UAE’s Arabtec Agrees $40 billion Housing Project With Egypt Army

The project will cover 160 million square meters across 13 sites in Egypt for lower income individuals, a statement said.

Qatar’s Barwa Bank Names Subeai As Acting CEO

Khalid Yousef al-Subeai was previously CEO of The First Investor, Barwa’s wholly-owned investment banking unit.

Dubai 2013 Trade Growth Slows But Iran Business Stabilises

The non-oil foreign trade of Dubai rose to Dhs1.329 trillion ($362 billion) in 2013, data from Dubai Customs revealed.

Oman Court Jails Businessman To 15 Years Over Bribes

Mohammed Ali was previously sentenced to three years in jail in January over bribes made to Petroleum Development Oman.

Qatar May Face Higher Costs Of Hiring Foreign Workers – IMF

The publicity about deaths of migrant construction workers in Qatar could affect the availability and cost of hiring new workers, said the fund.

Apple’s iPhone 5, Samsung Galaxy S3 Remain UAE’s Popular Smartphones

The number of smartphones registered on the UAE’s networks rose by 10 per cent last year, according to official figures.

Japan Airlines Boeing 787 Makes Emergency Landing At Honolulu

The jetliner en route to San Francisco from Tokyo diverted to Honolulu after oil pressure in its right engine dropped.

Iraqi PM Maliki Says Saudi, Qatar Openly Funding Violence In Anbar

He also blamed both countries for launching Syria’s three-year civil war through al Qaeda-linked groups.

IFA Launches Dhs1bn Miami-Style Resort In Dubai’s Palm Jumeirah

The development will add around 300 units to Palm Jumeirah’s property inventory.

Caution May Return On Ukraine-Russia Crisis, Egypt Clashes Could Weigh

Regional shares were dampened last week due to the Ukrainian crisis but recovered lost ground as the situation seemed to have calmed.

Saudi Sentences 3 Suspected Militants To Death For 2003 Bombing

Saudi Arabia faced a militant insurgency from 2003 to 2006 in which al Qaeda targeted residential compounds for foreign workers and Saudi government facilities, killing dozens of people.

Dubai’s Competitive Advantage Will Not Last Forever – Experts

Dubai needs to diversify its sectors to weather future economic risks, according to experts.

Dubai’s Deyaar Plans $245m Residential, Hotel Complex

The project will comprise one residential tower and one tower of serviced apartments.

Dubai’s Rising House Prices Pose Economic Risk- Expert

Rising house prices could affect Dubai’s regional competitiveness, an expert has said.

Dubai’s Eco-friendly Mosque 85% Complete

The mosque will use LED lights, solar panels and energy saving taps to save energy.

CAPM Says Plans First IPO On Main Dubai Exchange In 5 Years

Around 55 percent of the company’s equity, or 275 million shares, will be offered to the public in the IPO at Dhs1 per share on the Dubai Financial Market, CAPM said.

Malaysian Jet’s Disappearance Among Rarest Of Aviation Disasters

The incident is likely to rekindle a debate about whether black box flight recorders should be replaced with satellite-based systems capable of sending back telemetry in real time.

Gulf Airlines Defend Female Cabin Crew Policies

The ITF is running a campaign against Qatar Airways over its monitoring of staff and rules preventing women from becoming pregnant and getting married.

Egypt Lobbies Germany To Ease Travel Advisory

The fatal bombing of a tourist bus in Egypt’s Sinai region prompted a travel advisory from Germany.

Review: Samsung Galaxy Note 3 And Galaxy Gear

The phone includes all the features that debuted on the Samsung Galaxy S4 including Air Gesture, Air View and Smart Scroll.

Smoke Detected As Emirates Flight Lands In Dubai

Emirates confirmed a hydraulic brake fluid leak on the flight, which was travelling from Kuwait.

Qatar “Will Not Bow To Pressure To Alter Foreign Policy”

Saudi Arabia, the UAE and Bahrain recalled their ambassadors from Qatar on Wednesday, saying Doha had failed to abide by an accord not to interfere in each others’ internal affairs.

Qatar Airways May Exercise Options On Three Extra A380s

The airline may order more of the world’s largest passenger plane depending on its performance, the CEO said.

Dubai’s DMCC To Boost Islamic Commodity Trade With Tie-Ups

The DMCC partnered with global brokerage firm BGC Partners this week to promote the platform to a wider international trading community.

Banque Saudi Fransi Loses Key Equity Banker To Jadwa Investment

Jallal, who was senior vice-president of investment banking at Saudi Fransi Capital, the investment banking unit of BSF, resigned last month.

Middle East Records 18% Air Passenger Traffic Growth In January-IATA

Middle Eastern carriers are benefitting from the strength of regional economies and a solid growth in business-related premium travel, says IATA.

Drake & Scull’s German Unit Wins Two Indian Deals Worth Dhs50m

Passavant-Roediger, a German subsidiary of UAE-based Drake & Scull International, will undertake one project in Gujarat and one in Rajasthan.

First Gulf Bank To Set Up $1.07bn Sukuk In Malaysia

Funds from the programme will go toward expanding the bank’s day-to-day business.

More Gulf Capacity Set For Tokyo

Qatar Airways joins Emirates in providing more access to and from Tokyo’s second airport

Abu Dhabi Airport Reopens After Technical Problem

Etihad Airways said all flights into Abu Dhabi were temporarily diverted to other airports in the region.