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Middle East

Sheikh Mohammed’s latest book Flashes of Wisdom hits shelves

The book contains quotes collated from various speeches, poems, books and other sources

Cartoon Network and Boomerang to enter MENA region TV network

Deal between network beIN and channel operator Turner will also bring TCM and CNN HD

Etihad Airways’ passenger numbers grow by 17% in 2015

The airline carried around 17.4 million passengers last year

Saudi Arabia thwarts attacks, puts 532 ISIL suspects on trial

Officials said that the suspects belonged to six cells and were planning to attack security agencies and the US embassy in Riyadh

Saudi Aramco chairman says no concrete plan for listing – report

Khalid al-Falih said studies for a potential IPO were ongoing

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Dollar strength could see oil hit $20 – Morgan Stanley

US bank warns of further declines if the currency’s strength continues

Powerful Chapala cyclone kills three on Yemeni island

Around 100 people were injured and hundreds of families were forced to leave their homes in the island of Socotra

Middle East funds turn negative on equities

Low oil prices, instability in the global economy and the prospect of monetary tightening have hurt sentiment

Qatar rules out military intervention in Syria

Qatar has helped in arming, training and giving political support to the rebels throughout most of the four-year-old war

Saudi foreign minister says sees signs Yemen war nearing end

Most of Yemen’s territory that was captured by the Houthi rebels has been recaptured, he said

Michael Dell: ‘I am just on a really big adventure’

Dell CEO says he is ‘tremendously excited’ about pending $67bn acquisition of EMC

Omani foreign minister meets Syria’s Assad

Oman sees itself as a conciliator in a volatile region

Dell to partner up with Middle East firms to build cloud services

Texan company to expand workforce and investment across MENA region

Lebanon’s Hezbollah takes aim at Saudi Arabia on Ashura

Hezbollah leader Sayyed Hassan Nasrallah condemned what he called the “US-Saudi aggression” against Yemen

APICORP, QIB sukuk issues show Gulf bond market power shift

Fund managers say there is still substantial latent demand for Gulf debt but investors would no longer accept tight pricings that prevailed just six months ago

Revealed: Worst countries for expats to live and work in

Kuwait was ranked the worst country for expats to live and work in, a new survey showed

Dell to hire extensively in Dubai as it expands Middle East presence

The company is increasing manpower within its healthcare, security and IoT businesses

Iran returns Saudi accusations of cross-border meddling

Saudi’s foreign minister said this week that Iran’s military role in Syria disqualified it from playing a role in peacemaking efforts there

Low oil prices continue to hurt GCC economies, more subsidy reforms expected– Moody’s

The agency has downgraded its oil price forecast and expects brent to average $53 per barrel in 2016 and $60 in 2017

PineBridge Investments to close Middle East business -sources

The company’s Middle East headquarters in Bahrain will close and a process is underway to wind down the business, the sources said

Egypt in second day of “election without voters”

Sunday and Monday’s voting levels were extremely low, a in sharp contrast to the long lines of the 2011-12 election

United Arab Emirates soldier, aid worker killed in Yemen

It was not immediately clear whether there was any link between the killings of the aid worker and the soldier

Middle East banks facing rare domestic currency drought

With oil prices, governments are having to shore up their finances by borrowing in the capital markets and investing less money in their banking systems

Yemen Houthis say fire missile in retaliation for Saudi “war crimes”

Scuds have been launched at Saudi Arabia from Yemen several times during the nearly seven-month-old war

Arab coalition slowing aid efforts in Yemen – U.S. Navy report

The Arab coalition denied the allegation and said it was keen for ships to take in relief

GCC’s insurance industry to reach $62.1bn by 2020

Oil price volatility and a slowdown in economic growth could hit the GCC insurance industry’s growth this year, a new report shows

Saudi foreign minister: No future for Bashar al-Assad in Syria

Adel al-Jubeir said that Riyadh’s position on Syria had not changed

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GCC family businesses generate $100bn in annual revenues – report

Almost 70 per cent of Middle East businesses are family-owned, a new report shows

Iranian parliament passes bill approving nuclear deal

The bill will now be submitted to a clerical body for final approval and passage into law

Lufthansa launches premium economy on Gulf flights

New lounge earmarked to open at Concourse D and Eurowings gears up for December launch