Dubai’s Limitless Gets 85% Creditor Assent For Debt Extension – Chairman

The firm is seeking a three-month extension to a debt repayment due at the end of 2014.

Dubai’s Nakheel 2014 Net Profit Jumps 43.2% Despite Revenue Slump

The company made a net profit of Dhs3.68 billion ($1 billion) in 2014, up from Dhs2.57 billion in 2013, its chairman said.

Saudi’s Sahara Petrochemical Says Unit Signs $522m Loan Refinancing

The new loan also has more favourable pricing and conditions than the existing deal.

Qatar’s Doha Bank Plans Bond Issues, Tier 1 Capital Instruments

The bank said that it would seek shareholder approval to issue Tier 1 capital instruments worth $549 million.

Qatar’s Doha Bank Recommends 2014 Cash Dividend

The bank declared a cash dividend of QAR4 per share for 2014.

Saudi’s Kindgom Holding Q4 Net Profit Rises 15%

Kingdom made a net profit of SAR266 million ($70.84 million) in the last quarter of 2014.

Saudi Ma’aden Swings To Q4 Net Profit, Misses Estimates

The company reported a net profit of SAR376 million for the last quarter of 2014.

Dubai’s TECOM Investments Signs For Loan Facility Of Up To $1.1bn

The loan is expected to help fund the company’s general corporate needs and growth plans, the company said in a statement.

Doha Bank Q4 Net Profit Rises 6.1%, Misses Forecasts

Net profit for 2014 gained 3.1 per cent year on year to QAR1.35 million.

Aabar Investments Inks Deal With Manchester City Women’s Football Club

As part of the deal, Aabar will sponsor the team’s pre-season training camp and receive a certain portion of match-day advertising.

National Bank Of Kuwait’s Q4 Net Profit Rises 46%, Misses Forecasts

Net profit for 2014 was KD261.8 million, up around 10 per cent from 2013.

Middle East M&A Deals Up 23% In 2014

The region’s deal values were mainly driven by outbound M&A activity, a report says.

UAE Central Bank: Business Credit Demand To Rise This Quarter

Around two-thirds of respondents expect demand for business credit to accelerate in the current quarter, with growth in Dubai likely to be strongest.

Saudi’s Tasnee Q4 Net Profit Drops 46.5% As Petchem Prices Weigh

The company made SAR160.7 million($42.8 million) in the last quarter of 2014.

Around 46% Of UAE Residents Say Living Costs Outpace Salaries

The rising cost of living is among the factors impacting UAE residents’ plan to save for their retirement.

Saudi’s Al Tayyar Travel Q4 Net Profit Up 13.5% On Sales Jump

The company made a net profit of SAR236 million ($62.9 million) in the last quarter of 2014.

Dubai Refiner ENOC Says Seeking $1.5bn Long-Term Loan

The company said that the loan was for general corporate purposes.

Abu Dhabi Developer TDIC Confirms CFO Departure

TDIC’s deputy finance head Matt Matharu is currently serving as acting CFO, a spokesman said.

UAE’s Al Hamra Real Estate Says Increases Loan To $340m

The loan will be used for capital expenditure and general business purposes, Al Hamra said in a statement.

Stock News: Gulf Markets Rise As Oil Gains

Dubai’s index added 1.2 per cent, with Dubai Islamic Bank’s (DIB) 2.8 per cent gain the main support.

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Abu Dhabi’s Al Jaber Says Wins $545m Road-Building Contracts

Abu Dhabi General Services Co awarded the contracts to the company for improvements to two sections of the highway from Mafraq on the outskirts of Abu Dhabi.

Bahrain’s GFH Says No Information To Disclose After Shares Leap

In Dubai on Sunday, the shares soared their 15 per cent daily limit to Dhs0.35 in their heaviest trading since mid-December.

Saudi’s Almarai Cites Sales Growth For 15% Profit Jump

The company made net earnings of SAR428 million in the last quarter of 2014.

Air Arabia May Lease Aircraft After Jordan Expansion – CEO

The airline ordered 44 Airbus A320s in 2007 and 29 of those hade been delivered by November 2014, according to Airbus data.

Qatar Islamic Bank Q4 Net Profit Up 30.4%, Raises Dividend

Net profit for 2014 gained 20 per cent year-on-year to QAR1.6 billion.

Kuwait Likely To Post Deficit Before 2017- Minister

Falling oil prices will slash Kuwait’s public revenues by 60 per cent, the country’s finance minister told the parliament.

Ajman’s R Hotels Gets Dhs204m Funding For Palm Project

The company’s Dhs500 million hotel project on Palm Jumeirah is set to open in Q4 2016.

Mashreq Q4 Net Profit Up 28%, Eyes Citigroup’s Egypt Retail Business

The bank’s profit was boosted by strong performance in operating income.

Emirates NBD Q4 Profit Jumps 82%, Reclassifies Dubai World Loans

The bank said its 2014 balance sheet was strengthened by its reclassification of its exposure to Dubai World, as performing.

SABIC Has No Plan For New Bonds In 2015 But May Refinance Loans

The company is considering refinancing two loans that fall due in June and November, an official said.