Tanzania Releases UAE, Saudi Citizens Held Over Church Bombing

The UAE Foreign Ministry announced that the Emiratis had been released on its Twitter account late on Sunday.

Carlyle Buys Stake In Jordanian Food Company Nabil

Carlyle raised $500 million in 2007 for its debut fund in the region. The fund now has five companies in its portfolio including Saudi Arabia’s General Lighting Co.

UAE Ministry Issues Lebanon Travel Warning

Emirati citizens advised not to travel to the popular Arab country after a demonstration by pro-Assad Syrians in Sidon.

SARS-Like Virus In Saudi Can Pass Person-To-Person

A virus from the same family triggered the outbreak of Severe Acute Respiratory Syndrome that swept the world after emerging in Asia and killed 775 people in 2003.

Brazil Aims To Multiply Investments From UAE

The country is mainly eyeing investments in energy, logistics and infrastructure.

Indian Companies, GCC Banks In Global Cyber Heist

Rakbank suffered a $5 million coordinated heist at ATMs around the world in December while Bank of Muscat lost $40 million in February.

Exxon And Qatar To Ship US Natural Gas To Britain

Under the deal, the companies would send up to 15.6 million tonnes of LNG each year to their South Hook terminal in Wales from the Golden Pass plant in Texas.

Tensions Rise In Northern Iraq Oil Dispute

Kurdistan thumbs its nose once more to Federal Iraq in a long-running feud that threatens to boil over

Intercontinental Hotels Group Targets Long-Stay Guests

IHG will open its first Staybridge Suites in Beirut in July and a contract should be signed in Dubai “pretty soon”.

U.S. Requests Talks With Bahrain Over 2011 Labour Crackdown

The U.S. Labour Department issued a report in December, some 20 months after the general strike, that faulted the Bahrain government for the actions it took.

OPEC Appoints Saudi In Top Research Post Over Iranian Candidate

Saudi Aramco’s Omar Abdulhamid was appointed as the head of research, the second most senior post at OPEC.

Dow Chemical Receives $2.2bn In Damages From Kuwait

Last year, an international arbitrator told Kuwait’s Petrochemical Industries to pay up for pulling out of a K-Dow joint venture in 2008.

Low-Cost Carriers ‘Are The Future Of Aviation’

Industry leaders from flydubai, Lufthansa and Boeing discuss the future of low-cost travel at Arabian Travel Market.

Thailand Woos Middle East Honeymooners

The Southeast Asian nation hopes to see a five per cent annual growth in Middle East travellers.

Exclusive: Rotana To Launch Residences Brand

The first property under the new brand is due to open on The Pearl, Qatar in September.

Arabian Travel Market 2013 – Day 1 Roundup

The most important news and announcements from the opening day of the region’s biggest travel event.

Emirates-Qantas Deal Not A “Reaction” To Competition – Clark

Emirates president Tim Clark said the airlines were not influenced by Etihad’s partnership with Virgin Australia.

SriLankan Airlines Posts 26% Rise In ME Passengers

The national airline carried a total of 463,999 passengers in the last year.

Gulf Airlines Prepare For Boeing’s 777X Offering

Emirates and Qatar Airways are expected to be among the first and possibly biggest customers for Boeing’s latest aircraft.

Citi Taps Wealthy Middle Eastern Family Firms

Citi’s family office unit is part of the private bank business which manages over $250 billion in assets and serves over a third of the world’s billionaires.

Qatari Investor Close To Stake In SolarWorld

A source has said Qatar Solar Technologies (QSTec) is willing to take a minority stake in the German solar company.

Qatar Buys Stake In India’s Bharti Airtel For $1.3bn

The deal is being channelled through Qatar Foundation Endowment.

Many In Muslim World Want Sharia As Law Of Land

Study finds over three-quarters of Muslims in MENA and South Asia want sharia courts to decide family law issues such as divorce and property disputes.

Facebook’s Q1 Profit Up 58% As Mobile Ads Surge

The social networking site generated mobile advertising revenues of almost $375 million during the first quarter.

Japan Signs Nuclear Technology Deal With UAE, Wants More Oil

Japanese Oil Development Co. owns 12 per cent of the Abu Dhabi Marine Operating Company oil and gas concession which expires in 2018.

Masdar Eyes Further Investment In UK’s Clean Energy Sector

Abu Dhabi clean energy company Masdar has signed an MoU with UK’s GIB.

AFC Elects Sheik Salman President

Sheikh Salman secured 33 of the 46 presidential votes available from AFC member associations in Malaysia.

Boeing Closer To Launching 777X Jet

Emirates airline is among customers clamoring for the cost-saving 777X as early as possible in this decade.

Leading Through The Biggest Change In The Gulf

Are you and your organisation ready for the future business environment?

Saudi Embraces US Oil Boom As Kingdom’s Output Steadies

KSA’s oil minister said it is good news that U.S. crude output has jumped to the highest level in around 20 years.