Houthis Accept Five-Day Truce In Yemen Proposed By Saudi Arabia

A statement issued by the Houthis also asked for a political dialogue under the auspices of the United Nations to resume in order to resolve the conflict.

One Policeman Shot Dead In Saudi Capital

Policeman Maged al-Ghamdy was patrolling the area at 7:30 p.m. local time when he was shot from an unidentified car, the official news agency said.

Obama, Saudi King Salman To Meet At White House Before Summit Next Week

Both leaders will “build on their close consultations on a wide range of regional and bilateral issues,” White House spokesman said.

US, Gulf Allies Seek Agreement On New Security Measures -Kerry

The Obama administration faces a formidable challenge to allay Gulf Arab fears over a nuclear deal with Tehran.

MSCI To Launch Saudi Arabia, GCC Indexes On June 1

So far, MSCI only had provisional indexes covering the $570 billion Saudi stock market, which is set to open to foreign investors in June.

Saudi-Led Strikes In Yemen Break International Law – UN

Scores of civilians were reportedly killed and thousands forced to flee their homes after the coalition declared the entire governorate a military target.

Abu Dhabi’s Property Market: Stable And Slowing

The emirate’s real estate is expected to stabilise this year, but the negative impact of lower oil prices could be felt in the longer term.

Gulf Countries Scramble To Generate More Power As Consumption Surges

The new oil paradigm and what it means for GCC’s power generation sector.

Phone Review: HTC One M9

The M9 is a good-looking phone that can compete with the very best in interface.

Former Emirates Vice Chairman, Sir Maurice Flanagan, Passes Away

A founding member of the Emirates group, Flanagan passed away at his home in the UK.

Low Oil Prices, Weak Euro Impact Middle East Hotel Revenues

The decline in the number of tourists, especially from Russia, has pushed down the revenue per available room across the hotels in the Middle East.

Saudi Arabia To Build Planes With Ukraine’s Antonov

The state-backed King Abdulaziz City for Science and Technology said it had signed an agreement with Antonov to produce the AN-32 aircraft.

EFS Facilities Services Plans Dubai Listing For UAE Unit – CEO

Capital raised from the IPO will be used to expand the company’s waste management and mass accommodation services for workers on construction projects.

Aluminium Bahrain Q1 Net Profit More Than Doubles

The firm said first quarter sales rose 13 per cent year-on-year to BD206.6 million.

Saudi Arabia Considering Five-Day Yemen Truce

US Secretary of State John Kerry, who is visiting Riyadh, welcomed the proposal.

EU Visa Waiver Agreement For Emiratis Takes Effect

Officials from the European Union and the UAE signed the final agreement, validating visa free travel for Emiratis to the EU region.

Dubai World Central Signs Deals For Three New Hotels

The opening of Aloft, Studio M and Millennium will see the addition of around 1,300 new hotel rooms.

Saudi Central Bank Predicts Stable Q2 Inflation

Saudi consumer prices rose two per cent from a year earlier in March.

Saudi Arabia Mulling Land Operations On Yemen Border

US Secretary of State John Kerry began negotiations in Riyadh on Thursday to pause the campaign of airstrikes launched by a Saudi-led coalition on March 26.

United Kingdom Votes In Most Unpredictable Election In Decades

Final opinion polls showed PM David Cameron’s Conservatives and Ed Miliband’s opposition Labour Party almost in a dead heat.

Dubai Among Top 5 ‘Most Improved Cities’ Since 2010 – JLL

The index identifies New York, London, Singapore, Paris and Hong Kong as the top five performing cities globally.

Dubai Falls In Global Luxury Property Price Rankings As Market Cools

Prime house prices in Dubai fell 1.1 per cent year-on-year in Q1 2015 while showing a 1.9 per quarter-on-quarter decline.

Emirates Airline 2014 Net Profit Jumps 40% On Lower Oil Price

The airline’s Chairman and CEO Sheikh Ahmed bin Saeed al-Maktoum said lower oil prices had saved Emirates around Dhs2 billion during the financial year.

Oman’s Bank Sohar Says $104m Rights Issue Oversubscribed

In total, shares worth OMR53.28 million were bid for under the capital increase, which saw 228.8 million new shares sold to investors.

Boeing Poised To Clinch $3bn-Plus Kuwait F/A-18 Order

Kuwait has signed a formal letter stating its firm plans to buy newer-model Boeing jets, sources said.

Kuwait Finance House Says May Sell Malaysia Unit

It did not provide any details such as a timeline or a potential sale price of the unit.

Saudi Market Opening Will Take Time To Boost To Local Managers – Jadwa CEO

Jadwa, Saudi’s largest private investment firm, expects inflows to reach between $40 billion and $50 billion in the medium to long term.

Saudi Regulator Approves IPO Of Aviation Ground Handler

Saudi Ground Services Co, a unit of national carrier Saudi Arabian Airlines, plans to sell 30 per cent of its shares.

UAE’s Tabreed Seeks Shareholder Nod for Dhs1bn Bond Buyback

Tabreed said the bond buyback will be financed through a new loan it secured during a debt refinancing last year.

Houthi Shells Kill Five In Saudi Border Town

One shell landed near security forces patrolling near the prison in Najran, killing an officer, while another killed four Saudi civilians.