Egypt Reaches $8.5bn Funding Goal For Suez Canal Expansion

The Suez Canal project includes the development of 76,000 sq km around the canal into an international industrial and logistics hub.

Islamic State Supporter Warns Of Attacks Against U.S – SITE

The posting on the Minbar Jihadi Media website condemned “intervention in the affairs of other peoples” and said it would trigger an equal response, SITE said.

Gulf Business Industry Awards 2014: Special Individual Winners

Revealed: H.E. Mohamed Alabbar, chairman of Emaar, was handed the prestigious Lifetime Achievement Award of the year.

Saudi’s Savola Says JP Morgan To Advise On Possible Stake Buy In Americana

Savola said in August it had held preliminary talks with one of Americana’s largest shareholders about buying a stake in the firm.

Qatar Rejects Accusation It Sent Weapons To Libya

In a statement to Qatar’s news agency, Assistant Foreign Minister for Foreign Affairs Mohammed bin Abdullah Al Rumaihi described the allegation as misleading and unfounded.

Bahrain’s Investcorp Buys U.S. Real Estate Assets For Around $250m

The properties are in Durham, North Carolina, Seattle in Washington, and Jacksonville in Florida, the company said in a statement.

Dubai’s Arabtec Says Unaware Of Potential Stake Sale By Ex-CEO

Arabtec said it “does not have the information” on such a deal, it said in a bourse statement.

UAE’s ENEC Gets License To Build Two Nuclear Reactors

ENEC is expected to apply for a separate operating license before it can operate the reactors as the current approval only covers the construction of the units.

Revealed: Winners At The Gulf Business Industry Awards 2014

The Gulf Business Industry Awards 2014 winners were chosen by a panel of independent judges and public voting.

Dubai’s Emaar Says First Tranche Of Malls IPO Already Covered

Emaar is aiming to raise as much as Dhs5.8 billion ($1.58 billion) from the offer of shares in Emaar Malls Group (EMG).

Qatar National Bank Lifts Ecobank Stake In $283m Deal

The purchase comes after QNB acquired a 12.5 per cent stake in Ecobank from Nigerian “bad bank” Asset Management Company of Nigeria (AMCON) this month.

Thai PTT And Saudi Aramco In Joint Vietnam Petrochemical Project

State-controlled PTT and Aramco will each own 40 per cent of the project at Binh Dinh’s Nhon Hoi economic zone, with the Vietnamese government holding the remaining 20 per cent.

Dubai’s Omniyat To Unveil Three Mega-Projects Worth Dhs3.5bn At Cityscape

The upscale residential developments will be located in Palm Jumeirah, Dubai Maritime City and Downtown Dubai.

Dubai Firms Eye Sharjah For Bulk Staff Housing

Increased demand for bulk staff housing from Dubai firms has caused rents in Sharjah to rise, a Cluttons report says.

Ex-CEO Of Dubai’s Arabtec Agrees To Sell Stake To Aabar

Sources say that Hasan Ismaik has finalised the sale of stake in Arabtec to Aabar and the deal will be announced soon.

Iran’s Leader Ayatollah Ali Khamenei Leaves Hospital After Operation

Official media said the 75-year-old Iranian leader was in good health.

Almost 86% Of GCC Firms To Hire Over The Next Three Years

Business confidence has grown in the UAE with more than 45 per cent of the respondents expecting the Expo win to have a positive impact on their growth plans.

Dubai’s RTA Launches Five Mobile Apps Offering 30 New Services

The new applications that were released include the Drivers and Vehicles smartphone app, Smart Parking app, Business Sector Services app, Salik Smart app and the Public Transport app.

Google To Launch Android One, Phones To Be Priced At Around $105

After launching in India, Google said it plans to expand Android One to Indonesia, Philippines and other South Asian countries by the end of 2014 and in more countries in 2015.

Saudi Arabia Says Buys 610,000 Tonnes Of Hard Wheat

The wheat is to be shipped in 10 consignments, with 310,000 tonnes for shipment to the port of Jeddah and 300,000 tonnes for the port of Dammam.

New $1.5bn Royal Atlantis Resort Planned For Dubai’s Palm Jumeirah

The new resort, to be completed by 2018, will consist of 800 rooms, suites and 250 hotel apartments.

Oman Plans 3-Week Turnaround At MAF Refinery In November

The turnover of Mina al-Fahal refinery will be carried out to upgrade certain equipments, the company said.

Islamic Lender Turkiye Finans Eyes Presence In Bahrain

No details were given on the timeframe to start operations or what type of licence was being sought to establish in Bahrain.

Several Arab Countries Offer To Join Air Campaign On Islamic State, Says US

US officials declined to identify which Arab countries made the offers in joining the emerging coalition against the jihadists.

Libyan PM Accuses Qatar Of Sending Planes With Weapons To Tripoli

Libyan Prime Minister Abdullah al-Thinni said that he will consider breaking off relations with Qatar if it continued to interfere in Libya’s internal affairs.

Kuwait’s KNPC Names NBK Finance Advisor For $12 bn Refinery Upgrade

The Clean Fuels Project will upgrade and expand two of the Gulf Arab state’s largest existing refineries with a focus on producing diesel and kerosene for export.

Qatar-Based Cleric Criticises US Role Against Islamic State

Sheikh Youssef al-Qaradawi, an Egyptian-born cleric based in Doha, said Washington was acting in its own interests.

UAE National Service Recruit Dies Of Heart Attack

Mohammed Khalid Khalifa Al Raisi suffered a sudden heart attack at the Armed Forces Residences on Saturday night.

UAE Salaries To Rise 4.8% In 2015

Salaries across the GCC are predicted to rise by five per cent in 2015, according to Aon Hewitt.

Aramco, GE And TCS Open Saudi Arabia’s First All-Female BPO

Located in Riyadh, the new centre is expected to create 3,000 local jobs for Saudi women.