Saudi Arabia To Give Lebanese Army $3bn In Aid

Some of the money is likely to be spent on weapons from France, said Lebanon’s President Michel Suleiman.

Emirates To Operate A380 On London Gatwick Route

The new service will be launched on March 30, 2014 and is expected to increase capacity by 36 per cent.

Egypt Declares Muslim Brotherhood A Terror Group After Bombing

The move came after after a car bomb ripped through a security headquarters in Mansoura, killing at least 16 people.

Gold Set For Biggest Annual Loss In Three Decades

The precious metal is headed for a near 30 per cent drop this year as the US heads towards a strong economic recovery.

Dana Jumps Most In 8 Years After Egypt Payment

The company received $53 million in dues from the Egyptian government.

Different Arab money

Soaring Compliance Costs Clip Wings Of Mideast, African Banks

Compliance teams face an increasing array of rules due to failings exposed by the financial crisis.

Top Sukuk Manager Sees New Issuers Aiding Sales

Governments from Dubai to Malaysia are seeking to promote Shariah-compliant bonds and become centers for Islamic finance.

UK Visa Waiver To Boost UAE Tourist Numbers

The UK has been aggressively targeting the wealthy Gulf tourists through various marketing campaigns this year.

Internet Privacy Tops IT Security Concerns In 2014

Recent revelations from the NSA scandal and the rising number of cyberthreats have exacerbated online privacy concerns.

Gulf Bond Issuance To Surge In 2014

Experts expect issuances to reach $40-45 billion next year, compared to $28.97 billion in 2013.

UAE’s Dana Gas Receives $53m From Egypt Government

Including the latest payment, Dana Gas has received a total of $130 million from the Egyptian authorities this year, it said.

Bomb Kills 13 At Egypt Police Compound

The army said a car bomb had been used in what it called a “vile terrorist attack”.

Dubai Energy Firm Secures Dhs1bn Funding For India Power Project

Coal & Oil will use the amount to complete its 1200mw thermal power plant under construction in Tamilnadu, India.

Qatar Offers To Help Iran Develop World’s Biggest Gas Field

According to the IEA, the South Pars field holds around 51 trillion cubic metres of gas and some 50 billion barrels of condensate.

Abu Dhabi Firm Buys Stake In Australia’s Swala Energy

The deal, valued at $2.9 million, is Hayaat Group’s first investment in East African oil exploration.

Qatar Fund In Talks To Invest $200m In Indian Property

Qatar Investment Authority is holding “conversations” with Kotak Realty Fund, says source.

World Powers And Iran Pause Nuclear Talks For Christmas

Experts from the six world powers and Iran have to settle the practical details of the accord.

Alitalia In Talks With Etihad For Possible Investment

The struggling Italian carrier is studying other options as well, said its CEO.

BAE Systems Falls After UAE Halts Eurofighter Talks

The company had been in discussions with the UAE about a deal possibly worth around $9.82 billion.

Where To Put Your Money In 2014

Matein Khalid, a global equities investor and advisor to regional family offices analyses value and risk in global stock markets.

African Jobs Vanish As Gold’s Price Drops And Mines Turn To Dust

Mining companies have announced plans to shutter mines or reduce operations after gold’s 25 per cent drop this year.

Different Arab money

Bank Of London And The Middle East Sees Gulf Sukuk Issuance Picking Up

Backed by rising economic confidence in the Gulf, tenors of newly issued sukuk will tend to become longer, says BLME CEO.

Houston Exhibit Shows Antiquities From Saudi Arabia

Roads of Arabia, which runs through March 9, features tools, steles, incense burners, statues and other pieces from the Kingdom.

Al Jazeera Weighs Bid For $1bn Turkish Pay-TV Firm Digiturk

Al Jazeera’s interest in Digiturk stems from the pay-TV operator’s access to football rights in the country, sources said.

Expo 2020 Allegations By Gulf News “Baseless”, Says Pakistan

The newspaper defends its decision to publish the editorial, which accuses Pakistan of betraying the UAE by not supporting Dubai during the Expo 2020 vote.

Global Immigrants Send $500bn Back Home to Poorer Nations

he US is the largest source of remittances, sending $123.3 billion in 2012, the Pew analysis of World Bank data shows.

MENA Governments Urged To Develop Mobile Apps

Governments in the region must create well-designed apps that allow citizens to connect frequently and directly with them, says study.

Dubai Sells Stake In Landmark Miami Hotel To Turnberry

Dubai World had paid $375 million in 2008 for its 50 per cent stake in Fontainebleau Miami Beach.

OMD Wins Media Network of the Year 2013

With 100 per cent client retention and growth nudging 10 per cent, OMD wins top award from Campaign magazine.

TAQA Receives UK Approval For North Sea Development

The Morrone field is expected to initially produce over 3,000 barrels of oil equivalent per day.