DP World 2014 Gross Container Volumes Up 8% Like-For-Like

Gross volumes totalled 60 million 20-foot equivalent units (TEU) in 2014, driven by new developments in Britain and Brazil.

Saudi Non-Oil Business Growth Almost Unchanged In January

The seasonally adjusted SABB HSBC Saudi Arabia Purchasing Managers’ Index was 57.8 points in January against 57.9 in December.

Dubai’s Arabtec Says Wins Contracts Worth $102m

Both contracts are for construction of residential villas in Dubai to be delivered in 2016, the company said.

Al Jazeera Journalist Relieved To Be Free, Calls For Release Of Colleagues

Australian Peter Greste was released on Sunday after 400 days in a Cairo jail while his colleagues still remain in jail.

Qatar Air Mulls Halting Japan Service Over Slots Row

The airline is “in the final stages of deliberations” about whether to withdraw the three daily services, a source said.

Saudi Arabia Has Helped Save British Lives – PM Cameron Says

Cameron said that Saudi is a valuable partner of the West in the region and has helped in the fight against terrorism.

OPEC+meeting

OPEC Delegates Cautious Over Oil-Price Rebound

Some OPEC members say that prices are likely to remain high in the first half of this year.

Dubai Sugar Refinery Back Shipping To Iraq After Disruption Last Summer

Al Khaleej’s supply to Iraq was affected last summer as conflict in the country escalated with IS overrunning Mosul.

Dubai Financial Market Q4 Net Profit Rises 31%

DFM’s full-year profit rose 167 per cent to Dhs759.3 million.

New Rules To Align UAE Insurers With European Solvency Requirements

The rules clarify policyholders’ rights and setting investment limits for the sector.

UAE’s FNC Calls For Lower Petrol Prices

A member of Federal National Council is expected to take up the issue of high fuel costs in the UAE in the backdrop of crude prices.

Dubai’s DAMAC Sees Property Price Pause In 2015, Gains After

Prices are expected to fall thanks to increased property sales taxes, stricter mortgage rules and a lack of affordability.

RAKBANK, Kalyan Jewellers Launch ‘Goldback’ Credit Card In UAE

The credit card offers users between three to seven per cent goldback on purchases made locally and internationally.

Egypt Court Sentences 183 Muslim Brotherhood Supporters To Death

The men were convicted of playing a role in the killings of 16 policemen in the town of Kardasa in August 2013.

New Sugar Refinery To Start Operations In Saudi Arabia By End-2017

At full capacity, Al Reef is expected to refine 3,000 tonnes of sugar a day, and plans to export two thirds of its production.

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.