Majority Of Oman’s Shura Council Votes To Ban Alcohol In Country

If enforced, it will become illegal to consume and trade alcohol across the sultanate.

GCC Creates Joint Police And Naval Forces As Regional Threats Mount

The police force, which will be known as GCC-POL, and the naval force will help the Gulf states to counter risks posed by terrorist militant groups in the region.

Abu Dhabi Financial Zone Prepares To Receive Licence Applications

The launch of Abu Dhabi Global Market (ADGM) comes as the emirate seeks to diversify its economy away from oil and gas.

Qatari Bid For Canary Wharf Owner Songbird Wins More Support

EMS Capital, which holds 3.2 per cent of Songbird’s free float said in a letter to the bidders that it intended to accept the latest offer.

DWC Begins Work On New Executive Terminal For Business Jets

The 6,000 square metre terminal is scheduled to be completed in Q4 2015 and will host major operators such as Jet Aviation, XJet and Jetex.

Shares In Dubai Parks And Resorts Open Well Below IPO Price

The drop was a fresh sign of a collapse of sentiment among retail investors in Dubai, who have dumped stocks as oil prices have hit five-year lows.

UAE Court Convicts 11 For Helping Al Qaeda Affiliate

The 11 were accused of membership of al Qaeda’s Nusrah Front Syrian wing and another militant Syrian opposition group, Ahrar al-Sham.

U.S. Couple Formerly Held In Qatar Sues Husband’s Ex-Employer

The couple said that the company did not warn them about the hostility they could face as an interracial family living in Qatar.

Flydubai Targets Bratislava Expansion

Initially launching as a twice-weekly service, a third service will be introduced in January.

Algeria Oil Minister Says OPEC May Hold Emergency Meeting Before June

The Algerian minister reiterated that oil prices were down because of low consumption and high supplies especially from non-OPEC petroleum-producing nations.

Qatar Emir Urges Gulf Arab Solidarity Amid Regional Turmoil

The GCC members face chaos in Yemen, Syria and Iraq, political turmoil in Egypt, sectarian tensions and a falling oil price.

Kuwaiti Emir Says Oil Price Fall Hitting Gulf Arab Incomes

Sheikh Sabah said that one of the ways to encounter the oil price slide was greater economic integration within the GCC.

Bahrain Activist Sentenced To Additional Jail Terms

Zainab al-Khawaja was also sentenced to three years in jail and fined 3,000 dinars in December for tearing up the king’s photograph.

Kuwait’s Investment Dar Eyes Second Debt-For-Assets Deal By March

The firm said on November 18 that it had received the backing of a “significant majority of investors” for the proposal.

Dubai’s World-Beating Skyscraper Now In Google Street View

The online pictorial map of the city allows users to navigate through several levels of the 830 metre tall Burj Khalifa.

Dubai Developer Revives Port City Project With $183m Tower

Dubai’s Omniyat broke ground on a 225-unit tower in Dubai Maritime City on Tuesday, which the developer valued at Dhs600 million ($163 million).

Market, Not OPEC, Will Determine Oil Price – UAE Official

Prices have fallen over 40 per cent since June and brent crude hit $65.33 a barrel on Tuesday, its lowest since September 2009.

Abu Dhabi Firm Buys London’s New Scotland Yard Building For $578m

The 600,000 sqft site, located in prime central London, will be redeveloped into a multi-use development.

Habtoor Group Launches Three New Dubai Projects Worth Dhs2bn, Says No IPO Plans

The projects include a polo resort and club, a new Metropolitan hotel and a residential villa development.

UAE’s Mulk Holdings Invests $40m In Nigeria’s Shopping Centre

The duty free shopping centre, situated in Lagos, is scheduled to be completed by 2016.

Qatar Plans Chicken IPO In 2015 To Resolve Poultry Meat Shortage

A chicken farm backed by Qatari investors will have capacity to produce 45 million kgs of chicken meat by 2018.

Dual-screen YotaPhone 2 Smartphone Launches In Middle East

The twin AMOLED and e-ink display device claims to offer superior power efficiency at a Dhs,2999 price.

Tiger Woods-Designed Golf Course In Dubai To Be Built By Damac

The course will be operated by the Trump Organisation and will open by 2017, the developer said.

UAE To Activate $5.7bn China Currency Swap Soon

The agreement has been designed to facilitate two-way trade and investment.

Dubai Stock Index Ends Down 3.5%, Well Off July Low

The sell-off in Dubai and across the region came after the price of Brent crude hit a new five-year low of $65.33 per barrel.

Air Canada To Launch Direct Flights Between Toronto And Dubai

The three-times-weekly service will begin operating from November 2015.

Dur Hospitality To Tap Bank Loans As Riyadh Developer Expands

Dur Hospitality has been expanding across Saudi Arabia as the local economy picks up pace.

Blast Near Manama Kills Bahraini, Wounds Expatriate

The attack was the second fatal one in the Gulf Arab state in two days.

Ferrari World Developer Gets Debt Help From Moody’s

Abu Dhabi’s Aldar Properties plans to extend maturities on its obligations, its chief financial officer Greg Fewer said.

UAE Forex Peg Here To Stay -Central Bank Official

UAE central bank official Saif al-Shamsi said that the Emirates will continue with its currency peg to the US dollar.