UAE Says Shocked By US Vice President’s Comments On Terror Financing

Joe Biden said that the Middle East had provided money and weapons to Al Nusra and Al Qaeda.

Islamic State Video Shows Second British Hostage Beheaded

British aid worker Alan Henning was part of an convoy taking medical supplies to a hospital in Syria in December last year when he was kidnapped.

Apple To Hold iPad Event On Oct. 16

The iPhone maker is expected to unveil the new iPads and the latest updates to its iMac line, according to reports.

Private Banking Special 2014: State Of The Wealth

Private Banking in the region is set to grow further this year, as nationals switch from protecting their wealth to growing it.

Middle East and Africa M&A Values Plunge 62% Q-on-Q In Q3 2014

Mergermarket attributed the sharp decline in total values to the lack of inbound mergers and acquisitions.

Middle East Carriers Post 7.8% Cargo Growth In August

The air cargo growth was aided by Middle East airlines’ growing links to developing markets and their diversification plans, IATA said.

Gulf Arabs Demand Return Of State Authority In Yemen

GCC states would not “stand idly” in front of foreign intervention, the ministers said in a statement after the meeting late on Wednesday in the Saudi Arabian city of Jeddah.

Oil Rises From More Than Two-Year Low

Concern over rising OPEC oil supply, weak European and Chinese growth and a stronger dollar pushed Brent to its lowest since June 2012 on Sept 30.

Middle East Stock Markets To Close For Eid Holidays

Bourses in Saudi Arabia, Qatar, Kuwait and Oman will close for the whole week starting October 5.

Dubai Chamber Of Commerce Opens Ghana Office

The office adds to DCCI’s presence in the Ethiopian capital Addis Ababa.

DP World Chairman “Sure” Djibouti Operations Will Return To Normal

The Dubai-based port operator has been accused of bribery by the Djibouti government.

Emirates Starts A380 Dallas Flights

New daily A380 service to Texas city dovetails with Qantas’ new superjumbo flight from Sydney

French Affordable Smartphone Player Wiko Launches In UAE

Wiko, which claims to be Europe’s fastest growing smartphone brand, has launched eight models in the UAE.

Germany Examines Etihad, Air Berlin Codeshare Plans

Air Berlin said that the authorities were trying to put a new spin on the provisions of an air transport deal between Germany and the UAE during the review of the airlines’ winter schedules.

UAE Firm Signs Deal To Build Egypt’s First Coal-Fired Power Plant

Al Nowais Investments, an Abu Dhabi-based private firm is leading a consortium to build Egypt’s first coal-fired power plant in the Suez area.

Different Arab money

Some Win, Some Lose In Gulf’s Sukuk Mutual Fund Market

Funds dedicated to sukuk are a rare breed, with only 20 currently marketed in the Gulf.

Emirates Signs 10-Year Management Deal With Angola Flag Carrier

Dubai carrier appoints senior managers but will provide no equity.

Up to 53% Of Data Generated In MENA Not Protected

The Middle East and North Africa region is expected to see its digital universe grow by over 600 per cent by 2020, finds new study.

Gulf Countries To Invest Up To $5bn In Africa Annually – Study

Gulf states have provided $30 billion in funding over the last decade to develop African infrastructure, a study says.

Islamic State Fight Seen Costing U.S. $2.4bn Or More Annually

Intensifying the scale of operations against the militants could send costs soaring to between $13 billion and $22 billion annually, analysts say.

Dubai Tops List Of Billionaire Cities In The Middle East

The city has 34 billionaires with a combined wealth of $79 billion, says new report by Wealth-X and UBS.

Gulf Electricity-Sharing Grid Looks At Growing Larger

The grid has been working since 2009 with trading touching the equivalent of 800,000 mega watts (MW) hour of energy annually.

Dubai’s Arabtec Says Plan For $40bn Egypt Housing Scheme Nearly Completed

The project would not only mark a huge expansion of Arabtec’s business but also boost Egypt’s struggling economy and help to resolve a housing shortage.

Iran Urges OPEC To Stop Oil Slide, Gulf Members Relaxed

Oil has fallen from $115 in June, pressured by concern about slowing global demand and higher supplies, raising concern among some oil exporters of lower revenues.

Qatar Says Fight Against Islamic State Will Fail If Assad Stays

Islamic State fighters have exploited the chaos of Syria’s three-year-old civil war, which pits Assad and his allies against mainly Sunni Muslim rebels and Islamist militants.

As Risks Multiply, NGOs Reassess Security In The Middle East

International aid agencies are relying increasingly on local organisations to get access to communities in need both in Syria and Iraq.

Majid Al Futtaim To Partner With British Firm AllSaints For Regional Stores

MAF-Fashion will begin the roll out of the AllSaints stores across the GCC in 2015, a statement said.

Saudi Arabia Sent $3bn Worth Of Fuel To Egypt Since April

The total value of oil aid to Egypt from Saudi Arabia since July 2013 through September of this year amounted to $5 billion.

US, Saudi Arabia, UAE Strike Modular Oil Refineries In Syria

One U.S. official told Reuters that such refineries could produce about $2 million a day in oil revenue.

Apple iPhone Rollout Marred By Bending Phones, Dropped Cell Service

Apple iPhone 6 Plus buyers discovered their phones can bend when placed in back pockets.