Dubai’s Union Properties Proposes First Cash Dividend Since 2002

The board also proposed a five per cent bonus share issue for 2014.

Apple Debuts $17,000 Watch, Some Waiting For Killer App

Investors and analysts agreed that Apple would sell millions to fans but questioned whether it had a “killer app” that would engage a broader audience.

Revealed: Top 10 Salaries In Saudi Arabia

Average salaries in Saudi Arabia rose seven per cent to reach $12,978.3 per month in the Gulf Business 2015 Salary Survey.

Sidelined In Tikrit, U.S. Says War On ISIL Will Be Won

Washington has been training and equipping the Iraqi army to fight back the ISIL militants.

Saudi Kayan Names Abanmai As President

Abanmai has previously served in several executive posts at SABIC and its affiliates, a bourse filing said.

France Wants UN Security Council Meeting On Minorities In Middle East

Laurent Fabius said that he would chair the meeting which would discuss the problems of Christians and other minorities in the region.

Video: Samsung Galaxy S6 Edge Hands On

A brief look at Samsung’s new flagship smartphone.

Saudi’s Safco Gains Regulatory Nod For $222.2m Bonus Share Issue

Safco will raise its capital from SAR3.33 billion to SAR4.16 billion ($888 million-$1.11 billion), according to a filing on the bourse website.

First Tryp Hotel In UAE Opens

Wyndham’s brand enters the underserved select-service mid-market

Dubai’s Dnata Buys Majority Stake In UK-Based Holiday Firm

The company did not disclose the value of the deal or the exact size of the stake it purchased.

UAE Beat Iran To Win 2019 Asian Cup Hosting Rights

The UAE has staged events such as the 2009 and 2010 FIFA Club World Cups and the FIFA under-17 World Cup in 2013.

Oil, Gas Industry May Cancel $1trn Projects On Price Fall -Aramco

Aramco executive said that the $1 trillion figure included projects that might merely be delayed, not just those that could be cancelled outright.

Show Us Proof: UAE Minister Hits Back In Airlines Subsidy Row

Sultan bin Saeed al-Mansouri said that the word subsidy is often misused and warned that it should not be used without sufficient proof.

Saudis Block Swedish Minister’s Speech At Arab League

The move comes after Sweden’s foreign minister criticised Saudi Arabia’s decision to punish blogger Raif Badawi.

Oman, Brunei Sovereign Funds Partner In Aircraft Leasing

Oman Brunei Aviation Leasing Co will invest in and manage the purchase and lease of commercial aircraft operated by airlines in the Middle East and globally.

Saudi Aramco Says Operating 212 Drilling Rigs, No Decision On Increase

Aramco deployed 210 oil and gas rigs in 2014, an exceptionally busy year, company sources had said.

Damac Launches Limited Edition Of Trump Luxury Villas In Akoya

Prices for Trump PRVT mansions will start at Dhs6.5 million.

Bahrain Says Will Address Audit Report On $1bn Spending Violations

A report by a state audit body alleged BD400 million of public funds had been wasted by government departments and state-linked firms.

UAE To Try Kuwaiti Ex-MP For Insulting Leaders

Mubarak Fahad Ali Fahad Al Duwailah is charged with accusing the UAE of being against the Sunni Islam school and for insulting the Gulf country’s leader.

Egypt’s Orascom Construction Shares Rise In NASDAQ Dubai Listing

Trading on the Cairo stock market is expected to begin on Wednesday, the company’s chief executive said.

Qatar’s Barwa Real Estate Q4 Net Profit More Than Doubles, Hikes Dividend

The firm earned QAR2.8 billion for the full year, compared with QAR1.4 billion in the prior year.

Solar Impulse 2 Begins Round-The-World Flight From Abu Dhabi

The zero-fuel airplane is flying from the UAE capital to Oman in the first leg of its journey.

Saudi Builder Khodari Says Rights Issue Proposal To Regulator By End-June

The builder announced it November it planned a SAR500 million rights issue to help expand its business.

Omantel Seeks Approval For Debut Islamic Bond

Until now there has been only one issuer of sukuk in Oman, a OMR50 million private placement from Tilal Development Co.

Badri: OPEC Shouldn’t Cut Output To “Subsidise” Shale

The OPEC secretary general also said that the oil market would return to balance in the second half of 2015.

UAE Airlines Suspend Flights To Erbil On Security Woes

Emirates, flydubai and Etihad Airways have suspended flights to Erbil as ISIL destroys ancient cities in Iraq’s north.

Oman Jails Rights Activist Who Wrote Letter To Obama

Said Jadad found guilty of “undermining the prestige of the state”, was fined and sentenced to three years in jail.

Saudi Commerce Ministry Refers MMG Board Members To Investigations Body

Saudi contractor Mohammed Al Mojil Group has not traded on the Saudi bourse since July 2012.

Snapchat Management Holds Talks With Saudi’s Prince Alwaleed

Prince Alwaleed has previously made investments in technology brands including Twitter and Chinese e-commerce firm JD.com.

Dubai’s Drydocks World Floats Second Debt Restructuring

The firm will ask creditors to amend the terms of its $2.3 billion restructuring deal originally signed in 2012, sources said.