Kuwait Restarts Crude Unit At Mina Ahmadi Refinery

The crude unit was back online on January 2 with 80 per cent capacity and is expected to return to full capacity by January 21.

Dubai’s Limitless Seeks More Time After Missed Debt Talks Deadline

Limitless has been in talks with creditors for nearly a year and in November floated a tentative proposal backed by future cashflows.

Saudi Says Arrests Seven Saudis, Syrians Over Suicide Border Attack

The government confirmed last week that three of the four attackers, who carried out a gun attack on the country’s border, were Saudi nationals.

DIC Launches Sale Of German Aluminium Group Almatis – Sources

DIC has mandated Barclays to explore the options of the possible divestment, sources said.

Review: YotaPhone 2

The key feature on the YotaPhone, as before, is the 4.7-inch e-ink display on the rear of the device.

AirAsia Crash Makes Case For Ejectable Black Boxes

ICAO wants to develop a global system to improve plane tracking and ensure accident sites are found quickly.

High Noon On The Gulf Coast: Canada, Saudi Oil Set For Showdown

Saudi Arabia is offering crude at discounted prices in an attempt to defend its remaining share of the regional market, which has shrunk by more than half in recent months.

Dubai Aluminium Signs $1.8bn Loan Deal – Sources

The transaction was signed at the very end of 2014, sources said.

Industries Qatar Proposes 36% 2014 Dividend Cut

The company recommended a a cash dividend of 7 riyals ($1.92) per share for 2014.

Emirates Launches Second A380 On Manchester Route

The upgraded service will increase Emirates’ capacity from Manchester by 13 per cent, the airline said.

Emaar Opens New Boutique Hotel Manzil Downtown Dubai

The hotel will have 155 standard king rooms, 56 twin rooms and eight Burj View suites, decorated in an Arabian cultural style.

Bid Deadline For Egypt’s Arab Dairy Extended To January 22

Pioneers, a financial firm that already owns 25 per cent of Arab Dairy, is in a bidding war with Lactalis for Egypt’s Arab Diary.

Middle East And Africa M&A Deal Value Dropped 9.4% In 2014

Despite an overall decline, Q4 2014 saw growth in total M&A transactions in the Middle East and Africa region.

Abu Dhabi Airport Hit By More Fog, Reschedules Some Flights

Normal operations are expected to resume by later on Thursday afternoon, the spokesman said.

Stock News: Gulf Markets Extend Gains After Oil Edges Up

Dubai’s equities index rose 3.1 per cent while shares in bourse operator Dubai Financial Market surged 6.6 per cent.

Dubai’s Drake And Scull Asks To Treat Gulf Investors As Nationals

If approved, Gulf investors will be allowed to own up to 100 per cent of Drake and Scull’s shares.

Qatar’s Mesaieed Recommends Annual Dividend

The company said that it will pay a dividend of QAR1.1 riyals ($0.30) per share for 2014.

Middle East Carriers Post 12.9% Cargo Growth In November

Middle Eastern air cargo carriers also saw a 17.1 per cent increase in capacity in November, IATA said.

Blizzards Hit Middle East, Refugees Bear Brunt

The storm is forecast to last several days, threatening further disruption in Lebanon, Syria, Turkey, Jordan, Israel, the West Bank and the Gaza Strip.

Attackers At French Newspaper Seen As Trained Islamist Fighters

Terrorism experts said the hooded gunmen appeared to have carried out their attack methodically.

Saudi Arabia Condemns Deadly Attack On Paris Satirical Magazine

Saudi Arabia said in a statement via its official news agency that it denounces this “cowardly terrorist act”.

Qatar Airways To Cut Surcharge Following Oil Price Drop

The company declined to comment on exactly how much the cut would be or when it would be implemented.

Banque Saudi Fransi Says Recommends Cash Dividend For H2 2014

The bank said that it recommended a cash dividend of SAR0.5 per share ($0.13) for the second half of 2014.

Saudi British Bank Gets Nod For 50% Bonus Share Issue

The Capital Market Authority said that Saudi British Bank could issue one bonus share for every two shares held.

Oman Has No Plans To Cut Spending As Oil Slides -Minister

The minister said on Wednesday that the Oman’s budget assumed oil prices would average $75 per barrel this year.

Abu Dhabi Plastic Maker Borouge Says Prices To Steady In 2015

Borouge is a joint venture between state-owned Abu Dhabi National Oil Company and Austria’s Borealis.

UAE Favours Bourse Merger But Up To Exchanges -Minister

A possible merger of the Abu Dhabi Securities Exchange with the Dubai Financial Market has been discussed on and off for years.

Qatar’s GIS Says Business Unaffected By Lower Oil Prices

The company said that its contracts were based on fixed rates which had an average life of between three and five years.

UAE Firms Delaying IPO Plans Due To Weak Markets -Regulator

The Abu Dhabi and Dubai stock markets have dropped sharply in the past several months as the slide in global oil prices has burst speculative bubbles in equities.

Abu Dhabi Financial Centre To Base Rules On English Common Law

The Abu Dhabi Financial Centre will have its own administration, court system and tax incentives to attract banks and companies from around the world.