One Killed In Attack On KFC Restaurant North Of Cairo

Assailants on a motorcycle threw flammable materials and then opened fire at the restaurant, state news agency MENA said.

Middle East Carriers Record Strongest Air Cargo Growth Globally In 2014

The region saw an 11.3 per cent growth in air freight traffic during the month of December, IATA said.

Jordanian King Vows “Relentless” War On Islamic State’s Own Ground

Jordan hanged two Iraqi jihadists, one a woman, on Wednesday and vowed to intensify military action against ISIL.

Al Jazeera Journalist Greste Arrives Home In Australia

Greste was released on Sunday after 400 days in a Cairo jail and had been in Cyprus since.

Gulf States To Deposit $10bn In Egypt Before Conference

Saudi Arabia, Kuwait and the UAE gave Egypt more than $12 billion in aid after former President Mohamed Mursi was toppled in 2013.

Saudi Prince Alwaleed’s Kingdom Holding Sells 5.6% Stake In News Corp

Kingdom’s stake decreased from approximately 6.6 per cent ownership to roughly one per cent ownership.

Total CEO Expects Oil Price Of $60/Barrel This Year – Report

Patrick Pouyanne said that despite the fall in oil prices, the company would maintain investments in its big projects.

Jordan Executes Two Iraqi Militants In Response To Pilot’s Death

ISIL fighters released a video on Tuesday showing Jordanian pilot Muath al-Kasaesbeh being burnt alive in a cage.

ISIL Shows Burning Of Hostage, Jordan Vows “Earth-Shaking” Response

A Jordanian official said the authorities would swiftly execute several militants in retaliation.

Egypt Could Free Jailed Journalist Fahmy Within Hours – Al Jazeera

Fahmy’s colleague, Peter Greste, an Australian citizen, was released on Sunday.

Chinese Firm OPPO Launches ‘World’s Thinnest Smartphone’ In UAE

The OPPO R5, priced at Dhs1,899, measures 4.85mm and comes with a 13MP camera.

Kalyan Jewellers To Invest Dhs400m In GCC This Year, Open 12 New Stores

The Indian jewellery retailer currently operates nine outlets in the UAE and three in Kuwait.

Al Jazeera Journalist Relieved To Be Free, Calls For Release Of Colleagues

Australian Peter Greste was released on Sunday after 400 days in a Cairo jail while his colleagues still remain in jail.

OPEC+meeting

OPEC Delegates Cautious Over Oil-Price Rebound

Some OPEC members say that prices are likely to remain high in the first half of this year.

Dubai Sugar Refinery Back Shipping To Iraq After Disruption Last Summer

Al Khaleej’s supply to Iraq was affected last summer as conflict in the country escalated with IS overrunning Mosul.

Egypt Court Sentences 183 Muslim Brotherhood Supporters To Death

The men were convicted of playing a role in the killings of 16 policemen in the town of Kardasa in August 2013.

Sun & Sand Sports To Create 500 Jobs Across GCC In 2015

Gulf Marketing Group, the parent firm of Sun & Sand Sports, said that it will create up to 1,000 jobs across its brands in 2015.

Different Arab money

Saudi-Based IDB Extends Islamic Reinsurance For Apache’s Egypt Projects

The deal covers the Overseas Private Investment Corporation for its own insurance policy on the exploration projects of Houston-based Apache Corporation.

Egypt Frees Al Jazeera Journalist Greste, 2 Others Still Held

A security official said another journalist Mohammed Fahmy was expected to be released from Cairo’s Tora prison within days.

Low Oil Prices To Spur More M&As In Oil & Gas Sector

The fall in oil prices and the decision of OPEC to not cut output in 2015 will spur M&As in the oil & gas sector this year.

ISIL Says It Has Beheaded Second Japanese Hostage Goto

In a show of defiance, prime minister Abe vowed to increase Japan’s food, medicine and other humanitarian aid for the Middle East.

I’ll Protect Players And Listen To Fans – FIFA Presidential Candidate Prince Ali

The Jordanian prince also said that he wants to “make FIFA a model of good ethics”.

Misrata Feels Economic Pinch As Libyan Infighting Spreads

Production at the country’s biggest steel works has been cut and the port of Misrata has been forced to restrict operations.

Oil Prices Likely To Recover To $67-72 By End-2015 – UBS

UBS Wealth Management says the short-term outlook for oil remains bleak, but gains are expected in the second half of 2015.

Investcorp Buys Spanish Ceramics Products Firm Fritta

The deal is Investcorp’s second acquisition in Spain after its purchase of ceramics products maker Grupo Esmalglass-Itaca in 2012

Suspected Al Qaeda Gunmen Kill Two Soldiers In Yemen’s Oil Province

Marib has most of Yemen’s oil and gas fields and has long been a battleground between various factions.

Swiss IT Firm Nexthink Gets $14.5m Funding From Qatar’s Al Mannai

The company is looking to expand its presence in Saudi Arabia and the UAE.

Lebanese Carrier MEA Restarts Baghdad Flights After Shooting

Bullets hit a Flydubai plane on Monday evening as it was landing in the Iraqi capital.

Total Wins 10% Stake In Abu Dhabi’s Largest Onshore Oil Fields

ADNOC awarded Total a 10 per cent stake in the main land-based concession for 40 years starting Jan. 1, 2015.

Gulf Countries Pledge Over $39m To Global Vaccine Fund

Saudi Arabia and Qatar were the biggest contributors, committing $25 million and $10 million respectively to Gavi Alliance.