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Societe Generale’s Egypt Arm Net Income Up 3%

Last month Egypt’s financial regulator approved an offer by Qatar National Bank for NSGB.

“Be Brave,” Global Creative Head Tells ME Advertisers

Erik Vervroegen, international creative director, Publicis Worldwide, a judge at the Dubai Lynx Awards, says regional work is “world-class.”

OPEC Sees Oil Demand Downside Risk, Rising Supply

OPEC, the source of more than a third of the world’s oil, expects the U.S. economy to expand by 1.7 per cent in 2013.

Gulf States Buy Stake In Virgin Mobile’s Middle East Unit

Richard Branson’s Virgin Group and GIC will be the joint largest shareholders in Virgin Mobile Middle East & Africa.

UAE Consumer Confidence Lowest In The GCC

The country scored much lower than the other Gulf states on the latest MasterCard Index of Consumer Confidence.

Dusit Gears Up For Regional Expansion

Its second Dubai property falls under the rapidly growing dusitD2 brand, which targets young and successful business and leisure travellers

Obama Meets Arab American Leaders Before Middle East Trip

Obama met about 10 leaders on Monday to seek input for his meetings in the region.

UK Government Promotes London As Islamic Finance Hub

More than $34 billion worth of Islamic bonds have been issued through the London Stock Exchange.

Nomura’s EMEA CEO To Leave Bank

John Phizackerley had previously said he planned to beef up staffing at the lender’s Dubai office.

GCC Tourists Spend Dhs2,440 Per Head In The UK

Visitors from Qatar and Kuwait were found to be the biggest spenders.

Qatar Says No More Aid To Egypt For Now

Qatar has been a key source of foreign aid to Egypt since its 2011 revolution giving $5 billion.

Abraaj Buys Stake In Palestinian Games Firm

UAE-based Abraaj Capital invests undisclosed sum in Anoud Games through its Palestine Growth Capital Fund.

Lebanon’s Revised 2013 Budget Sees $3.48bn Deficit

The revised version cuts spending by more than $1 billion from an earlier draft budget.

Arab Spring Brings New Buyers For Bulletproof Cars

There is no shortage of rich individuals and governments who suddenly feel they need a little extra protection.

Logistics Firm DHL Announces Dhs100m Dubai Facility

The new facility is expected to open in the third quarter of 2014.

Shared 2022 World Cup Is ‘Crazy’ – UAE Soccer Chief

UEFA president Platini has suggested Qatar shares the 2022 World Cup throughout the Middle East and moves it outside of Summer.

VOX Cinemas In Middle East Expansion

The chain has opened a new venue in Dubai’s Mercato Mall as it attempts to become the region’s largest operator.

Rosetta Stone To Open First Middle East Office

The global language-learning company is to set up shop in Dubai, amid several new school announcements at GESS.

Special Report: GCC Luxury Watch Market

Strong growth projections, new models and boutique openings signal a rosy 2013 for luxury watches.

WEF Energy Report Leaves Out OPEC Members

The top 50 list of countries adjusting to future energy sources does not include any OPEC states.

McDonald’s Arabia: “No Horsemeat In Our Products”

Products are tested externally and internally to ensure that “quality is maintained” says regional head.

REVEALED: GCC Asian Expats Earn 26% Less Than Western Peers

Asians in the Gulf are taking home over a quarter less than Westerners, with HR experts controversially saying wages ‘link back’ to home countries.

GCC’s Appeal Sees Rise In M&A Deals

Regional M&A activity spiked in 2012 as global investors looked outside the West.

REVEALED: Qatar, Saudi CEOs On Highest GCC Salaries

The Gulf Business 2013 Salary Survey reveals which countries reward CEOs with the biggest pay packages.

Crowded Skies Hindering GCC Airports Growth

As airlines and airports in the GCC expand, air traffic management is becoming a serious concern, say experts.

Nomura To Hire In Dubai To Revamp Middle East Operations

The Japanese investment bank plans to increase business across investment banking advisory, debt and equity capital markets.

Badoit Reports Triple-Digit Growth Across Middle East

The Gallic brand also saw a four-fold increase in volume sales on the previous year.

Abercrombie & Fitch To Launch In Middle East With MAF

American fashion house will open a Hollister store in Mall of the Emirates in Q3 of this year.

Turkish City Bursa Woos GCC Investors For Mega Project

The city is hoping that its upcoming $2 billion tourism development will attract investors and visitors from the Gulf region.