Etihad Completes Alitalia Purchase

The deal is expected to give Etihad greater access to the fourth largest travel market in Europe.

UAE Central Bank Says To Study Margin Lending In Stock Market

In a brief statement describing discussions at the board meeting, the central bank did not elaborate on how the study would be conducted.

Warplane Downed In Islamic State-Held Eastern Syria

The Observatory, which monitors Syria’s war with a network of sources, said the pilot was believed to have an Arab nationality.

Stock News: Gulf Markets Edge Up In Early Trade; Real Estate Strong

Dubai’s main index was up 2.2 per cent at 3,802 points with property stocks dominating trade.

Saudi British Bank Recommends Bonus Share Issue To Boost Capital 50%

One bonus share would be issued for each two shares held, increasing the number of the bank’s outstanding shares to 1.5 billion from 1 billion.

Abu Dhabi Airport Reopens Southern Runway After Dhs830m Upgrade

The upgrade will allow the airport to handle wide body aircraft such as the A380 and the Boeing 787.

Australian Foreign Minister Hopeful Egypt Will Release Al Jazeera Journalist

Egyptian President Abdel Fattah al-Sisi suggested in November he was considering pardoning Greste and two other journalists of Qatar-based Al Jazeera television.

Saudi’s MMG Given Go-Ahead To Sell Suspended Shares Over The Counter

Shares in the company have not traded since July 2012, when they were suspended by the regulator after breaching rules relating to accumulated losses.

Over 1,000 Islamist Militants Killed In U.S Strikes In Syria

Activists say that the death toll since the military campaign was launched in late September was probably higher among the hardline Islamist insurgents.

Dubai’s Hotel Occupancy Rates Fall In October

Average occupancy fell by 0.3 per cent in October compared to the same period last year, a new survey showed.

Lau Family, Qatar To Boost Stakes In Lifestyle For $1bn

Qatar Investment Authority’s holding will total 22.8 per cent from purchasing 2.9 per cent of the company, a statement said.

Emirates To Begin Third Daily Service To Birmingham

The additional service will increase passenger and cargo capacity to and from Birmingham by 42 per cent, the airline said.

Arab OPEC Sources See Oil Back Above $70 By End-2015

The delegates said they may not see – and some may not even welcome now – a return to $100 per barrel any time soon, a price that was previously considered ideal.

Saudi Telecom To Book $166m Gain On Land Transfer To Government

The company originally announced in June that the government had seized a 1.05 million square metre plot in the Al Faisaliah district of Riyadh with a book value of SAR105.3 million.

Stock News: Gulf Stock Markets Mixed Early On After Oil Pulls Back

Dubai’s main index was down 0.4 per cent with trade focusing on real estate developers.

Saudi 2015 Budget Expected To Raise Spending Marginally

Saudi Arabia will continue spending actively on major strategic projects such as housing, transport and the construction of industrial cities, a newspaper said.

Oil Slides As Saudi Naimi Tells Market To Forget OPEC Cuts

Naimi also said the Saudis might boost output instead to grow their market share and that oil “may not” trade at $100 again.

IMF Says Drop In Oil Prices To Persist, Help Global Growth

The boost to the global economy would be between 0.3 and 0.7 percentage points above the Fund’s baseline world growth forecast of 3.8 per cent from October.

Horse Racing-Goodwood In Lucrative 10-Year Deal With Qatar

More than two million pounds ($3.12 million) will be invested in eight key races at the south of England track, as per the deal.

Saudis Counting On $745 Billion To Defend Riyal Peg: Currencies

The country’s current-account surplus will remain the world’s fourth-largest by the end of 2014 even after oil’s decline, economists say.

Saudi’s Naimi Says OPEC Will Not Cut Output However Far Oil Falls

OPEC met on November 27 and declined to cut production despite a slide in prices, marking a shift in strategy towards defending market share rather than supporting prices.

Almost 84% Of UAE Consumers Watch Streamed Content Over TV

The study also showed an increase in the time spent viewing content on smartphones and tablets.

Saudi Budget To Be Released Later This Week

The budget is anxiously awaited by financial markets.

German Diner Wienerwald Invests Dhs10m In Dubai, To Launch Two Outlets

The German brand, famous for its roast chicken, is opening outlets in JBR and Dubai Media City.

Etihad To Begin Double Daily Services To Melbourne

The new service is scheduled to begin from August 1 2015, the airline said in a statement.

Oil Rebounds Above $62, Tracking Broader Markets

Brent crude is down 46 per cent from the year’s peak in June above $115 per barrel.

Saudi Oil Minister Says Ready To Raise Output If New Clients Emerge

The remark was one of the strongest signals yet that the world’s top oil exporter has no intention of cutting output in the face of sliding oil prices.

Over 86% Of MENA Employees Claim They Work During Holidays

Regional professionals say they check and respond to official emails and phone calls while on vacation, finds new poll.

Stock News: Gulf Markets Edge Up In Early Trade

The Dubai index climbed 0.6 per cent after a 9.9 per cent jump on Sunday.

Qatar Airways Set To Receive First A350

Doha carrier poised to receive Airbus’ latest model which will fly to Frankfurt from January