#Breaking News

Qatar Sells Largest USD Sukuk

The Gulf-state priced five and 10-year tranches at $2 billion each, attracting an order book of over $24 billion.

Qatar Islamic Q2 Net Profit Down

The bank dropped almost 35 million riyals in the second quarter in comparison to the same period last year.

Emaar Launches $500m Sukuk

The Dubai-based developer has selected seven regional and international banks for investor meetings in London.

Kuwait’s ALAFCO In $1.9bn Deal

Farnborough Air Show: Airplane leasing company orders 20 of Boeing’s single-aisle 737 MAX 8s for the Gulf.

Salary Gap Widens In The GCC

Managers in the Gulf are earning seven times as much as their employees as demand for mid-level talent continues.

Tamweel Q2 Profit Down 33%

The Dubai Islamic Bank-owned mortgage lender posted its second straight quarterly profit fall.

BAE Systems Expect UAE Deal

Farnborough Air Show: British defence company plans new $10 billion UAE jet deal with Eurofighters.

Qatar Airways To Sponsor UK Team

Farnborough Air Show: Two Premiership football teams have asked for sponsorship from the Doha carrier.

Qatar Airways Orders New A380s

Farnborough Air Show update: The Doha-based carrier unveils new 787; Boeing and Airbus battle.

Qatari Diar To Develop Oman

Five-star luxury resorts, marinas and a sports academy are planned for Ras Al Hadd following agreement.

UAE-French JV Wins $817m

Abu Dhabi’s National Petroleum Construction Co and French Technip to build offshore oil facilities.

Qatar’s Budget Surplus Triples

Booming revenues from liquefied natural gas will assist the country’s infrastructure revamp.

Banks Quit Dubai Group Talks

RBS, Commerzbank and Standard Bank are all threatening legal action against the Dubai Group.

Gulf Air Weighs On Bahrain Fund

SWF Mumtalakat, which has shares in the airline, made a net loss of $717.68 million last year.

Oman’s Economy Outlook Positive

Gross domestic product figures carry momentum from 2011 despite the potential woes of a global recovery.

Qatar Rental Rates Rise 8%

Latest report from Asteco shows villa rates up four per cent as demand outstrips supply.

Cost Of Food Drops 15%

Government reminds retailers and suppliers not to raise food prices ahead of Ramadan and iftars.

Mursi To Visit Saudi Arabia

Egypt’s new President will make his first official visit to the Kingdom this week to meet King Abdullah.

KSA’s Almarai And Dar Alarkan Up

Saudi Arabia’s dairy producer and property developer both reveal an increase in net profit for the second quarter.

CEOs Optimistic On ME Growth

PwC’s annual survey shows Middle Eastern businesses have continued confidence in the region.

Kuwait’s Exiting PM To Select Cabinet

Analysts expect Kuwait’s ruler to dissolve the parliament in order to allow fresh elections later this year.

Dubai Duty Free Gets $1.75bn Loan

The Dubai airport retailer will use funds from the international credit facility to finance on-going expansion.

KSA Investors Move Quickly

Analysts are not revising share price forecasts following a surge in banking shares after mortgage law approval.

Qatar Banks Should Issue More Bonds

Slowing deposit growth means Qatari banks need other sources to avoid funding issues.

Emirates Islamic Bank Prices Sukuk

The $500 million Sukuk, EIB’s second issue this year, is priced at par and is due to mature in January 2018.

Gulf Deposits In Jersey Hit $33bn

The Gulf States account for 14 per cent of the total deposits in the island, according to official data.

Etihad Q2 Revenue Up 31%

First half revenues for Abu Dhabi’s airline are up 30 per cent as passenger numbers soar to almost five million.

Hilton To Open New Hotels In Egypt

The international hotel operator plans to open one hotel in Cairo and a resort in Alexandria.

UAE Bank Deposits Drop In May

Total deposits in the country decreased by 1.2 per cent during the month to close at Dhs1.1 trillion.

Qatar Plans New Harrods Hotels

Qatar Holding is planning to open Harrods branded hotels in Malaysia, Paris and New York.