UAE Federal Cabinet Discusses Education System Overhaul

A number of educational initiatives were announced and endorsed by the Cabinet.

Saudi Group Eyes Stake Sale In Petromin After Partner Buyout

Dabbagh Group is planning to sell a 19 per cent stake in its lubricant business, say sources.

Dubai Expo 2020 Needs $100m Solar Spending

Dubai has set itself a target to generate half the additional power needed to run the Expo from renewable resources.

Dubai Expo 2020: No Major Short-Term Impact On IT Sector

The UAE’s ICT sector could record additional growth of around one to two per cent because of Expo 2020, says IDC.

Kuwait Buys London Mayor’s Headquarters For $2.8bn

When completed formally next month, the sale will be one of the largest UK property deals ever.

Julius Baer Acquires Merrill Wealth Units in U.A.E, Bahrain

The Swiss wealth manager will gain a foothold in Beirut and Manama and strengthen its existing presence in Dubai.

Etihad Lays On First Class To India

New widebody and narrowbody services meet local traffic demand and boost connectivity.

Saudi’s Alkhabeer Buys Majority Stake In UAE Packaging Firm

Jeddah-based Alkhabeer Capital did not disclose financial details of its purchase into Dubai’s Express Group.

Dubai’s Non-Oil Foreign Trade Crosses Dhs1 Trillion In 2013

Dubai’s third quarter imports touched Dhs610 billion and have been instrumental in boosting the emirate’s trade.

Iran, Saudi Strategists Spar, Swap Ideas, Over Gulf Security

A meeting of military officers, diplomats and analysts took place during a security conference in Bahrain last weekend.

Abu Dhabi Targets Lucrative Indian Tourists

India was Abu Dhabi’s largest overseas source market for hotel guests in the first nine months of this year.

Gulf Air Starts Al Maktoum International Flights

DWC greets its first full service carrier as Gulf Air marks its first flight to the new airport

Abu Dhabi Awards Contract For New Road Project

The 62 kilometres-long project is expected to be completed within 30 months and will be built in phases.

Saudi Arabia Nov Output Steady, Pumps 9.745m Bpd

The Kingdom cut production in October after pumping at record rates of around 10 million bpd for three months.

Qatar Must Take Responsibility For Its Workers – Blatter

Blatter condemned Qatar’s working conditions in November, calling them ‘unacceptable’.

Dubai Index Climbs To Five-Year High On Real Estate

The DFM General Index advanced 0.6 per cent to 3,031.80, the highest since November 2008.

Samsung Launches New Galaxy Tablet For Kids

The Galaxy Tab 3 Kids, priced at Dhs899, comes with educational tools and safety features.

Dubai’s Holiday Homes Market To Impact Tourism, Real Estate

Holiday homes market will allow property owners to lease out on a periodic basis while broadening visitor accommodations.

Jumeirah Opening Muscat Resort in 2017

Luxury operator’s first Muscat property will provide resort competition to Shangri-La

Qatar Pushes For Gulf Arab Inclusion In Iran Talks

Qatari foreign minister Khaled al-Attiyah said the GCC deserved a place at the table as essential partners in regional stability.

Dubai’s Arabtec Wins $1bn Hospital Contract

The New Al Ain Hospital will be built by 2018 under a Dhs3.3 billion ($900 million) contract.

DEWA Increases 2014 Budget By $1.8bn

DEWA’s 2014 budget has been set at Dhs20.56 billion compared with 13.835 billion in 2013.

Dubai’s Healing Property Market

The emirate still offers higher rental yields than many global cities.

Australian Boutique Oroton Launches In Dubai

The luxury accessories retailer is selling the concept of ‘affordable luxury’ to Middle East’s shoppers.

UAE’s Khalifa Fund Signs $200m Agreement With Egypt

The agreement aims to develop poor areas in Egypt and maximise job creation among women and youth in the country.

Dubai Stock Market Ends Above 3,000 For First Time In 5 Years

The index climbed 0.9 per cent to 3,013 points, its highest close since October 2008.

Saudi Minister Says 250,000 Saudis Employed After Amnesty

Saudi Arabia has been repatriating illegal expats with the hopes of stemming unemployment among locals.

Al Noor Hospitals Eyes Dubai Acquisitions After Insurance Law

Under the law, Dubai will require its residents and visitors to have compulsory health insurance.

Turkey Says Qatar Interested In Afsin-Elbistan Power Project

The United Arab Emirates dropped out of the coal-fired power plant project earlier this year.

Qantas Issues Profit Warning; To Cut 1,000 Jobs

Surprise announcement shows Qantas continues to wrestle with fuel costs and competition