Kuwait’s Burgan Bank Q4 Net Profit Jumps

The lender reported a 424 per cent rise in fourth-quarter net profit.

Airbus To Deliver 30 Commercial Aircraft To UAE Airlines In 2015

The UAE currently comprises around 20 per cent of Airbus’ Middle East market, an official confirmed.

UAE Companies Are Biggest European Football Shirt Sponsors This Season

Firms in UAE and Qatar invested about 160 million euros this season, almost a quarter of the total spend worldwide.

Dubai Aerospace Explores StandardAero Sale – Sources

State-owned DAE purchased aviation services firm StandardAero from the Carlyle Group in 2007.

Bomb Damages Bahrain Mosque As Police Detain “Terrorist Cell”

The explosion appeared to have partially destroyed the roof of the Muqsha village mosque, west of Manama.

Saudi Fransi Capital CEO Resigns – Source

Yasir al-Rumayyan resigned from the bank last week after heading the business since the start of 2011.

Abu Dhabi Ship Building To Deliver 3 UAE Warships By 2016, Eyes New Deals

The company is holding discussions with some of the GCC countries as well as other international ones.

UN Experts Warn Of “Critical Knowledge Gaps” On Saudi MERS Virus

The WHO says 1,026 confirmed cases – including at least 376 deaths – have been reported since MERS emerged in 2012.

UAE Still In Talks With BAE, Dassault On Planes, Signs Airbus Satellite Deal

The UAE has signed a Dhs3.745 billion ($1.02 billion) contract with Airbus and Thales

UAE’s RAKBANK Will Raise $300m Through 2019 Bond Tap

Order books for the bond tap have crossed $500 million, as per the document.

Ex-Apple CEO-Backed Obi Mobiles Says Has 4.3% UAE Marketshare

The brand launched in the UAE six months ago and its current portfolio includes eight smartphone models.

Etisalat-Owned Maroc Telecom’s 2014 Profit Up 5.6%

Increased revenues from its African subsidiaries helped the company post a strong profit.

Oil Prices Dip As Worries Over US Oversupply Drag

Brent futures dropped below $60 a barrel and U.S. contracts hovered around $50.30.

Emaar Launches Residential Project ‘Acacia At Park Heights’ In MBR City

The development features 479 residences and is located within Dubai Hills Estate.

Saudi Telecoms Regulator Cuts Call Connection Fees By 40%

The move is seen as mostly benefiting Zain Saudi, the smallest of the Kingdom’s three mobile network operators.

UAE’s Abraaj Group Buys Stake In Turkish Online Retailer Hepsiburada

No purchase price or stake size was disclosed.

Stock News: Gulf Markets Stall As Oil Gives Up Gains

Dubai’s stock index fell 0.8 per cent as most stocks declined.

Qatar Islamic Bank Approves Up To $1.37bn Tier-1 Sukuk Issuance

The sale would be in accordance with Basel III banking rules and the final amount and currency of the offering would be decided by the board at a later date.

Dubai Marina Blaze Pushes Case For Home Insurance In The UAE

The UAE has an extremely low home insurance penetration rate with just six per cent of the population insured against emergencies, experts say.

New Defense Secretary Hosts U.S. Gathering On ISIL Strategy

Carter’s meeting at a U.S. Army camp in Kuwait comes against the backdrop of a fierce debate inside the United States about the U.S. strategy.

ISIL Militants Claim Attacks On Iranian Ambassador’s Residence In Libya

The attack come two days after the group claimed responsibility for a double suicide bombing that killed more than 40 people in the eastern town of Qubbah.

Sisi Tries To Reassure Egyptians Despite Host Of Challenges

The former army chief dedicated a major portion of his speech to financial patrons UAE, Saudi Arabia and Kuwait.

Dubai Refiner ENOC Hires M&A Team, Close To $1.5 bn Loan -Sources

The state-owned company might use some of the proceeds from a $1.5 billion long-term loan for its expansion plans.

Dubai’s Rents To Soften In 2015 Due To Increasing Supply

About 12,000 apartments and over 2,000 villas will be added to the city’s existing inventory in 2015, Asteco said.

Ahli United Bank Q4 Net Profit Jumps 37.6%, Proposes Flat Dividend

The bank’s net attributable profit for the last quarter of 2014 was $106.2 million.

Bahrain’s Al Baraka Says Q4 Net Income Up 12.5%

The bank made a net attributable profit of $36 million for the last quarter of 2014.

With Solar Costs Falling, GCC Govts Should Speed Up Projects – Expert

Regional governments should ditch existing, outdated roadmaps for installing solar, says expert.

Saudi Aramco Extends Bidding For Unconventional Gas Work -Sources

The project will involve building processing facilities, wellheads and pipelines for gas in Turaif.

Bahrain’s Batelco Names Hinnawi Acting CEO After Whelan Departure

Ihab Hinnawi had been chief executive of Jordan’s Umniah, an operator which is 96 per cent owned by Batelco.

Dubai Crown Prince Sheikh Hamdan’s Twitter Followers Cross 1m

Sheikh Hamdan is now the second most followed leader in the UAE on Twitter after Dubai’s Ruler Sheikh Mohammed bin Rashid Al Maktoum.