Saudi King Calls On Egypt To Back Gulf Accord

Relations between Cairo and Doha have deteriorated since President Abdel Fattah el-Sisi took charge.

Infinix Sets Ambitious Middle East Sales Target For XOLO Like Smartphone

Infinix aims to sell 3,000 smartphones an hour during the opening sales weekend of the remarkably familiar ZERO smartphone.

Flydubai Narrows Price Guidance For $500m Sukuk

Credit Agricole, Dubai Islamic Bank, Emirates NBD, HSBC, National Bank of Abu Dhabi, Noor Bank and Standard Chartered are the arrangers for the sukuk sale.

Qatar Airways Says Delay On A380 Delivery Cost $200m – CEO

The airline faced a three-month delay in the delivery of A380 superjumbo jets.

VOX Cinemas Signed For Nakheel Mall On Dubai’s Palm Jumeirah

VOX Cinemas will occupy two-storeys in the upcoming mall and feature 15 theatres.

Bahrain’s GFH Completes Capital Reduction Plan, Cuts Losses

Accumulated losses on GFH’s balance sheet had been reduced by $134.4 million under the measure.

Airbus To Deliver First A350 Jetliner To Qatar Airways By Mid-December

The A350, Airbus’s newest plane and made with a carbon-fiber composite fuselage, is a direct competitor to Boeing’s 787 Dreamliner.

UAE Government Launches Official Instagram Account

The account, @UAEGOV, includes a library of exclusive photos of officials and behind-the-scenes work in government entities.

Dubai Golf Championship: McIlroy Ready To Take Advantage Of Jaded Rivals

The 25-year-old Northern Irishman believes a six-week break from golf has put him in the ideal shape.

Kuwait Central Bank: No Restrictions On Foreign Derivatives Trading

The central bank clamped down on derivatives trading in 2008 as Kuwaiti banks were hit hard by the debt problems of local investment firms.

Doha Wins Bid To Host 2019 World Athletics Championships

Qatar beat former Barcelona and Eugene, in the United States, to win the bid

Saudi Aramco’s Oil Resources To Grow To 900bn Barrels By 2025

Aramco produces almost 9.5 million barrels a day.

Bahraini Fund Mumtalakat Launches $600m Seven-Year Sukuk

The sukuk pricing was last revised to 210 basis points, plus or minus five bps, over midswaps, after being marketed initially at 220 bps over the same benchmark guidance.

Sharjah Officially Launches Dhs2bn Tilal City Project

The project will have 1,800 land plots and will be split into five zones featuring apartments, villas and townhouses.

Abu Dhabi Opens VIP Terminal

Top-end passengers can be driven to the aircraft in a Mercedes Benz limousine

UAE’s Abraaj Gets Go-Ahead On Bisco Misr Acquisition

Abraaj Investment Management will begin buying shares of Bisco Misr on Thursday and aims to complete its purchases by December 17.

Viva Kuwait Chairman Says Telco To List December 14

Adel Mohammad al-Roumi said that the company has fulfilled all the technical and legal requirements to list on the bourse.

Bahrain Investment Firm Arcapita Completes $100m Fundraising

The money will help Arcapita to make investments in the Gulf region as well as in international markets including United States, Asia and Europe, it said in a statement.

Dubai Carrier flydubai Sets Initial Price Thoughts For Sukuk – Leads

Pricing guidance for the five-year sukuk is in the area of 225 basis points over midswaps, a document showed.

Dubai’s Aviation Sector To Support Over One Million Jobs By 2030

The aviation sector supported a total of 416,500 jobs and accounted for 21 per cent of the emirate’s total employment in 2013, a new report said.

Top 10 Indian Cities For UAE NRI Property Investors

Mumbai tops the list, followed closely by Bangalore, finds new survey.

Saudi Crude Oil Exports Edge Up To 6.72m bpd In September

Saudi Arabia shipped 6.722 million bpd of crude in September, up from 6.663 million in August but lower than July’s 6.989 million, data showed.

Qatar Airways To Begin Daily Service To Edinburgh From Doha

The airline currently operates five times a week to Edinburgh and is the first to offer a direct air link between the Scottish city and the Middle East.

Almost 60% Of Finance Professionals In ME Expect A Bonus In 2014

The majority of regional financial professionals also expect bonuses to increase when compared to last year, finds survey.

Etihad Starts San Francisco Flights

Abu Dhabi carrier launches fifth US route and now serves two key Californian cities directly

UAE Committed To Supplying Market With Crude Needs – Oil Minister

Suhail bin Mohammed al-Mazroui also said that the country did not have a target for oil prices.

Saudi Investment Firm Jadwa Eyes Real Estate Push

Jadwa plans to partner with real estate developers in Saudi to select and execute projects on behalf of clients.

Saudi’s Advanced Petrochemical Sells SAR1bn Debut Sukuk

The five-year offering received investor orders worth SAR2.43 billion.

Qatar 2022 World Cup: Whistleblower Says FIFA Report Violated Confidentiality

Former Qatar bid employee Phaedra Almajid said the report violated public “assurances of confidentiality” from FIFA.

Kuwait’s Investment Dar, CBK, Skirmish Over Boubyan Bank Stake

Investment Dar has been embroiled in litigation over a stake in Boubyan Bank, which it sold to Commercial Bank of Kuwait in 2008.