Gulf Arab Allies Pledge $12bn To Egypt At Summit

Kuwait, Saudi Arabia and United Arab Emirates each offered $4 billion to Egypt.

EU To Address Competition Concerns In Gulf Aviation Agreement

France and Germany have urged a Commission to look at an aviation agreement with Gulf carriers over subsidy concerns.

ADNOC Sells Naphtha From Expanded Ruwais Refinery Below Market Price

This was ADNOC’s first naphtha spot sale after the expansion of its Ruwais refinery, where capacity has been more than doubled.

Saudi Kayan Petrochemical Extends Olefins Unit Shutdown

In a bourse filing, the company said repairing the fault was expected to be completed within 10 days.

U.S. Warns Of Possible Attacks On Western Oil Workers In Saudi Arabia

The message from the US did not identify the militants or the group they belong to.

Saudi Aramco Nears $10 bn Loan Deal At Tight Pricing – Sources

The cash replaces an existing $4 billion five-year loan due to mature later this year which Aramco uses as a back-up facility.

Qatar National Bank Closes Syndication Of $3bn Loan

The deal is QNB’s biggest syndicated loan to date and proceeds will be used for general corporate purposes.

Goaded By Governments, Gulf Firms Prepare For Egypt Push

The international investment summit in Egypt is expected to see domestic and foreign investments worth up to $12 billion.

Review: BlackBerry Classic

The aptly named Classic is the latest device out of the struggling phone maker’s stables, but one that really harks back to the good times.

Ras Al Khaimah Picks Banks For April Sukuk Sale – Sources

A deal from the emirate is expected before the end of April, three sources told Reuters earlier this month.

Saudi Twitter Whistleblower Returns After Account Suspension

The mysterious twitter user, who uses the handle @Mujtahidd, said he wants to expose corruption, injustice and hypocrisy.

Mubadala GE Capital Plans Benchmark-Size Bond In April- Sources

The bond will be Mubadala GE Capital’s first since it completed a debut transaction in November worth $500 million.

Yemen’s Houthis In Military Exercises Near Saudi Border-Tribal Sources

The drill in al-Buqa area, which lies in the Houthis’ home province of Saada, involves using different kinds of weaponry, the sources said.

Emirates Picks Banks To Arrange Possible U.K.-Guaranteed Sukuk

The Islamic bond will be of benchmark size, which is traditionally understood to mean upwards of $500 million.

Dubai’s Arqaam Capital Picks Rothschild As Float Adviser – Sources

The flotation is expected to happen in the second half of the year on one of Dubai’s two stock markets.

UAE Suspended Over Horse Welfare Issues

Under the ban UAE riders will not be allowed to compete for their country in any international events.

Dubai Lynx 2015 Awards Revealed, Leo Burnett Beirut Wins Agency Of The Year

Starcom MediaVest Group Dubai won Media Agency of the Year.

Oman Air Flight Tyres Burst Upon Landing In Delhi

No injuries were reported as a result of the accident, the airline said in a statement.

Pakistan Seizes Qatari Prince’s Prized Falcons For Illegal Hunting

The confiscated falcons – which can be worth upwards of $250,000 each – were released into the wild this week.

Saudi Arabia Recalls Ambassador From Sweden In Diplomatic Row

Saudi Arabia said that the move was prompted by remarks by Swedish Foreign Minister Margot Wallstrom about the Kingdom’s regard for human rights.

Dubai Airports To See 200m Passengers By 2030

The two airports in the city will see around 126 million passengers by 2020, Dubai Airports CEO Paul Griffiths said.

Abu Dhabi Halts Sale Of Commercial Drones

The move aims to reduce the improper use of drones in the country until adequate regulations are in place.

Saudi Replaces Housing Minister After King Vows To Address Shortage

Shuwaish al-Duwaihi has been replaced by Essam bin Saeed as minister of state and member of the cabinet.

Thales Wins Tech Contract For Qatar’s Lusail City Tramway Project

The new tramway will consist of four lines, covering 32 km, and serving 37 stations.

ISIL Says Australian Teenager Carries Out Suicide Attack In Iraq

The Australian government said it is verifying whether 18-year-old Melbourne teenager Jake Bilardi has been killed.

Emirates Airline Expects Drop In Annual Fuel Costs

The proportion of fuel costs to the company’s total costs is slated to fall to 35-37 per cent, from 42 per cent in the previous 12 months.

Bahrain Detains Student, Teachers Over Koranic Recitation To Music

Footage allegedly showing the student reciting Koranic verses while a teacher played an instrument to accompany him were posted on social media.

Saudi Arabia’s Takween Signs $347m Loan For Savola Packaging Buy

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

UAE Launches New API System To Pre-Screen Passengers

Those deemed high-risk will be prevented from boarding the flight to the UAE or apprehended at the airport.

UAE To Launch New Smart Gates, Trolleys To Reduce Airport Wait Time

New initiatives are expected to be launched before the end of this year across the country’s airports.