#Breaking News

Global Gains Steady Gulf Bourses

As world markets rally to Spain’s bond sale the Gulf region sees shares and oil improve.

DGCX Trading Up 259% In May

Trading volumes at the Dubai Gold and Commodities Exchange amounted to $32.67 billion in May this year.

Flydubai Launches New Destinations

The carrier has announced new services into Eastern Europe as its reach across the region expands.

MEA Wealth Up 4.7% In 2011

New report shows the region has the highest proportion of offshore wealth in the world and many HNWIs.

Saudi Posts 5.9% Q1 GDP Growth

The Kingdom’s GDP growth during the first quarter of 2012 reduced slightly compared to the fourth quarter of last year.

Bank Of Palestine Launches In Dubai

Exclusive: Palestine’s largest bank to launch Dubai office in 2013 to serve 200,000 Palestinians.

Oman LNG Eyes 20% Output Rise

The company currently produces around eight million tonnes of liquefied natural gas a year.

UAE Health Sector In Top 20

The United Arab Emirates has secured a top 20 world spot for spending per capita in the health sector.

Saudi Domestic Tourism To Grow

Official statistics reveal that local tourism in the Kingdom will grow five per cent during summer this year.

Damas Delists From Nasdaq Dubai

Nasdaq Dubai’s future looks bleak as another stock delists ahead of MSCI’s upgrade announcement.

Gulf States’ SWFs To Fund IHH

Abu Dhabi and Kuwait in talks with Malaysian-based health company as potential investors for listing.

Qatar’s RasGas At Full Capacity

The LNG plant is operating at 100 per cent capability after maintenance shutdowns earlier this year.

Qtel Raises Asiacell Stake

Qatar Telecom will pay $1.47 billion to increase its stake in Iraqi operator Asiacell to 60 per cent.

Kuwait’s Global In Bond Delay

The investment house is expected to get a five-month added window to repay bonds of $338.6 million.

Microsoft Warns Of Flame Virus

The American computer giant has warned Middle East PC users of the virus penetrating the region.

MENA English Speakers Earn More

English speakers in the region can earn three times more than those who don’t speak the language, says study.

Etihad Buys Virgin Australia Stake

Abu Dhabi-based Etihad buys a four per cent stake in the Australian airline for an undisclosed price.

Emirates Launches Vietnam Route

Dubai-based Emirates Airline has begun a non-stop daily flight service to Ho Chi Minh City.

Soros: 90 Days To Save Euro

Billionaire investor George Soros warns European authorities to act quickly or risk the Euro collapsing.

UAE Confirmed As IRENA HQ

The country has signed a ‘permanent headquarters’ agreement with the renewable energy agency.

Euro Effect Hits Dubai Bourse

Dubai’s general index drops two per cent to five-month low amid growing fears of the Eurozone and Iran.

DIFC Unit Gets $1.04bn Loan

DIFC Investments has secured a five-year syndicated loan to repay its Sukuk maturing this month.

Saudi Plans SAR1bn Projects

The Kingdom has approved municipal projects worth SAR1 billion to be implemented across the country.

HSBC Gets Nod For Oman Merger

The European lender has received approval to merge its Omani business with Oman International Bank.

Renewable Energy Market Flawed

Expert says GCC governments will not succeed in reaching their goal of a large renewable energy market by 2020.

Etihad Launches Brazil Flight

The Abu Dhabi-based airline announced that it will operate daily flights to Sao Paulo from June next year.

Saudi Unlikely To Cut Oil Supply

Despite oil prices falling below $100 a barrel, Saudi Arabia will not cut supplies anytime soon, say experts.

Abu Dhabi Airport Posts 22% Growth

Over 1.2 million travellers passed through the Abu Dhabi International airport during April 2012.

Mubarak Sentenced To Life

Celebration and anger as the former ruler of Egypt goes to jail for his crimes during the uprising last year.

Emirates Goes iPad HD Ready

Dubai’s national carrier launches new entertainment software across its Boeing 777 fleet of aircraft.