Prince Alwaleed Backs Fines For Expat Firms

The new policy means companies will be fined if less than 50 per cent of their workforce is made up of Saudi nationals.

UAE Submits Official Bid To Host World Expo 2020

Dubai is competing against four other cities to host the major world event.

TAQA, GIB To Price Bonds In Late-Year Gulf Flurry

Abu Dhabi National Energy Co (TAQA) has $1.75 billion in bond maturities next year.

Qatar Reduces NYSE’s Stake In Local Bourse

Qatar Holding now owns 88 per cent of the bourse, with NYSE Euronext holding the remaining 12 per cent.

UAE Authorities To Help Clear Emiratis Debts

New scheme means loan repayments by citizens will not exceed 50 per cent of their monthly salaries.

Kingdom Holding To Sell NY Plaza For $32.9m Profit

Sahara India Pariwar completed its purchase of a 75 per cent stake in the Plaza for $575 million.

Goldman Hires Barclays Banker For Saudi Business

The Saudi national will take up the role of co-chief exectuive and head of investment.

Qatar Airways Upgrades Airbus A350 Order

Qatar Airways is the launch customer for the future A350.

Kuwait’s Government Resigns For New Cabinet

Emir Sheikh Sabah al-Ahmad al-Sabah said the new parliament would convene on December 16.

Saudi To Invest Over $133bn In Power Investment

Power consumption rose by nine per cent in the first half of 2012.

Top 10 Expensive Homes In The UAE

The most highly priced properties for sale on UAE’s market.

Saudi F-15 Jet Crashes On Training Mission, Pilot Missing

The defense ministry said the jet went down in Saudi waters and that authorities were investigating the cause of the crash.

Samoa Win The Emirates Airline Dubai Rugby Sevens

The Pacific Islanders win their first stage event on the World Series.

Pictures: UAE National Day Celebrations In Dubai

A gallery showcasing the celebrations of the 41st UAE National Day in Dubai on December 2, 2012.

Batelco To Buy $1bn Of CWC Assets

The deal includes assets in Monaco, Maldives, the Seychelles and Channel Islands.

Kuwait Telco Zain Appoints Ex-Wataniya Chief As CEO

Scott Gegenheimer resigned from telecom operator Wataniya six months ago.

Saudi’s Maaden Signs $260m Deals With US Firms

The contracts will develop an industrial city in the north of KSA as it looks to develop its mining industry.

Five Companies Bid For New SABIC Plastic Plant

The plant is expected to require an investment of nearly $400 million.

Kim Kardashian Brings Out Fans, Islamists And Police In Bahrain

The US TV celebrity was in the Gulf state to launch a milkshake franchise.

Saudi Mobily In 10% Bonus Share Issue

Each shareholder will receive one new bonus share for every 10 held.

Merck Serono To Produce Medicines In UAE

The German pharmaceutical firm will produce two products in Abu Dhabi.

Qatar To Invest $20bn In Solar Energy Plant

The gas-rich state has so far disappointed environmentalists by failing to reduce emissions.

Qatar’s Window Of Opportunity

Qatar’s billion-dollar infrastructure programme is set to provide investors with unprecedented options — eventually.

Bahrain’s Gulf Air CEO Resigns

Samer Majali will remain in his job until the end of 2012; no reasons have been given.

Qatar Holding And CDD To Invest In French SMEs

The two have signed a MOU that will pool $389 million of investment capital.

Kuwait Elects New Parliament In Low Turnout

Only 39 per cent of eligible voters cast ballots as several newcomers join parliament.

Qatar Permits Rare Protest For Workers’ Rights

Around 300 activists marched in Doha calling for climate change action.

Abu Dhabi’s TAQA Buys Iraqi Kurdish Oil Block

TAQA has purchased 53.2 per cent from General Exploration Partners.

Qatar To Start Embracing Solar Power

The tiny Gulf state will use solar power for 16 per cent of its electrical output by 2018.

Revealed: Top 10 UAE Bank Profits In Q3 2012

Gulf Business brings you the top 10 banks in the UAE with the heftiest third quarter profits this year.