Madison Backs Qatari Bid For Canary Wharf Owner Songbird

The hostile move followed Songbird’s rejection of an initial $3.43 billion approach.

Qantas Flight From Dubai To Sydney Diverted To Perth After AC Fault

The aircraft descended from 39,000 to 10,000 feet in five minutes before landing safely in Perth.

Qatar Halts Mediation To Free Captive Lebanese Soldiers

Qatar, which has previously helped mediate the release of hostages held by Nusra, said its decision was based on the failure to secure the captives’ release.

Kuwait Petroleum Sees Oil At $65 A Barrel For Next 6-7 Months

Kuwait Petroleum Corporation CEO said that the price will hover around $65 until the world economic recovery is clear.

Stock News: Gulf Markets Mixed, Oman Steadies

Dubai’s stock index edged down 0.5 per cent as most stocks declined in low-volume trading and heavyweight Emaar Properties fell 1.1 per cent.

Swiss Firm Comlux Orders Two Boeing BBJ Max 8s At MEBA In Dubai

Around 30 per cent of all BBJs in service are operated by Middle East customers.

UAE Extends Grace Period To Settle Labour Card Fines

All private firms in the UAE will now have an additional six months to settle their unpaid dues, which will be reduced to Dhs1,000 each for a card, a senior official said.

Iran To Hike Military Spending Despite Lower Oil Prices, Sanctions

Iran’s defence expenditure will rise 33.5 per cent to about 282 trillion rials, most of which will be assigned to the elite Revolutionary Guards.

Woman Who Stabbed U.S. Teacher In UAE Was “Lone Terrorist” – Agency

WAM, quoting a security source, said that investigation of the woman showed that the “crimes she had committed are the result of a personal instigation and a lone terrorist act.”

US Defence Firm Lockheed Martin Opens New Innovation Centre In The UAE

The new innovation centre will help the industry to develop solutions that address challenges ranging from climate change to resource scarcity, and also help advance scientific discovery.

Dubai’s Shuaa Says Chairman Sheikh Maktoum To Step Down In Feb 2015

Sheikh Maktoum led the financial services firm for the last three years and helped turn it profitable again.

Bahrain’s BMI Bank Says CEO Hazeem Resigns For Personal Reasons

Jamal al-Hazeem departure was “mutual and amicable” from the role he took up in 2010, the bank said.

UAE’s Money Exchange Industry Faces Shake Out As Costs Rise

A total of $18 billion was remitted abroad from the UAE in 2013, mostly through the estimated 120 exchange firms.

Airbus Unveils New VIP Cabin For A330s In Middle East

European manufacturer’s ACJ330 Summit targets governments and VIPs

Dubai Urged To Focus On Sustainable Mobility Ahead Of Expo 2020

The city should provide innovative public transport options to residents and tourists, say experts.

Saudi’s Tasnee Signs $480m Deal To Raise Cristal Unit Stake

The transaction is in line with the company’s strategy to maximise its stakes in its subsidiaries, a statement said.

Abu Dhabi-based Cristal Group Expands In Erbil And Saudi Arabia

The group is opening three new hotels in the Iraqi city of Erbil and a new hotel in Saudi Arabia, its chief executive said.

Dubai Confident Of Project Funding Despite Oil Plunge -Finance Chief

The government has enough headroom to fund its developmental projects through a healthy debt-equity mix, director-general of Dubai’s department of finance said.

Abu Dhabi Mall Murder Victim’s Ex-Husband Praises UAE’s Efforts

Paul Ryan says he is satisfied with the way the case was handled and is grateful for all the support offered.

Oman Cement Firms Say Gov’t To Double Gas Prices From Jan 1

Cement firms in Oman have also warned that the price rise will lead to an increase in their production costs.

UK Says Signs Deal To Expand Naval Presence In Bahrain

Under the agreement, the Ministry of Defence (MoD) said onshore facilities at the Mina Salman Port in Bahrain would be improved.

Canary Wharf Owner Rebuffs New $4bn Bid From Qatar

Songbird Estates said the 350 pence per share offer from Qatar Investment Authority (QIA) and Brookfield Property Partners LP did not reflect the full value of the company.

UAE-Egypt Alliance Expands To Desert Wheat Venture

Within a couple of years, UAE companies plan to grow and sell several hundred thousand tonnes of wheat to the Cairo government.

Bahraini Activist Jailed And Fined For Tearing Up King’s Photo

Zainab al-Khawaja is the daughter of jailed activist Abdulhadi al-Khawaja.

Saudi Slashes January Oil Prices For Asia, U.S.

The discounts on Saudi crude oil for Asian customers in January were the biggest since at least 2002 while prices were cut to the United States for the fifth month in a row.

Dubai Tram: Game Changer?

Will the Dubai Tram persuade more residents to switch to public transport and have a wider impact on the economy?

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News Of OPEC’s Demise Has Been Much Exaggerated

OPEC’s relevance exists even if it doesn’t announce ambitious production-cutting agreements, writes Reuters’ columnist John Kemp.

Oil’s Swoon On OPEC Is Rare Boon For A Few Hedge Funds

OPEC’s decision has provided the commodity fund industry- which has been steadily shrinking over the last few years- with a much needed boost.

Review: Samsung Galaxy Note 4

The Note 4 is pricey, but works for those looking for a big phone that delivers on look and feel.

Video: Abu Dhabi Police Detain Suspect In Mall Murder

The suspect has been identified as a 38-year-old Emirati woman.