With Eye On Investors, Saudi Arabia Plans Training For Judges

Changes to the legal system are seen as crucial for wider social reforms aimed at reconciling Saudi Arabia’s ultra-conservative traditions with the demands of a young population.

Dozens Hurt In Gas Leak At Plant Near Qatari Capital -Sources

The medics said the gas leak casualties were expected to arrive at the Hamad Medical Centre in Doha soon.

Dubai Says Has Learned Lessons From Crisis

Dubai’s Department of Finance said that it has realised the importance of budget discipline and the need to regulate its property market.

Twelve Dead In Qatar Restaurant Gas Explosion

Preliminary investigations suggested that a gas tank exploded, setting off a fire and causing part of the building to collapse, officials said.

Dubai’s Economic Zones World Launches Two Halal Zones

The Halal zones will be situated in Jebel Ali Free Zone Authority (Jafza) and Technopark.

Nakheel Nets Dhs34m In Jumeirah Park Land Auction

The developer auctioned off eight plots, selling each for an average of Dhs4.3 million on Wednesday.

Dubai International Passenger Traffic Up 15.1% In January

Dubai Shopping Festival and the seasonal rush of holidaymakers have been instrumental in boosting passenger traffic.

Qatar Navigation 2013 Dividend Up, Q4 Net Profit Drops 13%

The shipper’s net profit for the final three months of 2013 was 172 million riyals ($47.2 million).

Alitalia CEO Says Etihad Needs 3-4 Weeks For Due Diligence

A tie-up with Etihad could bring Alitalia the resources to invest in a new strategy focused on long-haul routes.

Dubai’s RTA To Open Creek And Al Jadaf Metro Stations

The entire Green Line will be operational with the opening of Al Jadaf and Creek stations, RTA said.

DAFZA Records 42% Revenue Jump In 2013

The 1,600-company freezone now accounts for 8 per cent of Dubai’s trade

Arabtec Denies Plans To Acquire Kuwait’s Kharafi National

Earlier on Wednesday, Arabtec issued another statement saying its board had not taken any decision on the acquisition of another company.

ABB Wins $160m Kuwait Contract

The substations will aid the expansion of oil fields in Kuwait’s northern region and will support the Gulf state’s plans to boost production.

Mesaieed Petchem Shares Soar In Qatar Debut, Far Exceed Estimates

Mesaieed, a unit of state-owned Qatar Petroleum (QP), raised 3.2 billion riyals ($880 million) in an IPO of about 26 per cent of its shares.

UAE’S TAQA Says CEO Carl Sheldon Has Decided To Step Down

Edward LaFehr, who now leads TAQA’s North American operations, will take on all Sheldon’s current responsibilities.

Dubai’s Arabtec Shares Suspended On Regulator Request

No reason was provided for the suspension of trading.

Ghana’s Tema Oil Refinery Close To Deal With PetroSaudi

Ghana is one of Africa’s newest crude exporters after starting production from its offshore Jubilee field in late 2010.

Oman’s Ominvest Won’t Proceed With Oman Arab Bank IPO

Omnivest had previously said that it was looking into the feasibility of the transaction.

Horse Racing-Godolphin Hands Trainers Full Responsibility After Doping Scandal

The operational changes should also help safeguard horse welfare and ensure compliance with all relevant regulations, officials said.

Qatar’s Ooredoo Seeks $1bn Refinancing Loan- Bankers

The company sent out a request for proposals to around 15 banks last week with responses due this week, the bankers said.

Nakheel To Auction Plots In Jumeirah Park

The plots, each measuring 8,820 square feet, will be auctioned off on February 26 in the Nakheel Sales office on Al Sufouh road.

Different Arab money

Islamic Development Bank Aims To Price Benchmark Sukuk On Thursday

The supranational lender set initial guidance at mid-to-high 20s over midswaps, the document said on Tuesday.

Qatar Airways Eyes Deeper Ties With Oneworld Partners

Akbar Al Baker said Qatar Airways was in talks with British Airways, one of the founding members of the oneworld alliance, on a codesharing agreement.

Samsung Galaxy 5 Releases In Dubai On April 11– Eros CEO

Samsung unveiled the Galaxy S5, the latest generation smartphone in its flagship series, during the Mobile World Congress event in Barcelona on Monday.

Glowork And Mihnati.com Partner To Boost Saudi Employment

Strategic partnership aims to support Saudis looking to find work.

Dubai’s MAF Launches Community Mall In Sharjah

My City Centre, Nasseriya in Sharjah, an investment worth Dhs84 million, will cater to smaller residential communities.

Dubai Hotels Record 80% Occupancy In 2013

Dubai’s market rapidly absorbed an influx of new hotels in 2013 whilst maintaining a healthy occupancy rate throughout the year.

Cathay Pacific To Make Doha Debut

Strategic agreement follows Qatar’s entry into the oneworld alliance

Saudi Electricity Proposes 2013 Cash Dividend Of $0.19 Per Share

In January, the monopoly said its annual profit for 2013 rose 19 per cent to 3.04 billion riyals from a year earlier.

Dubai, Abu Dhabi Firms To Hike Housing Allowances In 2014

Around 22 per cent of Abu Dhabi employees and 33 per cent of Dubai employees will see a rise in housing allowances this year.