The LNG Ship Is Leaving Middle East Shores

Is continuing instability and stalled LNG production in the Middle East causing the region to lose its competitive advantage?

Gold Slips Ahead Of ECB, US Data

Spot gold fell 0.3 per cent to $1,399.16, as a gold import duty hike in India raised worries about future demand.

Brent Steady Near $103 On Stimulus Fears

Prices are being supported by worries that the political situation will worsen in the Middle East.

Gulf Arab States Warn Against Travel To Lebanon

Sectarian violence fuelled by Syria’s civil war has broken out in the northern Lebanese city of Tripoli.

India’s Bharti Airtel Shareholders Approve Qatar Stake Sale

The deal marks Qatar’s first major investment in a listed Indian company.

India’s L&T Wins $300m Gas Project In Saudi Arabia

L&T will build a plant with a processing capacity of 75 million standard cubic feet per day.

Gold Recovers From 1% Fall On US Bond-Buying Hopes

Spot gold rose 0.5 per cent to $1,406.26 an ounce, after falling 0.9 per cent on Tuesday due to new import rules imposed by India.

India says Emaar JV Violated Rules In $1.5bn Investments

Emaar MGF Land has been accused of using overseas funds to buy agricultural land, which is not allowed.

Middle East Airlines To Post $1.5bn 2013 Profit – IATA

Regional carriers are benefitting from increased passenger demand and high connectivity.

Kuwait’s Zain Launches Share Sale Of Iraqi Unit

The telecoms operator will offer 55.9 million shares at one dinar each.

Lufthansa Open To Future Co-operation With Gulf Airline

The German airline’s CEO Christoph Franz said that Lufthansa may enter a partnership, but there was “no rush.”

Turkish PM Erdogan Denounces Riots In Turkish Cities

Hundreds of police and protesters have been injured since riots began on Friday.

Top 10 Best Employers In The Middle East

DHL and Microsoft lead the list, finds the latest survey by Aon Hewitt.

GCC Countries To Consider Action Against Hezbollah

The GCC has called Hezbollah’s involvement in Syria “sectarian intervention”.

Etihad Expands To South America, Launches Flights To Brazil

The Abu Dhabi carrier will offer non-stop flights to Sao Paolo three times a week.

Middle East Debt Issuers Warm To Cross-Border Sukuk

Development of sharia-compliant hedging tools is making it easier for issuers to invest in foreign currency assets, say experts.

Saudi And Egypt Sign $1.6bn Deal To Link Power Grids

The project will allow both countries to share power of up to 3,000 megawatts.

REVEALED: Top 10 Richest Countries In The World

Qatar and the UAE feature on the list of the world’s richest nations as measured by GDP per capita.

A Shift Of Focus For Solar Energy In ME

We now know why but need to determine how, says Hannes Reinisch, senior manager for renewable energy and sustainability, PwC.

OPEC Coasts Towards Deal With Oversupply Fear On Hold

Triple digit oil has encouraged development of U.S. shale oil in North Dakota and Texas, some of which is the most costly in the world.

UBP Snaps Up Lloyds International Private Banking Arm

Lloyds also said on Wednesday that it would close its business in Dubai and intended to withdraw from South Africa.

Emirates Secures $160m Sponsorship Deal With Real Madrid

The new four-year deal promotes the Dubai-based carrier to main shirt sponsor of the club from the 2013/14 season.

Abu Dhabi Fastest Growing City In ME, Africa

The MasterCard Cities Index report showed the UAE’s capital has a growth rate of 16.1 per cent in relation to visitor numbers.

Canadian Visa Waiver To UAE Effective From June 1

Canadian Foreign Affairs Minister John Baird confirmed the news in Ottawa.

Middle East CEOs More Confident Than Global Peers

While 17 per cent of regional CEOs are more confident than their global counterparts, they are seven per cent less sure than last year.

Antique Apple-1 Fetches Record $671K

The market for old Apple computers is heating up, with prices steadily increasing.

Gold Stuck Below $1,400 As Stocks And Dollar Firm

The dollar index was up 0.2 per cent, while European stocks gained 1.2 per cent.

Emirates To Restart Tripoli Flights In September

Resumption of services after two years will benefit passengers with connections within the GCC, Indian Subcontinent, Far East and West Asia

UK Expats – Are You Liable To Tax Back Home?

The UK’s new residency criteria could have major consequences for some expats, says James Thomas, regional director at Acuma Independent Financial Advice.

Gold Rises Due To Physical Demand, Weaker Dollar

Gold is still down nearly 17 per cent this year after last month’s rout pushed prices down to $1,321.35.