Bahrain To Issue $1.25bn Bond

The Gulf state plans to issue the bond in the second or third week of June, a central bank official said.

Etisalat To Cut Rates By 30%

UAE telecoms operator Etisalat will reduce international call tariffs from the second half of 2012.

The Ascent Of Aluminium

The GCC’s share of global aluminium production could reach ten per cent by 2022, but the sector faces hazards.

Emirates NBD Appoints CEO

Mohammad Kamran will head up two of Emirates NBD’s subsidiaries including Capital Limited.

Qatar’s Property Market Stabilises

As Cityscape Qatar begins, experts say that despite oversupply in the market, demand is catching up.

Facebook To Open Dubai Office

The social network eyes regional advertisers as a new source of investment following the firm’s IPO last week.

Revealed: Fantasy Arab Football Team

Gulf Business takes a look at several Arab-funded football clubs and picks a fantasy team purely of Arabian funding.

TAQA Eyes Turkey Investments

The Abu Dhabi National Energy Company (TAQA) is studying energy investments in Turkey.

New Guidelines For Saudi Journalists

Journalists in the Kingdom have to be accredited by the Saudi Journalists Association, the Cabinet has said.

Facebook Shares Down Already

Tumbling shares wipe billions off Facebook price two days after IPO amid accusations of a poorly constructed listing.

US Firm Plans 500 Hires In Abu Dhabi

Digital Domain Media Group is opening up an animation and visual effects studio in Abu Dhabi’s twofour54.

Dubai Duty Free Ups Loan To $1.5bn

The airport retailer has increased the size of its loan facility because of high demand, an official has said.

DIFCI $1bn Loan Near

DIFC Investments close in on a $1 billion dollar loan to refinance an upcoming sukuk maturing in June.

Abu Dhabi Picks Banks For Merger

Four banks have been chosen as advisors for the proposed merger been Aldar and Sorouh, according to sources.

Passing On The Parcel

Boosted by the GCC’s rapid industrialisation, courier firms are posting robust growth in the region.

Booz & Co: How To Go Global

Exclusive: Regional firms must work out exactly what they are before hitting the global stage, says Booz & Co global boss.

DIB Releases New Sukuk

A deal for a new Islamic bond from DIB is being arranged by a host of local and global banks.

Mashreq: ‘Forget The Glory Years’

Exclusive: Al Ghurair says UAE will not see pre-2008 profits for the foreseeable future.

GCC SWFs Pull Out Of Europe

Gulf sovereign wealth funds are reducing international investment and focussing on the region, says a new study.

Drake & Scull Eyes $300m Iraq Deal

The contract will be an oil and gas project to build a pipeline in Basra, said the company’s CEO.

New Dhs500m SME Fund In UAE

The fund, launched by NBAD and Khalifa Fund for Enterprise Development, targets Emirati entrepreneurs.

Naphtha At Record Highs

ADNOC’s highest ever offers for naptha contracts are likely to influence Saudi Aramco talks

Nakheel Plans New Housing Project

Financing has been secured for the new project on Dubai’s Palm Jumeirah, said Nakheel’s chairman.

UAE To Settle Nationals’ Debt

The UAE government will settle the personal loans of citizens whose debts are less than Dhs5 million.

Oman To Raise Oil Output

The Gulf State plans to increase crude production by 30,000 barrels per day this year.

Facebook Listing Falls Flat

The social networking site’s IPO fizzled out on day one, dampening high expectations and expert predictions.

Dubai RTA Awards Dhs38m Deals

The contracts are part of Dubai’s Dhs1 billion five-year plan to improve internal roads in the city.

Gulf States Warned Off Lebanon

UAE, Bahrain and Qatar have urged their citizens not to travel to Lebanon as Syria unrest spreads.

UAE Faces $30bn Debt Wall In 2012

According to the IMF, UAE’s state-related entities have a “significant” amount of debt maturing in the next few years.

Aramco Invites Bids For New Refinery

Saudi Aramco’s new refinery in Jizan will have a capacity of 400,000 barrels per day when ready.