UAE Lists Muslim Brotherhood As Terrorist Group

The move echoes a similar step by Saudi Arabia in March and could increase pressure on Qatar whose backing for the group has sparked a row with fellow Gulf monarchies.

Islamic State Leader Urges Attacks In Saudi Arabia

Baghdadi urged supporters in Saudi Arabia to take the fight to the rulers of the kingdom, which has joined the U.S.-led coalition in mounting air strikes against the Islamic State group in Syria.

Mexico And Saudi Arabia Push For Stable Oil Markets

Representatives from both Saudi Arabia and Mexico agreed that all efforts should be made to stabilize international oil markets.

Emirates Hopes For Talks With Airbus On A350 In Next Few Months

Clark said Emirates had cancelled the order after Airbus changed the plane’s specifications but it would look closely at how the aircraft performs once it starts flying.

OPEC Split On Whether Naimi For Or Against Oil Output Cut

Saudi’s oil minister Ali al Naimi said the Kingdom’s policy of seeking stable global markets had not changed.

Gulf Bonds Shrug Off Cheap Oil, Dubai May Be Vulnerable

Gulf bonds are actually viewed as defensive plays by some international investors, even though the region is heavily exposed to oil prices and the scene of a fair amount of geopolitical instability.

Houthi Advance Raises Alert For Saudi Border Guards

Sunni Saudi Arabia is alarmed by the Houthis links to Iran and fears they may seek to emulate the king-making role played in Lebanon by its Shi’ite militia Hezbollah.

Luxury Auction House Christie’s Taps Into Region’s Real Estate Boom

The Christie’s name will soon be facilitating the sale of more than just art and watches in the UAE.

Unlisted flydubai Says H1 Net Profit Up 40% Ahead Of Debut Sukuk

The unlisted airline, which started operations in June 2009, made a net profit of $14 million in the first half of this year.

Qatar Cuts Oil Output Due To Oversupply, Maintenance

The reduction to 650,000 was decided because of market oversupply, with the second to 500,000 made necessary by refinery maintenance, the source said.

FIFA Investigator Slams ‘Erroneous’ Ethics Report Following All Clear For Qatar

Investigator Michael Garcia has argued today’s summary of his findings confirming Qatar’s running of the tournament in 2022 is “materially incomplete” and “erroneous”.

UAE-Based KEF Holdings To Invest Over Dhs900m In India

The investment will be channeled through its KEF Infra and KEF Health verticals, the company said.

Saudi ACWA, Spain’s Abengoa Bid Lowest On Moroccan Solar Plants -Sources

Moroccan solar energy agency Masen said consortiums led by Spain’s Abengoa, GDF’s International Power and ACWA Power had been pre-selected for the 200 MW (Noor II) tender.

RAK Ceramics To Exit Non-Core Assets, Sees Benefits From Q4 – CEO

The chief executive declined to specify exactly which assets the company wanted to exit or how it would do it.

Dubai’s Emirates To Resume Flights To Iraq’s Erbil

Emirates will restart two weekly passenger flights from November 16 and increase the frequency to four times a week from December 4, it said in a statement.

Almost 70% Of Tech Start-Ups In MENA Struggle For Funding

Start-ups still lack adequate funding options despite the growth of venture capital firms and other alternative forms of funding, a Silicon Oasis survey shows.

FIFA’s Ethics Judge Gives All-Clear To Qatar’s Bid

In a long-awaited report, the committee said that it found no grounds to reopen the bidding process for the soccer tournament.

Saudi Arabia’s Jabal Omar Shares Rise After Swing To Profit

Jabal Omar said that it made a profit of $115 million in the fourth quarter of the Hijri calendar year which ended last month.

Kuwait To Spend $40bn To Boost Oil Output By 2020

Kuwait is planning to lift its capacity to four million barrels per day by 2020 and maintain that figure by 2030.

Goldman Leads $1.15bn Project Loans For Dubai Theme Parks

The project financing will fund construction of the parks, along with equity provided by Meraas investment group and the $689 million initial public offering (IPO) of 40 per cent of Dubai Parks and Resorts.

Abu Dhabi’s Aldar To Spend $1.08bn In Short-Term On Projects -CFO

Aldar is working on 23 development projects in Abu Dhabi and is focused on completion of existing projects, CFO Greg Fewer said.

Bombs Explode Near Egyptian, UAE Embassies In Libyan Capital

There were no immediate details of whether embassies were the target of the bombs or whether any staff or security guards were in the buildings at the time.

Samsung Electronics Chases Curved Smartphone Wave To Beat Flat-Screen Crowd

Profits from new handsets will depend on their cost-effective production and the company’s success in coaxing developers to tailor applications for the new format.

Stock News: Earnings Lift Abu Dhabi; Dubai Slips

Abu Dhabi’s index climbed 0.1 per cent while Dubai’s bourse edged down 0.3 per cent.

Abu Dhabi To Charge Citizens For Water Use, Hikes Tariffs For Residents

The emirate, which provided water for free to UAE citizens, will charge a fee of Dhs1.7 per 1,000 litres for Emiratis from next year.

Dubai’s DP World To Buy Economic Zones World For $2.6bn

The purchase of EZW, currently owned by Port and Free Zone World, includes the assumption of net debt of $859 million.

Abu Dhabi’s Aldar Properties Q3 Net Profit Up 41%, Beats Estimates

Aldar made a profit of Dhs584 million ($159 million) in the third quarter of 2014, compared with Dhs413 million in the corresponding period in 2013.

Saudi Arabia To Double Natgas Output By 2030, No Exports Planned

Saudi Arabia will use the extra output to meet its own rising energy demands, including both power generation and water desalination.

Saudi’s Naimi Rejects Oil Price War Talk, Seeks Only Stability

Saudi Arabia’s oil minister said that the Kingdom wanted to work “with other producers to ensure price stability for the interest of producers, consumers and the industry at large”.

EmiratesLNG To Start Operations Mid-2018 – CEO

Once complete, the terminal will be capable of supplying an average of 1.2 billion standard cubic feet (bcf) of natural gas per day to the UAE.