Bahrain Says No Plans To Return Ambassador To Qatar Soon

Saudi Arabia, Bahrain and the UAE recalled their ambassadors from Doha in March.

Stock News: Qatar Rallies Ahead Of MSCI Upgrade

Doha’s index has risen 26.5 per cent so far this year.

Etihad Launches Freighter Operations To Uganda’s Entebbe

The service is expected to carry large quantities of electronics and textiles to the Ugandan city.

Saudi Savola Sells Kazakhstan Edible Oil Unit For $28.5m

Savola said it has made a capital gain of SAR17 million from the sale.

Etisalat Scraps Buyout Offer To Maroc Telecom Minority Shareholders

Etisalat paid 4.14 billion euros ($5.7 billion) for Paris-listed Vivendi’s stake in Maroc Telecom.

UAE Businessman BR Shetty Buys Forex Firm Travelex

Dr. Shetty is the owner of money transfer service UAE Exchange, which has over six million customers in 30 countries.

UAE To Continue Political, Economic Support To Egypt After Poll

The UAE has welcomed Sisi’s rise and the army’s crackdown on the Muslim Brotherhood.

Bahraini Rights Activist Free After Two Years In Jail

Nabeel Rajab, founder of the Bahrain Centre for Human Rights, was found guilty of organising and participating in illegal protests.

Qatar Fund Commits $2bn Investment To Russia

The amount will be allocated via joint investments with state-backed private equity fund the Russian Direct Investment Fund.

UAE Banks Tap Australian Debt Opportunities

National Bank of Abu Dhabi, First Gulf Bank, Emirates NBD and Abu Dhabi Commercial Bank have issued kangaroo bonds this year.

UAE Woos Global Investors Seeking More FDI

As global foreign direct investments grow, the UAE is hoping to grab a significant portion.

Etihad Contests Australian Report, Says It Gets Loans, Not Subsidies

Abu Dhabi-based carrier responds to claims made in Australian paper.

Sharjah Residential Rents Increase

The emirate saw a 4.5 per cent rise in prices during the first quarter of 2014.

UAE Calls For Greater Coordination In GCC Economic Integration Plans

The comments were made at the 24th meeting of the GCC Ministerial Committee for Planning and Development in Kuwait.

RAK Mall Launches UAE’s First In-Store Go-Karting Facility

The 10,000 sq ft drift go-karting circuit will be operated by Italian engineering company Augusta Re Consulting.

Qatar’s Ooredoo Signs $1bn Loan Deal To Repay Existing Debt

Ooredoo will use the new facility to repay a $750 million loan due in May 2015.

Saudi Arabian Interests Buy About 600,000 T Feed Barley

It was priced between $250 and $255 a tonne, traders said.

Documents Reveal Etihad Received Royal Funding – Australian Daily

The loan for the state carrier required no repayments until 2027, reported the Australian Financial Review.

Saudi’s Dar Al Arkan Raises $400m From Sukuk Issue

The developer attracted a final order book of more than $1 billion for its five year sukuk.

Jumeirah To Enter Mauritius

New resort will open in 2018 and complements its two properties in the Maldives

Qatar Falls, UAE Maintains Position In World Competitiveness Yearbook

Qatar dropped to 19th while the UAE maintained its 8th place in the IMD ranking.

Investors Will Bear Brunt If Dubai’s Property Market Crashes – Analyst

New report finds banks and property developers in the UAE are more conservative and better prepared this time round.

Bahraini Teenager Dies After Clashes With Police – Activists

The Gulf state has suffered low-level civil unrest since mass protests in 2011.

Qatar’s Doha Bank Plans Capital Raising In 2015

Doha Bank’s asset expansion was more than 20 per cent last year and will continue to grow, its CEO said.

Abu Dhabi Approves 13 Development Projects In Q1 2014

Residential space accounted for 70 per cent of the total area of approved projects.

LuLu International Invests Dhs55m To Launch Galito’s Restaurant Chain in UAE

The franchise agreement includes plans to setup 15 restaurants in the UAE over the next four years.

Dubai Index In Biggest Gain In 8 Months, Property Leads Rebound

The measure is now up 43.9 per cent this year and has tripled since the start of 2013.

Abu Dhabi Confirmed As First Location for Star Wars: Episode VII

The seventh installment of the popular movie series is due to premiere in December 2015.

Kuwait’s Al Mazaya Restructures Debt Into KD12m Islamic Facility

The restructuring will allow the real estate developer to reduce its short-term loans by 39 per cent.

Qatar’s CBQ, Doha Bank May Raise New Capital In 2015

The lenders may need to increase their capital next year by $412 million each to abide by expected central bank regulations.