Dubai Q1 Property Prices Drop Slightly Q-On-Q, Rents Stay Flat – JLL

Apartment and villa prices in Dubai fell marginally in the first quarter compared to Q4 2014, the report found.

Qatar’s Gulf International Services Q1 Profit Rises 89%

The firm made a profit of 355.7 million riyals in the first quarter of 2015, a statement said.

Qatar’s GIS Says Oil Price Fall Hits Rig Business

The company said that one of its subsidiaries will release a contracted rig in May due to the oil price fall.

Bahrain’s GFH Says To Review London, Kuwait Listings

GFH did not give details of what its review would involve or say when it might be completed.

Qatar Shipper Milaha Eyes Combining Tanker Business With UAE Firm

Milaha said that if the merger is successful, the move would provide better financial returns and strengthen its combined business market position.

Saudi’s PetroRabigh Says Plans $1.9bn Rights Issue

The company said that it will use the money raised to help fund its expansion.

Dubai’s Drake & Scull Wins $91m Hotel Engineering Contract

The hotel is part of a development that also includes two residential buildings, Drake said in a bourse statement.

Saudi Arabia Trims Oil Supply To Some Asian Buyers -Sources

For the past two months, the Kingdom had informed some customers that they would receive full contracted volumes, only to trim supply later.

Bahrain Sovereign Fund Wants To Double Assets Under Management In 7 Years

The fund is seeking targets in Europe and the U.S., and select markets in the Far East, across multiple sectors including logistics and industrials.

Iran Aims To Export Natural Gas To Kuwait, Official Says

Iran gas exports to Kuwait could be operational if a contract is signed, a senior official said.

Dubai Govt Launches Dhs600m SME Fund For Emirati Entrepreneurs

The fund will offer between Dhs50,000 and Dhs5 million to start-ups and existing businesses in Dubai.

Saudi Arabia Dismisses Iran Calls For Yemen Ceasefire

Saudi and its Arab allies began air strikes against Iranian-allied Houthi militia fighters in Yemen more than two weeks ago.

Dubai’s Financial Court System Seeking Ties With China

Discussions had begun with court officials in Shanghai confirmed DIFC Courts’ Registrar Mark Beer.

From Film To Fashion, Dubai Bids To Be Creative Capital For Arab World

The emirate’s new 21 million sqft design district is set to include galleries, studios, workshops, boutique stores and museums, plus office and residential space.

Air Strikes Kill Eight Civilians In Yemen

The air raids were reportedly aimed at a site held by soldiers loyal to former Yemeni President Ali Abdullah Saleh.

Chalhoub Group, Marka And Jumeirah To Open In Dubai Design District

Many global designers including Rami Al Ali, Furne One Amato and Michael Cinco are also establishing their presence in the project.

Rules Needed On Yacht Gimmicks In Dubai Property Market – Alabbar

Mohamed Alabbar said there needed to be additional controls on local property companies when it came to attracting foreign investors.

Saudi Market Regulator Halts PetroRabigh Shares For Disclosure Rule Breach

The suspension would remain in place until the company meets regulatory requirements on disclosure, the CMA said.

UAE Bank NBAD Targets Africa, Asia For Wealth Management Growth

NBAD has been focusing on growing its fee-paying businesses such as wealth management as it aims to offset high levels of competition in traditional banking products.

Super Blue Moon

REVEALED: Clash Of The Big Three: GCC Airlines Vs US Carriers

Gulf Business compares what Emirates, Etihad and Qatar Airways offer versus their counterparts in the US.

Abu Dhabi’s Aldar Starts Construction On Ansam Project In Yas Island

The project is currently the only residential development on Yas Island that is available for sale to expatriates.

UAE Hits Out At Pakistan’s Neutral Stand In Yemen Crisis

UAE Minister Anwar Gargash has criticised Pakistan for not sending military assistance to the Saudi-led coalition fighting Yemen’s Houthi militants.

Saudi King Relieves Health Minister, Second In A Month

Mohammed bin Abdulmalik bin Abdullah Al Al-Sheikh will be acting health minister, state news agency SPA said.

Sheikh Mohammed Approves Plans For Dubai Metro’s Red Line Extension

The project will extend the Red Line to the Expo 2020 site and will add 15 kilometres in length and seven stations.

Houthi Mortar Shell Kills Three Saudi Officers On Yemen Border

The statement was given by Saudi’s defence ministry.

Serbia Gives Go-Ahead To UAE Development Plan For Belgrade

The project includes the construction of 5,700 apartments, 2,200 hotel rooms, offices for 12,700 people, a shopping mall and a 200-metre tower.

Saudi Authorities Catch Police Shooting Suspect

Police found the weapon and car used for the shootings at the home of Rami Abdullah Thulab al-Shammari.

Will Bahrain Emerge Stronger From Cheap Oil Era?

Bahrain is walking a fine line as it tries to balance social spending and a growing fiscal deficit during a period of cheap oil.

Iran Summons Saudi Envoy Over Houthi Remarks

Iran’s Foreign Ministry said the envoy was summoned over the “baseless accusations” by Brigadier-General Ahmed Asseri.

Biggest Gulf Hedge Fund Launch For 5 Years Eyes Ethical Bets

Kothari Investment Partners is looking to appeal to a broader investment base, including ethical investors in Europe.