Malaysia’s MSM Scraps Pact With Dubai’s Al Khaleej To Build Sugar Refinery

Due to the fact that the project is of “national interest”, MSM decided to build it without a partnership, it said.

LinkedIn Launches In Arabic, Hopes to Increase MENA Presence

The professional networking site has over 14 million users in the MENA region at present.

Libya Airport, Airline Says Egypt Closes Airspace

The website of Tobruk airport, in eastern Libya, said all flights between Egypt and Libya had stopped.

Deposed Egyptian President Mursi To Face Military Court

Mursi, who has been incarcerated in an Egyptian jail, is facing trial in several cases in civilian courts.

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.

Egypt’s Sisi Urges UN Mandate For Libya Coalition

Egypt’s jets bombed ISIL targets in Libya after the group beheaded 21 Coptic Christians earlier this week.

IEA’s Birol Says Middle East Militancy Poses “Major Challenge” For Oil

Security challenges created by groups such as ISIL are impacting oil investments, which will affect future production, an expert said.

UK Businessman Takes Emirates To Court Over Lost Luggage

Abrar Khan claimed the airline refused to compensate him after losing his luggage en-route to Dubai.

GCC Sees Construction Projects Worth $67.6bn Completed In 2014

Around 42 per cent of the completed projects were residential buildings while 16.9 per cent were commercial buildings, a new study shows.

Etisalat’s Egypt Unit Signs $120m Loan

HSBC and National Bank of Abu Dhabi, will each provide $60 million each to Etisalat Misr.

UAE Calls Egyptian Hostage Killings By ISIL “An Ugly Crime”

The UAE’s president and other leaders condemned the killings and affirmed their support to Egypt in rooting out such radical groups.

Orascom Construction To List On Nasdaq Dubai, Egyptian Exchange

The listing followed a demerger of OCI NV’s engineering and construction business from its fertilizer and chemicals business.

Emirates Introducing A380 On Milan-New York Route

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

Egypt Says It Bombed ISIL Targets In Libya

The attack focused on ISIL camps, training sites and weapons storage areas in Libya, where Islamist militants have thrived amid chaos.

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.

Sisi Warns Of Response After ISIL Kills 21 Egyptians In Libya

The president said Cairo would choose the “necessary means and timing to avenge the criminal killings”.

ISIL Releases Video Purporting To Show Killing Of 21 Egyptians In Libya

The Egyptians, dressed in orange jump suits, were beheaded after being forced down on the ground.

Egypt Lines Up $6.8bn Of Kuwaiti Investment For Energy Projects

Prime Minister Ibrahim Mahlab signed MoUs with Kuwaiti companies involving projects due to start in three to five years.

Different Arab money

Gulf States Continue Dialogue On Value-Added Tax – UAE Official

The GCC states have been mulling the introduction of VAT since 2007 to broaden their revenue base.

Egyptian Court Puts Ousted President Mursi On Trial Over Qatar Link

Ex-Islamist president Mohamed Mursi is charged of endangering national security by leaking state secrets and sensitive documents to Qatar.

Alghanim Industries Signs Deal To Expand Wendy’s In The Middle East

Kuwait’s Alghanim has acquired all operational outlets of Wendy’s in the UAE with plans to open additional stores in the MENA region over the next 10 years.

Jordan Jails Senior Muslim Brotherhood Leader For Criticising UAE

Rushaid, the deputy head of the Muslim Brotherhood in Jordan, had criticised the UAE for designating the pan-Islamic movement as a terrorist group.

Gulf States Urge U.N. To Enforce Resolution In Yemen

GCC members urged the Council to pass a resolution, which authorises the use of military force or economic sanctions to enforce Council resolutions.

UAE Looks East, Eyes Larger Trade With China

The UAE looks to grab a larger share of trade with China, outwitting its Gulf peers.

Egypt Court Releases Two Al Jazeera Journalists But Case Not Dismissed

Fahmy, who is a naturalised Canadian citizen, was released on bail of $32,765 while Mohamed was released without bail.

Pay TV Network OSN To Launch WWE Channel In The Middle East

OSN has signed a five-year partnership with the wrestling network to distribute it as a premier channel in the MENA region.

Emirates’ Sheikh Ahmed Challenges US Airlines To Reclaim Marketshare

The airline chief said that the US carriers underestimated the level of competition when they signed the open skies policy in 1999.

Saudi Oil Minister Discusses OPEC With Russian, Algerian Officials

Under Saudi guidance, OPEC decided last November not to cut output, allowing oil prices to plunge.

IMF Says Egypt’s Reforms Starting To Spur Turnaround In Economy

The IMF projected growth to reach 3.8 per cent in 2014/15 and to rise to five per cent over the medium term.

Online Food Delivery Firm Foodpanda Acquires UAE’s 24h.ae

Food delivery business 24h.ae, founded in 2011, will continue with the current management and team.