Obama Administration Questions U.S. Airlines On Subsidy Claims -Source

The administration asked U.S. airline representatives about 20 questions in writing last week about their method in determining the subsidy allegations.

Etihad Received Loans And Equity Investment From Shareholder – CEO

Hogan said few young companies have operated as transparently as Etihad, which is little more than a decade old.

Bahrain’s BBK Launches $400m 5-yr Dollar Bond

The transaction will have a spread of 200 basis points over midswaps, a document showed.

Tripoli-Based Trader Offers Libyan Oil To UAE Firm In Fraud Attempt

All oil sales in Libya needed to be routed through a state oil firm based in the east.

Emirates Airline Says Will Rebuff U.S. Allegations, Seeks Apology

Emirates airline’s Tim Clark said that some figures in the report are factually wrong and that the airline will set the record straight.

Kuwait Renews $1bn Jet Fuel, Gasoil Supply Deals With BP

The contracts that cover 2015 will see Kuwaiti jet fuel flow through the BP system to Dubai and several European Airports, KPC said.

Saudi’s Savola Says Has All Approvals For Packaging Unit Sale

Takween in December agreed to buy the packaging unit of Savola, the region’s largest food firm for SAR910 million.

US And Gulf Airlines Set To Clash At Aviation Summit Over Subsidy Row

Three U.S. airlines have accused their GCC competitors of receiving more than $40 billion in government subsidies, a charge which the latter deny.

UAE Chauffeur Car App Careem Acquires Moroccon Start-Up Taxiii

The new service, called Careem Morocco, will begin services on March 26 in Rabat and Casablanca.

Qatar National Bank Says Signs $3bn Three-Year Loan

The facility will be used to fund general operations of the bank.

Egypt, Arabtec To Sign Agreement On $40bn Housing Project Within 10 Days

The two parties differed over the percentage of completed units that Arabtec should deliver to Egypt in lieu of payment for land used in the project.

Abu Dhabi Carrier Etihad Partners With Facebook

The partnership will enable the airline to tailor its services and marketing to specific travellers.

Bahrain’s BBK Tightens Price Thoughts For 5-Year Benchmark Dollar Bond

BBK has returned to the market in its first debt issue since 2010 to refinance an existing $500 million bond maturing in October.

Passenger Rail Not An Immediate Priority For The UAE – Minister

The country is currently focussing on operating rail services for the cargo sector, a senior official has said.

Dubai Needs Cheaper Telecom Rates To Become Global Financial Hub – Expert

Increased competition in the UAE’s telecoms sector will help make services more affordable for new companies.

Saudi’s PetroRabigh Signs $5.2bn Financing For Expansion Scheme

The total cost of the project, known as Rabigh Phase II, is now estimated at SAR30 billion.

Emirate Of Ras al-Khaimah To Meet Investors From Thurs For Sukuk Issue

Investor meetings will start in Singapore on Thursday, before moving to Kuala Lumpur on Friday, the United Arab Emirates on Sunday and London on Monday.

Investcorp Buys U.S. Residential Properties For About $300mn

The deals, made through its U.S. based property arm, bring the fund’s total purchases of properties in the country in the last 12 months to over $850 million, it said in a statement.

Dubai’s Daman Investments Aims To Launch IPO Within Weeks

The company had announced last November that it planned to list on the Dubai Financial Market during the first quarter of 2015.

Kuwait Considering Imposing Corporate Tax -KUNA

As part of economic reforms, the government is working on changing the tax system to diversify sources of state income and increase its non-oil revenues, the state news agency said.

Iran Nuclear Deal May Open Oil Taps In Months, Not Weeks

Oil bears may underestimate the hurdles on the diplomatic path to Iran’s return to world energy markets.

EU Chooses Italian Negotiator As EU Middle East Envoy

The EU has picked Fernando Gentilini, an official who has worked for NATO in Afghanistan, as the new envoy.

OPEC Comes Cleaner On How Much Oil Its Members Pump

OPEC issued a set of production figures as reported to its Vienna Secretariat by member-countries this week, without any countries missing from the total for the first time in months.

Open Skies Pact To Survive Gulf Subsidies Dispute- Boeing Exec

Boeing’s Middle East president Jeff Johnson said that the US stands for free trade.

Kuwait’s Electricity Minister Resigns Following Last Month’s Power Cut

No details were given on the reasons for the resignation, but the government said the emir had expressed understanding for the causes behind his move.

Exclusive: Palm Jebel Ali Will Not Be Cancelled – Nakheel Chairman

The project will be built in the long-term, depending on market conditions, says Ali Rashid Lootah.

Bahrain Seizes Bomb-Making Equipment Aboard Bus From Iraq

Authorities found 140 detonators, 41 electrical circuits, a remote control device and some cellular telephones hidden inside electrical appliances on the bus.

Saudi Arabia’s Index Slumps To Two-Week Low As Oil Extends Drop

Brent crude oil fell to around $54 a barrel on Monday, its lowest for more than a month.

Gulf Arabs Respond With Alarm To Kerry Comment On Assad Talks

The Saudis have in the past said a political transition in Syria cannot begin unless President Bashar al-Assad leaves power.

NBAD To Add Export Financing To Its Egypt Operations – CEO

The lender plans to target affluent and high net worth individuals in Egypt.