ISIL’s Saudi branch calls for clearing Arabian Peninsula of Shi’ites

ISIL claimed two suicide bombings carried out on May 22 and May 29 on Shi’ite mosques in eastern Saudi Arabia.

Oman to build refinery, petchem plant in Indonesia, Jakarta says

The refinery would be built in Indonesia’s Riau province, with the oil products being purchased by state-owned Pertamina.

Dr. Nasser Saidi: The long march forward for Saudi’s market

Opening Saudi Arabia’s Tadawul should just be the beginning, writes the founder and president of Nasser Saidi & Associates.

Saudi central bank net foreign assets drop 1.7% on month in April

Assets dropped 6.8 per cent from a year earlier to their lowest level since May 2013, central bank data showed.

Exclusive Interview: Vodafone CEO Kyle Whitehill on telco’s ambitions

Vodafone Qatar CEO Kyle Whitehill reveals his struggle to bring competition to the Qatari telecom market and what really happened with the QNBN deal.

Saudi Arabia rewrites its oil game with refining might

The Kingdom now has stakes in more than five million barrels per day of refining capacity, at home and abroad.

Saudi Aramco may raise rigs in 2016 if oil prices rise -sources

The company has 212 rigs of both types in operation and that could rise to between 220 and 250 if conditions permit, sources familiar with the plans said.

Emirates to launch daily service to Bologna in Italy

The service is scheduled to begin on November 3, 2015 and will increase Emirates’ weekly flights serving Italy to 56.

UAE’s Rakbank buys 79.23% of RAK National Insurance in tender offer

The lender acquired 87.15 million shares at a total value of Dhs317.2 million ($86.37 million), it said in a bourse filing on Thursday.

Saudi Arabia’s Kingdom Holding has no plans to invest in Snapchat -source

Kingdom took part in talks over a potential investment in Snapchat but decided not to invest in the application, a source said.

Phase 1 of Meydan Sobha’s District One project on track for 2016 completion

The developer said it has recorded strong investor interest in the project and has sold out all villas in the first phase.

UAE bank ADIB eyes capital-boosting measures to back growth

The bank will convene shareholders soon to vote on a rights issue worth Dhs504 million and raise its sukuk limit to $3 billion from the existing $2 billion ceiling.

Nakheel to launch retail space for lease at Ibn Battuta Mall extension

The developer will launch 766,000 sq ft of additional shop and restaurant space for lease at the mall on June 1.

Etihad posts 52.1% rise in 2014 net profit on strong passenger growth

The airline carried 14.8 million passengers in 2014, an increase of 22.3 per cent year-on-year.

Qatar’s UDC to focus on finishing 60-tower Pearl development

About 90 per cent of the available properties on the Pearl have been bought or leased.

Saudi designates two senior Hezbollah officials as terrorists

Khalil Youssef Harb and Mohammed Qabalan have been banned from any dealings with Saudis.

Oman to deport over 1,000 foreign workers at airport project

The labourers reportedly did not have the necessary work permits for the construction sector.

Etihad to support 23,400 jobs, add $2.9bn to US economy in 2015 – study

By 2020, the airline will have committed $41 billion to the US’ GDP, an Etihad-commissioned study by Oxford found.

Chevron says output from Saudi-Kuwait joint Wafra oilfield to remain shut

The oilfield will not be reopened until difficulties to operate there are resolved, the US firm said.

Air strikes kill at least 80 in deadliest bombings of Yemen war

Arab warplanes and ships also hammered Yemen’s largest military port in the Red Sea city of Hodeida at dawn on Wednesday.

Stock News: Qatar drops on FIFA World Cup probe, arrests

The Doha index dropped 2.3 per cent to a one-month low of 12,123 points in a broad sell-off.

Qatar remains 2022 World Cup host even as Swiss investigate FIFA officials

Several high-ranking soccer officials, including two vice-presidents of FIFA, were arrested by Swiss police on Wednesday.

Abu Dhabi fund ADIA names Pandtle head of US internal equities

Pandtle, who previously worked at Eagle Asset Management, will oversee the management of US-focused equity portfolios run by the fund.

New Bollywood movie ‘Dishoom’ to film in Abu Dhabi

The movie, starring John Abraham and Varun Dhawan, is scheduled to film in the emirate in late 2015.

Bahrain sovereign fund Mumtalakat 2014 net profit up 10.8%

The fund holds stakes in Bahraini companies including Aluminium Bahrain (Alba), Gulf Air and Batelco.

If you want Qatar state contracts, give us flight slots, says airline CEO

Akbar Al Baker’s remarks come after the Dutch government said it will temporarily stop granting new slots at Schiphol to Gulf airlines.

Nakheel says work on The Pointe mall at Palm Jumeirah 30% complete

The developer says Dhs800 million mall on track for opening in 2016.

Iran, Oman discuss Yemen war, settle maritime borders

Foreign ministers from both the countries discussed implementing a ceasefire in Yemen.

Dubai’s Marka acquires stake in UK-based e-commerce site Icons

The company purchased a 65 per cent stake in sports merchandise retailer Icons for a value of Dhs15.3 million.

Dubai Aerospace sells US aircraft maintenance firm StandardAero

The terms of the transaction were not disclosed but earlier reports hinted that the sale was worth at least $1.8 billion.