Dubai Government Establishes P&O Ports Subsidiary

P&O Ports has signed MOUs for preliminary discussions with the governments of Madagascar, the Republic of Somaliland and Albania to enhance their port infrastructure.

Dubai World Gets Approval To Restructure $14.6bn Debt Outside Court

The action allows lawyers for the conglomerate to gather the signatures of creditors in support of the deal outside the Dubai World Tribunal.

Qatar To Treat Gulf Investors As Locals, Freeing Up Foreigner Quotas

The decision looks likely to have little immediate impact on investment flows since foreign ownership limits for most stocks are far from being used up.

Saudi’s Dar Al Arkan Says Land Tax Unlikely To Hurt Business

Dar Al Arkan chairman Yousef al-Shelash said that he did not expect the tax to be applied to this land, since the company was in the process of developing it.

Gas Explosion In Saadiyat Injures One Resident

The cause of the explosion is yet to be confirmed, according to the building manager.

Dubai’s Amlak To Seek Shareholder Backing To Lift Six-Year Trading Halt

Trading in Amlak was halted in November 2008 as credit markets dried up and the emirate’s real estate prices began a 50 per cent tumble from their peak.

Saudi Arabia Building Up Military Near Yemen Border – U.S. Officials

The armor and artillery being moved by Saudi Arabia could be used for offensive or defensive purposes, two U.S. government sources said.

Egyptian Court Adjourns Trial Of Al Jazeera Journalists To April 22

The pair are charged with aiding a terrorist organisation, a reference to the Muslim Brotherhood.

Saudi Arabia To Build ‘Women-Only’ Industrial City In Jeddah

The city, designed to increase female employment opportunities in the Kingdom, will span five million square metres.

Emirates Airline Sets Final Guidance For UK-Guaranteed Sukuk

The deal has garnered more than $3 billion in orders, a document showed.

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Global Demand To Help Oil Prices Despite U.S. Glut- Senior Gulf OPEC Delegate

The comments appear to counter some market forecasts that the U.S. oil glut may push prices to as low as $20-$30.

Oil To Reach $100 A Barrel By End Of 2016 -Pickens

Pickens revised his previous forecast which said oil prices would reach the $100 level as early as this year.

National Bank Of Kuwait To Meet Investors For Potential Tier 1 Bond

The bank has mandated HSBC and Standard Chartered as joint global coordinators for the Tier 1 bond.

Saudi Ma’aden Says Shut Down Ammonia Plant

The plant, located in the Ma’aden complex at Ras Al Khair city, was shut down on March 23 “for a period of around 10 days”, the company said.

Emirates Announces Daily Service To Orlando As Subsidy Debate Rages

The non-stop flights are scheduled to begin from September 1, 2015.

Yemen Asks UN To Back Military Action By ‘Willing Countries’

Hadi wants the council to adopt a resolution to authorise “willing countries that wish to help Yemen to provide immediate support for the legitimate authority.”

Aabar Investment Sets Exchange Price Of UniCredit Shares At 8.8642 Euros

The company said earlier that it had successfully placed 2 billion euros ($2.18 billion) of unsecured exchangeable bonds over shares of UniCredit.

Five Minutes With.. Hussein Oteifa, General Manager, SES Middle East

Hussein Oteifa, GM at satellite provider SES Middle East, explains how data connectivity is important for economic growth.

Al Jazeera Sports Arm In Talks For Turkey’s Digiturk – Sources

BeIN Media Group is yet to finalise the acquisition of the satellite network.

French Builder Vinci To Sue Over Claims Of Forced Labour In Qatar

The statement comes as human rights group Sherpa filed a complaint against the company violated the rights of workers in its Qatar projects.

Hadi Forces Check Houthi Push Towards Yemen’s Aden

Hadi’s forces have stationed tanks and artillery on a number of roads linking north and south Yemen.

UAE Central Bank Expands Islamic Banks’ Access To Its Funds

Islamic banks will be allowed to use sharia-compliant securities other than central bank-issued Islamic certificates of deposit to borrow overnight from the central bank.

Germanwings Airbus Crashes In France, 148 Feared Dead

The plane issued a distress call about 52 minutes after take-off, France’s president Francois Hollande said.

Al Etihad Credit Bureau Begins Issuing Company Reports

Reports will include details of credit facilities that are being used, total amount of credit taken and a firm’s track record of repayment.

Saudi To Reward Inspectors For Uncovering Labour Law Violations

The Kingdom has priortised job creation among its local population to drive economic growth and improve economic diversification.

Yemen Rivals To Hold Talks In Doha -Source

U.N. Yemen envoy Jamal Benomar said the discussions would be held in Qatar and that any subsequent agreement reached would be signed in Saudi Arabia.

Saudi Real Estate Shares Tumble On Decision To Tax Undeveloped Land

The cabinet’s decision aims to push out more land out into the market where it can be developed.

Aabar To Raise Up To 2bn Euros Via UniCredit Exchangeable Bonds

Aabar said it would sell two tranches of bonds worth 750 million euros each, with an option to increase that amount by a further 250 million per tranche.

Kuwaiti Opposition Protests Turn Violent

Police used batons to halt the progress of protestors marching towards the Kuwaiti parliament on Monday.

UAE’s Shah Gas Project Seen Achieving Full Capacity In Q2

Al Hosn Gas is the Shah gas development joint venture by the Abu Dhabi National Oil Company (Adnoc) and U.S.-based Occidental Petroleum.