UAE’s Masdar Delivers Samoa’s First Wind Farm

Located on the Samoan island of Upolu, the 550KW project was funded by UAE-Pacific Partnership Fund.

Qatar Lender Al Khaliji Names Khalifa As CEO

Fahad Abdulla al-Khalifa has previously worked at Qatari institutions including Qatar National Bank and the Qatar central bank.

Dubai’s Emaar Properties Shares Surge Before Malls Unit Flotation

Emaar’s shares rose 5.4 per cent to Dhs10.80 today, bringing their year-to-date gains to 56 per cent.

Saudi’s King Abdullah Says US, Europe Could Be Next Terror Targets

King Abdullah warned that terrorism could spread to the West if strong action is not taken against the growing threat posed by militants in the Middle East.

Emaar To Launch Malls Unit IPO In September, List It In October

Emaar, Dubai’s largest real estate developer, will offer 30 per cent of the shares to individual investors and 70 per cent to qualified institutional investors.

Saudi Stocks Richly Valued But Still Attractive -Funds

Fund managers still see pockets of opportunity in Saudi due to the market’s liquidity and diversity.

Bahrain Detains Shi’ite Rights Activist On Arrival At Airport

Charges against the detained rights activist Maryam al-Khawaja include insulting Bahrain’s king, and assaulting a policewoman at the airport, her mother said.

No Resolution Of Gulf Arab Split After Ministers Meet

Kuwaiti Foreign Minister Sheikh Sabah Khaled al-Sabah said that Saturday’s meeting had led to limited progress but he did not announce any concrete step to end the rift.

West Africa Ebola Outbreak Could Infect 20,000 People – WHO

Global health watchdog WHO says that the virus could spread to 10 other countries beyond the four now affected.

Apple Invites Media To September Event; New iPhones Expected

Apple is expected to reveal the latest line of its best-selling smartphones and its much anticipated smartwatch at an event on September 9.

Bahrain To Meet Investors Ahead Of Potential Sovereign Bond

Bahrain last sold a sovereign bond in July 2013, when it completed a $1.5 billion deal with a ten-year lifespan.

Iraq And Syria Pose Saudi Dilemma – Failed States Or Iran Proxies

The Kingdom’s preferred Sunni allies have lost out to militants, and Riyadh faces its nightmare scenario of watching two key Arab states become proxies for its rival Tehran or perpetual failed states.

Libya’s Oil Recovery May Be Short-Lived As Country Risks Falling Apart

Libya’s oil production rose significantly during the last two months but experts say the ongoing internal conflict could be counterproductive.

Over 600,000 Saudis Eligible For Housing Aid -Ministry

Families obtaining assistance from the housing scheme are to receive state-subsidised home loans or subsidised sales of land or housing units.

Flydubai Adds Three More Routes To East Africa

The budget airline announced that it will begin services to Bujumbura in Burundi, Entebbe in Uganda and Kigali in Rwanda.

Saudi Mufti Tells Young Saudis Not To Heed Call To Jihad

Sheikh Abdulaziz Al al-Sheikh, the highest religious authority in the country, described the creed of al Qaeda and Islamic State as Islam’s “enemy number one” in his Friday sermon.

Kuwait’s Burgan Bank To Meet Investors Ahead Of Potential Tier 1 Bond

The lender will hold roadshows in Asia, the UAE and Europe from September 4, with a Tier 1-boosting bond issue to follow, subject to market conditions.

Qatar To Help Rebuild Gaza

The Gulf state released an official statement declaring its support to revive Gaza’s war torn economy.

Pictures: Qatar Airways’ New Airbus A350 XWB

The carrier is set to receive the first delivery of the new widebody aircraft in the fourth quarter of this year.

Saudi Arabia Denies Scrapping Plan To Reduce Working Hours

The confirmation comes after media reports indicated that the ministry is withdrawing the proposal to shorten working hours in the private sector.

Samsung Unveils Smartwatch That Can Make Calls Without A Phone

The Gear S has a 2-inch curved display and offers features like WiFi connectivity, pedestrian navigation and a built-in GPS.

Stock News: Arabtec, DP World May Buoy Dubai Markets

Arabtec shares jumped 13 per cent to Dhs4.79 over the past four trading days on speculation about a potential deal between Hasan Ismaik and Aabar.

Dubai’s DP World H1 Net Profit Rises 26%

The company, one of the more profitable assets of debt-laden Dubai World, posted a first-half net profit of $332 million.

Dubai’s Property Market Booming On Safe Haven Status – Senior Banker

Exclusive: The UAE has seen a flight to safety of wealth from conflict-ridden areas in the region, says Emirates NBD CEO Shayne Nelson.

Saudi Arabia Jails 23 More Men For Militancy In Security Crackdown

Those jailed have been convicted of crimes including “breaking allegiance to the ruler”, espousing a militant ideology and manufacturing explosives.

Saudi Foreign Minister, Other Top Officials Head To Qatar To Heal Rift

Saudi, Bahrain and the UAE recalled their ambassadors to Qatar in March, accusing Doha of interfering in their internal affairs.

Ras Al Khaimah Nets $118m In Tourism Revenues In H1

Occupancy levels across Ras Al Khaimah’s hotels reached 64.11 per cent while the average daily rate amounted to $69.85, generating revenues worth $14.9 million.

Nakheel To Build 12-Storey Residential Tower For Lease In Palm Jumeirah

The developer has awarded a contract worth around Dhs75 million to UAE-based Trojan General Contracting to build the complex.

Former CEO Of Dubai’s Arabtec Says Wants Over Dhs5 Per Share

Hasan Ismaik, the former CEO of Arabtec, confirmed that he was in talks with Abu Dhabi state fund Aabar to sell part of his stake.

IMF’s Lagarde Put Under Investigation In French Fraud Case

Christine Lagarde was questioned by magistrates in Paris for a fourth time this week under her existing status as a witness in a political fraud affair.