Oil Still Accounts For 90% Of Saudi’s Total Revenues – Report

The UAE, specifically Dubai, has been exemplary in diversifying revenue streams, stated a report by Alkhabeer Capital.

Emirates NBD Sets Initial Price Thoughts On Tier 1 Perpetual Bond

The U.S. dollar transaction, will be of benchmark size – traditionally understood to mean worth upwards of $500 million.

Abu Dhabi Commercial Bank Picks 4 Banks For 5-Year Bond

The U.S. dollar bond will be issued through a special purpose vehicle incorporated in the Cayman Islands.

Stock News: Qatar’s GIS Jumps On Qatar Petroleum Contract

A unit of Gulf International Services (GIS) signed contracts worth $1.4 billion to supply drilling rig services to Qatar Petroleum.

Emaar Launches Residential Project, BLVD Heights, In Downtown Dubai

The project features two residential towers connected by a podium and includes 280 units.

Saudi Arabia Selects All-Male Team For Asian Games In South Korea

Saudi officials said they would send female athletes to the next Olympics, but that they were not yet competitive enough for Asian Games.

Saudi’s Advanced Petrochemical Seeks Shareholder Nod For Sukuk

The firm will hold a general meeting on Sept. 15, it said without specifying the possible size of the issue.

Basic Challenges Such As Mediocre Battery Life Plague Apple’s iPhone

Aside from improving battery life, Apple should create more options for media file sharing, says a tech enthusiast.

Arab Bank Chairman Testifies In US Court, Denies Funding Hamas

A lawsuit, first filed 10 years ago, accuses the Jordan-based bank of knowingly maintaining accounts for operatives of the militant Islamist group.

Sheikh Mohammed Launches New Centre For Government Innovation

The new centre will coordinate innovation in government entities, the Dubai ruler said.

Qatar Petroleum Signs $1.4bn Contracts With GIS Unit

GDI, a subsidiary of Gulf International Services, will provide two new offshore rigs and two new land rigs, and extend four other contracts.

Deyaar Sells Out Units In First Tower At Newly-Launched Montrose Project

The recently launched Montrose project incudes two residential towers and one hotel tower.

Omani Fund, Others Invest $53m In Maker Of Solar Steam Generators

Oman’s State General Reserve Fund, Royal Dutch Shell and existing investors in GlassPoint will inject the money, which will be used to accelerate the deployment of solar steam generators.

Google-Partnered Entrepreneur Tech Hub To Open In Dubai

AstroLabs Dubai, which will be situated in Dubai Multi Commodities Centre Free Zone, is scheduled to open in 2015.

No Saudi Ban Over Ebola For Nigerians Going On Haj

The smaller scale of outbreak in Nigeria is relatively less worrying when compared to other Ebola-hit countries, an official was quoted as saying in local media.

UAE Credit Bureau Starts Issuing Consumer Data To Banks

The credit reports include consumers’ debt obligations and payment behaviour patterns for the past two years.

Dubai To Spend $32bn On Airport Expansion Amid Aviation Push

The expansion is expected to be the biggest airport project in the world and would take place in two phases over six to eight years.

Eid Al Adha Could Fall On October 5 – Report

The chairman of the Islamic Crescent Observation Project (ICOP) has reportedly said that Eid Al Adha could also fall on October 4.

Dubai’s ICD Buying $300m Stake In Nigeria’s Dangote Cement

Dangote’s current market capitalisation is about $23.7 billion, meaning ICD is taking a stake of about 1.3 per cent.

Dubai Holding To Begin Work On Mall Of The World In Q1 2015

The mega project, announced earlier this year, will house the world’s largest shopping mall.

Etihad Doubles Services To Karachi

The new service will add 1,904 new seats per week on the Abu Dhabi-Karachi route and improve weekly connectivity to other markets.

Standard Chartered PE Invests $35m In Jordan Poultry Producer

SCPE said it would obtain two seats on the board of Al Jazeera, Jordan’s only fully integrated poultry producer and distributor.

Bahrain’s GFH Acquires Properties In The US

The acquired portfolio will consist of two multi-family residential properties in Houston and one in Atlanta, GFH said.

Saudi Jails Six For Going Abroad To Fight

In February, King Abdullah decreed prison terms of three to 20 years for travelling abroad to fight.

As Apple Prepares To Unveil iPhone 6, Quick UAE Launch Urged

The new device from Apple is expected to do “extremely well” in the UAE, says expert.

Arabs Vow To Confront Islamic State, Cooperate With International Efforts

Arab League foreign ministers also called to suppress the flow of foreign fighters, financing and other support to “Islamist extremist groups” in Iraq and Syria.

Dubai Shortlists 8 Firms For Clean Coal Plant

The cost of the Hassyan power plant, which is expected to come online by 2021, is anticipated to be more than $2 billion.

Investigators Deliver Qatar 2022 Ethics Report To FIFA

The report, which is not expected to be made public, contains recommendations from investigators about conducting future bids and the action that needs to be taken against individuals.

Meraas Plans Three Theme Parks For Phase 1 Of Dubai Parks & Resorts

The first phase of the five theme park Dhs10 billion mega project is slated to open in 2016.

Arab League To Back Iraqi, US Campaign Against Islamic State

Diplomatic sources have said that the Arab League would agree a resolution endorsing the U.S. military campaign against the group.