Apple Watch Reviews: Sleek, Stylish But Not For Everyone

The wearable device has been criticised for being over-priced and for having a very short battery life.

Banque Saudi Fransi Q1 Net Profit Rises 22.7%, Beats Forecasts

The bank attributed its rise in net profit to an increase in total operating income.

OPEC Should Change Course, Cut Oil Output – Libya Official

Halving of oil prices from $115 a barrel in June on global oversupply is hurting OPEC’s less wealthy members outside the Gulf.

Saudis Say Efficiency Drive To Save 20% Of Energy Use

Rules introduced in the last few years require homes and businesses to install insulation and tighten standards for air conditioners.

Iran Deploys Warships Off Yemen’s Coast

The Alborz destroyer and Bushehr support vessel sailed from Bandar Abbas on a mission to protect Iranian shipping from piracy, an official said.

Qatar National Bank Q1 Net Profit Up 10.1%, Beats Forecast

The bank reported a net profit of $741.7 million for the first quarter of 2015.

Emirates Launches Second A380 Daily Service To Zurich

The second A380 service will begin from October 1, 2015, adding 945 seats per week on the route.

US Online Video Service Starz Play Launches In UAE At $13.99 Per Month

Available now in 17 countries across the MENA region, Starz Play currently has a bank of 3,000 Hollywood movies and TV series.

Two Saudi Policemen Shot Dead In Riyadh

The policemen were patrolling in their vehicle at 1:30 a.m. when shots were fired at them.

GGICO Launches New Apartment Complex In Silicon Oasis

The first phase of the project will consist of 240 one bedroom apartments with prices starting at Dhs536,892.

Mövenpick Plans Dubai Media City Hotel

Th 251-room property will be located opposite Dubai Media City’s new Dhs4.5 billion innovation hub.

Dubai’s ICD Acquires Stakes In Three Hotels

The fund’s latest acquisitions include the W Hotel in Washington D.C., a majority stake in New York’s Mandarin Oriental and minority stake in One&Only Cape Town.

Dubai Rent Growth Slows To 3% In Q1 2015

Apartment rates in Dubai saw a drop or gain between one and three per cent, while villa rates were largely unchanged.

Oil Prices Could Be $5-$15 Lower In 2016 If Iran Sanctions Lifted: EIA

The EIA said U.S. oil production growth was slowing more quickly than expected, while demand was higher than earlier forecast.

Saudi’s Jarir Marketing Q1 Net Profit Rises 22.7%, Beats Forecasts

It made a net profit of SAR247 million in the three months to March 31.

Dubai’s Ruler Endorses Dhs14bn Nakheel Projects

The projects include a 12 million sq ft mixed used development in Deira Islands that will feature a massive mall with a glass dome.

Saudi Pumps Up Oil Production To A Record High Of 10.3m Bpd

The Kingdom produces more than 10 per cent of the world’s crude.

Saudi’s Naimi Says Ready To Help Improve Oil Prices, But Not Alone

The Saudi oil minister also said he expected oil prices, that have languished near six-year lows, to improve in the near future.

US Speeds Up Arms Supplies To Saudi-Led Coalition

Washington is also stepping up intelligence sharing with the coalition, which is conducting military airstrikes against Houthi fighters in Yemen.

US, Saudi Arabia Sanction Pakistani Charity Al-Furqan

he Treasury said its sanctions would shut Al-Furqan out of the U.S. financial sector and prohibit Americans from doing business with the organisation.

IMF Sees Low Potential Economic Growth Around World

Potential growth was already slowing in richer economies before the financial crisis due to aging populations and a drop in technological innovation.

Suspected Al Qaeda Militants Take Yemen Border Post With Saudi

They said the attackers took over the base near Manwakh, about 440 km (270 miles) northeast of the capital Sanaa.

No UAE Government Bond Law Before Year End -Official

A formal law could help develop the country’s bond market and cover any future budget deficits due to low oil prices.

Standard Chartered UAE CEO Becomes Latest Executive To Depart

Nathani will remain at the bank during his notice period and ensure a smooth transition to a successor, the lender said.

IMF Endorses Islamic Finance, Warns It Must Be Implemented Better

The lender has urged Islamic finance sector to design proper rules and implement them consistently.

MENACOM Chairman And CEO Joseph Ghossoub Resigns

Roy Haddad, WPP’s director of MENA, has been appointed as an interim chairman for the media and advertising group.

UAE’s Banking And Finance Jobs Up Despite Oil Price Drop

Overall the job listings in the Middle East rose 14 per cent year-on-year in March, the index showed.

Dubai’s Pacific Control Systems Raises Dhs1bn In 72-Month Loans

The syndication was a mix of conventional and Islamic financing structures, a bourse filing said.

Yasref Refinery In Saudi Arabia Loads First Petcoke Cargo

The new 400,000 barrel per day refinery had previously started exports of diesel and gasoline.

Kuwait Fund To Lend Egypt $1.5bn Over Next Five Years

Kuwait, Saudi Arabia and the United Arab Emirates have provided billions of dollars of aid to Egypt in the past two years.