Etihad Launches Mobile Boarding Passes

The mobile passes will be available to travellers on select routes and will help reduce paper wastage, said the Abu Dhabi carrier.

Hilton To Open New Hotel In Saudi Arabia

The hotel, which is situated in the province of Al Qassim, is expected to open by mid-2016.

Dubai Investments Sells Globalpharma Stake To Sanofi-led Group

No purchase price was given by the bourse filing in Dubai.

Dubai’s Luxury Home Prices Fall In H1 2014

The introduction of mortgage caps has been instrumental in dampening the buyer activity this year, research has found.

UAE’s First Gulf Bank Prices Debut 10bn Yen Bond

The five-year bond is part of the lender’s $1 billion Tokyo Pro-Bond Market Programme, it said in a statement.

Dubai Halts Rally As Arabtec Falls Back

Arabtec slips 2.4 per cent and Dubai’s benchmark is up 0.5 per cent, after rising as much as 1.0 per cent early in the session.

Saudi’s SABIC, Mitsubishi Rayon JV Signs Build Contract For $1.2bn Plants

Construction has begun and should be completed in the first quarter of 2017, with commercial operations beginning later in that year, a statement said.

Qatar’s Katara Hospitality Goes On InterCon Buying Spree

Qatar company teams up with IHG for first time and will invest in key European hotels to bring them back to their full glory

Oman Ruler Suspends Decision To Scrap Price Controls After Public Uproar

Under new rules announced last week, retailers and traders no longer needed to ask the government for permission to raise prices.

Egypt-Saudi Company To Invest $245m In Housing Units

Egyptian state news agency MENA said Saudi would inject $124 million dollars into the Saudi Egyptian Construction Company (SECON).

Kerry To Visit Saudi Arabia On Friday To Discuss Iraq and Syria

The U.S. Secretary of State will most likely meet the Saudi monarch in Jeddah.

Oman’s Electricity Holding Co Picks Advisers, Plans $2.1bn Fundraising

The firm plans to raise the amount from a loan or bond issue by the middle of next year.

Saudi’s Yansab Hikes Dividend For H1 2014

The figure is an increase on the SAR1.0 per share which the company paid out for the corresponding period of last year.

Etihad Agrees On Principal Terms To Buy 49% Of Alitalia

The two carriers have been in talks since December, but a deal has so far been elusive.

BlackBerry’s Affordable Z3 Smartphone To Launch In UAE In July

The phone, BlackBerry’s new android app-compatible model, will be priced at Dhs899.

Dubai’s Emirates Airline Suspends Flights To Peshawar

Flights are suspended until further notice and passengers will be rebooked on alternative Emirates flights, the airline said.

Oman Fund Held Talks With Bulgaria About Corpbank Rescue

The central bank seized control of Corpbank, in which Oman fund holds a share, after a run on the lender.

Nakheel Chairman: No Immediate Plans To Restart Palm Jebel Ali

The developer will announce new “big” projects later this year, confirmed Ali Rashid Lootah.

Emirates Global Aluminium Project Clears Guinea Hurdle

The adoption of the amendments clears the path for the project, which was initially delayed due to lack of funds following the financial crisis.

Bahrain Opposition Leader Cleared Of Terrorism Charges

Khalil al-Marzouq, deputy leader of the al-Wefaq party, was charged with inciting terrorism.

Nakheel To Repay $1.5bn Debt By August, Four Years Ahead of Schedule

The repayments will be funded from Nakheel’s own resources rather than support from the Dubai government.

Saudi Zain Signs $1.2bn Supply Deals To Upgrade Network

The deal parties are Huawei, Nokia, NEC Corporation, Cisco Systems and Alcatel Lucent.

GEMS Education Appoints New Group CEO

The appointment comes as the group looks to build six more schools in the region.

Dubai Rebounds As Arabtec Slide Slows

Trading is active, suggesting the market’s tumble this week is viewed by some investors as a buying opportunity.

Different Arab money

Saudi’s Alhokair Completes SAR500m Debut Sukuk Issue

Alhokair did not give the pricing of the sukuk, which was sold in a private placement to investors in Saudi Arabia.

Dubai’s Arabtec Says Restructuring Won’t Hurt Projects

Arabtec’s shares, the most heavily traded in Dubai, plunged 53 per cent this month, dragging down the entire market.

Dubai’s Ruler Approves Expansion Of Jumeirah Beach Hotel

Under the plan, an ultra-luxury 350-room resort will be added to the existing Jumeirah Beach Hotel.

Saudi Bourse Posts 37% Drop In 2013 Profit

It attributed the decline in earnings to lower revenues from reduced average daily trading volumes.

Qatari Owned Peninsula Paris Hotel Set For August Launch

The Peninsula Paris will be Qatari company Katara Hospitality’s 14th operational hotel.

UAE’s Camel Chocolate Brand Al Nassma Partners With Global Duty Free Retailer

The company’s camel milk chocolates will be sold across all major duty free outlets through its listing with Gebr. Heinemann.