Saudi-Led Air Strikes On Yemen Kill 35 – Health Ministry

The victims were in the provinces of Sanaa, Saada and Hodeidah, an official in the Houthi-controlled health ministry said.

Qatar’s Bourse Says Plans Rights Issue Trading

The bourse gave no specific timeline for the reform.

UAE’s Islamic Banking Assets To Reach $263bn By 2019

Islamic banking assets in the Emirates crossed $1 billion in 2014, a new report says.

Dubai’s Majid Al Futtaim Rules Out IPO, Plans Egypt, Saudi Expansion

The Dubai-based conglomerate will open its first Magic Planet In Saudi Arabia this year.

Credit Suisse Raises UAE Equities To Overweight From Neutral

The key risks for the UAE stock markets are an escalation of the military conflict in Yemen and renewed weakness in oil prices, Credit Suisse said.

Yemen President Fires Predecessor’s Son, Escalating Power Struggle

Ahmed Ali Saleh, son of former president Ali Abdullah Saleh, was Yemen’s ambassador to the United Arab Emirates.

Rising Costs Facing Mideast Firms In Fight Against Financial Crime

Many companies polled said that compliance costs had surged by more than 50 per cent over the last two years.

Foreign Direct Investment Flows To Dubai Reach Dhs28.6bn In 2014

The emirate’s top source countries for investment were the US, the UK, India, Netherlands, Germany and Italy.

Saudi Kayan Olefins Plant Resumes Production

Saudi Kayan had said earlier that it would shut several units at its petrochemicals complex in Jubail for about five weeks.

Prince Bishop Wins Dubai World Cup

Prince Bishop, trained by Godolphin’s Saeed bin Suroor, completed the 2,000 metre contest in two minutes 03:24 seconds.

Saudi Blogger Badawi Views Survival Of 50 Lashes As Miracle

In his remarks, Badawi recalled how he received the first round of lashes while surrounded by a cheering crowd that chanted “Allahu akbar” (God is greatest).

Saudi Arabia’s Yemen Gamble May Define Its Regional Role For Years

Success would establish Riyadh as de facto leader of the region’s Sunni states it has pulled together in a complex armed operation.

Saudi Arabia Decides To Restore Ambassador To Sweden – Al Arabiya TV

Saudi Arabia withdrew its envoy earlier this month over Swedish criticism of the monarchy’s treatment of women and dissidents.

Saudi Drawing Down FX Reserves To Cover Deficit, Data Suggests

Billions of dollars of Saudi money may be withdrawn from Western banks and financial markets this year as the country copes with a sharp reduction in its revenues.

Kuwait Opens Door For Foreign Operator To Own Part Of Stock Market

Such a move would open the way for an international exchange operator such as Nasdaq OMX or Euronext to take a stake in the stock market.

Aabar Chairman Says UniCredit Bonds Not An Exit From Bank Investment

Aabar chairman Khadem al-Qubaisi said the company may issue similar bonds linked to shares in other investments in future, although it currently had no plans to do so.

Kuwait Reassures Citizens On Strategic Food Stocks

Kuwait relies on imports for the majority of its food needs and depends on the narrow shipping lane of the Strait of Hormuz for imported food supplies.

Yemen War Clouds Raise Dangers For Top Oil Shipping Route

The conflict could potentially damage Bab el-Mandeb passage through which nearly 4 million barrels of oil are shipped daily to Europe, the United States and Asia.

Kuwait Raises Security At Oil Facilities Due To Yemen Strikes – KUNA

These measures include “securing all industrial safety and security requirements and raising the level of security measures of oil installations.

Saudi Suspends Flights At Southern Airports Amid Yemen Strikes

The airports affected include Jizan, Abha and Wadi al- Dawaser, the General Authority of Civil Aviation said.

Borse Dubai Rules Out Nasdaq OMX Group Stake Sale

The company earlier confirmed it had sold its complete 17.4 per cent stake in the London Stock Exchange (LSE).

Pakistan Says Considering Saudi Request For Troops For Yemen

The decision to send troops to Yemen to support the Gulf states’ operation is being examined by Pakistan, an official said.

Borse Dubai Says Sold Complete Stake In London Stock Exchange

The firm had been the biggest single shareholder in the LSE prior to the sale.

Saudi’s Almarai Says Gets $67m Compensation For Bakery Fire

The fire in October 2014 caused “significant” damage at one of Almarai’s bakeries in Jeddah, the company said at that time.

Abu Dhabi Airports Chief Tony Douglas Steps Down

Authorities said the CEO’s departure would not affect the Midfield Terminal expansion.

Dubai Launches Second Phase Of Healthcare City Project

The project, built at a cost ranging between Dhs3 billion and Dhs5 billion, will spread across 22 million square feet in the Jadaf area.

Kuwait Commerce Minister Resigns, Second Cabinet Member This Month

Local media said the resignation came as a member of parliament had demanded to question the minister for allegedly failing to protect the rights of small shareholders.

Borse Dubai Selling Stake In London Stock Exchange -Source

Bank of America, Barclays and Nomura are joint bookrunners on the stake sale, which is worth around 1.5 billion pounds.

Saudi Hardware Retailer SACO To Launch Share Sale In April

Subscription for the initial public offering will open on April 22 and run until April 28.

Kuwait’s KIPCO Says OSN Core Asset As Targets Double Profits By 2018

The company plans to achieve its 2018 profit target through earnings growth “across our core companies, particularly those in the financial services and media sectors”.