Samsung Hints At New Smartwatch On Apple Watch Launch Day

Samsung has launched six smartwatches since 2013.

Dubai’s DP World Eyes Dollar Bond – Sources

The Dubai-based firm could raise between $750 million and $1 billion from the bond.

Kuwait Deports Political Activist To Saudi Arabia

Saad al-Ajmi, spokesman for the Popular Action Movement (PAM) was reportedly deported.

Former Yemeni President Calls For Political Dialogue To End War

Saleh said he was ready to reconcile with all parties that have opposed him since 2011 “for the interest of the nation”.

Cost of Samsung’s Battle Against Apple On The Rise

For the price of producing 100 sets of this S6 edge model, Apple can make 121 sets of 64-GB iPhone 6 Plus, calculations show

30 Seconds On The Business Of… Family Entertainment

Gulf Business speaks to Silvio Liedtke, COO, Landmark Leisure.

Online Store Merger Prods Luxury Goods Makers Towards Internet

Top brands such as Prada and LVMH’s Christian Dior still baulk at the idea of selling clothing online.

Saudi-led Coalition Launches Air Strikes Throughout Yemen – Residents

Most of the raids hit Houthi vehicles and gatherings on battlefields in six central and southern provinces.

Oil prices Rise On Middle East Tension

Warplanes struck targets in and around the Yemeni cities despite indications from Riyadh that its campaign would be wound down.

Dubai ‘Can Take A Canopy’ Says Hilton Brands Chief

Hilton’s new neighbourhood brand targets districts with strong local flavour

Cheap Oil Slows Saudi, UAE Projects But Qatar, Kuwait Rise -ADCB

The total value of projects awarded in the GCC climbed to above $40 billion in Q1 2015.

Mobile Operator Zain Iraq Applies For Baghdad Share Listing

Iraq’s three mobile networks were required to float a quarter of their shares by August 2011 as part of their 15-year licences awarded in 2007.

Saudi Cable Co Signs $171m Debt Restructuring

The company is also holding talks with another bank about the possibility of restructuring a further SAR99.6 million of debt.

Saudi’s Mobily Says Board Recommends Not Paying Q1 Dividend

Mobily, which is under investigation by the bourse regulator, reported a first-quarter loss of SAR199 million ($53 million).

Oil Prices Hold Steady As Yemen Bombing Continues

Saudi-led coalition warplanes continued bombing Yemen on Wednesday despite an announcement by Riyadh a day earlier that it was ending its campaign of air strikes.

Qatar Faces High Risk Of Cyber Attacks During FIFA 2022 World Cup

Large scale events such as the upcoming football tournament are more vulnerable to cyber attacks, says expert.

Abu Dhabi’s Masdar City Launches Solar-Powered Eco-Villas

The four-bedroom villa concept includes an array of solar panels that will generate approximately 40,000 KWh per year.

Yemen Rivals Battle On Despite Declared End To Saudi Raids

Hours after Saudi Arabia’s announcement of a halt to airstrikes in Yemen, Houthi fighters captured an army brigade base in Taiz.

First Gulf Bank Quarterly Profit Falls Short Of Estimates

The third-largest lender by assets in the UAE, made a net profit of Dhs1.42 billion for Q1 2015.

White House Says ‘Job Is Not Done’ In Yemen

A US government spokesperson acknowledged problems remain in the country.

Commercial Bank of Qatar Net Profit Falls 15.3%, Misses Forecasts

The bank earned a net attributable profit of SAR452.3 million ($127.1 million) for the three months to March 31.

Dubai’s Emirates NBD Forecasts 5% Loan Growth For 2015

ENBD’s loan growth climbed by four per cent in the first quarter of the year.

Bloom Launches Dubai Marina Residential Tower

Construction work on the project is set to begin in the first half of this year.

Yemen’s Saleh Hails End To Saudi-led Strikes, Seeks New Dialogue

“We hope that everybody will return to dialogue to solve and treat all the issues,” Saleh said on social media.

InterContinental Signs Deal For UAE’s First Hotel Indigo

The 285-room property will be located in Dubai’s Business Bay.

Fatburger Plots Four More Restaurants In MENA

The restaurants are planned for Kuwait, Qatar, Tunisia and Iraq.

SKAI Rebrands Jumeirah Village Circle Property To Viceroy

The newly branded hotel is scheduled for operation in 2018.

Iran Calls For Yemen Talks, Says Long-term Peace Possible

Iran’s President Hassan Rouhani said sustainable peace can prevail if military intervention is ceased and conditions are met for talks.

Bahrain’s Ahli United Bank Tightens Guidance For $300m Tier 1 Bond

The perpetual, non-call five deal at present has commitments from lead arrangers worth $600 million, documents showed.

Chevron Saudi Unit Plans To Shut Joint Kuwait Oilfield In May

Chevron’s decision was mainly down to problems getting work permits from the Kuwaiti authorities for its expatriate staff, sources told Reuters