McDonald’s UAE To Open 15 New Restaurants In 2014

McDonald’s UAE invested Dhs32 million in 2013, with 11 new stores and five renovations.

Union National Bank Q4 Net Profit More Than Doubles

The lender made a net profit of Dhs306 million in the three months to December 31, up from Dhs136 million in 2012.

Investcorp’s H1 Fiscal Year Net Income Up By 53%

The company recorded a net income of $60.1 million in H1 FY 2014, compared to $39.2 million last year.

Dana Gas Reports Q4 Profit Up 12%

The company collected $134 million in Egypt last year and $69 million from Kurdistan.

Cathay Pacific To Drop Jeddah and Abu Dhabi

While flights to both cities are being axed, Bahrain is to be expanded and double-daily Dubai is unaffected

Dubai Ranks 3rd Among World’s Top 20 Dynamic Cities

The ranking by Jones Lang LaSalle lists cities that have strong socio-economic and commercial real estate momentum.

US President Obama Plans Visit To Saudi Arabia – Report

Obama will hold a summit with Saudi King Abdullah to ease tensions between the two countries, according to a report.

IMF Hikes UAE 2014 Growth Forecast, Warns Against Property Bubble

The UAE is expected to see inflation-adjusted GDP expand 3.9 per cent in 2014 and four per cent in 2013.

Bahrain Aims For New Business With Takaful, Sukuk Rules

The new rules cover the operations and solvency of takaful firms.

Dubai Financial Market Issues Securities Lending Rules

Dubai was one of the best-performing stock markets in the world last year.

Dubai’s Arabtec Wins $5.5bn Contract From Aabar

The contract is one of the largest construction deals awarded to any builder in the UAE since 2008.

McIlroy Retains Dubai Lead, Woods Toils

Scoring on Friday proved tougher for most players as Thursday’s lush greens dried out.

Ruth’s Chris Steakhouse: Business Lunch Review

The Ruth’s Chris business lunch offers three courses at a competitive price, for those willing to stick to a set menu.

Nakheel Executive Appointed As Limitless CEO

Mohammed Rashed Bin Dhabeah will become the CEO of Limitless while retaining his position at Nakheel.

Abu Dhabi Hotels Report Record 2013

Guest intake was close to 8.8 million guest nights, a 26 per cent rise on 2012.

McIlroy Sizzling In Opening Round Of Dubai Desert Classic

The Northern Irishman sinked a quintet of birdies from the 12th to the 18th.

Exclusive: First Hyatt Place In Middle East Opening In Dubai In April

Hyatt will target corporate travellers seeking casual hospitality in a hi-tech environment

Oman Telco Nawras Q4 Profit Falls 3%

The firm, majority-owned by Ooredoo, made a net profit of OMR10 million.

Vodafone Qatar Q3 Net Loss Narrows

The company’s mobile customer base grew 27 per cent to reach 1.27 million mobile customers as of December 31.

Saudi Arabia To Give Egypt Up To $4bn More Aid

GCC states have given Egypt billions of dollars since the army toppled President Mohamed Mursi.

Aster DM Healthcare Group To Open 3 New Hospitals In The UAE

The group is planning to construct two new hospitals in Dubai and one in Sharjah, having a joint bed-capacity of 270.

Oman’s Bank Dhofar Proposes 14% Cash, 11% Bonus Share Dividend

The lender offered a 15 per cent cash dividend plus bonus shares of 10 per cent in 2012.

Etihad Regional Flight Sustains Damage While Landing In Paris

None of the 16 passengers and crew members on board were injured.

GCC Rail Network Could Face Delays – Official

The UAE has plans to invest $25 billion in its railway infrastructure, according to the NTA.

Dubai Mall Welcomes 75m Visitors In 2013, Up 15% From 2012

Emaar’s flagship mall also saw sales increase by 26 per cent last year.

Bahraini Court Shuts Down Shi’ite Clerical Group

The decision comes soon after stalled reconciliation talks between the ruling family and the opposition were revived.

McIlroy Willing To Take Risks To Win $2.5m Prize At Dubai Desert Classic

Organisers of the tournament are offering a $2.5 million prize for a hole-in-one.

Dubai Holding Unit Sells Land To MAF

TECOM Investments sold one million square feet of land at its International Media Production Zone.

Saudi’s Shoura Council Criticises Nitaqat System

Shoura Council members said that the Nitaqat system has been ineffective in creating jobs for Saudis.

Arabtec Expands Into Iraq With Baghdad Office

The Dubai firm has started looking for candidates for senior management posts including for the position of CEO.