Oil Edges Above $102, Supply Risks Support

Geopolitical tensions in Ukraine and Libya pushed up prices, although ample supply limited the rebound from last week’s 14-month low.

Abu Dhabi Woos Chinese Travellers

The emirate is holding a Chinese Visitor Summit to boost tourist numbers and guest nights.

Bulgaria Corpbank’s Owner Working With Oman On Restructuring Plan

Corpbank’s fate has been in limbo since June, when a run on deposits prompted the central bank to seize control of it and close its operations.

Iran Deputy Foreign Minister To Visit Saudi Arabia

Hossein Amir Abdollahian’s trip is the first high-profile visit to the Kingdom since the election of Iranian President Hassan Rouhani in 2013.

UAE Banking Space Too Crowded, Mergers Needed – Emirates NBD CEO

Exclusive: Shayne Nelson, the CEO of Emirates NBD, says mid-sized banks in the country should consider in-market mergers.

Saudi Stock Index Above 11,000 Points, First Time Since 2008

The stock index has jumped 13.3 per cent since the opening of the market was announced on July 22.

Hong Kong Main Index Closes At Highest Since May 2008

The Hang Seng Index rose 0.2 per cent to 25,166.91 points.

Stock News: Banks Support Qatar, Most Markets Edge Up

Qatar’s benchmark rose 0.6 per cent, led by Islamic lender Masraf Al Rayan and Qatar National Bank

Saudi Builder Al Khodari Wins $184m University Contracts

Al Khodari will build facilities at Taibah University and at Northern Borders University.

Etihad Welcomes Review By Swiss Authorities On Darwin Deal

Etihad CEO James Hogan says he supports the need for “absolute clarity” regarding its 33.3 per cent stake in Swiss carrier Darwin.

Sony PlayStation Network Taken Down By Attack

The company said that no personal information of the network was accessed in the attack.

Qatar Facilitates Release Of American Kidnapped In Syria

Peter Theo Curtis, an American writer, was missing since 2012.

Dubai’s Hotels Welcome Over 5.8m Tourists In The First Half Of 2014

The emirate recorded a 26 per cent rise in the number of visitors from China.

Saudi Electricity Says 4,750MW Of Capacity To Be Online In Riyadh By 2017

SEC plans to spend $166 billion between now and 2023 on adding 40,000 MW of installed generating capacity.

War Planes Attack Libyan Capital Again

In recent weeks Libya has seen the worst fighting since the NATO-backed campaign to oust Muammar Gaddafi in 2011.

Nakheel Appoints Consultant For New Mall At Jumeirah Village Triangle

The two million square foot mall will feature a multi-screen cinema, supermarket, speciality shops and F&B options.

Netanyahu Warns Gaza Civilians After Israel Destroys 13-Storey Building

The bombing of Al Zafer Tower in Gaza City, which housed 44 families, was the first time in the Gaza war that Israel had brought down so tall a structure.

Stock News: Arabtec Speculation Lifts Dubai

Shares in Dubai builder Arabtec rose as speculation grew about the sale of the stake owned by former CEO Hasan Ismaik.

Dubai’s Damac Sells Out First Release Of AKOYA Oxygen Project On Day One

The new development, spread over 55 million sq ft in Dubailand, will feature residences surrounding a golf course.

Stock News: Conservative Ownership Rules May Slow Saudi Uptrend

The Capital Market Authority proposed limiting total foreign ownership of the market’s value to 10 per cent.

Exclusive: MAF Properties CEO George Kostas On Dubai’s Retail High

In an exclusive interview, George Kostas elaborates on the future of the company.

Dubai Ranks Among World’s Top 10 Most Influential Cities – Forbes

The emirate ranked seventh on the list, beating Los Angeles, Beijing and Sydney.

Western Iran Hit By 5.2 Magnitude Earthquake

The depth of six miles was the same as that of a 6.3-magnitude quake which hit the same area on Aug. 18.

Kuwait To Boost Oil Exports To China To 500,000 bpd In 3 Years

Last week, Kuwait concluded a new 10-year deal with a China’s Sinopec Corp to nearly double its supplies.

Etihad Plan To Buy Darwin Stake Fails To Meet Swiss Rules

Switzerland’s Federal Office of Civil Aviation said that Darwin, rebranded as Etihad Regional, has until Sept. 30 to make changes to the agreement.

Saudi Regulator Proposes 10% Cap On Foreign Ownership Of Stock Market

The Capital Market Authority isaid last month that it would open the market in the first half of next year.

Dubai’s Atlantis, The Palm Set To Refinance $880 Million Loan

Despite a more bullish market in the UAE it is unclear whether Atlantis would be able to reprice its loan as easily as expected.

UAE Central Bank Says StanChart Can Face Legal Action

The bank had agreed to close some customers’ UAE accounts in an anti-money laundering settlement with US regulators announced on Tuesday

UAE President Sheikh Khalifa Approves New Anti-Terror Law

The new anti-terrorism law includes harsher punishments for violators.

Nakheel Awards Dhs146m Construction Contract For Jumeirah Islands

Metac General Contracting has won the contract to build 84 townhouses and a new retail centre within the new development.