Carrefour Signs Up As First Retailer For Upcoming Legends Mall In Dubailand

The 300,000 sqft mall, located within the Living Legends development, is set for completion by the end of 2016.

Dubai’s Budget Airline Flydubai Begins Chennai Flights

The carrier will operate three flights per week to Chennai.

Bahrain’s BKIC Takes 10.8% Stake In Takaful International

BKIC bought 6.7 million shares of Takaful International valued at $1.52 million from Kuwait’s Osoul Investment Co, a statement said.

Dubai’s DP World To Buy Canada’s Fairview Container Terminal For $457m

The terminal, in Prince Rupert, British Columbia, has a capacity of 850,000 twenty-foot equivalent unit (TEU).

Houthis Say Saudi Arabia Trying To Split Them From Ex-President

The Iran-allied Houthi militia has weathered seven days of Saudi-led air strikes and continued to advance on several fronts, with support from army units loyal to Saleh.

UAE Companies Law Eases Flotations, Seeks More Investment

The law reduces the minimum “free float” of shares in company flotations on the UAE’s two main stock markets to 30 per cent from 55 per cent.

Stock News: Stronger Oil Supports Saudi; Hollywood Deal Lifts Dubai

Brent crude oil futures reversed early losses to rally to $55.50 barrel.

Saudi Ma’aden Restarts Ammonia Plant After Brief Shutdown

There was no impact on production of diammonium phosphate, a fertiliser for which ammonia is a feedstock, Ma’aden said.

Bahrain Begins Issuing Multiple Entry Visas For GCC Residents

The move is expected to increase flexibility among visitors and ease access to the country, officials said.

Dubai Bank CBD To Buy $817m Of UAE Company Loans From RBS

The portfolio of loans was mostly to large United Arab Emirates-based companies.

UAE Plans To Boost Its Gas Import Capacity – Energy Minister

The UAE is building an LNG import facility in Fujairah, known as EmiratesLNG, with a capacity of nine million tonnes a year.

Dubai Ranked Second Globally For Prime Rent Growth In 2014

The emirate recorded rental growth of 8.1 per cent last year, found Knight Frank’s global index.

Viva Kuwait Q4 Profit Up 17% As Revenue Rises Faster Than Costs

Full year revenue rose 31 per cent to KD238.97 million in 2014, while operating costs increased eight per cent to KD126.26 million.

Saudi Arabia’s TAQA Sets Up Firm With Norway’s Archer

The new firm will provide wireline and mechanical intervention services for oil and gas wells.

Qatar Airways Increases Flights To Bali and Jakarta

The airline will begin increased services to Jakarta and Bali from July 5 and July 16 respectively.

Bahrain Launches Wakala Liquidity Tool For Islamic Banks

The one-week wakala contracts will allow the banks to deposit excess funds with the central bank.

Kuwait’s NBK Sets Price Guidance For Capital-Boosting Bond

The lender has set price guidance for the bond, which will boost its Tier 1 — or core — capital, at 5.875 per cent on Wednesday.

Dubai Developer Al Barari Launches Luxury Villa Project, The Nest

The residential project will feature 99 four-bedroom villas priced from Dhs7.7 million onwards.

Bahrain’s Ahli United Bank Appoints New Chairman

Hamad al-Humaidhi has been appointed the new chairman of Ahli United Bank.

Dubai Islamic Bank Makes Offer For Remaining Tamweel Shares

The bank currently holds 86.5 per cent of Tamweel.

UAE’s TAQA Slashes Capex Plans, Dividend, After Big Q4 Loss

The company lost Dhs3.63 billion in the fourth quarter of 2014.

Emirates, Etihad Nearly Collide In Indian Airspace

An onboard warning system in cockpits alerted the pilots of an impending collision, averting a major accident.

HSBC Bank Oman Completes Sale Of India Assets To Doha Bank

Shareholders of Doha Bank, Qatar’s fifth-largest lender by assets, approved the purchase in December 2014.

UAE’s Al Jaber Group Suspends CFO Pending Discplinary Action

Sam Deeb, the group’s CFO, was appointed in January 2014.

Saudi Arabia’s Jeddah Metro Seen Operating By 2020 -Official

The metro would be 149 kilometres long with 20 kilometres of the line laid out underground, an official said.

Rwanda Signs Deal With UAE-Based Company For Water Treatment Plant

Under a public-private partnership arrangement lasting 27 years, water will be taken from the Nyabarongo River and treated for use in the capital Kigali.

Saudi Butanol Co Says Plant To Start Trial Operations In Q3 2015

Testing of the plant’s performance will take between three and six months, the company said.

Saudi Arabia Says No “Automatic” Ground Offensive In Yemen

Six days of air strikes have targeted Houthi-held military hardware but have so far failed to eject the militia from cities it holds.

New Supercar Making Facility in Dubai To Start Production In 2016

W Motors, makers of the Lykan supercar, confirmed that work on the facility was progressing well.

Abu Dhabi’s TDIC Delays Fundraising Plans For Huge Shopping Mall – Sources

The move by the Abu Dhabi state-owned investment fund casts doubt on whether this key part of the emirate’s infrastructure plans will go ahead.