Saudi Arabia Sentences Outspoken Shi’ite Cleric To Death

Last year a prosecutor said he was seeking to convict Sheikh Nimr al-Nimr for “aiding terrorists” and “waging war on God”, which carry the death penalty.

Dubai’s Damac Expands Hotels Deal With Paramount

The new hotels and serviced residences will be launched over the next five years across Dubai, Abu Dhabi, Jeddah and Istanbul.

UAE’s Amanat Holdings Dubai Share Sale To Open Oct. 20

The offer period for the flotation, in which shares will be priced at Dhs1 each, will run until November 4, the company said in a statement.

IndiGo Inks Airbus’ Largest Single Aircraft Deal

Indian low-cost carrier makes second commitment to A320 neo programme

Stock News: UAE Markets Rebound, Qatar Weakens

Dubai’s index added 1.2 per cent in a broad rally while Abu Dhabi edged up 0.2 per cent.

Oman’s Bank Dhofar Q3 Net Profit Rises 18%, Misses Estimates

The bank made a net profit of OMR9.8 million ($25.5 million) in the three months to Sept. 30, up from OMR8.3 million in the same period of 2013.

Bank Muscat Q3 Net Profit Rises 2.5%, Misses Estimates

The bank made a quarterly profit of OMR40.39 million ($104.9 million) in the three months to September 30, it said in a statement to the Muscat bourse.

HSBC Bank Oman Q3 Net Profit Rises 9%

The lender made a net profit of OMR3.8 million ($9.87 million) in the three months to September 30, compared with OMR3.5 million in the same period of 2013.

Kuwait Keeps Wide Discount To Saudi Oil In Market Share Battle

Kuwaiti crude for November was priced at a discount of 50 cents per barrel to Saudi Arab Medium, unchanged from a month ago and the widest in 10 years.

Al Noor Hospitals To Spend Up To $200m On Acquisitions In 2015

Al Noor has made three acquisitions in the UAE this year, including a cancer centre, and hopes to add further buys in the coming year, vice-chairman Kassem Alom said.

Saudi’s Riyad Bank Meets Expectations With 7.8% Q3 Net Profit Gain

The bank said it made SAR1.08 billion ($280 million) in the three months ending September 30, compared with SAR998 million in the same period of 2013, according to a bourse filing.

US National Shot Dead In Saudi Capital Riyadh

The assailant, who was wounded in the attack and then detained, is a Saudi national who was born in the United States.

Swiss Airline Darwin Waters Down Etihad Deal To Get Green Light

Etihad has agreed to relinquish a role in the appointment of top executives at Darwin.

Qatar Emir Tells Saudi King He Met Terms To End GCC Rift – Source

Saudi Arabia, Bahrain and the UAE recalled their ambassadors to Qatar in March, accusing Doha of failing to abide by an accord not to interfere in each other’s internal affairs.

Swarovski, Tebyan Officially Launch Crystal-Themed Towers In Dubai

The project is expected to be completed by December 2016, the developer said in a statement.

Etihad Partners Air Berlin, Alitalia Sign Codeshare Deal

The airlines, both battling to return to profitability, said the codeshare deal would cover 412 flights between Italy, Germany, Austria and Switzerland.

Middle East’s Mega Refineries Up Diesel Output Just As Demand Fades

The IEA forecast that the Middle East’s net oil product exports will reach nearly one million barrels per day in 2015.

National Bank Of Oman Q3 Profit Rises, Beats Forecasts

The lender made a net profit of OMR14.1 million in the three months to Sept. 30.

Dubai’s Godolphin Mourns Loss Of 2012 St Leger Winner Encke

The five-year old horse died after sustaining a hind limb injury during a routine exercise.

Saudi Prince Alwaleed Warns Against Oil Prices Slide

Brent crude oil touched just above $88 a barrel on Tuesday – its lowest in almost four years.

Etihad’s Revenues Grow 29% In Q3 2014

The boost in third quarter revenues was mainly due to rising passenger demand and cargo growth during the summer, the airline said in a statement.

Pictures: Dubai’s Burj Khalifa Opens World’s Highest Observation Deck

Called At the Top, Burj Khalifa SKY, the deck will be located at Level 148 and will include an outdoor terrace and a premium lounge.

Saudi Arabia and Iran Swap Accusations As Tensions Persist

Shi’ite Muslim Iran and Sunni Saudi Arabia are enmeshed in a struggle for influence across the Middle East and they support opposing sides in political disputes across the region.

Middle East Lacks Adequate Theme Park Hotels – Report

With new leisure attractions coming up in the region, hoteliers must target the theme park hotels sector, says Colliers.

Stock News: Gulf Markets Pull Back Again On Weak Global Lead

Dubai’s bourse dropped 1.2 per cent as most stocks pulled back while heavyweights such as Emaar Properties and Arabtec Holding fell slightly.

Oman’s Bank Sohar Scraps Convertible Bond, Plans OMR40m Rights Issue

The lender said that its board had decided against issuing the convertible “due to uncertainty regarding its eligibility as an additional Tier 1 instrument”.

UAE Economy Ministry Says Falling Oil Prices Won’t Hurt 2014 GDP

The official said that the fall in oil prices will not deeply impact UAE’s GDP growth since the country is economically diversified with oil accounting for less than 30 per cent of the GDP.

Majority Of UAE Workers Say IT Security Policies Hinder Productivity

Around 20 per cent of the employees polled in the UAE said that IT security policies made it harder for them to do their job, a new survey shows.

Saudi Hollandi Bank Meets Expectations With 6.6% Q3 Profit Gain

The lender said it made SAR461.8 million ($123.1 million) in the three months to September 30 compared with SAR433.3 million in the corresponding quarter of 2013.

Oman’s Raysut Cement Posts 17.8% Q3 Net Profit Increase

The company made OMR5.3 million ($13.8 million) in the three months to Sept. 30, compared with OMR4.5 million in the corresponding period of last year.