UAE Central Bank: Business Credit Demand To Rise This Quarter

Around two-thirds of respondents expect demand for business credit to accelerate in the current quarter, with growth in Dubai likely to be strongest.

Saudi Telecom Appoints Khalid Bin Hussain Biyari As CEO

Biyari’s current roles include senior vice president for technology and operations, and vice chairman of affiliate Viva Kuwait.

Twitter Buys Indian Mobile Marketing Start-Up ZipDial

Bengaluru-based ZipDial gives clients phone numbers for use in marketing campaigns.

Saudi’s Tasnee Q4 Net Profit Drops 46.5% As Petchem Prices Weigh

The company made SAR160.7 million($42.8 million) in the last quarter of 2014.

UAE Energy Minister: Lesson Of Oil Price Drop Is Diversification

Oil prices have dropped almost 60 per cent since June 2014, when they stood at $115 per barrel.

Around 46% Of UAE Residents Say Living Costs Outpace Salaries

The rising cost of living is among the factors impacting UAE residents’ plan to save for their retirement.

Saudi Arabia’s Nuclear, Renewable Energy Plans Pushed Back

The country was initially looking to install 17 gigawatts of nuclear power and 41 gigawatts of solar capacity by 2032.

Saudi’s Al Tayyar Travel Q4 Net Profit Up 13.5% On Sales Jump

The company made a net profit of SAR236 million ($62.9 million) in the last quarter of 2014.

Bahrain Opposition Leader To Go On Trial On Jan 28

Sheikh Ali Salman is facing four charges including promoting regime change by force, his defence lawyer said.

Dubai Refiner ENOC Says Seeking $1.5bn Long-Term Loan

The company said that the loan was for general corporate purposes.

Saudi Telecom Posts 32.6% Q4 Net Profit Slump, Raises Dividend

The firm made a net profit of SAR2.44 billion ($649.8 million) in the last quarter of 2014.

Qatar’s Emir To Attend Egypt Economic Summit, Sources Say

Qatar’s role as a host to exiled Brotherhood leaders has irritated Egypt, which considers the group a political threat.

Oil Prices Slip On Record Iraq Output

Oil prices have dropped by more than half since last June as output around the world has soared while demand growth has slowed.

Saudi Arabia Climbs To 2 On Logistics Index

The UAE, Oman and Saudi Arabia also ranked favourably in the Agility Index for their infrastructure and transport links.

Abu Dhabi Developer TDIC Confirms CFO Departure

TDIC’s deputy finance head Matt Matharu is currently serving as acting CFO, a spokesman said.

Air Arabia To Begin Services To China

The budget carrier will fly to Urumqi thrice a week on Tuesdays, Fridays and Sundays, from February 1 this year.

Saudi Issues Shoot On Sight Order For Border Infiltrators

The orders follow an attack on the Saudi border earlier this year leaving two guards and a senior military commander dead.

UAE’s Al Hamra Real Estate Says Increases Loan To $340m

The loan will be used for capital expenditure and general business purposes, Al Hamra said in a statement.

Stock News: Gulf Markets Rise As Oil Gains

Dubai’s index added 1.2 per cent, with Dubai Islamic Bank’s (DIB) 2.8 per cent gain the main support.

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Abu Dhabi’s Al Jaber Says Wins $545m Road-Building Contracts

Abu Dhabi General Services Co awarded the contracts to the company for improvements to two sections of the highway from Mafraq on the outskirts of Abu Dhabi.

Bahrain’s GFH Says No Information To Disclose After Shares Leap

In Dubai on Sunday, the shares soared their 15 per cent daily limit to Dhs0.35 in their heaviest trading since mid-December.

Saudi’s Sipchem Q4 Profit Falls 33% As Production, Sales Drop

Sipchem made a profit of 132.4 million riyals ($35.28 million) in the last quarter of 2014.

Five Minutes With.. Seehal Shah, CEO, GQ Bar & Vogue Cafe

GQ Bar and Vogue Cafe owner Inspired Global plans to bring an additional Vogue Licensed outlet to the region this year, according to CEO, Seehal Shah.

UAE’s ADNOC Seeks 288,000 T Gasoline For March-April Delivery

The specified amount is slightly higher than the usual volumes that the company buys, a Singapore-based trader said.

Former ‘Enemy Combatant’ Back In Qatar After Release From U.S. Prison

Ali al-Marri, who was convicted in 2009 of providing material support to al Qaeda, was released from federal prison in Colorado in the last few days.

UAE Firm Bids For Egypt’s Renewable Plants

Access Infra Africa plans to invest over $500 million in renewable power assets in Africa over the next three years.

Saudi’s Almarai Cites Sales Growth For 15% Profit Jump

The company made net earnings of SAR428 million in the last quarter of 2014.

Iran Minister’s Saudi Visit Delayed Due To Oil Price Fall – Tehran

The two sides have been talking about the visit for about 18 months, and a date had been tentatively set for last October.

Air Arabia May Lease Aircraft After Jordan Expansion – CEO

The airline ordered 44 Airbus A320s in 2007 and 29 of those hade been delivered by November 2014, according to Airbus data.

Saudi’s Savola Group Misses Estimates With 23% Profit Drop

Net earnings in the three months to Dec. 31 were SAR434.4 million.