At Least Eight Killed As Gunmen Storm Hotel In Libyan Capital

Two armed gunmen stormed into the five-star Corinthia Hotel and fired at guests before blowing themselves up with a grenade.

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.

Sony To Cut 1,000 Jobs In Smartphone Business – Nikkei

The cuts are in addition to the 1,000 jobs Sony said it would eliminate in its mobile unit in October, Japan’s Nikkei reported.

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.

Regional Airlines Suspend Baghdad Flights After Airplane Shooting

Emirates Airlines, flydubai, Air Arabia and Etihad Airways suspended flights on Tuesday, in line with a directive from the UAE’ civil aviation authority.

Obama Includes Republicans In Delegation To Meet New Saudi King

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

Emaar Properties Targets Q2 For $270m Egypt Unit Float

Emaar Misr has a portfolio of investments in Egypt worth around 53 billion pounds.

Oil Steadies After OPEC Says Prices May Have Bottomed

Oil prices have lost nearly 60 per cent in value since last peaking in June 2014.

Kuwait’s Zain Says Iraq Court Rejects $4.5bn Claim Against Firm

Unnamed claimants filed a lawsuit against Zain over its 2007 acquisition of an Iraqi telecom operator.

OPEC Head Expects Some Oil Price Rebound Soon, Warns Of Future Spike

OPEC Secretary-General Abdullah al-Badri said oil prices may have reached a floor.

NMC Health Planning To Dual-List In Abu Dhabi This Year

Three Abu Dhabi firms have listed in London since 2013: Al Noor Hospitals, Gulf Marine Services and NMC Health.

Oil Prices Fall On Market Relief Over Saudi Policy

King Salman has retained veteran Saudi oil minister Ali al-Naimi, in a message aimed at calming a jittery energy market.

Abu Dhabi Bourse CEO Says Most London-Listed Local Firms Agree Dual-Listing

Three Abu Dhabi firms have listed in London since 2013: Al Noor Hospitals, Gulf Marine Services and NMC Health.

Malaysia Airlines Website Targeted By Hacker Group “Cyber Caliphate”

In a statement, MAS said the website was not hacked, but that users were redirected to a hacker website.

Talks To End Yemen’s Political Crisis Falter

President Abd-Rabbu Mansour Hadi resigned on Thursday after Houthi fighters crushed his presidential guards and deployed outside his home.

At Least 17 Killed In Protests On Anniversary Of Egypt Uprising

Protesters marked the anniversary of the 2011 uprising that toppled Hosni Mubarak.

Oil Falls After Greek Election Sends Euro Tumbling

Global financial markets reacted to the Greek election on Monday with the euro dropping to near an 11-year low against the dollar.

Qatar-Based Cleric Urges Protests In Egypt On Uprising’s Anniversary

Qaradawi’s outspoken support for the Islamist movement has previously contributed to a diplomatic rift between Qatar and its Gulf Arab allies and Egypt.

UAE Retailer Marka To Develop UEFA Champions League-Themed Stores

The first retail and dining concept store is set to open in Abu Dhabi’s Yas Mall in May, with plans also lined up for Dubai.

Japan Condemns Apparent ISIL Execution, Demands Hostage Release

Japanese Prime Minister Shinzo Abe called the apparent killing of Haruna Yukawa “outrageous and impermissible.”

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.

Ultra Electronics Says Oman Airport IT Contract Terminated

The contract was worth about 207 million pounds when won in 2011.

Gulf Banks Flourish In 2014 On Strong Economic Growth

Gulf banks have recorded much improved net profit numbers in 2014 driven by higher loan growth, increased non-interest income and reduced provision charges.

Oil’s Plunge To Siphon Gulf Petrodollars From Global Markets

Governments will probably liquidate some of their fund assets to cover budget deficits as their revenues fall; if Brent stays at its current level around $50.

Abdel-Malek Al-Houthi: Provincial Rebel Turned Yemen Powerbroker

Al-Houthi, in his early 30s, rarely appears in public or gives press interviews, but has positioned himself as a revolutionary national leader.

Oil Prices Rise Above $50 Ahead Of Expected ECB Move

The ECB’s Executive Board has proposed a programme that would allow it to buy $58 billion of bonds a month starting in March.

Different Arab money

Growth In Gulf Arab Oil States To Slow Moderately This Year

Analysts believe GCC governments will be able to use huge financial reserves to keep state spending high.

Lord Mayor Of London To Visit UAE To Boost Finance Ties

Alderman Alan Yarrow will visit Abu Dhabi and Dubai during his trip next week, part of wider 12-day GCC visit.

Stock News: Mobily Weighs On Saudi; Egypt Extends Gains

Saudi Arabia’s main index was nearly flat while Egypt’s bourse rose 1.2 per cent.

Yemen Leader Ready To Accept Demands Of Houthis After His Guards Defeated

Hadi said the group had a right to serve in posts in all state institutions, and a draft constitution that has been a source of disagreement was open to amendment.