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Huawei Releases New Honor Budget Smartphone, To Be Sold Online

The Honor 4C phone has a 5-inch display and starts at 799 yuan ($129).

Saudi Arabia Ready To Supply Any Additional China Oil Demand

Saudi Arabia’s Oil Minister Ali al-Naimi reiterated that the Kingdom intends to remain the world’s number one oil supplier.

India Seeks First Cut In LNG Imports Under Qatar Deal

New Delhi plans to use a 10 per cent reduction permissible under a 25-year contract with Qatar’s RasGas.

Japan’s Inpex In Talks To Obtain New Abu Dhabi Concession

Inpex was one of 11 firms that bid for stakes in the concession covering Abu Dhabi’s 15 principal onshore fields.

Samsung Hints At New Smartwatch On Apple Watch Launch Day

Samsung has launched six smartwatches since 2013.

Speculation Over Saudi-India Oil Deal As Talks Drag On

Saudi Aramco and India’s Reliance Industries have not yet concluded a term contract to import diesel and gasoline.

Qatar Launches First Chinese Yuan Clearing Hub In Middle East

The centre is expected to facilitate greater cross-border renminbi investment and financing business and boost trade between China and the region.

Qatari Banks, Southwest Securities Plan Islamic Finance Venture In China

Qatar National Bank and Qatar International Islamic Bank have signed an MoU for the venture.

Pakistani Minister Accuses UAE Of “Hurling Threats” Over Yemen Row

The UAE’s foreign affairs minister had rebuked Pakistan for not participating in the Saudi-led coalition fighting Houthi rebels in Yemen.

UAE-Australia Trade Grows 18% In 2014

Trade has been buoyed by increased ‘bellyhold’ aircraft capacity from Emirates, Qantas and Etihad Airways.

Saudi Shipper Bahri Signs Deal With South Korea’s S-Oil

Bahri expects to book revenues of at least $67 million annually from the deal.

US, Saudi Arabia Sanction Pakistani Charity Al-Furqan

he Treasury said its sanctions would shut Al-Furqan out of the U.S. financial sector and prohibit Americans from doing business with the organisation.

Etihad, Jet Confirm Sponsorship Of IPL Cricket Team, Mumbai Indians

The airlines’ logos will feature on the team’s shirts, and their branding will also be advertised in the Wankhede Stadium.

Saudi Request For Help In Yemen Puts Pakistani PM In A Bind

Joining the Saudi-led coalition could inflame a sectarian conflict in Pakistan, where around a fifth of the population is Shi’ite.

UAE Joins Asian Infrastructure Investment Bank

The UAE follows a number of other Gulf countries such as Saudi Arabia, Kuwait, Oman and Qatar that have flocked to join the new Asian bank.

Qatar Airways Increases Flights To Bali and Jakarta

The airline will begin increased services to Jakarta and Bali from July 5 and July 16 respectively.

StanChart Senior CEO Shankar Quits In Latest Management Change

V. Shankar has resigned as CEO of Europe, Middle East, Africa and Americas after 13 years at the bank.

HSBC Bank Oman Completes Sale Of India Assets To Doha Bank

Shareholders of Doha Bank, Qatar’s fifth-largest lender by assets, approved the purchase in December 2014.

Qatari Investors To Pay $5bn For 49% Shandong Dongming Petchem Stake

The cash will be used to finance a number of projects that Shandong is currently working on.

Pakistan Defence Team Heads To Saudi To Discuss Support

Pakistan, an ally of Saudi Arabia, has yet to commit itself publicly to military support to Riyadh’s campaign in Yemen.

Lee Kuan Yew, Founding Father Of Modern Singapore, Dies At 91

Lee, a British-educated lawyer, is credited with building Singapore into one of the world’s wealthiest nations on a per capita basis.

Dubai’s DP World Signs Deal To Develop Ports, Logistics Industry In Maldives

The Dubai-based ports operator said it will help Maldives develop infrastructure, logistics and transport links.

Sri Lanka Says Rajapaksa Officials Stashed Over $2bn In Dubai

The funds represented about of fifth of the total amount of so-called ‘black money’ that the authorities suspect was illicitly stashed abroad.

Majority Of UAE Filipinos Prefer Property Investment In Metro Manila – Survey

An increasing number of Filipinos in the UAE are opting to buy property in their home country.

Hong Kong: Back In Business

Hong Kong will come back stronger from the pro-democracy protests that spooked investors in 2014, experts say.

ISIL Says Australian Teenager Carries Out Suicide Attack In Iraq

The Australian government said it is verifying whether 18-year-old Melbourne teenager Jake Bilardi has been killed.

Two Malaysians Identified In ISIL Beheading Video From Syria

Mohd Faris Anuar and Muhamad Wanndy Muhammad Jedi, aged 20 and 25 respectively, were identified as the men involved in the beheading of a Syrian man.

Abu Dhabi, Japanese Firms In $300m Steel Pipe Venture

The facility, at Abu Dhabi’s Khalifa industrial zone, will produce 240,000 tonnes of sour grade steel pipes.

Saudi Arabia, South Korea Sign MoU On Nuclear Power

The MoU calls for South Korean firms to help build at least two small-to-medium sized nuclear reactors in Saudi.

Emirates To Launch Daily Service To Bali From June

The new non-stop service will begin from June 3, with Bali becoming Emirates’ 148th global destination.