UAE, Denmark Sign MoU To Advance Sustainability

Frederik, Crown Prince of Denmark, commended the UAE for embracing renewable energy.

Rolls-Royce Launches Limited Edition Ghost V-Specification

Interested customers in the GCC can commission the limited edition model between January and June 2014.

Exclusive: Just Falafel Eyeing Asian And European Expansion

Fast food chain plots Asian and European expansion on top of openings in UK and North America.

Arabtec Wins Dhs5.7bn Contract In Jordan

The project is an integrated entertainment, hospitality and leisure development and is expected to boost Jordan’s tourism industry.

MENA To Invest $50bn In Solar Power Sector By 2020

The contribution of solar power towards the region’s energy mix is forecast to shift significantly in the coming years, says new report.

World powers, Iran To Activate Landmark Nuclear Deal After IAEA Nod

If Iran meets its end of the agreement, the European Union and the US will suspend some economic sanctions in return.

UAE Plans Renewable Energy Projects In Five Pacific Nations

Fiji, Kiribati, Samoa, Tuvalu and Vanuatu will receive grants from the UAE’s $50m renewable energy fund.

Gulf Finance House To Sell 75% In Leeds United, Retain 10% Stake

GFH, which bought the second-tier club in 2012, said it had agreed to sell the stake to a consortium of British investors.

Saudi Oil Min Says U.S. Shale Oil Helps Keep Oil Markets Stable

Shale oil remains much more costly to produce than most Middle East crude.

Different Arab money

Middle East Investment Banking Fees Up 20% In 2013

Total fees rose to $722 million in 2013, the highest since 2010.

Middle East Professionals Consider Flexible Working Vital

A study has shown 71 per cent believe flexible working improves staff retention.

Shell And UAE’s Mubadala Swap Malaysian Offshore Field Stakes

Mubadala has taken a 20 per cent interest in Block 2B and Shell has taken a 20 per cent interest in Block SK320.

Chronic Wealth Gap Biggest Global Risk – WEF

A World Economic Forum report finds the gap between incomes is the biggest global risk, followed by extreme weather and unemployment.

Investcorp Sells UK-based TDX Group to Equifax for $327m

TDX is the UK’s largest debt placement services and debt management platform company.

Israeli Minister To Lead Delegation To Abu Dhabi Energy Summit

The Israeli delegation will be the first at government level to visit the UAE since the assassination of Mahmoud al-Mabhouh in Dubai.

OPEC Outages Cut Its Oil Output To Below 2014 Demand

OPEC sees fast growth in 2014 of 3.5 per cent, up from 2.9 per cent in 2013 as monetary stimulus continues.

MENA Green Energy On The Rise

With local energy demand surging, green power is rapidly gaining traction.

Top 10 Safest Airlines In The World

Nervous flyer? Fear no more. Fly with one of these airlines to (almost) guarantee your safety.

Jaguar Land Rover MENA Up 46% In Record Year

Land Rover sales in the region were up 49 per cent on the previous year while Jaguar saw a rise of 30 per cent.

Qatar’s Masraf Al Rayan Buys Islamic Bank Of Britain

IBB was majority-owned by another Qatari lender, Qatar International Islamic Bank.

Middle East Faces Oil Challenges From Shale And Within – BP

Middle East energy use will grow by 77 per cent by 2035, double the increase in production.

MENA IPOs Raise $726.2m In Q4 2013

IPOs in the MENA region recorded a 133 per cent increase in terms of volume and 114 per cent increase in terms of value compared to Q4 2012.

Audi Middle East Reports 16.3% Record Rise

Its Q7 model was its best-selling vehicle with a year-on-year rise of 36.8 per cent.

US, Gulf Arab States Pledge $1bn In Fresh Syria Aid

An international donor conference in Kuwait is intended to help the UN reach a $6.5 billion aid target.

Another Boeing 787 Dreamliner Grounded After Battery Problem

Japan Airlines was forced to ground one of its 787 aircraft after detecting smoke outside the plane.

Middle East Online Job Postings Rise 13% In December

Job openings in the banking, financial services and insurance industry grew 42 per cent year-on-year in December, recording the highest growth among industries in 2013.

Bahrain’s GFH Agrees Part Sale Of Leeds United Stake

GFH bought Leeds United in December 2012 through its Dubai-based subsidiary, GFH Capital.

First Jubail Diesel Cargo Adds To Pain For Europe’s Refiners

Saudi Aramco is set to ship the first cargo of diesel to the Mediterranean for January 23 loading.

Hong Kong Exchange CEO: “We Are Not Ready For China’s Boom”

Dr Li Xiaojia urges Hong Kong to boost its capabilities before it loses out to other international finance centres.

Online Banking Users Warned About New Threat

A new malicious Trojan called Neverquest is designed to steals usernames and passwords to online bank accounts, says Kaspersky.