Rising Costs Facing Mideast Firms In Fight Against Financial Crime

Many companies polled said that compliance costs had surged by more than 50 per cent over the last two years.

Foreign Direct Investment Flows To Dubai Reach Dhs28.6bn In 2014

The emirate’s top source countries for investment were the US, the UK, India, Netherlands, Germany and Italy.

Saudi Kayan Olefins Plant Resumes Production

Saudi Kayan had said earlier that it would shut several units at its petrochemicals complex in Jubail for about five weeks.

Diplomats And U.N. Staff Flee Yemen As Houthis Target Aden

The director general of Yemen’s Health Ministry said more than 68 people had been killed and 452 wounded in the city since Wednesday.

Prince Bishop Wins Dubai World Cup

Prince Bishop, trained by Godolphin’s Saeed bin Suroor, completed the 2,000 metre contest in two minutes 03:24 seconds.

Saudi Blogger Badawi Views Survival Of 50 Lashes As Miracle

In his remarks, Badawi recalled how he received the first round of lashes while surrounded by a cheering crowd that chanted “Allahu akbar” (God is greatest).

Soccer-Xavi Close To Deal With Al Sadd, Says Qatari Club

The 35-year-old has played for Barca a record 751 times since he graduated from the academy to the first team in 1998.

Saudi Arabia’s Yemen Gamble May Define Its Regional Role For Years

Success would establish Riyadh as de facto leader of the region’s Sunni states it has pulled together in a complex armed operation.

Saudi Arabia Decides To Restore Ambassador To Sweden – Al Arabiya TV

Saudi Arabia withdrew its envoy earlier this month over Swedish criticism of the monarchy’s treatment of women and dissidents.

Libya Tells Arab Summit Arms Embargo Must Be Lifted To Fight ISIL

The U.N. Security Council last year passed a resolution that tightened the international arms embargo on Libya.

Saudi Drawing Down FX Reserves To Cover Deficit, Data Suggests

Billions of dollars of Saudi money may be withdrawn from Western banks and financial markets this year as the country copes with a sharp reduction in its revenues.

Kuwait Opens Door For Foreign Operator To Own Part Of Stock Market

Such a move would open the way for an international exchange operator such as Nasdaq OMX or Euronext to take a stake in the stock market.

Aabar Chairman Says UniCredit Bonds Not An Exit From Bank Investment

Aabar chairman Khadem al-Qubaisi said the company may issue similar bonds linked to shares in other investments in future, although it currently had no plans to do so.

Investors Hope RWE’s Gulf Dream Offers Cash Or New Markets

The utility last week disclosed it was in talks with an unnamed Gulf investor, raising hopes that it could receive fresh funds and emerge from a crisis.

Kuwait Reassures Citizens On Strategic Food Stocks

Kuwait relies on imports for the majority of its food needs and depends on the narrow shipping lane of the Strait of Hormuz for imported food supplies.

Arab States See A Month Of Yemen Strikes, Maybe Longer, Official Says

The official said the attacks would go on until Yemen was able to resume a U.N.-backed political transition interrupted by the Houthis’ seizure of Sanaa in September.

Yemen War Clouds Raise Dangers For Top Oil Shipping Route

The conflict could potentially damage Bab el-Mandeb passage through which nearly 4 million barrels of oil are shipped daily to Europe, the United States and Asia.

Germanwings Co-Pilot Likely Crashed Jet Deliberately -Prosecutor

The pilot, left in sole control of the aircraft after the captain left the cockpit, refused to open the door and pressed a button that sent the jet into its fatal descent.

Kuwait Raises Security At Oil Facilities Due To Yemen Strikes – KUNA

These measures include “securing all industrial safety and security requirements and raising the level of security measures of oil installations.

Iran Demands Immediate Halt To Military Actions In Yemen

Saudi’s regional foe Iran has called a halt to the “military aggression” in Yemen.

U.S. Commends Saudi-Led Military Action Against Yemen’s Houthis

Gulf countries’ operations have received open support from the West.

Saudi Suspends Flights At Southern Airports Amid Yemen Strikes

The airports affected include Jizan, Abha and Wadi al- Dawaser, the General Authority of Civil Aviation said.

Borse Dubai Rules Out Nasdaq OMX Group Stake Sale

The company earlier confirmed it had sold its complete 17.4 per cent stake in the London Stock Exchange (LSE).

Pakistan Says Considering Saudi Request For Troops For Yemen

The decision to send troops to Yemen to support the Gulf states’ operation is being examined by Pakistan, an official said.

Borse Dubai Says Sold Complete Stake In London Stock Exchange

The firm had been the biggest single shareholder in the LSE prior to the sale.

Jordan Participates In Saudi-Led Operation In Yemen – Official

Jordan has close ties to the Gulf states and depends heavily on regional heavyweight Saudi Arabia for shoring up its economy.

Saudi’s Almarai Says Gets $67m Compensation For Bakery Fire

The fire in October 2014 caused “significant” damage at one of Almarai’s bakeries in Jeddah, the company said at that time.

Abu Dhabi Airports Chief Tony Douglas Steps Down

Authorities said the CEO’s departure would not affect the Midfield Terminal expansion.

Stock News: Gulf Markets Sink After Yemen Intervention; Dubai Worst Hit

Dubai’s index, which is the most volatile in the region because of leverage and the dominance of short-term investors, tumbled 5.1 per cent.

Dubai Launches Second Phase Of Healthcare City Project

The project, built at a cost ranging between Dhs3 billion and Dhs5 billion, will spread across 22 million square feet in the Jadaf area.