Saudi Arabia Says Not Aware Of Barclays Probe

US authorities are reportedly investigating whether Barclays made any improper payment to win a banking licence in Saudi.

The Middle East’s Top Green Companies

A definitive list of regional companies implementing meaningful initiatives for the environment.

OPEC Acknowledges Shale Oil Supply Is Significant

In its World Oil Outlook report, OPEC cuts its forecast of global oil demand to 2016 due to economic weakness.

Qatar’s QNB Issues $1bn Bond

Qatar National Bank said that the bond attracted strong investor interest and was several times oversubscribed.

First Free Sampling Store Opens In Dubai

Sample Central allows members to take products home for free in return for sharing their opinions.

Abu Dhabi Islamic Bank To Price Sukuk Thursday

The lender is set to raise $500 million from its offering after big investor interest for its debut deal.

Emirates May Buy 100 New Model Boeing 777s

The airline’s president Tim Clark has said the carrier could make its most expensive purchase ever from Boeing.

Emirates To Sponsor Glasgow 2014 Commonwealth Games

Dubai-based Emirates will now serve as the official airline of the games and the Queen’s Baton Relay.

Bahrain’s Batelco Sues Indian Ex-partner For $185m

The Bahraini telecoms firm accused Siva Ltd of not adhering to a settlement agreement over their joint venture S Tel.

Oil Down 4% As Fiscal Cliff Looms After US Vote

President Obama winning a second term in office has seen oil price drop after previous 3 per cent gains when Romney was favourite.

Aldar Properties And Sorouh Real Estate In Advanced Merger Talks

The two Abu Dhabi-based developers both reported higher quarterly profit on Wednesday even with asset writedowns.

Recovering Dubai Still Faces $48bn Debt – Standard Chartered

A report from the UK-based lender says the emirate’s overall debt burden remains a challenge.

UAE Investors Dash To Cash

UAE investors are holding onto their cash and assets amid the uncertain economic outlook, however India is a favourite for investment.

REVEALED: Top 10 Tweeters In The Middle East

UAE-based commentator Sultan Al Qassemi is the most connected Twitter user in the region, says new study.

Qatar National Bank To Sell $500m In New Bond Issue

Price guidance for QNB’s new bond was released at 155 basis points over midswaps, with transaction expected Wednesday.

British PM Cameron Meets KSA’s King Abdullah

The two leaders discussed regional and international developments, Palestine and the situation in Syria.

Obama Win Keeps Peace In The Middle East

The US President’s re-election will help abate worries of war in the Middle East, say political experts.

Egypt Hopes Obama Will Work For Both Nations’ Interests

Egypt’s presidency said it hoped Obama would work for American and Egyptian people.

Qatar Petroleum Shifts GIS Stake To State Pension Fund

QP had owned 30 per cent of the company having previously spun off 70 per cent in 2008.

Sorouh Sees 55% Rise In Q3 Net Profit

The Abu Dhabi developer’s profit was driven by rising revenues from national housing projects.

Investors Favour Fixed Income

With global markets in flux, fixed income is becoming the new favourite for regional investors.

Credit Suisse And Qatar Holding In Asset Management JV

Aventicum Capital Management will focus on investments in emerging and frontier markets in the Middle East and Turkey.

UAE And UK Plan Defence Partnership Around Typhoon

Prime Minister David Cameron’s visit to the country comes to an end as both parties discuss a strategic air defence relationship.

US Clears Sale Of Missile Defense System To UAE, Qatar

The two Gulf countries are planning to buy Lockheed missile-defense systems worth up to $7.6 billion.

Dana Gas Says In Standstill Talks With Creditors

Sharjah-based Dana did not repay a five-year convertible Sukuk on maturity last week.

Dubai’s Arabtec Q3 Profit Drops 10.5%

The Dubai-based contractor said it was looking at equity-linked fundraising options.

UAE Central Bank Appoints Abu Dhabi Banker As New Chairman

Khalifa Mohammed al-Kindi is the new chairman while Sultan Nasser al-Suweidi remains governor of the bank.

World Travel Market Reveals Top Travel Trends

Global trends worldwide include the rise of shopping hotels in the Middle East and the attraction of forbidden lands in the Americas.

Mubadala Seeks To Alter Terms On $3.4bn In Bonds

The Abu Dhabi investment fund said the move was aimed at making documentation more consistent.

Dubai Investments Q3 Net Profit Up 227%

The company’s profit rose as it booked gains in the fair value of its investment properties.