Oil Prices Rise Above $50 Ahead Of Expected ECB Move

The ECB’s Executive Board has proposed a programme that would allow it to buy $58 billion of bonds a month starting in March.

Different Arab money

Growth In Gulf Arab Oil States To Slow Moderately This Year

Analysts believe GCC governments will be able to use huge financial reserves to keep state spending high.

Lord Mayor Of London To Visit UAE To Boost Finance Ties

Alderman Alan Yarrow will visit Abu Dhabi and Dubai during his trip next week, part of wider 12-day GCC visit.

Stock News: Mobily Weighs On Saudi; Egypt Extends Gains

Saudi Arabia’s main index was nearly flat while Egypt’s bourse rose 1.2 per cent.

Yemen Leader Ready To Accept Demands Of Houthis After His Guards Defeated

Hadi said the group had a right to serve in posts in all state institutions, and a draft constitution that has been a source of disagreement was open to amendment.

Gulf Arab Ministers Condemn Houthi “Coup” In Yemen

Although the GCC described the Houthis’ actions as terrorism, they stopped short of promising any measure to counter the group in Sanaa.

Oil Export Losses To Reach $300bn In Middle East

Economies such as Qatar, Iraq, Libya and Saudi Arabia will be hit hardest by the more than 50 per cent decline in petroleum prices, the IMF said.

Oman Oil Minister Slams OPEC Policy On Prices, Market Share

The minister said that OPEC’s policy might temporarily force high-cost producers out of the market but they would eventually come back.

Yemen’s Houthi Gunmen Guard President’s Home But Say He Has Not Been Toppled

Houthi leader Abdel-Malek al-Houthi warned President Abd-Rabbu Mansour Hadi that he had to implement a power-sharing deal.

Middle East CEOs’ Confidence Has Dropped In 2015

Business confidence was notably down in oil producing countries across the world due to falling crude prices, the survey said.

Yemen’s Al Qaeda Renews Calls For Lone-Wolf Attacks In West

AQAP claimed responsibility for the attack on Charlie Hebdo satirical newspaper in Paris this month that killed 17 people.

UK Minister Says Deplores Saudi Activist’s Flogging, Plans To Raise Matter

Saudi has come under pressure from Western countries over its punishment of activist and writer Raif Badawi.

Oil Steady At $49 After IMF Cuts Growth Forecast

Global growth is projected at 3.5 per cent for 2015, the IMF said, reducing its forecast by 0.3 percentage points.

Middle East M&A Deals Up 23% In 2014

The region’s deal values were mainly driven by outbound M&A activity, a report says.

Twitter Buys Indian Mobile Marketing Start-Up ZipDial

Bengaluru-based ZipDial gives clients phone numbers for use in marketing campaigns.

Stock News: Gulf Markets Rise As Oil Gains

Dubai’s index added 1.2 per cent, with Dubai Islamic Bank’s (DIB) 2.8 per cent gain the main support.

Iran Minister’s Saudi Visit Delayed Due To Oil Price Fall – Tehran

The two sides have been talking about the visit for about 18 months, and a date had been tentatively set for last October.

Gulf Markets Edge Up After Oil Prices Firm

Dubai’s bourse added 1.6 per cent as most stocks gained.

U.S. Troops For Syria Training Mission Seen Moving To Region Soon

The U.S. military has said it is planning to send more than 400 troops to train Syrian moderates outside the country.

No Oil Price Recovery Yet Despite US Shale Slowdown-IEA

For the whole of 2015, the IEA raised its estimate of the demand for OPEC crude by 300,000 bpd to 29.2 million bpd.

Aviation Pushing Through The Crisis

The global aviation sector’s growth trajectory remains intact despite headwinds.

OPEC+meeting

OPEC To See Market Share Drop Even As Oil Slump Slows Shale Boom

OPEC forecast demand for the group’s oil will drop to 28.78 million barrels per day (bpd) in 2015.

Lactalis Subsidiary Tops Rival Bid For Egypt’s Arab Dairy

The revised bid values Arab Dairy at 363 million Egyptian pounds ($50.5 million) against $49.68 million for the latest Pioneer offer.

MENA To See Solar Projects Worth $2.7bn In 2015

Solar projects having capacity to produce up to 1,800 megawatts of power are to be awarded over the next 12 months in the region.

Anger, Calls For Calm In Middle East Over New Charlie Cartoons

Charlie Hebdo’s “survivor’s edition” swiftly sold out its multi-million copy print run in France.

Oil Price Drop Unexpected, OPEC Was Right Not To Cut – Kuwait

Oil prices have collapsed about 60 per cent in the last six months.

Revealed: Countries With The Most Number Of Public Holidays

India tops the list with 21 holidays; UAE ranks lower with 11 public breaks in a year.

Samsung Talks To BlackBerry About $7.5bn Buyout – Source

The Korean firm is looking to gain access to BlackBerry’s valuable patent portfolio.

Citigroup Loses Appeal Over Abu Dhabi Fund’s Arbitration

Abu Dhabi Investment Authority is pursuing a second arbitration over its $7.5 billion investment in Citigroup in late 2007.

Dana Gas CEO Says Oil Price Collapse Could Delay Egypt Payments

Last September, Dana said it had signed a deal with Egypt that would help it recover most of the money it was owed.