King Salman Pledges To Maintain Stability, Create Jobs

In his first major public speech, the king vowed to create more private sector jobs and deal with all security challenges.

Jordan’s King Abdullah Urges EU To Fight “Islamophobia”

The king said that European governments must promote “mutual respect” and an “inclusive society”.

Kuwait’s Tamdeen Group Launches $700m Mixed Use Project

The project will include a mall, two high-rise residential towers, one furnished apartment tower, a marina and a five star hotel.

Smartphone Maker InnJoo Plots 1m MEA Sales In 2015, Reveals New Device

InnJoo, which launched in the Middle East last year in partnership with e-commerce site Souq.com, has sold 300,000 devices over the last six months.

Oman’s Bank Dhofar Cuts Proposed Cash Dividend On Central Bank Advice

The bank did not explain the reasoning behind the recommendation, but said it would increase its bonus share issue to 15 per cent from 10 per cent.

Blocked Online, ISIL Supporters Launch CaliphateBook

The site 5elafabook.com, which resembled Facebook but appeared unfinished, went live on Sunday then went offline again a day later.

Bahrain Refinery Expansion To Cost Some $5bn, Online By 2019

The increase in refinery’s capacity according to the current plan is from 260,000 barrels per day to 360,000, the minister said.

Kuwait OPEC Governor: Expects OPEC To Continue Policy

OPEC decided at its last meeting in November to keep production unchanged, rather than cutting it to support sliding oil prices.

Video: Workers Stage Strike In Downtown Dubai Over Wage Issues

Hundreds of labourers from the Fountain Views project gathered in Downtown Dubai to demand bonuses, eyewitnesses said.

Human Rights Or Business? Saudi Defence Accord Sparks Storm In Sweden

Analysts say the Swedish government’s change of tack in foreign policy could jeopardise billions of dollars in sales, particularly for defence-related companies

Dubai’s Union Properties Proposes First Cash Dividend Since 2002

The board also proposed a five per cent bonus share issue for 2014.

Apple Debuts $17,000 Watch, Some Waiting For Killer App

Investors and analysts agreed that Apple would sell millions to fans but questioned whether it had a “killer app” that would engage a broader audience.

Revealed: Top 10 Salaries In Saudi Arabia

Average salaries in Saudi Arabia rose seven per cent to reach $12,978.3 per month in the Gulf Business 2015 Salary Survey.

Sidelined In Tikrit, U.S. Says War On ISIL Will Be Won

Washington has been training and equipping the Iraqi army to fight back the ISIL militants.

Saudi Kayan Names Abanmai As President

Abanmai has previously served in several executive posts at SABIC and its affiliates, a bourse filing said.

France Wants UN Security Council Meeting On Minorities In Middle East

Laurent Fabius said that he would chair the meeting which would discuss the problems of Christians and other minorities in the region.

Video: Samsung Galaxy S6 Edge Hands On

A brief look at Samsung’s new flagship smartphone.

Saudi’s Safco Gains Regulatory Nod For $222.2m Bonus Share Issue

Safco will raise its capital from SAR3.33 billion to SAR4.16 billion ($888 million-$1.11 billion), according to a filing on the bourse website.

First Tryp Hotel In UAE Opens

Wyndham’s brand enters the underserved select-service mid-market

Dubai’s Dnata Buys Majority Stake In UK-Based Holiday Firm

The company did not disclose the value of the deal or the exact size of the stake it purchased.

UAE Beat Iran To Win 2019 Asian Cup Hosting Rights

The UAE has staged events such as the 2009 and 2010 FIFA Club World Cups and the FIFA under-17 World Cup in 2013.

Oil, Gas Industry May Cancel $1trn Projects On Price Fall -Aramco

Aramco executive said that the $1 trillion figure included projects that might merely be delayed, not just those that could be cancelled outright.

Show Us Proof: UAE Minister Hits Back In Airlines Subsidy Row

Sultan bin Saeed al-Mansouri said that the word subsidy is often misused and warned that it should not be used without sufficient proof.

Saudis Block Swedish Minister’s Speech At Arab League

The move comes after Sweden’s foreign minister criticised Saudi Arabia’s decision to punish blogger Raif Badawi.

Oman, Brunei Sovereign Funds Partner In Aircraft Leasing

Oman Brunei Aviation Leasing Co will invest in and manage the purchase and lease of commercial aircraft operated by airlines in the Middle East and globally.

Saudi Aramco Says Operating 212 Drilling Rigs, No Decision On Increase

Aramco deployed 210 oil and gas rigs in 2014, an exceptionally busy year, company sources had said.

Damac Launches Limited Edition Of Trump Luxury Villas In Akoya

Prices for Trump PRVT mansions will start at Dhs6.5 million.

Bahrain Says Will Address Audit Report On $1bn Spending Violations

A report by a state audit body alleged BD400 million of public funds had been wasted by government departments and state-linked firms.

UAE To Try Kuwaiti Ex-MP For Insulting Leaders

Mubarak Fahad Ali Fahad Al Duwailah is charged with accusing the UAE of being against the Sunni Islam school and for insulting the Gulf country’s leader.

Egypt’s Orascom Construction Shares Rise In NASDAQ Dubai Listing

Trading on the Cairo stock market is expected to begin on Wednesday, the company’s chief executive said.