Video: Behind The Scenes At $2.9bn Dubai Parks And Resorts

The $2.9 billion theme park complex is located in Jebel Ali and is slated to open in late 2016.

World’s Largest Roller Coaster Restaurant Opens In Abu Dhabi

The restaurant will span across 14,000 square foot and will have a network of 30 individual roller coaster tracks that loop, spiral and spin around diners to deliver the menu and food to tables.

Dubai’s Amlak Finance Signs Financial, Debt Restructuring Deal

The Islamic mortgage lender has been negotiating with creditors to finalise the deal, which was approved by shareholders in September.

Saudi’s Naimi Says Oil Market Will “Stabilise Itself Eventually”

Oil ministers from the Organization of the Petroleum Exporting Countries (OPEC) meet on Thursday in Vienna.

UAE Jails Man For Belonging To “Secret Organisation”

The 25-year-old Emirati man had disseminated misleading information at home and overseas about a court case involving the secret organisation, WAM said.

Two Policemen Injured By Bomb At Shi’ite Village In Bahrain

The Interior Ministry said the explosion in the small Shi’ite village of Deraz, west of the capital Manama, was a “terror blast”, but provided no further details.

Saudi, Russia Pre-OPEC Talks Yield No Oil Output Cut

Saudi has kept the market guessing about its response to crude’s fall amid rapidly rising U.S. shale output.

Dubai’s Al-Futtaim To Invest $700m In Egypt After Dispute Settled

Mohamed al-Makkawi, Al-Futtaim’s Egypt CEO, said the investments would be directed towards new projects in Cairo Festival City development.

Michelin Mulls Middle East Manufacturing Facility In The Future

The Middle East market, specifically Saudi Arabia, holds strong potential for growth for the French tyre company, says COO.

UAE Regulator Expects Three More Firms On Secondary Market By Mid-2015

Abu Dhabi-based firms The National Investor and Manazel Real Estate became the first companies to begin trading on the platform.

Dubai-Based Restaurant Chain Kcal Expands To Egypt

The fast food chain plans to open about 14 branches within Egypt following the launch of its first store.

Dubai’s Noor Bank Eyes Turkish Growth To Beat Competition

The bank has arranged syndications for Turkish borrowers worth more than $4.5 billion since 2010, including more than $2.1 billion in the past 18 months.

Emirates, DTCM Launch $20m Campaign To Attract Visitors To Dubai

The ‘See you in Dubai’ campaign will focus on attracting tourists from markets in Europe, Asia, Africa, Latin America and the Middle East.

Russian Oil Tsar Igor Sechin To Meet OPEC As Saudis Keep Market Guessing

Oil prices have fallen 30 per cent since June to below $80 per barrel.

Dubai’s Jumbo Electronics Launches Online Shopping Portal

Jumbo.ae has been developed in collaboration with Build-a-Bazaar, a subsidiary of Indian e-commerce firm Infibeam.

Oil Steady Below $80 Ahead Of OPEC Output Decision

Key will be what OPEC’s biggest producer, Saudi Arabia, decides, with some analysts expecting no price supporting action from the Kingdom.

Stock News: Egypt, Saudi Slide; Funds Start Buying In UAE, Qatar

Bourses in the UAE and Qatar began recouping early-session losses as stocks whose weightings in MSCI’s emerging markets index are set to increase topped trading volumes.

Saudi Builder Al Khodari Proposes $133m Capital Hike

The capital increase will require the approval of the bourse regulator and an extraordinary shareholder meeting, a bourse statement said.

UAE’s Topaz Plans To Raise $550m Loan To Fund Expansion

The company plans to use the proceeds to refinance an existing $380 million loan package at a lower interest rate and to provide cash for potential expansion.

UAE, China Mull Joint Investment Fund To Focus On Clean Energy Projects

A senior official said that the fund will be looking to invest in clean energy since it is an area of interest to both the UAE and China.

Building A Luxury Brand Image In A Digital World

Luxury managers often see digital media as a threat, but digital channels offer powerful connections with customers, say David Dubois, INSEAD assistant professor of marketing and Debbie Teo, INSEAD MBA ‘12.

Saudi Arabia Says Islamic State Ordered Attack On Shi’ites In Al-Ahsa

A ministry spokesperson said that the leader of the al-Ahsa attack had received orders from abroad, detailing the target and the location of the attack.

Saudi’s Naimi Says ‘As Happy As Can Be,’ No Clues On OPEC

Saudi’s oil minister brushed off questions about tumbling oil prices and surplus supplies.

Emaar Properties Gets Shareholder Nod For Dhs9bn Special Dividend

EMG listed 15.4 per cent on the Dubai Financial Market, raising $1.58 billion from the sale, which was well covered by investor bids.

UAE Fund To Provide $200m In Loans To Microfinance Projects In Egypt

Abu Dhabi-based Khalifa Fund for Enterprise Development said it signed the loan agreement with the Egyptian government in Cairo.

Kuwait’s KNPC To Invest $40bn To 2022

The company plans to invest in a new refinery and a clean fuels project, its chief executive said.

UAE Says OPEC Will Take “Appropriate Decision” -WAM

WAM also cited Mazroui as saying that lower oil prices “will not constitute a disaster for the UAE”, noting that the UAE has managed to diversify its economy away from oil.

Sony Mobile Reveals Details About Underwater Store In Dubai

Located at The World Islands, the store will be at a depth of four meters underwater.

Saudi Aramco To Nearly Double Planned Fadhili Gas Plant Capacity

The Fadhili gas plant is due to be in operation by the third quarter of 2018.

Dubai’s RTA Reveals Hike In Taximeter Starting Rate From Dec 1

The new flag-down rate will increase from Dhs3 to Dhs5 during the peak hour timings of 7-10 am and 4-8 pm.