Etihad To Launch Daily Phuket Flights

UAE residents and holidaying Europeans now have improved access to the popular Thai destination

Qatar’s Nakilat Q4 Profit Falls 13%

The company made a fourth-quarter profit of 176.5 million Qatar riyals ($48.5 million), down from 203.3 million riyals a year earlier.

Horse Racing-Godolphin’s Racing Manager Quits For New Role

Simon Crisford will take on a new role as Sheikh Mohammed’s global racing advisor.

Qatar Plans To Invest $45bn In Tourism By 2030

Qatar is planning to increase tourism’s contribution to GDP by 5.1 per cent, up from 2.6 per cent.

Saudi Aujan Coca-Cola Plans $100m Fruit-Juice Factory In Egypt

The plant will be commissioned between 2016 and 2017, a senior official said.

Drake And Scull’s Rail Division Wins Dhs35m Dubai Airport Contract

The firm will provide complete MEP works for the automated passenger mover system (APM), which will connect Concourse 4 of Dubai International Airport to Terminal 1.

UAE’s ADCB Picks Banks For 5-Yr Benchmark Bond

ADCB has chosen Bank of America-Merrill Lynch, Barclays, ING and JP Morgan Chase to arrange the transaction.

Dubai Industrial City Launches Halal Cluster

Spread across nearly six million square feet, the cluster will provide a dedicated area for companies manufacturing halal products.

Saudi Central Bank Expects Further Drop Of Inflation In Q1

Consumer price growth in the world’s top oil exporter has been easing gradually since hitting a peak of 4.0 per cent in April 2013.

DEWA Commissions Dhs118m Substation At DAFZ

The substation, which has a capacity of 150 megavolt ampere (MVA), was built at the cost of Dhs86 million.

Dubai’s Arabtec In Talks To Buy Kuwaiti Firm -Sources

The deal, if completed, would be worth about Dhs2 billion ($545 million).

UAE Food Producer NFPC Signs Dhs1.5bn Deal With Kizad

The deal would see an initial investment of Dhs1.5 billion by NFPC to build a mega-facility that will be spread across eight million sq ft of land in Kizad.

Commercial Bank Of Qatar Signs Upsized $1bn Dual-Tranche Loan

Lenders joining the facility came from the Gulf, the United States, Europe, Asia and Australia.

Saudi Contractor Al Khodari Recommends $0.13 Per Share 2013 Dividend

The contractor reported a 69 per cent decline in fourth-quarter net profit last month.

Different Arab money

Saudi Kingdom Holding To Pay $0.03 Per Share Dividend For Q4

The company posted a 10.3 per cent rise in fourth-quarter profit in January, mainly due to a rise in the value of its investments.

Qatar’s Al Khaliji Lifts Foreign Ownership Cap To 49%, No Bonds In 2014

Only 16.18 per cent of the firm is currently held by non-Qatari investors, according to bourse data.

Emirates To Start Chicago Flights In August

The windy city will shortly will be served by all three Gulf carriers and becomes Emirates’ ninth US gateway

Dubai’s Union Properties To Lift Foreign Ownership Cap To 25%

Foreigners currently own 4.35 per cent of the company, according to bourse data.

Bahrain’s Gulf Finance House Doubles Q4 Profit On Investment Revenue

The investment firm made a net profit of $5.2 million in the three months to December 31.

Bahraini Islamic Bank Al Baraka Q4 Net Income Climbs 23%

The Islamic lender recorded a net attributable profit of $32 million in the three months to December 31, 2013.

Emaar Launches New Luxury Apartment Complex At Dubai Hills Estate

Mulberry at Park Heights comprises of 330 apartments in close proximity to an 18-hole championship golf course.

Kuwait’s Burgan Bank Q4 Net Profit Slumps

The lender made a net profit of $8.9 million in the fourth quarter of 2013.

Nakheel Confirms Repayment Of Dhs2.35bn Bank Debt

The Dubai developer announced earlier this year that it would repay Dhs4 billion of its bank debt in 2014, ahead of maturity in September 2015.

Sheraton Dubai Creek Hotel To Reopen In April After $50m Renovation

The hotel will offer 268 fully refurbished and brand new rooms and suites.

Abu Dhabi’s Al Khalidiyah Mall To Open New Samsung, Victoria’s Secret Stores

Al Khalidiyah Mall has launched a new 3D cinema and a bowling alley in addition to opening new international branded stores.

Almost 40% Of Dubai Firms Plan To Hire In Q1 2014

Dubai’s service and manufacturing firms are the most optimistic about hiring, according to a DED survey.

UAE Has No Plans To Tax Individuals – Finance Minister

The country is mulling the imposition of tax on companies, Sheikh Hamdan cofirmed.

France’s AXA To Take Major Stake In UAE’s Green Crescent Insurance

The sizes of the stake and details of the nature of the alliance have not been disclosed.

Rolling Stones Rock Abu Dhabi In First Middle East Show

The performance marks the start of a tour that moves on to Japan, Macau, Australia and New Zealand.

Venus Williams Claims Dubai Tennis Championship

This is the American’s first singles title since 2012.