Saudi Aramco Reports Small Fire At Gas Plant, No Disruption

The Berri gas plant includes three gas-oil separation plants, five new and 10 upgraded offshore platforms, 35 drilling islands and a 140MW co-generation plant.

Saudi Wheat Imports To Reach 2.7m Tonnes This Year

The Kingdom imported about 2.6 million tonnes of wheat last year.

Dubai Is A Perfect Venue For Global Artists – Rahat Fateh Ali Khan

The popular Pakistani singer launched his new album in the city on Monday.

Bahrain Bourse Sets Margin Trading, Market Maker Rules

The Bahrain bourse also said that it had approved trading of options, exchange-traded funds and real estate investment trusts.

Banque Saudi Fransi To Complete SAR2bn Sukuk By End-June

Order books are scheduled to close at the end of this week, according to sources.

Seven Month Gap Between Business Wants and IT Delivery In UAE

IT decision makers see the gap between needs and delivery having significant consequences for UAE companies, a study has found.

Qatar Central Bank To Issue QAR4bn In Bonds, Extends Maturity

Qatar launched quarterly government bond sales in March 2013 to expand the central bank’s policy arsenal and help banks manage liquidity.

Dubai World Central To Offer New Office Spaces At World Expo 2020 Site

The offices, located at the Business Park Free Zone, will include small, medium and large units.

Hilton To Develop Largest Resort In The Middle East

The 362-key property will be located 97 kilometers from Doha.

Oil Prices At The Right Level For OPEC – UAE

OPEC, which pumps more than a third of the world’s oil, meets on Wednesday in Vienna to decide on output policy.

Saudi Telecom Issues SAR2bn, 10-Year Debut Sukuk

The issue was almost two times oversubscribed.

UAE Government Launches Official YouTube Channel

The channel will serve as an official source of news on the federal government’s activities.

Saudi Arabia Jails 33 For Up To 30 Years On Terrorism Charges

The suspected militants were arrested in Riyadh’s al Nakheel district in 2006.

2022 World Cup: FIFA Chief Blatter Says Criticism Against Qatar Is “Racist”

His comment came in the wake of fresh allegations made by Britain’s Sunday Times newspaper about the award of the Cup to Qatar.

Saudi Govt Seizes Riyadh Land Plot From Saudi Telecom

The 1.05 million square metre plot in Riyadh has a book value of SAR105.3 million.

Dubai Says Property Market Driven By Fundamentals, Not Speculators

The UAE’s central bank warned that the emirate’s property market might be overheating.

Living Legend Villas To Be Handed Over By 2014 Year End

Villas from the Dhs7 billion residential project will be handed over to buyers in December 2014.

Alitalia Needs A Few Weeks To Close Etihad Deal – CEO

Gabriele del Torchio said Etihad was proposing to invest up to 560 million euros in Alitalia.

Accor To Open New Ibis Hotel In Jeddah

The French hospitality group will operate the new ibis Madinah Road in Jeddah Saudi Arabia.

Mobile Firm Viva Kuwait Reports Six-Fold Jump In Full-Year Profit

Viva, which competes with Zain and Ooredoo subsidiary Wataniya, said it had 2.15 million mobile customers in 2013.

Dubai’s Emaar Malls Seen Selling 10-Year Sukuk This Week

The potential benchmark sukuk comes ahead of plans by Emaar Properties to sell a quarter of its unit to the public.

Nakheel Signs On Shangri-La For Luxury Hotel on Palm Jumeirah

Shangri-La will manage the 52-level luxury hotel in Nakheel’s Palm Tower development.

RAKBANK Eyes Benchmark-Sized Debut Bond Issue

The bank has chosen National Bank of Abu Dhabi and Standard Chartered to arrange roadshows in the Middle East, Asia and Europe starting June 11.

Emirates Steel Lowers Cost With $1.3bn Refinancing Deal

The facilities will be used to refinance an existing $1.1 billion facility and purchase assets.

Emirates, Etihad Warn Of Flight Delays On Karachi Route

A terrorist attack killed at least 27 people in Karachi’s Jinnah airport on Sunday.

UAE’s Etisalat Plans $4.22bn Bond Issue In Four Tranches

Etisalat, which last month mandated banks for the bond issue, may also issue a 30-year tranche.

Bank Muscat Considers Sale Of Brokerage Unit

The lender did not give a size or time frame for the potential sale of the unit.

UAE’s Mubadala To Convert Bonds Into 79.4m Tabreed Shares

Mubadala is currently the biggest shareholder in Tabreed with 14.3 per cent.

Up to 75% Of Tickets For Abu Dhabi’s Grand Prix Are “Spoken For”

The event, which takes place from November 20-23 this year, offers 60,000 tickets in total this year.

UAE Central Bank Warns Dubai Property Bubble May Be Forming

House prices in Dubai soared 27.7 per cent from a year ago in January-March.