Blizzards Hit Middle East, Refugees Bear Brunt

The storm is forecast to last several days, threatening further disruption in Lebanon, Syria, Turkey, Jordan, Israel, the West Bank and the Gaza Strip.

Attackers At French Newspaper Seen As Trained Islamist Fighters

Terrorism experts said the hooded gunmen appeared to have carried out their attack methodically.

Saudi Arabia Condemns Deadly Attack On Paris Satirical Magazine

Saudi Arabia said in a statement via its official news agency that it denounces this “cowardly terrorist act”.

Qatar Airways To Cut Surcharge Following Oil Price Drop

The company declined to comment on exactly how much the cut would be or when it would be implemented.

Banque Saudi Fransi Says Recommends Cash Dividend For H2 2014

The bank said that it recommended a cash dividend of SAR0.5 per share ($0.13) for the second half of 2014.

Saudi British Bank Gets Nod For 50% Bonus Share Issue

The Capital Market Authority said that Saudi British Bank could issue one bonus share for every two shares held.

Oman Has No Plans To Cut Spending As Oil Slides -Minister

The minister said on Wednesday that the Oman’s budget assumed oil prices would average $75 per barrel this year.

Abu Dhabi Plastic Maker Borouge Says Prices To Steady In 2015

Borouge is a joint venture between state-owned Abu Dhabi National Oil Company and Austria’s Borealis.

UAE Favours Bourse Merger But Up To Exchanges -Minister

A possible merger of the Abu Dhabi Securities Exchange with the Dubai Financial Market has been discussed on and off for years.

Qatar’s GIS Says Business Unaffected By Lower Oil Prices

The company said that its contracts were based on fixed rates which had an average life of between three and five years.

UAE Firms Delaying IPO Plans Due To Weak Markets -Regulator

The Abu Dhabi and Dubai stock markets have dropped sharply in the past several months as the slide in global oil prices has burst speculative bubbles in equities.

Abu Dhabi Financial Centre To Base Rules On English Common Law

The Abu Dhabi Financial Centre will have its own administration, court system and tax incentives to attract banks and companies from around the world.

Qatar Airways Unveils First A350XWB

Qatar’s 283-seat aircraft was officially unveiled to international media and dignatories in Doha today.

UAE Online Job Postings Rise 13% In December

Online job postings in Banking, Finance, Services and Insurance (BFSI) saw the largest growth, rising by 27 per cent, the index showed.

Qatar Airways Finalises Deal For Four Boeing Freighters

The Gulf airline also purchased rights for four additional planes, bringing the combined value of the deal to $2.46 billion when exercised.

Stock News: Gulf Markets Stabilise After Sharp Drops

Dubai’s bourse, which had suffered more than others and fallen 8.6 per cent this week, added 0.8 per cent in a broad recovery.

Brent Crude Oil Drops Below $50 For First Time Since May 2009

Crude oil prices have plunged more than 55 per cent since June, when benchmark Brent traded above $115 a barrel and U.S. crude above $107.

Qatari Diar Transfers Al Khaliji Stake To Qatar Investment Authority

Diar, which had been Al Khaliji’s largest shareholders, moved 61.9 million shares in Qatar’s sixth-largest bank to QIA.

Saudi Retailer Jarir Posts 25.5% Q4 Net Profit Jump

The company made a net profit of SAR200.8 million($53.5 million) in the fourth quarter.

UAE Oil Minister Says Oversupply May Last Months Or Years

Suhail bin Mohammed al-Mazrouei also said that the UAE would not panic over low prices and the market would eventually stabilise itself.

Dozens Killed And Wounded In Yemen Police College Blast

The blast appeared to target a group of students outside the college,

Protesters Injured In Bahrain Clashes – Witnesses

The witnesses said protest marches in Sheikh Salman’s district of the capital, turned violent, with security forces firing bird-shot and tear gas at the demonstrators.

Egypt’s Bisco Misr Shareholders Agree To Sell Stake To Kellogg

Shareholders controlling 59.91 per cent of the company’s shares had agreed to sell at 89.86 pounds per share, Bisco Misr said in a statement.

Brent Falls More, Saudi Arabian King Speaks

Brent crude fell as low as $51.23 a barrel on Tuesday, its lowest level since May 2009.

King Says Saudi Arabia To Deal With Weak Oil Challenge With ‘Firm Will’

King Abdullah said that lower prices were primarily caused by weakness in the global economy.

Rotana Opens Bahrain Hotel

Design-led hotel targets business and leisure guests as more five-star supply beckons

Middle East Sales Drive Rolls-Royce’s Record Year

The UAE was the third largest market for Rolls-Royce after the US and mainland China in 2014, while Saudi Arabia was fifth.

Arabtec Denies Reports Of Immediate Acquisitions

The company’s statement follows reports that it had assigned a consultant to advise on potential take over bids.

Saudi’s Jabal Omar Signs SAR4bn Loan Refinancing For Mecca Project

It did not give the details of the previous loan but said it was signed with six banks in June 2012.

Etihad Forecasts Normal Operations Post Fog Delay

The airline will also review the amount of time its flights can be on the tarmac with passengers on board, following reports of passengers being held on a plane for nearly 12 hours.