Qatar Airways Unveils First A350XWB

Qatar’s 283-seat aircraft was officially unveiled to international media and dignatories in Doha today.

UAE Online Job Postings Rise 13% In December

Online job postings in Banking, Finance, Services and Insurance (BFSI) saw the largest growth, rising by 27 per cent, the index showed.

Qatar Airways Finalises Deal For Four Boeing Freighters

The Gulf airline also purchased rights for four additional planes, bringing the combined value of the deal to $2.46 billion when exercised.

Stock News: Gulf Markets Stabilise After Sharp Drops

Dubai’s bourse, which had suffered more than others and fallen 8.6 per cent this week, added 0.8 per cent in a broad recovery.

Brent Crude Oil Drops Below $50 For First Time Since May 2009

Crude oil prices have plunged more than 55 per cent since June, when benchmark Brent traded above $115 a barrel and U.S. crude above $107.

Qatari Diar Transfers Al Khaliji Stake To Qatar Investment Authority

Diar, which had been Al Khaliji’s largest shareholders, moved 61.9 million shares in Qatar’s sixth-largest bank to QIA.

Saudi Retailer Jarir Posts 25.5% Q4 Net Profit Jump

The company made a net profit of SAR200.8 million($53.5 million) in the fourth quarter.

UAE Oil Minister Says Oversupply May Last Months Or Years

Suhail bin Mohammed al-Mazrouei also said that the UAE would not panic over low prices and the market would eventually stabilise itself.

Dozens Killed And Wounded In Yemen Police College Blast

The blast appeared to target a group of students outside the college,

Protesters Injured In Bahrain Clashes – Witnesses

The witnesses said protest marches in Sheikh Salman’s district of the capital, turned violent, with security forces firing bird-shot and tear gas at the demonstrators.

Egypt’s Bisco Misr Shareholders Agree To Sell Stake To Kellogg

Shareholders controlling 59.91 per cent of the company’s shares had agreed to sell at 89.86 pounds per share, Bisco Misr said in a statement.

Brent Falls More, Saudi Arabian King Speaks

Brent crude fell as low as $51.23 a barrel on Tuesday, its lowest level since May 2009.

King Says Saudi Arabia To Deal With Weak Oil Challenge With ‘Firm Will’

King Abdullah said that lower prices were primarily caused by weakness in the global economy.

Rotana Opens Bahrain Hotel

Design-led hotel targets business and leisure guests as more five-star supply beckons

Middle East Sales Drive Rolls-Royce’s Record Year

The UAE was the third largest market for Rolls-Royce after the US and mainland China in 2014, while Saudi Arabia was fifth.

Arabtec Denies Reports Of Immediate Acquisitions

The company’s statement follows reports that it had assigned a consultant to advise on potential take over bids.

Saudi’s Jabal Omar Signs SAR4bn Loan Refinancing For Mecca Project

It did not give the details of the previous loan but said it was signed with six banks in June 2012.

Etihad Forecasts Normal Operations Post Fog Delay

The airline will also review the amount of time its flights can be on the tarmac with passengers on board, following reports of passengers being held on a plane for nearly 12 hours.

Stock News: Gulf Markets Fall After Oil Plunge; Dubai Tumbles

Dubai’s bourse tumbled 5.1 per cent with Emaar Properties losing 8.4 per cent.

Ooredoo Kuwait Says Wins Court Appeal Against $125m Fine

The ministry fined Ooredoo Kuwait, claiming that it had been unlawfully using government network infrastructure since 1999,

Dubai Islamic Bank Picks Arrangers For Potential Tier 1 Sukuk

The Islamic lender has mandated HSBC and Standard Chartered as the joint structuring banks.

UAE Non-Oil Business Growth Edges Up In December-PMI

The measure of output growth climbed to 65.0 points in December from 62.8 in November, while new orders were at 65.4 points against 65.5.

Saudi December Non-Oil Business Growth Accelerates Slightly

The seasonally adjusted SABB HSBC Saudi Arabia Purchasing Managers’ Index rose to 57.9 points in December from 57.6 in the previous month.

Stock News: Gulf Sentiment May Stay Weak After Oil’s Plunge

Brent futures edged up early on Tuesday but traded below $54.

Twitter Says Timeline Delivery Issue Resolved

Users of Twitter were facing a delay of 25 minutes to 45 minute, the company said.

Oman Air Launches Efficiency Plan To Slash Costs

The new plan aims to reduce the total expenditure of the airline by more than OMR100 million over the next three years.

Bahrain Extends Detention Of Opposition Leader

Sheikh Ali Salman, head of the al-Wefaq Islamic Society, was arrested after leading a protest rally against elections.

UAE’s Al Jaber Group Wins Contract To Build New Airport in Saudi Arabia

The project will include a new passenger terminal covering an area of 86,000 square metres and will be built to accommodate around five million passengers annually.

Oil Hits Five-Year Low Under $55 On Supply Glut

Additional supply from Iraq and Russia have entered the market, offsetting the lack of exports from Libya, experts say.

Saudi Crown Prince Assures Cabinet On King’s Health

The royal court previously said that King Abudullah was suffering from pneumonia and temporarily needed help to breathe through a tube.