Warplanes Hit Yemen’s Sanaa Overnight, After Dawn – Residents

Saudi and nine other Sunni Muslim countries commenced air strikes against the Shi’ite Houthi militia on March 26.

Oman’s Bank Dhofar Gains Board Approval For $117m Rights Issue

The rights issue would be in addition to the planned Tier 1 bond of $300 million.

Oman Air Says Orders 20 Boeing 737s; To Double Fleet By 2020

The airline plans to use these aircraft to grow its domestic network, and key regional markets like the Gulf and India.

Yemen Strikes Will Continue Until Hadi Can Rule -Saudi

An official said that strikes had succeeded in stopping the Houthi advance on Aden and in putting pressure on the group across the country.

Kuwait Oil Tanker Shipments Unaffected By Yemen Operations

An official said that tankers were operating in a safe and usual manner through the Bab el-Mandeb strait.

Agility Trims 2014 Dividend Despite 10% Q4 Net Profit Gain

The firm said in a statement on Sunday its net profit in the last quarter of 2014 grew to $45.7 million.

Saudi Arabia Has Not Made Decision On Sending Ground Troops To Yemen

In separate comments, Saudi Arabia said it was committed to completing its air campaign aimed at dislodging Iranian-backed Houthis rebels.

Dubai Property Prices Fell Slightly In Jan, Feb 2015 – Report

Property transactions slowed by 20 per cent year-on-year in January and 17 per cent in February, said the report.

Emirates Amends Cockpit Policy Post Germanwings Crash

The new policy will require two crew members to be present at the cockpit at all times.

Putin Letter To Arab Summit Triggers Strong Saudi Attack

Saudi Foreign Minister Prince Saud al-Faisal has accused Russian President Vladimir Putin of hypocrisy.

Fighting, Airstrikes Throughout Yemen As Dialogue Remains Distant

Saudi-led coalition warplanes struck military targets at airports in the capital Sanaa and in Hodeida, the main Red Sea port.

Saudi-Led Air Strikes On Yemen Kill 35 – Health Ministry

The victims were in the provinces of Sanaa, Saada and Hodeidah, an official in the Houthi-controlled health ministry said.

Qatar’s Bourse Says Plans Rights Issue Trading

The bourse gave no specific timeline for the reform.

UAE’s Islamic Banking Assets To Reach $263bn By 2019

Islamic banking assets in the Emirates crossed $1 billion in 2014, a new report says.

Dubai’s Majid Al Futtaim Rules Out IPO, Plans Egypt, Saudi Expansion

The Dubai-based conglomerate will open its first Magic Planet In Saudi Arabia this year.

Credit Suisse Raises UAE Equities To Overweight From Neutral

The key risks for the UAE stock markets are an escalation of the military conflict in Yemen and renewed weakness in oil prices, Credit Suisse said.

Yemen President Fires Predecessor’s Son, Escalating Power Struggle

Ahmed Ali Saleh, son of former president Ali Abdullah Saleh, was Yemen’s ambassador to the United Arab Emirates.

Rising Costs Facing Mideast Firms In Fight Against Financial Crime

Many companies polled said that compliance costs had surged by more than 50 per cent over the last two years.

Foreign Direct Investment Flows To Dubai Reach Dhs28.6bn In 2014

The emirate’s top source countries for investment were the US, the UK, India, Netherlands, Germany and Italy.

Saudi Kayan Olefins Plant Resumes Production

Saudi Kayan had said earlier that it would shut several units at its petrochemicals complex in Jubail for about five weeks.

Prince Bishop Wins Dubai World Cup

Prince Bishop, trained by Godolphin’s Saeed bin Suroor, completed the 2,000 metre contest in two minutes 03:24 seconds.

Saudi Blogger Badawi Views Survival Of 50 Lashes As Miracle

In his remarks, Badawi recalled how he received the first round of lashes while surrounded by a cheering crowd that chanted “Allahu akbar” (God is greatest).

Saudi Arabia’s Yemen Gamble May Define Its Regional Role For Years

Success would establish Riyadh as de facto leader of the region’s Sunni states it has pulled together in a complex armed operation.

Saudi Arabia Decides To Restore Ambassador To Sweden – Al Arabiya TV

Saudi Arabia withdrew its envoy earlier this month over Swedish criticism of the monarchy’s treatment of women and dissidents.

Saudi Drawing Down FX Reserves To Cover Deficit, Data Suggests

Billions of dollars of Saudi money may be withdrawn from Western banks and financial markets this year as the country copes with a sharp reduction in its revenues.

Kuwait Opens Door For Foreign Operator To Own Part Of Stock Market

Such a move would open the way for an international exchange operator such as Nasdaq OMX or Euronext to take a stake in the stock market.

Aabar Chairman Says UniCredit Bonds Not An Exit From Bank Investment

Aabar chairman Khadem al-Qubaisi said the company may issue similar bonds linked to shares in other investments in future, although it currently had no plans to do so.

Kuwait Reassures Citizens On Strategic Food Stocks

Kuwait relies on imports for the majority of its food needs and depends on the narrow shipping lane of the Strait of Hormuz for imported food supplies.

Yemen War Clouds Raise Dangers For Top Oil Shipping Route

The conflict could potentially damage Bab el-Mandeb passage through which nearly 4 million barrels of oil are shipped daily to Europe, the United States and Asia.

Kuwait Raises Security At Oil Facilities Due To Yemen Strikes – KUNA

These measures include “securing all industrial safety and security requirements and raising the level of security measures of oil installations.