Al Ain Dairy Eyes Global Expansion

Regional dairy producer is approaching the international market and commencing production of camel milk products.

Gulf States Warn Citizens To Leave Lebanon Immediately

The UAE, Saudi Arabia and Qatar have all told their residents to leave the country amid threats of kidnappings.

EFG-Hermes Q2 net profit down 66%

The Egyptian investment bank posted a net profit of $4.4 million as revenues from its brokerage operations declined.

Islamic Finance Body Plans Scholar Accreditation

A Malaysia-based association of Islamic scholars is planning to develop a global code of ethics to improve standards in the industry.

UAE Unveils New Online Property Auction

Asteco partners with real estate auction website to provide new solution for UAE property owners.

UAE Awards Nuclear Fuel Supply Contracts Worth $3bn

The contracts have been awarded to six international companies including Rio Tinto and France’s Areva.

Drake & Scull Q2 Net Profit Drops 42%

The contracting company said that higher finance costs for acquisition and contracts provisioning led to the fall in profit.

UAE’s Deyaar Sees Small Q2 Profit Rise

The developer slashed costs to offset revenue drop following the collapse of Dubai’s property market.

Basel III Arrives Early For UAE

Central Bank orders regional banks to meet liquidity requirements from January 2013, in preparation for Basel.

Standard Chartered Reputation ‘Damaged’ After Fine

Standard Chartered may have settled its Iran regulatory dispute for $340 million but investors remain wary.

Foreign Investors Spend $5.9bn On Dubai Property

Indians, Pakistanis, Brits, Russians and others have bought 12,875 properties in the first half of the year.

Brent Ends At Three Month High On US Data

Brent oil futures ended at a fresh three-month high on Tuesday as strong US retail sales, tighter North Sea crude supplies and speculation about economic stimulus outweighed weak euro zone data

Lawless Appointed Jumeirah CEO And President

Dubai Holding has said that Gerald Lawless, executive chairman of the Jumeirah Group, will take on his new role from September.

Abu Dhabi’s Non-Oil Trade Grows 27.7% In 2011

According to official statistics, the emirate’s non-oil merchandise trade reached Dhs139.4 billion in 2011.

Emaar’s Apartment Sales Pick Up In Q2

The Dubai-based developer said that revenue from the sale of condominiums in the second quarter reached over $190 million.

Kuwait’s NIG To Repay $475m Sukuk On Time

National Industries Group Holding said that it has raised enough finance to repay the Sukuk when it matures on August 16.

TAQA H1 Revenues Up 67 %

Abu Dhabi oil company TAQA saw increased profits in H1 2012 owing to strong power and water performance and divested assets.

Gulf Air Announces New Flights Across The Region

Bahrain’s flag carrier will begin a new daily flight to Dubai and several new flights across the subcontinent.

Qatar Agrees $406m Contracts For 2022 World Cup Metro

A mix of US, British and Qatari firms will all manage the various lines and stations as part of the planned $36 billion system.

Dubai Trade Licences Up 17 %

Dubai trade licences saw a significant jump as UAE confidence steadily rebounds.

Emirates Resumes Flights To Libya

The Dubai-based airline will begin operating flights to Tripoli from October 29.

Dana Gas Reports 79% Rise In H1 Net Profit

The natural gas company saw a boost in profit because of increased production and higher oil prices.

Yemen To Export Jet Fuel As Refinery Output Resumes

The Aden refinery resumed production after halting operations for nine months because of attacks on the country’s main oil pipeline.

Precious Gold Steady; Platinum Discount At Record

Gold edged up on Monday, extending its winning streak into a seventh session as expectations rose of more stimulus measures from central banks around the world.

FAL Oil Recruits Restructuring Officer For Debt Talks

The UAE-based oil trader looks to hire a CRO as its forced to cut operations in the country by 60 per cent.

Kingdom Holding’s Prince Al Waleed Survives Car Crash

Prince Al Waleed Bin Talal, CEO of Kingdom Holding, escaped harm as his car was written off in Saudi Arabia this weekend.

Emaar Announces New Mosque In Dubai

The mosque, spread over 40,000 square feet, will be located in Downtown Dubai.

5 minutes with… Carsten Schaeffer, VP Lufthansa EMEA

A quick catch up with the regional boss of the Germany’s national carrier.

Qatar Deposits $2bn To Support Egypt

The Gulf state is aiming to provide a much needed boost to support Egypt’s declining economy.

Saudi Foreign Minister Undergoes Minor Surgery

The Kingdom’s Foreign Minister Prince Saud al-Faisal had a minor operation to relieve an intestinal obstruction, the royal court has said.