UAE Joins Asian Infrastructure Investment Bank

The UAE follows a number of other Gulf countries such as Saudi Arabia, Kuwait, Oman and Qatar that have flocked to join the new Asian bank.

UAE Space Agency Visits NASA, Seeks US Partnership

The UAE is seeking to send the Arab region’s first unmanned mission to Mars by 2021.

Red Cross Gets Approval From Saudi-Led Coalition For Yemen Aid

The aid agency has been negotiating for nearly a week to deliver life-saving supplies and equipment to Yemen.

Yemen’s Houthis Ready For Talks If Saudi-Led Air Strikes Stop

Warplanes and ships from a Saudi-led coalition have been bombing the Houthi forces for 11 days.

Bomb Kills Policeman In Cairo

The bomb exploded on a bridge leading to the upscale Cairo district of Zamalek on Sunday.

Dubai Developer Damac Considers London Tower Investment

The project in central London comprises 450 residential units as well as Grade A offices and retail space.

UAE Fighter Jets Launch Airstrikes In Yemen Following Death Of Saudi Soldier

UAE fighter jets struck a surface-to-air missile base and a radar site in Marib.

Obama, Calls GCC Leaders, Makes Case For Iran Deal

Obama also invited the Gulf leaders to meet with him at Camp David this spring to discuss the tentative deal.

Arabtec Profit On Egypt Project Won’t Exceed 7.5%

The company agreed terms last week with Egypt for the first phase of a $36.7 billion plan to construct one million homes across the country.

Saudi Ambassador To US Says No ‘Formal’ Ground Troops In Aden

Sending troops in the future remains a possibility, he said.

US Ready To Provide Aerial Refueling To Saudi Arabia

A senior U.S. military official said the US was helping Saudi keep an eye on Houthi forces and monitor the Saudi border with Yemen.

Senegal President Asks Saudi-Based IDB To Help Organise Sukuk Bond

Senegal aims to issue between $500 million and $1 billion in debt on international markets this year.

Saudi-Led Coalition Airdrops Arms To Aden Forces

The light weapons, telecommunications equipment and rocket-propelled grenades were dropped over Tawahi.

Iran, World Powers Reach Initial Deal On Reining In Tehran’s Nuclear Programme

The tentative agreement is contingent on reaching an agreement by June 30.

GCC Rail Project: Less Chug, More Sputter

Uncomfortably close to the 2018 completion date, the GCC rail project is swamped by delays and challenges.

Middle East Funds Moving To Cash As Risks Rise -Survey

It is the first time since the survey was launched in September 2013 that the bears outweigh the bulls for both equities and fixed income simultaneously.

Etihad Purchase Of Darwin Stake Gets Swiss Approval

The Abu Dhabi carrier agreed to buy a 33.3 per cent stake in Lugano, Switzerland-based Darwin at the start of 2014.

Arabtec, Egypt Agree Terms On First Phase Of One Million Homes Project

The first phase will consist of 100,000 units to be built in Egypt’s El Obour and Badr districts.

Saudi Border Guard Killed By Gunfire From Yemen – SPA Agency

Corporal Salman Ali Yahya al-Maliki was killed in the border province of Asir.

Houthis Say Saudi Arabia Trying To Split Them From Ex-President

The Iran-allied Houthi militia has weathered seven days of Saudi-led air strikes and continued to advance on several fronts, with support from army units loyal to Saleh.

Saudi Arabia’s TAQA Sets Up Firm With Norway’s Archer

The new firm will provide wireline and mechanical intervention services for oil and gas wells.

Qatar Airways Increases Flights To Bali and Jakarta

The airline will begin increased services to Jakarta and Bali from July 5 and July 16 respectively.

StanChart Senior CEO Shankar Quits In Latest Management Change

V. Shankar has resigned as CEO of Europe, Middle East, Africa and Americas after 13 years at the bank.

HSBC Bank Oman Completes Sale Of India Assets To Doha Bank

Shareholders of Doha Bank, Qatar’s fifth-largest lender by assets, approved the purchase in December 2014.

Regulators Urge EU Airlines To Avoid Yemen Airspace

The move came as Yemen’s own national carrier, Yemenia, confirmed it was suspending all operations.

Obama Ends Freeze On U.S. Military Aid To Egypt

Obama directed the release of 12 Lockheed Martin F-16 aircraft, 20 Boeing Harpoon missiles, and up to 125 M1A1 Abrams tank kits to Egypt.

Rwanda Signs Deal With UAE-Based Company For Water Treatment Plant

Under a public-private partnership arrangement lasting 27 years, water will be taken from the Nyabarongo River and treated for use in the capital Kigali.

GCC States Move Towards Introducing VAT

A legal team has been assigned to build a framework by May this year for the eventual introduction of VAT in the region.

Fear And Anger In Sanaa Over Saudi-Led Strikes

A local rights organisation said 29 civilians were killed in one strike near the airport on the first day of the offensive.

Iran Says Could Cooperate With Saudi To Solve Yemen Crisis

Iran’s deputy foreign minister Hossein Amir Abdollahian said that Tehran has a proposal to end the conflict in Yemen.