Bullets Hit Flydubai Passenger Jet At Baghdad Airport

An aviation official and a security official told Reuters that two passengers were lightly injured but the airline has denied such reports.

Saudi Aramco CEO To Renegotiate Some Contracts On Low Oil Price

The official said that the company will postpone few projects to the future while planning to stretch some works due to low oil prices.

Etihad To Employ More Than 6,000 Emiratis By 2020

The airline is partnering with a number of government organisations and educational institutions to recruit UAE nationals.

Aramco CEO Says Oil Market Imbalance Has Nothing To Do With Saudi

The fair oil price will be one that balances supply and demand, the chief executive said.

Obama Includes Republicans In Delegation To Meet New Saudi King

US President Barack Obama will fly a 30-member delegation to Riyadh on Tuesday.

Saudi Arabia Still On Track To Open Stock Market In H1 – CMA

The regulator is expected to issue a final version of regulations covering the opening “very soon”.

Kuwait Slashes Spending Plan, Sees Big Deficit In 2015/16 Budget

The draft budget for the year starting in April envisages spending of KD19.07 billion, down by 17.8 per cent.

Saudi Economic Reforms Must Focus On Efficiency – Minister

Economy and Planning Minister Muhammad al-Jasser said economic reforms would continue under Saudi’s new king, Salman.

Qatar Petroleum To Absorb Investment Unit In Sign Of Consolidation

Qatar Petroleum International was formed in 2007 as the foreign investment arm of the firm.

Emaar Properties Targets Q2 For $270m Egypt Unit Float

Emaar Misr has a portfolio of investments in Egypt worth around 53 billion pounds.

Oil Steadies After OPEC Says Prices May Have Bottomed

Oil prices have lost nearly 60 per cent in value since last peaking in June 2014.

Qatar’s Masraf Al Rayan Q4 Net Profit Up, Hikes Dividend

Masraf Al Rayan said its net profit for 2014 was QAR2 billion, up 17.6 per cent year-on-year.

Kuwait’s Zain Says Iraq Court Rejects $4.5bn Claim Against Firm

Unnamed claimants filed a lawsuit against Zain over its 2007 acquisition of an Iraqi telecom operator.

OPEC Head Expects Some Oil Price Rebound Soon, Warns Of Future Spike

OPEC Secretary-General Abdullah al-Badri said oil prices may have reached a floor.

Abu Dhabi’s Aabar Gets Nod To Buy 100m More Shares In Arabtec

Should it buy the permitted number of shares, Aabar’s stake would rise to 37.27 per cent.

Abu Dhabi Rents Rose 11% In 2014, Expected To Slow In 2015 – JLL

Dropping oil prices are anticipated to lead to a slowdown in rents and property prices this year, says JLL report.

NMC Health Planning To Dual-List In Abu Dhabi This Year

Three Abu Dhabi firms have listed in London since 2013: Al Noor Hospitals, Gulf Marine Services and NMC Health.

Oil Prices Fall On Market Relief Over Saudi Policy

King Salman has retained veteran Saudi oil minister Ali al-Naimi, in a message aimed at calming a jittery energy market.

Bahrain’s New Tenancy Regulations May Hamper Property Market Growth – Cluttons

Under new rules, set to be unveiled in February, it is proposed that rent increases will only allowed at contract renewal.

Dubai’s Al Maha Ranks Among TripAdvisor’s Top 10 Hotels For 2015

The desert resort ranked eighth among the world’s top 25 hotels as decided by TripAdvisor’s annual Travellers’ Choice awards.

Oman’s EHC Picks Advisors For Muscat Power Firm Privatisation

The consortium, led by Canada-based CPCS Transcom International Limited, will start the study this month.

UAE Economy Minister: Expect Oil To Start Recovering By Mid-Year

Sultan bin Saeed al-Mansouri, speaking with Brent crude at about $48 per barrel, did not elaborate on why he expected the recovery.

Abu Dhabi Bourse CEO Says Most London-Listed Local Firms Agree Dual-Listing

Three Abu Dhabi firms have listed in London since 2013: Al Noor Hospitals, Gulf Marine Services and NMC Health.

Stock News: Gulf Markets Retreat As Oil, Global Stocks Fall

Brent crude traded just above $48 per barrel as Greece’s election results put pressure on oil and global equities.

Malaysia Airlines Website Targeted By Hacker Group “Cyber Caliphate”

In a statement, MAS said the website was not hacked, but that users were redirected to a hacker website.

Oman’s ORPIC Began 29-Day Maintenance On Sohar Refinery On Sunday

The maintenance is not expected to have any effect on the local market, ORPIC’s CEO said.

Qatar Utility QEWC Q4 Net Profit Gains 9.3%, Beats Estimates

The state-run utility made a profit of QAR360.5 million ($99 million) in the three months to Dec. 31.

Talks To End Yemen’s Political Crisis Falter

President Abd-Rabbu Mansour Hadi resigned on Thursday after Houthi fighters crushed his presidential guards and deployed outside his home.

At Least 17 Killed In Protests On Anniversary Of Egypt Uprising

Protesters marked the anniversary of the 2011 uprising that toppled Hosni Mubarak.

Oil Falls After Greek Election Sends Euro Tumbling

Global financial markets reacted to the Greek election on Monday with the euro dropping to near an 11-year low against the dollar.