Abu Dhabi Firm Buys London’s New Scotland Yard Building For $578m

The 600,000 sqft site, located in prime central London, will be redeveloped into a multi-use development.

UAE’s Mulk Holdings Invests $40m In Nigeria’s Shopping Centre

The duty free shopping centre, situated in Lagos, is scheduled to be completed by 2016.

UAE To Activate $5.7bn China Currency Swap Soon

The agreement has been designed to facilitate two-way trade and investment.

Air Canada To Launch Direct Flights Between Toronto And Dubai

The three-times-weekly service will begin operating from November 2015.

Stock News: Dubai Plunges 4.2% As Oil Hits New Low

The main Dubai index drop almost neared its July low as panicky retail investors began selling off.

Stock News: Dubai Leads Losses As Oil Drags Gulf Down

Brent crude oil fell more than $2 a barrel on Monday to a new five-year low.

Oil Drops $2 To Five-Year Low On Oversupply

US investment bank Morgan Stanley said oil prices could fall as low as $43 a barrel next year.

Canadian Embassy In Cairo Closed Due To Security Concerns

The British Embassy in Cairo closed to the public on Sunday, also citing security concerns.

Madison Backs Qatari Bid For Canary Wharf Owner Songbird

The hostile move followed Songbird’s rejection of an initial $3.43 billion approach.

Qantas Flight From Dubai To Sydney Diverted To Perth After AC Fault

The aircraft descended from 39,000 to 10,000 feet in five minutes before landing safely in Perth.

Swiss Firm Comlux Orders Two Boeing BBJ Max 8s At MEBA In Dubai

Around 30 per cent of all BBJs in service are operated by Middle East customers.

Airbus Unveils New VIP Cabin For A330s In Middle East

European manufacturer’s ACJ330 Summit targets governments and VIPs

Abu Dhabi-based Cristal Group Expands In Erbil And Saudi Arabia

The group is opening three new hotels in the Iraqi city of Erbil and a new hotel in Saudi Arabia, its chief executive said.

Trade Finance, The Islamic Way

Islamic lenders need to improve their efficiency and increase penetration in predominantly Muslim markets to be big players in global trade finance.

Video: Abu Dhabi Police Detain Suspect In Mall Murder

The suspect has been identified as a 38-year-old Emirati woman.

Saudi Suspends Aid To Yemen After Houthi Takeover

Houthi fighters, friendly with Iran, took over the capital Sanaa in September.

Oil Steadies Around $70, Further Fall Possible

Brent hit a five-year low below $68 a barrel on Monday after averaging around $110 a barrel in 2011 to 2013.

Stock News: Gulf Markets Upbeat As Oil Prices Rise

Brent crude was up 0.3 per cent at $70.10 a barrel at 0840 GMT.

This Year May Be Hottest On Record, Adds Urgency To Climate Talks – UN

The global average air temperature over land and the sea surface for January to October was 0.57 degree Centigrade.

Qatar Airways To Launch A380 To Bangkok From December 5

The airline had initially planned to deploy the jumbo jet to the Thai capital from January 2015.

Lufthansa Pilots’ Strike Impacts Gulf Flights

Half of all long-haul flights are affected as group unveils details of low-cost long-haul division

Indonesia To Sign Sales, Refinery Deals With CNOOC, Saudi Aramco

Indonesia’s oil firm Pertamina is in talks with CNOOC, Saudi Aramco, Thailand’s PTT Pcl and a Japanese oil company to form joint ventures.

UAE’s RAK Petroleum Ups Stake In Cote d’Ivoire Oil Field

The company has invested up to $10.6 million to raise its stake in Block C1-27, an oilfield situated in Cote d’Ivory.

Air Berlin Starts Abu Dhabi Stuttgart Flights

New route marks first connection between UAE and German city

Qatar To Lift Travel Ban On US Couple In Child Death Case

US officials said that all the requirements have been met for Matthew and Grace Huang to leave the country.

Egypt’s Public Prosecutor Appeals Mubarak Verdict

A court decided to drop charges against former president Hosni Mubarak over the killing of protesters in a 2011 uprising.

Emirates Extends AC Milan Sponsorship Deal For Five Years

The airline will continue to sponsor the club’s shirts until the 2019/2020 season.

Qataris Leading Race For $900m Pepe Jeans Buyout

The clothing retailer, which is also selling its menswear brand Hackett, expects binding offers in around three weeks.

Gulf Markets Stabilise After Panic Sell-Off

Brent crude fell nearly $2 a barrel to a five-year low below $68 in early trade on Monday but then pared some losses and climbed towards $70.

Middle East Retailer Azadea Eyes $500m From Stake Sale

Azadea expects to fetch between $400 million and $500 million with its offer of a 25 per cent stake, sources said.