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Aster DM Healthcare Group To Invest Dhs500m In GCC By 2017

The group is planning to open 40 new medical centres as part of its expansion in the region, a senior company official said.

UAE Summons Iraqi Ambassador Over Flydubai Shooting In Baghdad

Gunshots were fired at the flydubai flight when it was landing at Baghdad airport on Monday evening.

At Least Eight Killed As Gunmen Storm Hotel In Libyan Capital

Two armed gunmen stormed into the five-star Corinthia Hotel and fired at guests before blowing themselves up with a grenade.

Regional Airlines Suspend Baghdad Flights After Airplane Shooting

Emirates Airlines, flydubai, Air Arabia and Etihad Airways suspended flights on Tuesday, in line with a directive from the UAE’ civil aviation authority.

Emaar Properties Targets Q2 For $270m Egypt Unit Float

Emaar Misr has a portfolio of investments in Egypt worth around 53 billion pounds.

Kuwait’s Zain Says Iraq Court Rejects $4.5bn Claim Against Firm

Unnamed claimants filed a lawsuit against Zain over its 2007 acquisition of an Iraqi telecom operator.

Talks To End Yemen’s Political Crisis Falter

President Abd-Rabbu Mansour Hadi resigned on Thursday after Houthi fighters crushed his presidential guards and deployed outside his home.

At Least 17 Killed In Protests On Anniversary Of Egypt Uprising

Protesters marked the anniversary of the 2011 uprising that toppled Hosni Mubarak.

Qatar-Based Cleric Urges Protests In Egypt On Uprising’s Anniversary

Qaradawi’s outspoken support for the Islamist movement has previously contributed to a diplomatic rift between Qatar and its Gulf Arab allies and Egypt.

UAE Retailer Marka To Develop UEFA Champions League-Themed Stores

The first retail and dining concept store is set to open in Abu Dhabi’s Yas Mall in May, with plans also lined up for Dubai.

Gulf Banks Flourish In 2014 On Strong Economic Growth

Gulf banks have recorded much improved net profit numbers in 2014 driven by higher loan growth, increased non-interest income and reduced provision charges.

Oil’s Plunge To Siphon Gulf Petrodollars From Global Markets

Governments will probably liquidate some of their fund assets to cover budget deficits as their revenues fall; if Brent stays at its current level around $50.

Abdel-Malek Al-Houthi: Provincial Rebel Turned Yemen Powerbroker

Al-Houthi, in his early 30s, rarely appears in public or gives press interviews, but has positioned himself as a revolutionary national leader.

Different Arab money

Growth In Gulf Arab Oil States To Slow Moderately This Year

Analysts believe GCC governments will be able to use huge financial reserves to keep state spending high.

Stock News: Mobily Weighs On Saudi; Egypt Extends Gains

Saudi Arabia’s main index was nearly flat while Egypt’s bourse rose 1.2 per cent.

Yemen Leader Ready To Accept Demands Of Houthis After His Guards Defeated

Hadi said the group had a right to serve in posts in all state institutions, and a draft constitution that has been a source of disagreement was open to amendment.

Gulf Arab Ministers Condemn Houthi “Coup” In Yemen

Although the GCC described the Houthis’ actions as terrorism, they stopped short of promising any measure to counter the group in Sanaa.

Oil Export Losses To Reach $300bn In Middle East

Economies such as Qatar, Iraq, Libya and Saudi Arabia will be hit hardest by the more than 50 per cent decline in petroleum prices, the IMF said.

Oman Oil Minister Slams OPEC Policy On Prices, Market Share

The minister said that OPEC’s policy might temporarily force high-cost producers out of the market but they would eventually come back.

Yemen’s Houthi Gunmen Guard President’s Home But Say He Has Not Been Toppled

Houthi leader Abdel-Malek al-Houthi warned President Abd-Rabbu Mansour Hadi that he had to implement a power-sharing deal.

Middle East CEOs’ Confidence Has Dropped In 2015

Business confidence was notably down in oil producing countries across the world due to falling crude prices, the survey said.

Middle East M&A Deals Up 23% In 2014

The region’s deal values were mainly driven by outbound M&A activity, a report says.

Stock News: Gulf Markets Rise As Oil Gains

Dubai’s index added 1.2 per cent, with Dubai Islamic Bank’s (DIB) 2.8 per cent gain the main support.

Iran Minister’s Saudi Visit Delayed Due To Oil Price Fall – Tehran

The two sides have been talking about the visit for about 18 months, and a date had been tentatively set for last October.

Gulf Markets Edge Up After Oil Prices Firm

Dubai’s bourse added 1.6 per cent as most stocks gained.

U.S. Troops For Syria Training Mission Seen Moving To Region Soon

The U.S. military has said it is planning to send more than 400 troops to train Syrian moderates outside the country.

No Oil Price Recovery Yet Despite US Shale Slowdown-IEA

For the whole of 2015, the IEA raised its estimate of the demand for OPEC crude by 300,000 bpd to 29.2 million bpd.

OPEC+meeting

OPEC To See Market Share Drop Even As Oil Slump Slows Shale Boom

OPEC forecast demand for the group’s oil will drop to 28.78 million barrels per day (bpd) in 2015.

Lactalis Subsidiary Tops Rival Bid For Egypt’s Arab Dairy

The revised bid values Arab Dairy at 363 million Egyptian pounds ($50.5 million) against $49.68 million for the latest Pioneer offer.

MENA To See Solar Projects Worth $2.7bn In 2015

Solar projects having capacity to produce up to 1,800 megawatts of power are to be awarded over the next 12 months in the region.