudi-Based IDB Extends Islamic Reinsurance For Apache’s Egypt Projects

The deal covers the Overseas Private Investment Corporation for its own insurance policy on the exploration projects of Houston-based Apache Corporation.

Egypt Frees Al Jazeera Journalist Greste, 2 Others Still Held

A security official said another journalist Mohammed Fahmy was expected to be released from Cairo’s Tora prison within days.

Saudi Aramco Stops Red Sea Deepwater Exploration Work

Aramco has put on hold its deepwater oil and gas exploration and drilling activities in the Red Sea because of high costs, sources said.

Kuwait’s Zain Q4 Net Profit Drops 35%, Misses Estimates

The former monopoly, which operates in eight countries in the MEA, made a net profit of KD33 million in the three months to Dec. 31.

Low Oil Prices To Spur More M&As In Oil & Gas Sector

The fall in oil prices and the decision of OPEC to not cut output in 2015 will spur M&As in the oil & gas sector this year.

Al Noor Hospitals Says No Plans To Dual List In Abu Dhabi

Al Noor’s confirmation comes after ADX chief said that most local firms listed in the London market had agreed to dual list in Abu Dhabi.

Stock News: Dubai Surges On Stronger Oil, Dividends, Saudi Payout

The Dubai benchmark jumped 4.5 per cent to close at 3,840 points, its biggest daily gain in six weeks.

Dubai’s Al Khaleej Says Has Enough Raw Sugar For This Year

The sugar refinery has 1.5 million tonnes of raw sugar, either stockpiled at the refinery or on its way to the refinery.

UAE’s Massar Solutions Postpones Floatation On Poor Demand

Less than half of the shares in the Dhs576 million IPO were taken up by investors for whom they were reserved, a report said.

Bahrain Beats UAE To Lead GCC For Economic Freedom On Global Index

However, Bahrain’s score fell while the UAE’s rose on the 2015 Index of Economic Freedom, released by Heritage Foundation and Wall Street Journal.

Saudi Kayan To Shut Several Units For Maintenance

The company, an affiliate of Saudi Basic Industries Corp (SABIC), will shut its olefins plant from Feb. 1 for almost five weeks, it said.

Dubai Police Says Efforts On To Ensure Tight Security For Expo 2020

The mega event is expected to welcome 25 million visitors, with the majority of them coming from overseas.

Abu Dhabi Bourse Suspends Three Stocks Over Technical Issue

The bourse said the issue had to do with ownership proportions.

New Saudi Regulator Says Market-Opening Plan On Track

Mohammed Al-Jadaan was named head of the Capital Market Authority in a cabinet resuffle by King Salman last week.

Saudi’s Almarai Chief Executive Resigns, New CEO Appointed

Georges Schorderet, previously the company’s chief operating officer, is taking over from Abdulrahman Al Fadley, a statement said.

Etihad Airways Launches First B787 Dreamliner Flight

CEO claims new widebody aircraft provides clear reduction in operating costs and carbon emissions

Dubai Investments Says Approves 60% Purchase Of Al Mal Capital

Dubai Investments previously said that it was close to two acquisitions, worth a combined value of Dhs400 million ($109 million).

DWC To Build Dhs120m Aerospace Supply Chain Facility

The facility will cater to the small and medium companies in the global maintenance, repair and overhaul (MRO) sector.

Abu Dhabi’s Waha Capital Q4 Profit Nearly Doubles

Waha made a net profit of Dhs142.1 million in the last quarter of 2014 compared to Dhs75.6 million in the same period a year ago.

ISIL Says It Has Beheaded Second Japanese Hostage Goto

In a show of defiance, prime minister Abe vowed to increase Japan’s food, medicine and other humanitarian aid for the Middle East.

Bahrain Revokes Nationality Of 72 On Security Grounds

A list published on the agency’s website included names of well-known Sunni and Shi’ite Muslim families.