Bahrainis Vote In Second Round Of Parliamentary Election

Bahrain said participation in the first round was 53 per cent.

Egypt Repays $2.5bn Deposit To Qatar

The payment brings the amount Egypt has returned to Qatar to $6 billion, leaving $500 million outstanding.

Dubai’s Meraas Says Share Sale To Professional Investors Well Covered

Dubai Parks and Resorts, a unit of Meraas Holding, is selling 40 per cent of its shares.

Abu Dhabi Crown Prince In Qatar To Seal Reconciliation Before Summit

The UAE, Saudi Arabia and Bahrain agreed at an emergency meeting on Nov. 16 to return their ambassadors to Qatar.

Pakistan In Talks With Qatar About LNG Imports In 2015

Nearly half of Pakistan’s electricity is generated by gas.

Airbus Sells Part Of Dassault Back To French Planemaker

The move will result in a net reduction of Airbus Group’s stake from 46.3 per cent to 42.1 per cent.

UAE May Create Body To Monitor FX Peg, No Policy Change Likely

Since 1997, the UAE dirham has been fixed at a rate of 3.6725 to $1.

Dubai World Sets Meetings To Put New Deal To All Creditors

Meetings will take place in London on Dec. 1 and Dubai on Dec. 8.

Bahrain’s Batelco Hires Citigroup To Sell Jordan Unit

The Bahraini telecom operator paid $416.2 million for a 96 per cent stake in Umniah in 2006.

Why Dubai’s Property Firms Are Delving Into Hospitality

Real estate firms in Dubai are developing hotels and hotel apartments as they seek to tap into the rising number of tourists.

Oil Prices Fall To 4-Year Lows As OPEC Production Cut Looks Unlikely

Oil prices have fallen by more than a third since June mainly due to increasing production in North America from shale oil.

Emirates To Launch A380 On Three New Routes Next Week

San Francisco, Milan and Houston are the three destinations that will be served by the jumbo jet in the first week of December.

UAE Dirham Falls To One Year Low Against Dollar In Forwards Market

The dirham is pegged to the dollar at 3.6725 and is trading in the spot market at 3.6730.

Lego Opens First MENA Store In Abu Dhabi, Plans Dubai Store “Soon”

Spread across 198 sqm, the Lego certified store is located in the newly opened Yas Mall.

UAE’s Dana Gas In Talks With Egypt Over Revising Gas Prices

The Egyptian authorities have been negotiating with a number of international energy firms to improve the price which they are paid for gas.

Dairy Queen Fast Food Brand To Return To UAE In 2015

The first Dairy Queen Treat Stores and Grill & Chill restaurants are expected by Q2 2015.

Brazil’s BRF Opens Dhs588m Factory In Abu Dhabi

The plant, which is BRF’s largest outside South America, will have production capacity of approximately 70,000 tonnes of food products a year.

Low Expectations For Oil Output Cut As OPEC Meets

Cutting output unilaterally would effectively mean for OPEC, which accounts for a third of global oil output, a further loss of market share to North American shale oil producers.

Sharjah’s Rents Soar 23% In First Nine Months Of 2014

Apartments in Sharjah continued to see strong demand, with rents rising by 35 per cent in the 12 months to the end of Q3, a new report says.

Kuwait Says Will Have To Live With Oil At $60, $80 Or $100

Kuwait’s stand comes as Gulf OPEC members reached a consensus to not cut output to stem oil price fall.

Saudi’s Naimi: Gulf Countries Reached Oil Output Policy Consensus

Al Naimi did not specify if the Gulf countries were in favour of a output cut ahead of a key OPEC meeting on November 27.

Ex Arabtec CEO Plans Sale Of Remaining Stake, Seeks Premium Price

A stock market announcement on Nov. 11 said Aabar had become Arabtec’s largest shareholder after hiking its stake to 34.93 per cent through the purchase of shares from Ismaik.

Qatar Runs Covert Desert Training Camp For Syrian Rebels

Syrian rebel sources said training in Qatar has included rebels affiliated to the “Free Syrian Army” from northern Syria.

Kuwait’s Appeals Court Cuts Insider Trading Fine Against Al Ahli Bank Chairman

In March, the Court of First Instance fined Ahmed Yousef Behbehani after a complaint by the Capital Markets Authority.

Dubai Expo 2020 Marks One Year Of Winning Bid, Provides Updates To BIE

The tender for construction works at the Expo Dubai 2020 site in Jebel Ali is expected to be awarded next year.

Dubai Lynx Reveals Jury President Line-Up For 2015

The competition will have two extra awards this year, namely the Grand Prix for Good and the University of the Year.

HSBC To Refund UAE, Oman, Bahrain Customers For Excessive Fees

The lender said it charged them excessive foreign currency fees on debit and credit card transactions.

UAE Sees Oil Price Stabilising, Steps Up Pressure On Non-OPEC

OPEC leader Saudi Arabia signalled on Wednesday it was unlikely to push for a major change in oil output.

2022 World Cup: New $1.6bn Hotel, Expo Centre Planned In Doha

The 1000-room Silver Pearl Hotel, designed by New York–based M. Castedo Architects, will be located offshore near Doha.

Jumeirah Golf Estates Launches New Residential Units Over Strong Demand

The developer did not specify the number of new units set to be launched or the estimated completion date.