Emirates Mulls Offering Free Wi-Fi On Board All Flights

The airline said that almost half a million passengers have connected to its in-flight wi-fi since Emirates launched the service three years ago.

Gunmen Kill Five In Saudi Arabia, Six Suspects Arrested – SPA

Three masked men opened fire at a group of citizens belonging to the Shi’ite muslim sect as they were leaving a building, state news agency SPA reported.

Kuwait’s Americana Says Shareholder In Talks On Stake Sale

The company did not identify the parties but stressed that no final agreement had been reached and no binding commitments had been made.

Kuwait To Raise Crude Oil Exports To Egypt, Could Send Diesel

Kuwait has said it would ship around two million barrels of crude oil a month to Egypt, giving it priority as a buyer ahead of sales from storage into the Mediterranean market.

Facebook Cashing In On Video Ads As MENA Users Reach 74m

The social networking website is tapping in on its recently introduced video features to attract more advertising revenues.

Spanish Firm Appointed To Operate Hollywood, Bollywood Theme Parks In Dubai

Madrid-based Parques Reunidos will operate the two theme parks coming up within the bigger Dubai Parks & Resorts Complex.

UAE Remains Top Pick For Middle Eastern Property Investors – Survey

The levelling-off in the market is however prompting investors to explore other asset classes, said the JLL survey.

Accor To Double ME Inventory, Invest €225 Million In Digital

French hospitality giant confident about region’s outlook and identifies eight key tech areas

Kuwait’s KIPCO Q3 Net Profit Rises 26%

KIPCO made a net profit of KD10.1 million ($34.8 million) in the three months to Sept. 30, up from KD8 million in the same period of 2013, it said in a statement.

Commercial Bank Of Kuwait Cancels KD120m Bond Issue

The bank said that despite attracting sufficient attention for the transaction from investors, the bond issue was cancelled due to “legislative and technical issues”

Saudi October Non-Oil Business Growth Slows But Still High

Competitive pressures and signs of moderating demand slowed growth.

China Makes ICBC Yuan Clearing Bank For Qatar

China has appointed clearing banks for Taiwan, Singapore, London, Frankfurt, Paris, Luxembourg and Seoul in the past two years.

Qatar Sovereign Fund To Launch $10bn Investment Fund With China’s CITIC

QIA, estimated to have around $170 billion, and state-owned CITIC Group signed an MoU to launch the 50-50 investment fund.

Kempinski Opening Doha Resort On December 1

New resort means the luxury chain can now target upscale leisure travellers

UAE Oil Minister: Concerned About Oil Price Fall “But Not Panicking”

Brent crude fell towards $84 a barrel on Tuesday, after top oil exporter Saudi Arabia cut prices to the United States.

ADWEC MD Predicts Decoupling Of Power And Water

H. E. Mohammed Bin Jarsh’s predictions also included a shift to membrane technology for water production.

Qatar’s Wealth Fund Expands In China, Eyes New Investments

The fund is best known for European investments including the acquisition of London department store Harrods.

UAE Business Activity Growth Jumps To Record High In October

Employment creation across the UAE’s non-oil private sector accelerated, with almost 17 per cent of firms recruiting new staff.

Etihad-Owned Air Berlin Names New CEO In Push For Return To Profit

CEO Wolfgang Prock-Schauer will be replaced by Stefan Pichler on February 1, 2015.

Abu Dhabi’s Tallest Building Named After Dubai’s Ruler Sheikh Mohammed

The 382-metre high tower comprises 474 residential units and is the main feature of the World Trade Center Abu Dhabi project.

Kharafi National Consortium Submits Lowest Bid For Kuwait Airport Contract

Other bidders for the contract included China State Construction Engineering Corporation and Arabtec.

UAE’s Emirates Airline To End FIFA Sponsorship

Emirates was one of six main FIFA sponsors who collectively paid around $180 million last year.

Vodafone Qatar Posts Smaller Q2 Net Loss, To Turn Profitable In 2015

Vodafone made a net loss of SAR53.5 million ($14.69 million) in the third quarter of 2014, the company said in a statement.

Saudi Regulator Starts Probe Into Telco Mobily After Earnings Revision

Mobily asked for its shares to be suspended on Thursday, seeking more time to review unspecified “significant matters” in its financial statements.

Abu Dhabi Islamic Bank Posts 21% Q3 Net Profit Jump

The bank made a net profit of Dhs476.8 million ($129.8 million) in the three months to Sept. 30, up from Dhs395.5 million in the prior-year period.

Kuwait’s Zain Q3 Net Profit Falls 13%

The company made a net profit of KD46 million ($158.4 million) in the third quarter of 2014, down from KD53 million in the year-earlier period.

Dubai’s DIFC Investments Issues Price Thoughts For 10-Year Sukuk

The firm is currently earmarking the U.S. dollar-denominated sukuk to price in the area of the very low 200s in terms of basis points over midswaps, a document showed.

Marka To Open UAE’s First Harper’s Bazaar Café

The first café will open in the UAE before November 2015, the company said in a statement.

Saudi Sipchem Says Unit To Shut Methanol Plant For Maintenance

The shutdown, which will start on Wednesday, will boost efficiency and production, Sipchem said in a bourse filing.

Kuwait’s Gulf Cryo Raises Capital By 50% To KD22.5m

The extra funds had come from the injection of voluntary reserves and retained earnings, as agreed by Gulf Cryo’s owners, it said in a statement.