Kuwait Pulls Licence Of Company That Publishes Critical Newspaper

Al-Watan was one of two newspapers suspended by a judge for two weeks last year.

Doha Bank Q4 Net Profit Rises 6.1%, Misses Forecasts

Net profit for 2014 gained 3.1 per cent year on year to QAR1.35 million.

UK Minister Says Deplores Saudi Activist’s Flogging, Plans To Raise Matter

Saudi has come under pressure from Western countries over its punishment of activist and writer Raif Badawi.

Etihad And Alitalia Unveil Network Details

Sicily set to be the fifth Italian destination connected to Abu Dhabi

Aabar Investments Inks Deal With Manchester City Women’s Football Club

As part of the deal, Aabar will sponsor the team’s pre-season training camp and receive a certain portion of match-day advertising.

Samsung Launches Galaxy A5, A3 In UAE, Targets Young Buyers

Samsung’s slimmest smartphones to date, the A5 and A3 are priced at Dhs1499 and Dhs1099 respectively.

Oil Steady At $49 After IMF Cuts Growth Forecast

Global growth is projected at 3.5 per cent for 2015, the IMF said, reducing its forecast by 0.3 percentage points.

Saudi Aramco To Cut Drilling Costs, Hold Rig Count Steady

Aramco deployed 210 oil and gas rigs in 2014.

National Bank Of Kuwait’s Q4 Net Profit Rises 46%, Misses Forecasts

Net profit for 2014 was KD261.8 million, up around 10 per cent from 2013.

Middle East M&A Deals Up 23% In 2014

The region’s deal values were mainly driven by outbound M&A activity, a report says.

Dubai’s Property Market Will Be Driven By Homeowners – Emaar’s Alabbar

The emirate’s real estate market is also seeing a growing demand for affordable luxury homes, he said.

What Will The Samsung Galaxy S6 Look Like?

The next generation smartphone from Samsung is expected to be launched during the upcoming Mobile World Congress.

UAE, France Ink Deal To Fund Renewable Energy Projects

The countries are looking to announce their first project this year and are currently reviewing project proposals in the Middle East, a joint statement said.

Facebook Report Says It Adds More Than $200bn To Global Economy

The social networking site said that it generates a lot of real economic activity through its pages, which are used by businesses to advertise themselves and through games.

UAE Central Bank: Business Credit Demand To Rise This Quarter

Around two-thirds of respondents expect demand for business credit to accelerate in the current quarter, with growth in Dubai likely to be strongest.

Saudi Telecom Appoints Khalid Bin Hussain Biyari As CEO

Biyari’s current roles include senior vice president for technology and operations, and vice chairman of affiliate Viva Kuwait.

Twitter Buys Indian Mobile Marketing Start-Up ZipDial

Bengaluru-based ZipDial gives clients phone numbers for use in marketing campaigns.

Saudi’s Tasnee Q4 Net Profit Drops 46.5% As Petchem Prices Weigh

The company made SAR160.7 million($42.8 million) in the last quarter of 2014.

UAE Energy Minister: Lesson Of Oil Price Drop Is Diversification

Oil prices have dropped almost 60 per cent since June 2014, when they stood at $115 per barrel.

Around 46% Of UAE Residents Say Living Costs Outpace Salaries

The rising cost of living is among the factors impacting UAE residents’ plan to save for their retirement.

Saudi Arabia’s Nuclear, Renewable Energy Plans Pushed Back

The country was initially looking to install 17 gigawatts of nuclear power and 41 gigawatts of solar capacity by 2032.

Saudi’s Al Tayyar Travel Q4 Net Profit Up 13.5% On Sales Jump

The company made a net profit of SAR236 million ($62.9 million) in the last quarter of 2014.

Bahrain Opposition Leader To Go On Trial On Jan 28

Sheikh Ali Salman is facing four charges including promoting regime change by force, his defence lawyer said.

Dubai Refiner ENOC Says Seeking $1.5bn Long-Term Loan

The company said that the loan was for general corporate purposes.

Saudi Telecom Posts 32.6% Q4 Net Profit Slump, Raises Dividend

The firm made a net profit of SAR2.44 billion ($649.8 million) in the last quarter of 2014.

Qatar’s Emir To Attend Egypt Economic Summit, Sources Say

Qatar’s role as a host to exiled Brotherhood leaders has irritated Egypt, which considers the group a political threat.

Oil Prices Slip On Record Iraq Output

Oil prices have dropped by more than half since last June as output around the world has soared while demand growth has slowed.

Saudi Arabia Climbs To 2 On Logistics Index

The UAE, Oman and Saudi Arabia also ranked favourably in the Agility Index for their infrastructure and transport links.

Abu Dhabi Developer TDIC Confirms CFO Departure

TDIC’s deputy finance head Matt Matharu is currently serving as acting CFO, a spokesman said.

Air Arabia To Begin Services To China

The budget carrier will fly to Urumqi thrice a week on Tuesdays, Fridays and Sundays, from February 1 this year.