#Breaking News

Ben Ali Gets 20-Year Jail Term

Tunisia’s ousted president has been sentenced to jail in absentia for inciting violence and murder.

Dubai Retailers In Chinese Push

Luxury retailers in the emirate are hiring Cantonese and Mandarin speaking staff to cater to Chinese visitors.

Emirates To Repay $550m Bond

Dubai’s flagship airline will not refinance the sukuk and is expecting to repay the amount in full.

JAFZA Prices $650m Sukuk

The seven-year Islamic bond was launched at a profit rate of seven per cent, arranging banks said.

Emirates On Recruitment Drive

Flagship airline group seeks to recruit more nationals and promote Emiratis into management roles.

Saudi Eyes Joint Grid With Turkey

The Kingdom’s cabinet has approved authorities to hold discussions with Turkey for a joint electricity grid.

Kuwait’s Index At Four Month Low

Political uncertainty has resulted in economic uncertainty for the country as markets drop.

Vote On Bahrain’s Triple Bank Merger

Capivest, Elaf Bank and Capital Management House are in talks to form one new bank with larger assets.

Kuwait’s Social Minister Quits

Ahmed al-Rujaib steps down from social affairs and labour post just one month after finance minister left.

New UAE Stock Ownership Rules

The market regulator has implemented new rules on stock ownership in a bid for greater transparency.

MENA Stocks Could Double By 2014

Arqaam Capital says that the regional corporate bond market will also grow substantially by 2014.

Mubarak’s Health “Very Critical”

Former Egyptian president Hosni Mubarak is in a critical condition and needs urgent care, his lawyer has said.

Brent Prices Drop Below $97

Concerns about the Eurozone debt crisis pushed crude oil prices towards its lowest so far this year on Tuesday.

ME Airlines To Post $400m Profit

Regional airlines are expected to see profits drop in 2012 because of the Eurozone crisis, says IATA.

UAE Banks May Exclude Bonds

The central bank has said it may allow banks to ignore lending limits when dealing with state-linked entities.

Kingdom Holding Picks Banks

Saudi Prince Alwaleed’s Kingdom Holding has reportedly chosen two banks to manage its debut bond.

Dubai Safest City For Business

The UAE city has ranked as the safest place in the Middle East to do business, and 29th in the world.

Du Offers Fastest UAE Service

The mobile operator plans to launch a 4G broadband service, four times faster than it’s current speed.

Dubai Properties Gets New Board

Dubai Properties Group’s new board will set up its long-term business strategy and oversee implementation.

Oil Prices Reach Above $102

The $125 billion aid package received by Spain to boost its banks has revived oil demand hopes.

IMF: UAE At Risk From Euro

The International Monetary Fund has warned of the repercussions the Euro crisis could have on the Gulf.

Friendi Secures Virgin Deal

The Dubai-based operator has agreed a partnership with Richard Branson’s Virgin Group, extending into South Africa.

Dana Gas Re-Shuffles Board

The UAE energy firm has announced a new chairman as it looks to repay a $920 million sukuk.

Eurozone Deal Boosts Gulf Markets

The decision to lend Spain $125 billion should boost GCC markets at the start of the week, says Mashreq.

Spain Receives 100bn Boost

Eurozone ministers have agreed to lend the amount to help Spain revive its struggling banks.

India’s SpiceJet Starts Dubai Route

The Indian budget carrier will have direct daily services connecting Delhi and Mumbai to Dubai.

Tanzania Eyes UAE Investors

The African country has invited the UAE to invest in industries relating to oil and gas exploration.

Etihad Welcomes Boeing Dreamliner

Abu Dhabi’s flag carrier has finally laid eyes on the Boeing 787 after ordering 41 of the aircraft for its future.

Qatar Budget Surplus Hits $1.4bn

Qatar posted a surplus of QAR5.1 billion in the third quarter of its 2011/12 fiscal year.

UN Issues Eco-Warning

Over-consumption and globalisation are leading to unprecedented levels of eco-damage, says the UNEP.