Dubai Expo 2020 Team Visits Milan Ahead Of World Expo 2015

Expo 2015 Milan is themed around the issue of tackling global food and hunger challenges.

Iran, US, EU Hold Nuclear Talks In Oman

The discussions are taking place just two weeks before a self-imposed November 24 deadline for reaching a comprehensive deal.

Stock News: Qatar, UAE Stocks Rise After MSCI Index Review

Shares in Dubai’s Emaar Properties and Dubai Islamic Bank, whose weightings also increased, rose 2.5 and 1.6 per cent respectively.

Egypt Received $10.6 bn From Gulf Last Fiscal Year -Minister

Of about 74 billion Egyptian pounds of aid received in the 2013-14 fiscal year, 53 billion pounds was in the form of petroleum products, with the remaining 21 billion pounds coming as cash grants.

OPEC Concerned, Not Panicking About Oil Price – Badri

Abdullah al-Badri said it was up to OPEC member countries to decide how to respond to the oil price drop.

Saudi Arabia Is Not Declaring An Oil Volume War (Yet)

Aramco cut December crude prices to US refiners to maintain its market share, writes Reuters market analyst John Kemp.

Can Tehran Seize The Day?

The menace of ISIL has presented Iran with an opportunity to liberate its economy from sanctions by emerging as a responsible regional power that Washington and Riyadh can work with. Can it seize the opportunity?

Olympics- Give Middle East A Chance, Says Asian Olympic Chief

Sheikh Ahmad Al-Fahad Al-Sabah, the president of the Olympic Council of Asia, said the World Cup could be a catalyst for positive change in the Middle East.

French Lawmakers Seek Clarity On Qatar Tax Breaks

Currently, Qatari investors are exempt from taxes on profits made when they sell properties purchased in France.

Emirates To Launch Fourth New York Service

Third A380 service provides more choice for passengers connecting later in Dubai, and flying onwards in America

Amsterdam’s OCI To Spin Off Construction Business, List In Egypt, UAE

The new company is expected to be named Orascom Construction.

Egypt Receives $1bn Grant From Kuwait

Gulf countries have stepped in to help Egypt since the ouster of Islamist President Mohamed Mursi last year.

Abraaj Buys Into Southeast Asia’s Wine Scene

The deal is Abraaj’s fourth investment into Southeast Asia’s food and beverage industry.

MENA IPOs Raise $1.7bn In Q3 2014

There were a total of three IPOs in the MENA region during the third quarter with the Emaar Malls Group (EMG) listing being the largest in 2014, the report said.

RBS Says Reviewing Options After Middle East Corporate Loan Book Sale

The statement from the bank was issued following a Bloomberg News report about RBS hiring PricewaterhouseCoopers to sell its Middle Eastern corporate loan book.

Gold, Silver Slump To Fresh Four-Year Lows

A strong dollar, on a seven-year high against the Japanese yen, kept investors away from safe-haven assets.

Middle East Carriers Record Strongest Rise In Sept Air Travel – IATA

Regional airlines recorded a passenger demand growth of 15.8 per cent in September 2014, compared to a year ago, said IATA.

Billionaire Nassef Sawiris To Ramp Up Egypt Investments After Tax Win

He said the first would be a multibillion-dollar project related to the power sector in partnership with a Middle Eastern group.

Sudan Says In Talks With Qatar Over Natural Gas Imports

The African nation hopes to get shipments as early as next year to use in generating power.

Kuwait To Raise Crude Oil Exports To Egypt, Could Send Diesel

Kuwait has said it would ship around two million barrels of crude oil a month to Egypt, giving it priority as a buyer ahead of sales from storage into the Mediterranean market.

Facebook Cashing In On Video Ads As MENA Users Reach 74m

The social networking website is tapping in on its recently introduced video features to attract more advertising revenues.

UAE Remains Top Pick For Middle Eastern Property Investors – Survey

The levelling-off in the market is however prompting investors to explore other asset classes, said the JLL survey.

China Makes ICBC Yuan Clearing Bank For Qatar

China has appointed clearing banks for Taiwan, Singapore, London, Frankfurt, Paris, Luxembourg and Seoul in the past two years.

Qatar Sovereign Fund To Launch $10bn Investment Fund With China’s CITIC

QIA, estimated to have around $170 billion, and state-owned CITIC Group signed an MoU to launch the 50-50 investment fund.

Etihad-Owned Air Berlin Names New CEO In Push For Return To Profit

CEO Wolfgang Prock-Schauer will be replaced by Stefan Pichler on February 1, 2015.

UAE’s Emirates Airline To End FIFA Sponsorship

Emirates was one of six main FIFA sponsors who collectively paid around $180 million last year.

UAE’s Abraaj Offers $118m For 100% Of Egypt’s Bisco Misr

The offer is for the whole company but Abraaj will accept no less than a 51 per cent controlling stake, it said.

Gulf Economies Edge Towards Reform As Oil Price Slides

The austerity plans may be the first serious effort by the wealthy Gulf Arab states to economise since the oil price slump of the 1990s.

Climate Change Fight Affordable, Cut Emissions To Zero By 2100-UN

The 40-page synthesis said that global warming is causing more heat extremes, downpours, acidifying the oceans and pushing up sea levels.

Egypt Signs $350m Oil, Power Financing Deals With Saudi

The total value of Saudi oil aid since July 2013 has amounted to about $5 billion.