UAE’s Emke Group Buys Stake In East India Company

The group will acquire almost 10 per cent stake in British trading firm East India Company along with a 40 per cent share in its fine foods subsidiary.

Bullion Sinks To Lowest In 15 Months On Robust U.S. Data

Gold has also failed to capitalise on geopolitical tensions caused by military conflict between Russia and Ukraine and the rise of Islamic State in Iraq and Syria.

Silicon Valley Giant Hewlett-Packard To Split Into Two Public Companies

Under the reported plan, HP will separate its computer and printer businesses from its corporate hardware and services operations.

Global Officials To Issue Communique Warning Of Economic Risk

With Europe flirting with deflation, Japan not far from recession and a slowing economy in China, there are worries the recovery from the deep 2007-2009 crisis is losing traction.

UAE Says Biden Apologises For Any Implication It Supported Militants

State news agency WAM said on Sunday that Biden had telephoned Sheikh Mohammed bin Zayed al-Nehayan, who is also the deputy supreme commander of the UAE armed forces, over the comments.

High Risk Ebola Could Reach France, UK By End-Oct

The deadly epidemic has killed more than 3,400 people since it began in West Africa in March.

UAE Says Shocked By US Vice President’s Comments On Terror Financing

Joe Biden said that the Middle East had provided money and weapons to Al Nusra and Al Qaeda.

BP Awards $730m Drilling Contracts For Oman’s Tight Gas Project

The Khazzan project aims to extract around one billion cubic feet (bcf) per day of gas.

Islamic State Video Shows Second British Hostage Beheaded

British aid worker Alan Henning was part of an convoy taking medical supplies to a hospital in Syria in December last year when he was kidnapped.

Apple To Hold iPad Event On Oct. 16

The iPhone maker is expected to unveil the new iPads and the latest updates to its iMac line, according to reports.

Oman Says Sultan In Good Health After Medical Tests

Sultan Qaboos has been in Germany since July for medical tests.

Kuwait In Talks With Major Oil Companies To Develop Fields

Kuwait has invited BP, Total, Royal Dutch Shell, ExxonMobil and Chevron, to bid for an agreement for the northern Ratqa heavy oilfield.

Vodafone Qatar Agrees To Buy State-Owned Broadband Firm

Vodafone Qatar will buy 100 per cent of Qatar National Broadband Network, comprising 21 million shares.

Private Banking Special 2014: State Of The Wealth

Private Banking in the region is set to grow further this year, as nationals switch from protecting their wealth to growing it.

Has Dubai’s Property Market Finally Lost Steam?

Although this year’s Cityscape saw bigger displays and numerous new project launches, experts say the market is leveling off.

Can Apple Make Wearables “Cool”?

While the new smartwatch from Apple looks good, experts say it is far from a revolutionary product.

Review: BlackBerry Passport

BlackBerry’s latest smartphone is wide and unwieldy, but has some promising new features.

Bahrain To Detain, Question Activist Nabeel Rajab For One Week

Rajab was freed in May after two years in jail on charges of organising and participating in illegal protests.

US To Deploy 2,300 Troops To Kuwait As Part Of Crisis Unit

The unit, which will include several aircraft, has been deployed to deal with sudden contingencies, said Pentagon spokesman Rear Admiral John Kirby.

Mohamed Alabbar to acquire stake in YNAP from Richemont

Emaar Eyes June Listing For Egyptian Unit Misr – Alabbar

The developer is also looking to list its hospitality unit following the $1.6 billion Emaar Malls Group listing last month.

Middle East and Africa M&A Values Plunge 62% Q-on-Q In Q3 2014

Mergermarket attributed the sharp decline in total values to the lack of inbound mergers and acquisitions.

Emaar Properties Mulls Listing Hotels Unit – Chairman

Emaar sold a 15.4 per cent stake in Emaar Malls Group (EMG) in an initial public offer last month, raising $1.6 billion.

Dubai Detectives To Get Google Glass Face-Recognition Technology

Software developed by Dubai police will enable a connection between the wearer of the glass and a database of wanted people.

Up to 40% Of UAE YouTube Users Come From Mobile

A study by Google found that 80 per cent of smartphone users in the UAE watch online videos on their devices.

Middle East Carriers Post 7.8% Cargo Growth In August

The air cargo growth was aided by Middle East airlines’ growing links to developing markets and their diversification plans, IATA said.

Emirates President Says Asian Demand For Africa Flights Hit By Ebola

Emirates suspended flights to Guinea in August, but has continued flying to other affected destinations.

Dubai Bourse To See Further Listings By Year-End – Chairman

DFM chairman Essa Kazim said that the bourse expects to receive one more listing before the year-end.

Dubai’s Emaar Malls Group Jumps 20% On Listing

Emaar’s shares, which were sold at Dhs2.90 in the heavily oversubscribed IPO, rose to Dhs3.49 on the market.

National Bank of Kuwait Says Sells Qatar Bank Stake For $538m

The bank will book a profit of KD25 million from the sale in its 2014 accounts, it said in a bourse filing.

Gulf Arabs Demand Return Of State Authority In Yemen

GCC states would not “stand idly” in front of foreign intervention, the ministers said in a statement after the meeting late on Wednesday in the Saudi Arabian city of Jeddah.