Abu Dhabi To Host 462 Tour Operators, Media In Sept To Boost Tourism

The familiarisation trip includes delegates from nine countries in the Americas, Europe, Middle East and Russia.

Empower

Dubai’s Empower Secures $127.8m Islamic Loan

The loan will be used to fund Empower’s multi-plant district cooling network in Dubai’s Business Bay area, the company said in a statement.

Malaysia Airlines MH17 Tragedy Could Have Been Averted – Emirates Boss

Sir Tim Clark says information regarding the presence of missiles on ground in Eastern Ukraine was withheld from airlines.

Saudi’s Savola Says To Sell Stake In Property Project For $158.3m

The company will sell its 30.4 per cent holding in the Masharef project to Kinan International Company for Real Estate Development.

Prominent Muslim Brotherhood Figures To Leave Qatar

Qatar and Turkey were the only regional countries to back the Brotherhood after Egypt’s army toppled Mohamed Mursi last year following mass protests against his rule.

Australia Commits Military Forces To Fight Islamic State

A 600-strong force will be deployed to the UAE and be based at a U.S. headquarters, Prime Minister Tony Abbott said.

RTA Confirms Completion Of Phase II Of Jumeirah Corniche Project

The newly completed phase of the project will be open to public from the third week of September, RTA said.

Dubai’s Emaar Looks To Raise $1.58 bn From Malls Unit’s IPO

Emaar expects to sell two billion in Emaar Malls Group with a price range of Dhs2.50 to Dhs2.90 per share, it said in a statement.

Sisi Says Coalition Must Battle Islamic State And Others

Sisi said any international coalition to combat terrorism “should be comprehensive and not exclusively target a specific organisation or eradicate a certain terrorist hotspot”.

Islamic State Video Purports To Show Beheading Of UK Hostage David Haines

Haines, a 44-year-old father of two from Perth, Scotland, was kidnapped last year while working for the French agency ACTED.

UN Rapporteur Criticises Oman Over Right To Assembly

The special rapporteur said that though Oman’s law guarantees the right to peaceful assembly within its limits, it is quite restrictive.

Dubai’s Marka To List Shares Sept. 25, First Flotation Since 2009

Marka initially planned to list its shares on the DFM around the first week of June, but the market was hit by volatility that month.

Qatar To Take Airbus Superjumbos; Questions Remain About A320 Test

After a three-month dispute that had blocked the delivery of the first of ten A380 superjumbos ordered by Qatar Airways, the Gulf airline has agreed to take the new jet.

U.S. Wins Arab Support For Syria/Iraq Military Campaign

The Arab states agreed in a communique to do more to stop the flow of funds and fighters to Islamic State and help rebuild communities “brutalised” by the group.

Dubai’s Property Sector Plots Conservative Growth

When Dubai’s residential property prices shot up sharply last year, it invoked fears of another bubble, but analysts suggest the market is sturdier this time around.

As Air Accidents Rise, Will Aviation Insurance Premiums Follow Suit?

The rise in accidents has set the bills soaring for aviation insurers, with firms looking at annual losses worth $2 billion this year.

Dubai Aluminium Approaches Banks For Rare Corporate Loan

Talks are at a preliminary stage to sound out banks about what Dubal could raise in the loan market, the sources said on condition of anonymity because the information is not public.

GCC Firms Commit Investments Worth $19bn In West Africa

Abu Dhabi firm Trojan General Contracting committed investments worth $16 billion in various infrastructure projects in West Africa.

U.S. Shale Squeezing Out Saudi Oil Imports, Boosting Gasoline Exports

The North American shale boom has not only cut crude imports into the United States but also turned it into a net products exporter.

Sharjah Has No Short-Term Plans To Return To Debt Markets

About $7.85 billion of orders poured in for the 10-year sukuk ijara from 250 investors on Wednesday.

Kerry Urges Arabs To Back Campaign Against Islamic State

In a strong measure of support, Saudi Arabia has agreed to host training camps for moderate Syrian rebels.

Oman’s Renaissance To Revive Listing Plans For Topaz Arm – Sources

Dubai-based Topaz Energy and Marine dropped its $500 million London listing plans in March 2011, citing market volatility as the reason.

Dubai’s Drake & Scull Wins Dhs168m MEP Contracts In Oman

The company has won four turnkey deals in Oman, bringing the value of its total project wins in 2014 to Dhs4.6 billion.

Mandarin Oriental To Open Dubai Hotel In 2017

Luxury brand to follow Four Seasons on Jumeirah Beach Road

Dubai Investor Sells Al Noor Hospitals Stake, Raises $140m

Ithmar Capital has sold a 7.3 per cent stake in Al Noor Hospitals, in the first such sell-down since the company was listed in July 2013.

Stock News: Dubai Investors Continue Cashing Out Ahead Of Large IPO

Emaar plans to sell a 15 per cent stake in its retail business unit in a $1.4 billion IPO next week.

Emaar Malls Group Opens 24-Hour Call Centre Ahead Of IPO Launch

The retailing unit of Emaar Properties will launch an IPO on the Dubai Financial Market on September 14.

HSBC Allocates Dhs1bn Funding For UAE SMEs

The second round of funding comes as the previous allocation of Dhs1 billion was fully assigned to various businesses, the bank said.

Saudi Oil Minister Downplays Concerns About Oil Price Drop

Brent crude hit an intraday low of $97.60 on Wednesday, its weakest level since April 18, 2013.

UAE Consumers, Retailers Ready For Apple Pay, Says MasterCard

Apple’s new mobile wallet system will be introduced in its iPhone 6 models and the Apple Watch.