Dubai’s Nakheel Says Not Seen Drop In Property Prices

Although the developer recorded a slowdown in sales during the second half of 2014, prices have stayed the same, says chairman.

Dubai’s Limitless Gets 85% Creditor Assent For Debt Extension – Chairman

The firm is seeking a three-month extension to a debt repayment due at the end of 2014.

Oman Oil Minister: 2015 Crude Oil Output Expected To Rise About 20,000 bpd

Lower oil prices are not affecting Oman’s upstream strategy, and there is no change in its 2015 energy plans, the minister said.

Dubai’s Nakheel 2014 Net Profit Jumps 43.2% Despite Revenue Slump

The company made a net profit of Dhs3.68 billion ($1 billion) in 2014, up from Dhs2.57 billion in 2013, its chairman said.

Saudi’s Sahara Petrochemical Says Unit Signs $522m Loan Refinancing

The new loan also has more favourable pricing and conditions than the existing deal.

Kuwait Petroleum Corp Chief Says Expects Oil Below $100 For Next Few Years

Oil minister Ali al-Omair said that Kuwait would nevertheless continue developing its production and refining capacity.

Reef Real Estate Launches New Residential Tower In Jumeirah Village Circle

Reef Towers will comprise of 378 units and seven retail units, the developer said.

Qatar’s Doha Bank Plans Bond Issues, Tier 1 Capital Instruments

The bank said that it would seek shareholder approval to issue Tier 1 capital instruments worth $549 million.

Yemen’s Al Qaeda Renews Calls For Lone-Wolf Attacks In West

AQAP claimed responsibility for the attack on Charlie Hebdo satirical newspaper in Paris this month that killed 17 people.

Qatar’s Doha Bank Recommends 2014 Cash Dividend

The bank declared a cash dividend of QAR4 per share for 2014.

Saudi’s Kindgom Holding Q4 Net Profit Rises 15%

Kingdom made a net profit of SAR266 million ($70.84 million) in the last quarter of 2014.

Brent Crude Inches Above $48, But Outlook Remains Weak

Analysts said they expected low prices to continue for the next half-year.

Etihad Says Remains Committed To Darwin Airline Tie-Up

Etihad is in the process of buying a 33.3 per cent stake in Darwin, which has already rebranded itself Etihad Regional.

Bahrain Sentences Rights Activist To Six Months In Jail

Rajab took a leading role in Shi’ite-led demonstrations in Bahrain in 2011 that demanded reforms.

Saudi Ma’aden Swings To Q4 Net Profit, Misses Estimates

The company reported a net profit of SAR376 million for the last quarter of 2014.

Dubai’s TECOM Investments Signs For Loan Facility Of Up To $1.1bn

The loan is expected to help fund the company’s general corporate needs and growth plans, the company said in a statement.

Kuwait Pulls Licence Of Company That Publishes Critical Newspaper

Al-Watan was one of two newspapers suspended by a judge for two weeks last year.

Doha Bank Q4 Net Profit Rises 6.1%, Misses Forecasts

Net profit for 2014 gained 3.1 per cent year on year to QAR1.35 million.

UK Minister Says Deplores Saudi Activist’s Flogging, Plans To Raise Matter

Saudi has come under pressure from Western countries over its punishment of activist and writer Raif Badawi.

Etihad And Alitalia Unveil Network Details

Sicily set to be the fifth Italian destination connected to Abu Dhabi

Aabar Investments Inks Deal With Manchester City Women’s Football Club

As part of the deal, Aabar will sponsor the team’s pre-season training camp and receive a certain portion of match-day advertising.

Samsung Launches Galaxy A5, A3 In UAE, Targets Young Buyers

Samsung’s slimmest smartphones to date, the A5 and A3 are priced at Dhs1499 and Dhs1099 respectively.

Oil Steady At $49 After IMF Cuts Growth Forecast

Global growth is projected at 3.5 per cent for 2015, the IMF said, reducing its forecast by 0.3 percentage points.

Saudi Aramco To Cut Drilling Costs, Hold Rig Count Steady

Aramco deployed 210 oil and gas rigs in 2014.

National Bank Of Kuwait’s Q4 Net Profit Rises 46%, Misses Forecasts

Net profit for 2014 was KD261.8 million, up around 10 per cent from 2013.

Middle East M&A Deals Up 23% In 2014

The region’s deal values were mainly driven by outbound M&A activity, a report says.

Dubai’s Property Market Will Be Driven By Homeowners – Emaar’s Alabbar

The emirate’s real estate market is also seeing a growing demand for affordable luxury homes, he said.

What Will The Samsung Galaxy S6 Look Like?

The next generation smartphone from Samsung is expected to be launched during the upcoming Mobile World Congress.

UAE, France Ink Deal To Fund Renewable Energy Projects

The countries are looking to announce their first project this year and are currently reviewing project proposals in the Middle East, a joint statement said.

Facebook Report Says It Adds More Than $200bn To Global Economy

The social networking site said that it generates a lot of real economic activity through its pages, which are used by businesses to advertise themselves and through games.