Saudi Aramco chairman says no concrete plan for listing – report

Khalid al-Falih said studies for a potential IPO were ongoing

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Dollar strength could see oil hit $20 – Morgan Stanley

US bank warns of further declines if the currency’s strength continues

Europe looks to ultra rich migrants to help fund crisis

Can wealthy migrants help solve Europe’s refugee crisis?

Powerful Chapala cyclone kills three on Yemeni island

Around 100 people were injured and hundreds of families were forced to leave their homes in the island of Socotra

GE opens new aviation tech centre in Dubai as part of industrial internet push

The new centre began operations three weeks ago and will work on developing localised digital solutions for airlines

UK begins work on first permanent military base in Bahrain

The military base, constructed at a cost of $23m, will be completed next year

Middle East funds turn negative on equities

Low oil prices, instability in the global economy and the prospect of monetary tightening have hurt sentiment

Delta cancels Dubai-Atlanta flights as subsidy row heats up

The cancellation of the service will be effective from February 11, 2016, the airline said

Qatar Investment Authority backs $8.6bn New York development

The Qatari fund has acquired a 44 per cent stake in the Manhattan West project from Brookfield Property Partners

Qatar rules out military intervention in Syria

Qatar has helped in arming, training and giving political support to the rebels throughout most of the four-year-old war

Briton arrested for alcohol in Saudi expected to be released

Karl Andree, 74, faced 350 lashes after being caught for producing and possessing wine

Saudi foreign minister says sees signs Yemen war nearing end

Most of Yemen’s territory that was captured by the Houthi rebels has been recaptured, he said

Michael Dell: ‘I am just on a really big adventure’

Dell CEO says he is ‘tremendously excited’ about pending $67bn acquisition of EMC

Emirates to operate one-off A380 flight to Sao Paulo

The flight will mark Emirates’ eighth year of operations in Brazil

Big quake in Afghanistan and Pakistan kills over 200

The 7.5 magnitude quake was centred 254 km northeast of Kabul in Badakhshan province

Saudi ambassador warns the UK of “repercussions” if mutual respect “breached”

His comments follow Britain’s strong criticism of human rights violations in the kingdom

Omani foreign minister meets Syria’s Assad

Oman sees itself as a conciliator in a volatile region

Dell to partner up with Middle East firms to build cloud services

Texan company to expand workforce and investment across MENA region

Etihad to launch daily A380 services to Melbourne from 2016

Deploying the A380 will increase the total number of two-way seats on the route by 26 per cent to over 11,500 per week

Oman, Japan to form $400m fund to invest in food sector

The fund will facilitate direct investment in GCC states by Japanese food and agribusiness firms

US, Saudi Arabia to bolster support for moderate Syrian opposition

US Secretary of State John Kerry met King Salman and other Saudi officials on Saturday

Up to 78% of Filipinos in the UAE plan Philippines property buy

New survey finds majority of the respondents plan to buy properties within a price ceiling of around Dhs 167,000

Lebanon’s Hezbollah takes aim at Saudi Arabia on Ashura

Hezbollah leader Sayyed Hassan Nasrallah condemned what he called the “US-Saudi aggression” against Yemen

Germany defends export of tanks to Qatar, says arms will not be used in Yemen

The shipment is controversial because Berlin is seeking to de-escalate tensions in the Middle East

Germany approves Etihad-Air Berlin code shares until Jan 15

Etihad owns 29.2 per cent of loss-making Air Berlin, which is currently working on a new restructuring plan

APICORP, QIB sukuk issues show Gulf bond market power shift

Fund managers say there is still substantial latent demand for Gulf debt but investors would no longer accept tight pricings that prevailed just six months ago

Revealed: Worst countries for expats to live and work in

Kuwait was ranked the worst country for expats to live and work in, a new survey showed

Saudi appoints former investment chief as new US ambassador

Prince Abdullah bin Faisal bin Turki Al Saud served as governor of the Saudi Arabian General Investment Authority from 2000-2004

Russia overtakes Saudi Arabia for second time in China crude supply

China bought 983,590 bpd from Russia last month, up 42 per cent year-on-year, while imports from Saudi were down 16.5 per cent at 961,710 bpd

Revealed: Top 10 countries with the most number of millionaires

The United States tops the list while the UAE and Saudi Arabia feature among the top 15