UAE Says Shocked By US Vice President’s Comments On Terror Financing

Joe Biden said that the Middle East had provided money and weapons to Al Nusra and Al Qaeda.

BP Awards $730m Drilling Contracts For Oman’s Tight Gas Project

The Khazzan project aims to extract around one billion cubic feet (bcf) per day of gas.

Islamic State Video Shows Second British Hostage Beheaded

British aid worker Alan Henning was part of an convoy taking medical supplies to a hospital in Syria in December last year when he was kidnapped.

Apple To Hold iPad Event On Oct. 16

The iPhone maker is expected to unveil the new iPads and the latest updates to its iMac line, according to reports.

Oman Says Sultan In Good Health After Medical Tests

Sultan Qaboos has been in Germany since July for medical tests.

Kuwait In Talks With Major Oil Companies To Develop Fields

Kuwait has invited BP, Total, Royal Dutch Shell, ExxonMobil and Chevron, to bid for an agreement for the northern Ratqa heavy oilfield.

Vodafone Qatar Agrees To Buy State-Owned Broadband Firm

Vodafone Qatar will buy 100 per cent of Qatar National Broadband Network, comprising 21 million shares.

Private Banking Special 2014: State Of The Wealth

Private Banking in the region is set to grow further this year, as nationals switch from protecting their wealth to growing it.

Has Dubai’s Property Market Finally Lost Steam?

Although this year’s Cityscape saw bigger displays and numerous new project launches, experts say the market is leveling off.

Can Apple Make Wearables “Cool”?

While the new smartwatch from Apple looks good, experts say it is far from a revolutionary product.

Review: BlackBerry Passport

BlackBerry’s latest smartphone is wide and unwieldy, but has some promising new features.

Bahrain To Detain, Question Activist Nabeel Rajab For One Week

Rajab was freed in May after two years in jail on charges of organising and participating in illegal protests.

US To Deploy 2,300 Troops To Kuwait As Part Of Crisis Unit

The unit, which will include several aircraft, has been deployed to deal with sudden contingencies, said Pentagon spokesman Rear Admiral John Kirby.

Mohamed Alabbar to acquire stake in YNAP from Richemont

Emaar Eyes June Listing For Egyptian Unit Misr – Alabbar

The developer is also looking to list its hospitality unit following the $1.6 billion Emaar Malls Group listing last month.

Middle East and Africa M&A Values Plunge 62% Q-on-Q In Q3 2014

Mergermarket attributed the sharp decline in total values to the lack of inbound mergers and acquisitions.

Emaar Properties Mulls Listing Hotels Unit – Chairman

Emaar sold a 15.4 per cent stake in Emaar Malls Group (EMG) in an initial public offer last month, raising $1.6 billion.

Dubai Detectives To Get Google Glass Face-Recognition Technology

Software developed by Dubai police will enable a connection between the wearer of the glass and a database of wanted people.

Up to 40% Of UAE YouTube Users Come From Mobile

A study by Google found that 80 per cent of smartphone users in the UAE watch online videos on their devices.

Middle East Carriers Post 7.8% Cargo Growth In August

The air cargo growth was aided by Middle East airlines’ growing links to developing markets and their diversification plans, IATA said.

Emirates President Says Asian Demand For Africa Flights Hit By Ebola

Emirates suspended flights to Guinea in August, but has continued flying to other affected destinations.

Dubai Bourse To See Further Listings By Year-End – Chairman

DFM chairman Essa Kazim said that the bourse expects to receive one more listing before the year-end.

Dubai’s Emaar Malls Group Jumps 20% On Listing

Emaar’s shares, which were sold at Dhs2.90 in the heavily oversubscribed IPO, rose to Dhs3.49 on the market.

National Bank of Kuwait Says Sells Qatar Bank Stake For $538m

The bank will book a profit of KD25 million from the sale in its 2014 accounts, it said in a bourse filing.

Gulf Arabs Demand Return Of State Authority In Yemen

GCC states would not “stand idly” in front of foreign intervention, the ministers said in a statement after the meeting late on Wednesday in the Saudi Arabian city of Jeddah.

Saudi’s National Commercial Bank Says To Raise $6bn In IPO

The bank will sell 300 million shares to Saudi individual investors and 200 million shares to the state-run Public Pension Agency at a price of SAR45 per share.

Bahrain Summons Activist Over Critical Tweets – Ministry

The Ministry said that Nabeel Rajab was summoned for questioning on Wednesday “regarding tweets posted on his Twitter account that denigrated government institutions”.

Saudi Cuts Official Crude Oil Prices In Battle For Market Share

The move comes amid calls from some within the OPEC for action to shore up prices, as international benchmark Brent crude oil has slumped to a two-year low.

Budget Airline AirAsia Considers Flying Into Dubai -Group CEO

The group’s chief executive said that he was not currently looking to set up an affiliate in Dubai, but it could be a possibility in the future.

Abu Dhabi Bourse Aims For Debt Trading Market With Govt Bond Listing

The introduction of debt listing and trading is expected to expand the exchange’s activities and make it easier for local companies to sell debt instruments.

Dubai Financial Regulator Seeks To Wind-Up Local Arm Of Espirito Santo

The Portuguese financial group’s problems have been escalating since accounting irregularities were identified at one of its holdings earlier this year.