Saudi To Host Training Of Moderate Syria Rebels As Part of U.S. Strategy Against IS

U.S. officials declined to specify where on Saudi territory the rebels would be trained.

Saudi Billionaire Prince Alwaleed-Backed Twitter To Raise $1.3bn Through Debt Offerings

The San Francisco-based company said it would use part of the net proceeds for general corporate purposes.

Sharjah Draws Massive Demand For Debut $750m Sukuk Issue

About $7.85 billion of orders poured in for the sukuk ijara from 250 investors.

Oman Fund Working With Bulgaria To Solve Corpbank Problem

Corpbank, in which Oman’s SGRF is the second-biggest shareholder with a stake of about 30 per cent, was hit by a run on deposits in June.

Park Investments Launches New Dhs270m Villa Project In Jumeirah Village Circle

The residential development will comprise 93 four-bedroom villas, with pre-launch prices starting at Dhs2.9 million.

Dubai World Offers Collateral, Early Cash To Revise $25bn Debt Deal

The company is also offering to return cash throughout the loan’s lifespan, more assets as collateral, a higher interest rate and an early repayment of a first tranche of money due next year.

Jumbo To Launch World’s First Gold Gaming Consoles In Dubai

The Xbox and PS4 consoles feature a rose gold case created by Italian jeweller, Gatti, and will be available for sale at the GAMES14 exhibition.

New 5-Star Hotel Planned Near Dubai Healthcare City

The 277-room hotel, targeting medical tourists will open in 2016, the hospitality firm said.

UAE Among Top 10 Most Expensive Countries For University Education – HSBC

Total cost for a university education, including cost of living, stands at $30,472 per year in the UAE, finds new study by HSBC.

Saudi Arabia Tells OPEC To Cut Output In August As Oil Nears $100

The reduction comes as oil prices have come under downward pressure from ample supply and concerns about slower global demand.

Bahrain Set To Raise $1.25bn From 30-Year Bond Sale

Final guidance was given at 6.00 per cent while initial guidance had been 6.00-6.125 per cent.

Kuwait OPEC Governor Expects Oil To Return To Hold $100 Level

The governor attributed the dip in oil prices to a rise in supply and slower demand over summer.

Saudi Aramco, Sumitomo Chemical Invite Banks To Back JV Plant Expansion

The requests for proposals were issued by the parent firms to banks on Tuesday, with financing of the expansion to be split between conventional loans and sharia-compliant facilities.

Sharjah Launches $750m Debut Sukuk Issue

The emirate, which is issuing sukuk with an ijara structure, has garnered orders worth about $7.5 billion, the document said.

Dubai’s House Prices Up 20% Y-O-Y In Q2 2014

The growth in house prices however slowed to three per cent quarter-on-quarter in Q2.

Google Launches 360-Degree Views Of Egypt’s Pyramids, Says Received Govt Support

Users of Street View on Google Maps can explore the Pyramids and five other landmark sites in Egypt.

Stock News: Dubai Investors Cash Out For Emaar Malls IPO

The company plans to float its unit Emaar Malls Group (EMG) this month and subscriptions for the shares will open on Sept. 14.

Emirates NBD Sets Guidance On Tier 1 Bond; Orders Top $1bn

The offer is rated Baa1 by Moody’s and A-plus by Fitch, and is expected to price on Wednesday.

Kuwait Energy, Dragon Oil Find Oil In Iraq

They were able to flow around 2,000 barrels of oil per day from the Faihaa-1 well in the Mishrif formation, they said.

Saudi’s Itqan Capital To Boost Islamic Finance Business

Itqan currently manages four sharia-compliant funds: a money market fund and three real estate funds.

Jumeirah Group To Relaunch VENU Hotel Brand

Dubai-based hotelier says it is in talks with developer Meraas to operate the first VENU hotel in the Bluewaters Island development.

Apple To Charge Banks In New Payment System – Bloomberg

Apple’s new iPhones come equipped with a new mobile payments service, which launches in the United States next month.

Abu Dhabi’s TAQA Says CFO Kersley Resigns

Stephen Kersley has resigned and Ryan Wong will take over as acting head of finance effective October 1, the company said.

Qatar To Launch Venture Share Market Early Next Year

Ten SMEs have applied to list on the new market and five of them have so far fulfilled the requirements, according to a report.

Etisalat To Launch iPhone 6, iPhone 6 Plus On September 26 In UAE

The new devices were described by Apple CEO Tim Cook as the company’s “best phones ever made.”

FIFA 2022 World Cup: Qatar Confident Of Being Cleared In Ethics Committee Report

New York lawyer Michael Garcia delivered his report last week to FIFA’s Ethics adjudicatory chamber, who will decide on the consequences in about a month.

Saudi’s Algosaibi Says Creditors’ Steering Committee Formed

The family group, which collapsed during the financial crisis, said in May that it had direct liabilities to financial institutions worth around $6 billion.

Kuwait Says Plans For Refinery Capacity Boost On Track

Tenders to build Kuwait’s fourth refinery, al-Zour, have been extended after delays and political opposition in the past.

Apple Unveils The Watch, Larger iPhones At Star-Studded Event

It’s the first new product to be developed and introduced under Chief Executive Officer Tim Cook’s reign.

Apple Launches Two iPhone 6 Models, Says “Best Phones Ever Made”

The iPhone 6 runs on iOS 8 and includes a new mobile wallet system called Apple Pay.