Serco Enters Middle East Defence Market With Qatar Deal

Serco will provide postgraduate-level military education courses for Qatar’s officers in the navy, army and air force, in partnership with Britain’s Ministry of Defence and King’s College London.

Abu Dhabi Telco Etisalat Seeks Banks To Arrange Debut Bond Deal – IFR

The plan is to use bond market financing to take out a bridge loan signed in connection with the acquisition.

HTC Fights Back, Eyes Larger Market Share

After a poor 2013, the struggling phone maker says it is ready to claw back global market share.

RAKBANK Ups Foreign Ownership Limit By 20%

The new FOL would be 40 per cent and aims to improve the liquidity available to foreign investors.

IHG Targets UAE, Saudi For MidEast Expansion

The company has around 25 new hotels in the pipeline, which are to be launched over the next five years, a top executive said.

Dubai Holding Reveals 40 Plots For Mid-Range Hotels

The company plans to add budget hotels to meet growing demand

Kuwaiti Logistics Group Agility Q1 Net Profit Rises 11%

Agility made a profit of 11.24 million dinars ($40.04 million) in the first three months of 2014.

Etihad Does Not Need To Conduct Tender Offer For India’s Jet-Regulator

SEBI was examining whether the share sale agreement between the two airlines amounted to an acquisition of joint control in the Indian airline.

Hilton To Launch RAK Hotel

The company expands its footprint with yet another project to add to its growing number in the region

Saudi Arabia Crude Output Rises To 9.66m Bpd In April-Source

Saudi Arabia supplied 9.650 million bpd in April to the market, up from 9.533 million bpd in March, an industry source said.

Emirates To Recover Dhs1bn Loss From Runway Closure Within The Year – Chairman

Up to 25 per cent of the carrier’s fleet will be grounded during the 80-day runway closure.

UAE To Increase Screening Of GCC Camel Shipments Over MERS Fears

All camel shipments from the GCC will be quarantined for 24 to 28 hours until the laboratory tests are conducted, the ministry said.

Saudi Arabia Plans New Pilgrimage Airport At Taif

Most of the several million haj pilgrims coming from abroad each year now arrive at a special terminal in Jeddah’s international airport.

Emirates Airline 2013 Profit Rises 43%

Emirates made a profit of Dhs3.3 billion for the fiscal year ending March 31, it said in a statement.

Etihad To Acquire Abu Dhabi Aircraft Technologies From Mubadala

The deal will enhance Etihad Airways’ capability to undertake maintenance on its growing fleet.

Saudi Arabia Finds Another 18 MERS Cases As Disease Spreads

The total number of infections nearly doubled in April and has risen by a further 21 percent already in May.

Bahrain’s GFH Appeals Kuwait Market Regulator Monitoring

Kuwait’s regulator noticed GFH stock traded in high volumes in May 2013, the Islamic investment firm said in a statement.

Dubai To Spend Dhs6bn By 2025 To Become Green Paradise

The emirate is also mulling a law that would mandate the private sector to develop green areas in the city, a senior municipality official said.

UAE’s Etisalat Expects To Close Maroc Telecom Deal On May 14

Etisalat has agreed to pay 4.2 billion euros for the stake.

Lebanon Expects Gulf Arabs To End Travel Warning This Month

The GCC states warned citizens against visiting Lebanon last June because of the unrest in neighbouring Syria.

Arabtec’s Net Profit More Than Doubles

The Dubai-based contractor said is planning a series of acquisitions and mergers.

“Saudi Liberals” Website Founder Sentenced To 10 Years In Jail

Badawi was arrested in June 2012 and charged with cyber crime and disobeying his father.

Airbus Set For A350 Safety Approval In Late Summer- EASA

Airbus has said tests are going well on its new lightweight, medium-sized jet, developed at an estimated cost of $15 billion.

Omantel Q1 Net Profit Rises 18%, Beats Estimates

Omantel attributed the profit rise to a 29 per cent increase in wholesale revenue.

Iran, Six Powers Hold ‘Useful’ Nuclear Talks; Agreement Elusive

The next round of senior-level negotiations is due to take place next week in Vienna.

Emaar Confirms Four Dubai Inns

The budget hotel rooms span 26 sqm, with prices around Dhs300 a night

Saudi’s Abdul Mohsen Al-Hokair Gets Regulator Nod For IPO

The IPO will be divided into two sections and conducted as a book-build offering, the statement said.

AECOM Wins $28m Jeddah Metro Contract

The company will supply pre-programme management consultancy services and staff.

Hyatt Launches New Dubai Hotel Concept, Eyes Gulf Expansion

The group will launch four new projects in the UAE and Saudi Arabia by 2015, officials said.

Kuwait Zain Pays $12.5m To Up Stake In Bahrain Unit To 63%

Zain did not explain why it had done the deal but its chief executive said last year that the Kuwaiti telco wanted to retain majority control of the subsidiary.