Dubai Drops 10 Spots On JLL’s List Of World’s Most Dynamic Cities

The emirate fell from the third spot last year to the 13th position on this year’s annual City Momentum Index, released by JLL.

Dubai Developer Muraba Completes Phase 1 Of Palm Jumeirah Project

The developer says on track to begin unit handover to buyers from April 2016.

Saudi Kayan Gets More Gas For Making Ethylene

The Saudi oil ministry has allocated an extra 10 million cubic feed a day (scfd) of ethane from July 1, Kayan said.

Saudi Cement’s Board Recommends Smaller Dividend For H2 2014

Saudi Cement, the Kingdom’s largest cement company by market value, reported an 8.9 per cent rise in Q4 net profit.

Abu Dhabi’s Khalifa Port 2014 Container Volumes Grow 26%

Khalifa port handled 1.13 million TEUs (twenty-foot equivalent unit containers) in 2014.

Stock News: Gulf Markets Rise After Oil Rally; Dubai’s Damac Jumps

Brent crude jumped 2.2 per cent to $57.80 per barrel on Friday, posting its largest two-week gain in 17 years.

Jordan Says UAE Sending Jets To Support Raids On ISIL

The UAE suspended flights as part of the US-led coalition conducting air strikes against ISIL because of concerns about search and rescue capabilities.

GGICO Launches New Residential Tower In Dubai Sports City

The project mainly comprises of one-bedroom units ranging from 825 square feet to 1,150 square feet.

Stock News: Stronger Oil May Support Gulf Markets

Brent crude jumped 2.2 per cent to $57.80 per barrel on Friday, posting its largest two-week gain in 17 years.

Gulf Countries, Opposition Say Houthi Takeover In Yemen A “Coup”

Yemen has been in political limbo since the president and prime minister resigned last month after the Houthis seized the presidential palace.

Cricket: UAE Hoping To “Surprise” Opponents At World Cup

The only other time that the UAE team qualified for the World Cup was in 1996.

OPEC+meeting

OPEC Delegates See Scant Hope Of Rapid Oil Price Recovery

Brent crude prices reached a near six-year low of around $45 in January.

UAE Sees No Defeat Of ISIL Without Iraq’s Sunnis – Newspaper

The UAE’s decision to withdraw its planes raised fears that regional support for the coalition air campaign might be slipping.

Gulf Banks Help Underwrite Region’s Aviation Boom

Figures from Airbus show that 47 per cent of its aircraft deals in the ME in the first 11 months of 2014 were funded by local banks.

Sit, Stand Or Lean: What’s The Future Of Airline Travel?

Double decker sleep pods and bicycle seats are just some of the ideas floating around for the future of aircraft seating.

Saudi Ranks 5th For Consumer Confidence Among Emerging Markets

India topped the survey conducted by Credit Suisse, which included nine global economies.

Revealed: Top 10 Countries With The Cheapest Petrol Rates

The average price of petrol around the world ranged around $1.04 per liter, according to GlobalPetrolPrices.com

Kuwait Central Bank Chief Denies Illicit Share Trading

A local daily reported that the securities regulator had decided to refer central bank governor Mohammad al-Hashel to prosecutors on suspicion of violating investment rules.

Lower Oil Prices, E-commerce To Aid Growth In 2015, Says Aramex

Aramex CEO Hussein Hachem said that lower oil prices could translate into a 5 to 10 per cent drop in its 2015 operating costs.

ADNOC Starts Production At New Ruwais Refinery

The refinery has started production at the crude unit and a hydrotreater and is currently producing gasoil, jet fuel and naphtha.

Dubai Developer Meraas Launches New Retail Project Boxpark

The development features 44 retail, restaurant, cafe, and entertainment brands, Meraas said.

Qatar’s Tasweeq Offers Rare Straight-Run Fuel Oil Cargo

The company is offering two 40,000-tonne cargoes for loading in March from Mesaieed.

One Killed In Attack On KFC Restaurant North Of Cairo

Assailants on a motorcycle threw flammable materials and then opened fire at the restaurant, state news agency MENA said.

Bahrain Petroleum Inks Rare Term Deal For Low Sulphur Diesel

Bapco signed a January to December 2015 term contract with Emirates National Oil Company (ENOC), traders said.

Underwater Villas, Priced At Dhs5m, Go On Sale At Dubai’s World Islands

The villas, located in the Heart of Europe project, are being developed by the Kleindienst Group.

Middle East Carriers Record Strongest Air Cargo Growth Globally In 2014

The region saw an 11.3 per cent growth in air freight traffic during the month of December, IATA said.

UAE’s Dana Gas Blames Oil Price Slump, Egypt Charge For Q4 Net Loss

Dana Gas made a net loss of Dhs15 million in the last quarter of 2014.

Saudi’s Jarir Marketing Proposes Q4 Dividend

Jarir posted a 25.5 per cent increase in its fourth-quarter net profit.

Dubai’s Aramex Q4 Net Profit Up 17%, Beats Estimates

The company made a net profit of Dhs89.4 million ($24.3 million) in the last quarter of 2014.

Oman’s Raysut Cement Q4 Net Rises 9.2%, Misses Forecasts

The company made a profit of OMR6.55 million($17.0 million) in the last quarter of 2014.