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Middle East

Landmark’s Centrepoint Plots 130 Locations By Year-End, Iraq Expansion

The move is part of a Dhs2 billion expansion announced last year.

Qatar Lends Palestinians $100m To Pay Salaries

Palestine is in the midst of an economic crisis triggered by a row with Israel over taxes.

UAE Says Sees Iranian Meddling In Yemen, Region

GCC states had little grounds for hoping they could build normal ties with Tehran, said the UAE’s foreign minister.

US Firm Apollo Plans To Expand Into Mideast Via Dubai Joint Venture

Apollo is the world’s third-largest alternative asset manager after Blackstone Group and Carlyle Group.

OPEC Should Change Course, Cut Oil Output – Libya Official

Halving of oil prices from $115 a barrel in June on global oversupply is hurting OPEC’s less wealthy members outside the Gulf.

Iran Deploys Warships Off Yemen’s Coast

The Alborz destroyer and Bushehr support vessel sailed from Bandar Abbas on a mission to protect Iranian shipping from piracy, an official said.

US Online Video Service Starz Play Launches In UAE At $13.99 Per Month

Available now in 17 countries across the MENA region, Starz Play currently has a bank of 3,000 Hollywood movies and TV series.

US Speeds Up Arms Supplies To Saudi-Led Coalition

Washington is also stepping up intelligence sharing with the coalition, which is conducting military airstrikes against Houthi fighters in Yemen.

Suspected Al Qaeda Militants Take Yemen Border Post With Saudi

They said the attackers took over the base near Manwakh, about 440 km (270 miles) northeast of the capital Sanaa.

MENACOM Chairman And CEO Joseph Ghossoub Resigns

Roy Haddad, WPP’s director of MENA, has been appointed as an interim chairman for the media and advertising group.

Kuwait Fund To Lend Egypt $1.5bn Over Next Five Years

Kuwait, Saudi Arabia and the United Arab Emirates have provided billions of dollars of aid to Egypt in the past two years.

Pakistan Parliament Resumes Debate On Yemen Operation

Saudi has asked Pakistan to join its military coalition that began conducting air strikes last month against Houthi forces in Yemen.

Revealed: Top 10 Richest Arabs In The World

Saudi billionaire Prince Alwaleed tops the 2015 of the top 100 richest Arabs in the world as compiled by Forbes Middle East.

Obama Calls Oman Leader To Discuss Iran Nuclear Deal

Obama also reiterated the U.S. commitment to address “Iran’s destabilising activities in the region.”

Emaar’s Egypt Unit Signals Chairman Role Change Ahead Of Float

There has been increased speculation that Mohamed Alabbar may leave Emaar due to his other commitments in the real estate sector.

FIFA Presidential Candidate, Prince Ali, Demands Changes

He said the football governing body had seen “enough” in terms of all the problems and scandals.

Conflict Plunging Yemen Towards Humanitarian Disaster, Says UN

UNICEF’s Yemen representative said “many, many children” had been killed in the fighting.

Obama: Gulf States’ Biggest Threat Is Not From Iran, But “Internal”

The US president said GCC states are struggling with issues such as youth unemployment and “destructive” ideologies.

Red Cross Gets Approval From Saudi-Led Coalition For Yemen Aid

The aid agency has been negotiating for nearly a week to deliver life-saving supplies and equipment to Yemen.

Yemen’s Houthis Ready For Talks If Saudi-Led Air Strikes Stop

Warplanes and ships from a Saudi-led coalition have been bombing the Houthi forces for 11 days.

Bomb Kills Policeman In Cairo

The bomb exploded on a bridge leading to the upscale Cairo district of Zamalek on Sunday.

UAE Fighter Jets Launch Airstrikes In Yemen Following Death Of Saudi Soldier

UAE fighter jets struck a surface-to-air missile base and a radar site in Marib.

Obama, Calls GCC Leaders, Makes Case For Iran Deal

Obama also invited the Gulf leaders to meet with him at Camp David this spring to discuss the tentative deal.

Arabtec Profit On Egypt Project Won’t Exceed 7.5%

The company agreed terms last week with Egypt for the first phase of a $36.7 billion plan to construct one million homes across the country.

Saudi Ambassador To US Says No ‘Formal’ Ground Troops In Aden

Sending troops in the future remains a possibility, he said.

US Ready To Provide Aerial Refueling To Saudi Arabia

A senior U.S. military official said the US was helping Saudi keep an eye on Houthi forces and monitor the Saudi border with Yemen.

Saudi-Led Coalition Airdrops Arms To Aden Forces

The light weapons, telecommunications equipment and rocket-propelled grenades were dropped over Tawahi.

GCC Rail Project: Less Chug, More Sputter

Uncomfortably close to the 2018 completion date, the GCC rail project is swamped by delays and challenges.

Middle East Funds Moving To Cash As Risks Rise -Survey

It is the first time since the survey was launched in September 2013 that the bears outweigh the bulls for both equities and fixed income simultaneously.

Arabtec, Egypt Agree Terms On First Phase Of One Million Homes Project

The first phase will consist of 100,000 units to be built in Egypt’s El Obour and Badr districts.