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US And Gulf Airlines Set To Clash At Aviation Summit Over Subsidy Row

Three U.S. airlines have accused their GCC competitors of receiving more than $40 billion in government subsidies, a charge which the latter deny.

Gulf Arabs Respond With Alarm To Kerry Comment On Assad Talks

The Saudis have in the past said a political transition in Syria cannot begin unless President Bashar al-Assad leaves power.

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OPEC Says Low Oil Prices May Hit US Output By Late 2015

In its monthly report, OPEC left its forecast for 2015 world oil demand growth unchanged.

Snapchat Management Holds Talks With Saudi’s Prince Alwaleed

Prince Alwaleed has previously made investments in technology brands including Twitter and Chinese e-commerce firm JD.com.

Louis Dreyfus Ships Big US Ethanol Cargo To Middle East

Dreyfus is sending about 280,000 barrels of ethanol from the Port of New York to Jebel Ali in the UAE.

Apple’s Rivals Hope Its Watch Will Boost Their Own Wearable Tech

Apple’s new Watch is expected to be launched at an event announced this week.

Emirates Airline President Plans Talks In Washington Over Subsidy Row

US carriers accuse Gulf airlines of receiving more than $40 billion in government subsidies since 2004.

Etihad To Start Daily A380 Service To New York From December 1

The Abu Dhabi carrier currently flies the jumbo jet to London, and will soon begin A380 services to Sydney.

Iran Rejects Obama’s Demand For 10-Year Nuclear Halt Work

On Monday, Obama said Iran must halt nuclear work for at least 10 years for a deal to be reached between Tehran and six major powers.

BlackBerry Unveils New Mid-Market Leap Smartphone

The phone, unveiled at the Mobile World Congress, would hit stores in US and European markets around April and be priced around $275.

Iran Says Nuclear Deal Hinges On U.S. Will To Lift Sanctions

Iranian Foreign Minister Mohammad Javad Zarif insisted that an agreement couldn’t be reached as long as sanctions existed.

Emirates President Tim Clark Urges US Govt To Ignore Subsidy Claims

He was responding to allegations made by the three largest U.S. airlines, Delta Air Lines, American Airlines and United Airlines.

US Firm Raytheon Agrees To Equip UAE Armoured Vehicles With Rockets

The firm did not give a contract value or say when delivery will begin.

Oil Falls Sharply After US Crude Inventories Rise

Brent crude oil prices slipped below $59 a barrel on Thursday.

Oil Rises To $62, Close To 2015 High

Brent has jumped by almost 40 per cent in the last four weeks, supported by a sharp fall in U.S. oil drilling.

Emirates Introducing A380 On Milan-New York Route

The service will begin from June 1, and raise superjumbo capacity between Dubai and Milan.

Dubai’s MAF To Open Canadian Brand Lululemon Stores In ME

The first lululemon athletica store is slated to open in Dubai later this year.

US Airlines Disclose Details Of Bookings Lost To Qatar, UAE Carriers

US airlines are stepping up efforts to persuade the American government to alter or terminate the Open Skies pacts.

United States Closes Its Embassy In Conflict-Hit Yemen

Last month, Houthi fighters, who had captured the capital in September, seized the presidential palace, driving the President to resign.

US Welcomes UAE Decision To Base Fighter Jets In Jordan

The UAE had earlier suspended flights as part of the U.S.-led coalition conducting air strikes against ISIL.

Saudi Prince Alwaleed’s Kingdom Holding Sells 5.6% Stake In News Corp

Kingdom’s stake decreased from approximately 6.6 per cent ownership to roughly one per cent ownership.

Apple iPhone Sales Trample Expectations As Profit Sets Global Record

The company sold 74.5 million iPhones in its fiscal first quarter ended Dec. 27.

Obama And Saudi King Discuss Iran, Energy In Symbolic Visit

Obama cut short a trip to India to fly to Riyadh, and was joined on the four-hour visit by a big delegation.

Etihad Cancels New York Flight As Winter Storm Hits Northeast US

The Abu Dhabi airline is offering passengers travelling on January 27 and 28 the option to postpone their tickets.

Obama Includes Republicans In Delegation To Meet New Saudi King

US President Barack Obama will fly a 30-member delegation to Riyadh on Tuesday.

Obama, World Leaders Head To Saudi Arabia To Offer Condolences

Russia’s PM Dmitry Medvedev, UK’s PM David Cameron and French President Francois Hollande are also visiting Saudi to offer condolences.

Twitter Buys Indian Mobile Marketing Start-Up ZipDial

Bengaluru-based ZipDial gives clients phone numbers for use in marketing campaigns.

Samsung Talks To BlackBerry About $7.5bn Buyout – Source

The Korean firm is looking to gain access to BlackBerry’s valuable patent portfolio.

Citigroup Loses Appeal Over Abu Dhabi Fund’s Arbitration

Abu Dhabi Investment Authority is pursuing a second arbitration over its $7.5 billion investment in Citigroup in late 2007.

Saudi Oil Minister Holds Talks With US Energy Deputy

They discussed global oil markets and cooperation on energy and environmental issues, climate change and solar energy use.