Mashreq CEO: UAE Banks Ready To Lend Again

The local banking sector has ample liquidity and lenders are ready to grow, says Abdul Aziz Al Ghurair.

Al Jazeera Studio In Cairo Set Ablaze After Angry Protest

An employee said the attack was carried out by a mob chanting slogans against the Qatari-owned station.

Deutsche Bank Head: Only 5-6 ‘Global’ Banks To Remain

Few banks will continue to have a global footprint in the future, says Anshu Jain, co-chairman of Deutsche Bank.

Dubai’s Umm Suqiem Happiest Place To Live

Dubai Marina and The Springs come second and third in propertyfinder poll.

New Group CEO For Al Ghurair

Abu Dhabi’s Constantin Salameh chosen for top corporate post.

Deutsche Bank Expects Euro Zone To Remain Intact

Lender’s Anshu Jain tells business leaders in Dubai chances of Greece leaving have lessened.

UAE’s Du Announces $80m Dubai Centre With Equinix

The telecom firm has formed a new alliance with the Californian company to bring faster internet speeds to the Gulf.

Dubai’s Ruler Trims Investment Corporation’s Board

Sheikh Mohammed bin Rashid al-Maktoum reduces the number of board members from six to five.

Greek PM To Visit Qatar For Investment Talks

Antonis Samaras will meet with the Gulf state’s emir and prime minister to discuss investing in Greece.

Boeing Targets Doubling Of Middle East Defence Sales

The plane manufacturer expects to increase revenue from defence sales in the region to $4 billion.

UAE Residents Underestimate Home Value By 44 %

Most residents fail to account for accumulated value of possessions over time, and cost of replacing clothing.

Ignition Sparks On UAE’s Car Market

Vehicle sales in the UAE and wider region are reaching 2008’s record levels due to jobs, positive sentiment and a rising population.

JLT Fire Tenants Asked To Sign Waiver To Enter Building

Tenants said they must sign waiver to go inside building; victims offered hotel apartments for one month.

Qatar Telecom Agrees $500m Debut Islamic Finance Deal

The deal, mandated by Qatar Islamic Bank, runs for 18 months.

Emaar Launches New Villa Development In Dubai

The new Moroccan themed development will be an extension of Emaar’s Arabian Ranches development.

Hillary Clinton Flies To Middle East For Gaza Talks

The US Secretary of State has been sent to the region by President Obama to try to halt the crisis.

Burger King Eyes Expansion

Burger King, the fast food franchise, plans to open its first restaurant in South Africa early next year.

Emirates NBD Looks Beyond Gulf For Growth

Dubai’s largest bank is targeting international revenues of around 20 per cent of its total by 2017.

JLT Fire Victims Facing Insurance And Landlord Costs

A survey shows 86 per cent of UAE residents do not have contents insurance.

Four Kuwaitis Detained Over Twitter Comments

They will be detained for 10 days for questioning, an official has said.

JLT Fire: Municipality Has No Power

Dubai’s government building department will investigate the fire but only for ‘recording’ purposes.

Saudi Bookstore Jarir Plans 70% Expansion

The chain is planning to spend $40 million a year, targeting the Gulf’s population growth.

Dubai Media Office Gets New Head

Muna Ghanem Al Marri has been appointed as the new director of the Dubai Government’s media office.

Saudi’s Dar Al Arkan Looks To Buy Foreign Properties

The kingdom’s biggest real estate developer is planning to expand its assets abroad.

Global Currency Market Summary

USD likely to strengthen, while GBP and JPY could face pressure, reports Emirates NBD.

Abu Dhabi Eyes New Airport Terminal By 2017

Etihad Airways’ new home will add capacity for an extra 30 million passengers per year.

Windows 8 OS Launches In ME; Experts Warn Of Piracy

Microsoft formally launched its new operating system, Windows 8 in the Middle East on Monday.

Abu Dhabi’s Invest AD Launches Mideast, Africa Bond Fund

The new fund has a seed capital of $25 million and will invest mainly in dollar-denominated debt.

Goldman Sachs Buys $40m Warrants In Drake & Scull

The global investment bank can exercise warrants after two years. The lender secured a loan facility for D&S last week.

Preview: Middle East Business Aviation Show

Dubai World Central is set to become the new hub for business aviation.