UAE Sees No Defeat Of ISIL Without Iraq’s Sunnis – Newspaper

The UAE’s decision to withdraw its planes raised fears that regional support for the coalition air campaign might be slipping.

Gulf Banks Help Underwrite Region’s Aviation Boom

Figures from Airbus show that 47 per cent of its aircraft deals in the ME in the first 11 months of 2014 were funded by local banks.

Sit, Stand Or Lean: What’s The Future Of Airline Travel?

Double decker sleep pods and bicycle seats are just some of the ideas floating around for the future of aircraft seating.

Saudi Ranks 5th For Consumer Confidence Among Emerging Markets

India topped the survey conducted by Credit Suisse, which included nine global economies.

Revealed: Top 10 Countries With The Cheapest Petrol Rates

The average price of petrol around the world ranged around $1.04 per liter, according to GlobalPetrolPrices.com

Kuwait Central Bank Chief Denies Illicit Share Trading

A local daily reported that the securities regulator had decided to refer central bank governor Mohammad al-Hashel to prosecutors on suspicion of violating investment rules.

Lower Oil Prices, E-commerce To Aid Growth In 2015, Says Aramex

Aramex CEO Hussein Hachem said that lower oil prices could translate into a 5 to 10 per cent drop in its 2015 operating costs.

ADNOC Starts Production At New Ruwais Refinery

The refinery has started production at the crude unit and a hydrotreater and is currently producing gasoil, jet fuel and naphtha.

Dubai Developer Meraas Launches New Retail Project Boxpark

The development features 44 retail, restaurant, cafe, and entertainment brands, Meraas said.

Qatar’s Tasweeq Offers Rare Straight-Run Fuel Oil Cargo

The company is offering two 40,000-tonne cargoes for loading in March from Mesaieed.

One Killed In Attack On KFC Restaurant North Of Cairo

Assailants on a motorcycle threw flammable materials and then opened fire at the restaurant, state news agency MENA said.

Bahrain Petroleum Inks Rare Term Deal For Low Sulphur Diesel

Bapco signed a January to December 2015 term contract with Emirates National Oil Company (ENOC), traders said.

Underwater Villas, Priced At Dhs5m, Go On Sale At Dubai’s World Islands

The villas, located in the Heart of Europe project, are being developed by the Kleindienst Group.

Middle East Carriers Record Strongest Air Cargo Growth Globally In 2014

The region saw an 11.3 per cent growth in air freight traffic during the month of December, IATA said.

UAE’s Dana Gas Blames Oil Price Slump, Egypt Charge For Q4 Net Loss

Dana Gas made a net loss of Dhs15 million in the last quarter of 2014.

Saudi’s Jarir Marketing Proposes Q4 Dividend

Jarir posted a 25.5 per cent increase in its fourth-quarter net profit.

Dubai’s Aramex Q4 Net Profit Up 17%, Beats Estimates

The company made a net profit of Dhs89.4 million ($24.3 million) in the last quarter of 2014.

Oman’s Raysut Cement Q4 Net Rises 9.2%, Misses Forecasts

The company made a profit of OMR6.55 million($17.0 million) in the last quarter of 2014.

Industries Qatar Q4 Net Profit Slips 4.2%

The company reported annual net profit of QAR6.3 billion for 2014, down 21 per cent from QAR8.01 billion a year earlier.

Jordanian King Vows “Relentless” War On Islamic State’s Own Ground

Jordan hanged two Iraqi jihadists, one a woman, on Wednesday and vowed to intensify military action against ISIL.

Saudi Supermarket Chain Al Raya Put Up For Sale – Sources

Dubai-based Levant Capital and Citi Venture Capital International originally bought the stake in Al Raya in 2012 for $100 million.

Held To Higher Standards: Why The Glass Ceiling Still Exists

Isn’t 2015 finally time to let the world’s female population experience true equality?

Saudi’s GASCO Says To Solve Gas Shortage Soon

The shortage of gas cylinders, used for cooking, in Jeddah and nearby cities has pushed up prices to SAR100 in the black market from SAR15.

Saudi King Calls Pilot’s Killing “Heinous” Violation Of Islam

His message offered condolences to the Jordanian people and King Abdullah of Jordan.

Abraaj And TPG Sign Deal For Saudi Fast-Food Chain Kudu – Sources

The deal is a first in the region for TPG, which manages about $65 billion of capital according to its website.

UAE Stops Airstrikes In Anti-ISIL Coalition -U.S. Officials

The officials said the UAE had suspended its participation in the air campaign because of concern for pilots’ safety.

Al Jazeera Journalist Greste Arrives Home In Australia

Greste was released on Sunday after 400 days in a Cairo jail and had been in Cyprus since.

CEO Predictions 2015: Vipen Sethi, CEO, Landmark Group

The GCC’s retail growth will be supported with the opening of new malls across the region, writes Sethi.

UAE Lender NBAD Launches $750m Five-Year Bond

Investor orders grew to over $1 billion, the leads said.

Yasref Refinery In Saudi Arabia To Load First Gasoline Cargoes

On Feb. 6, the 400,000 barrels per day refinery will load a 60,000 tonne cargo of gasoline on the Serengeti.