Flydubai Targets European Traffic Flows

The low-cost carrier is launching new routes to Zagreb, Sarajevo and Sofia.

Oman’s Mina Al Fahal Refinery To Resume Operating On Dec. 18

ORPIC had said on Dec. 5 that it had put out a fire at one of the naphtha treatment units at the refinery in Muscat.

Saudi King Gives $35m Grant For Ebola Fight

Under the grant, Jeddah-based IDB will setup treatment centres in Sierra Leone, Guinea and Liberia and Mali.

Bahrain Can Veto Qatar F1 Race, Says Formula One Boss Ecclestone

ahrain became the first Middle East country to host a grand prix in 2004 and Abu Dhabi followed in 2009.

FIFA Committee To Be Asked To Vote On Publishing Garcia Report

So far, only a 42-page statement on the report has been published by FIFA ethics judge Hans-Joachim Eckert.

Songbird Says Too Early To Know Shareholder Intentions On $4bn Qatari Bid

Songbird Estates is the owner of London’s Canary Wharf financial district.

UAE’s First Gulf Bank Looks To Asia For Expansion

It is particularly looking to expand into North Asia and mainland China and also wants to increase its presence in India.

Oil Plunges 3% To New 5-Year Lows After Bearish IEA Outlook

The IEA slashed its outlook for global oil demand growth for 2015 by 230,000 barrels per day to 900,000 bpd.

Saudi Links Dane’s Shooting To Islamic State, Arrests 3

The Danish man was injured after he was shot in Riyadh last month.

Is E-Commerce The Best Bet For Middle East Start-Ups?

Although opportunities are abound, many entrepreneurs underestimate the challenges of starting up online.

How Yemen’s Houthis Control Sanaa And Alarm The West

Widely seen as a failed state, Yemen remains one of the gravest threats to stability in the Gulf and beyond.

Qatari State Fund Katara Buys Lloyds’s 50% Stake In London Savoy Hotel

The five-star hotel is currently owned 50 per cent by Saudi billionaire Prince Alwaleed Bin Talal’s Kingdom Holding.

UAE Salaries Not Keeping Up With Inflation- Report

Remuneration trends in fields such as finance and accounting, financial services, information technology, legal, HR and administration has risen marginally, says new report.

Unit Of Abu Dhabi Fund Mubadala Plans Satellite Financing In 2015

Al Yah Satellite Communications Company (Yahsat) will raise around $500 million through a mixture of debt and equity, a source said.

Dubai Steps In To Redress Its ‘Unhealthy’ Luxury-Hotel Imbalance

Wasl Asset Management plans to open four three-star hotels in the emirate next year.

Stock News: Dubai Posts Biggest Drop In Six Years As Oil Slides

The Dubai index sank 7.4 per cent to 3,595 points and hitting its lowest level since January.

Emirates Raps Airbus Over A380 Gaffe, Dangles Huge Order

Airbus’ finance director aired the possibility of cancelling the world’s largest airliner project due to poor sales.

Kuwait’s Petroleum Unit Inks New Exploration Deals In South China Sea

The state-owned firm said that it will take a 30 per cent working interest in the new exploration blocks in the event of a commercial discovery.

South African Airways To Expand Etihad Alliance With More Routes

The two airlines will share services on 49 routes, more than double the previous number, state-owned SAA said in a statement today.

UAE Online Shoppers Seeking Global Deals- PayPal

About 60 per cent of online consumers in the UAE have made purchases from overseas stores in the last 12 months, a new survey says.

Emaar Launches Dubai Trolley, New Tram System In Downtown Dubai

The electric-powered hop-in-hop-off system, slated to begin operations in early 2015, will run for seven kilometers.

Dubai Shares Head For Lowest Since January As OPEC Cuts Forecast

Equity markets worldwide tumbled after the 12-member OPEC yesterday cut its forecast for demand next year to the lowest level in 12 years.

Dubai Businessman Al Habtoor Says Investors “Overreacting” To Oil Slump

Several industries such as manufacturing and aviation will benefit from lower oil prices, he said.

IRODS for SMEs – The Real Heroes of the Economy

Investment, risk, opportunity, diversification and sustainability are the key tenants of any SME business strategy, according to Sailesh Nathan, regional director SME Chamber of India.

Kuwait Cuts January Crude Price To Lowest Since 2008

The January OSP, down $1.85 a barrel from the previous month, is Kuwait’s lowest since December 2008, Reuters data showed.

Saudi Oil Minister Naimi: “Why Should We Cut Production?”

The current stance of Saudi is seen as a shift from its longstanding policy to act as a swing supplier, analysts say.

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OPEC Cuts 2015 Demand Forecast For Its Oil To Lowest In A Decade

OPEC forecast demand for the group’s oil will drop to 28.92 million barrels per day (bpd) in 2015, down 280,000 bpd from its previous expectation.

Dubai State Fund ICD To Up Dubai Aerospace Stake In Latest Asset Shuffle

ICD is already the majority shareholder of DAE, holding 55 per cent.

Airbus Says First Delivery Of A350 To Qatar Postponed

The new Airbus A350 was scheduled for delivery on Saturday, December 13.

Nakheel Begins Leasing Units At Circle Mall In Jumeirah Village

The Circle Mall is currently in the design stage and will open by 2017.