Abraaj Aims To Soon Complete Purchase Of Saudi Fast-Food Chain Kudu

The private equity firm has been in exclusive talks for months to buy a controlling holding in the restaurant group.

Different Arab money

European PE Firm CVC Eyes $700m Deals In Middle East, North Africa

Currently, around 25 per cent of the firm’s funds come from Asia and the Middle East.

EU Targets Ministers, UAE Firm In Latest Syria Sanctions

The moves were part of a gradual tightening of EU sanctions against the government of Syrian President Bashar al-Assad.

Accenture Ranked As GCC’s Top Consulting Firm For Thought Leadership

EY ranked first in terms of the volume of published material while Deloitte produced almost a third of consulting thought leadership material, a new report finds.

China-Backed Hackers May Have Infiltrated Apple’s iCloud

The hackers potentially gained access to passwords, iMessages, photos and contacts, Greatfire.org said.

Oman Oil In Talks With US-Based Occidental Petroleum To Buy Its Local Assets

Oxy had said in October 2013 that it planned to sell a minority stake in its MENA operations as part of a restructuring programme.

Etihad, Alitalia Unveil New Aircraft For Expo 2015

The airlines will fly two Airbus A330-200 aircraft with the Expo livery starting from October 21 between Rome and Abu Dhabi.

Total CEO Christophe de Margerie Killed In Moscow Business Jet Accident

De Margerie, 63, became CEO of the French oil company in February 2007, taking on the role of chairman in May 2010.

Saudi Inmate To Stay At Guantanamo, Another Cleared For Transfer

Muhammed Abd Al Rahman Awn Al-Shamrani, 39, should stay at the prison because he remains a security threat, the Periodic Review Board said.

Stock News: Markets Give Up Gains As European Stocks Slip

Dubai’s index, which was up as much as 2.5 per cent early in the session, fell 0.4 per cent by mid-day as the pan-European FTSEurofirst 300 index edged down 0.6 per cent.

Microsoft Plans To Launch Smartwatch Within Weeks

The wearable gadget’s battery life will exceed two days of regular use, Forbes reported.

Stock News: Markets Rebound As Global Bourses Rally On Earnings, Sentiment

Worries about weak earnings report on growth and business had sent Middle East bourses tumbling, with Dubai’s index down 13.6 per cent last week

Up To 75% Of Middle East Employers Say Hiring Up Over Last Year – Study

However, majority of regional firms struggling to attract and retain skilled talent, finds Towers Watson study.

Dubai Judge Approves Liquidation Of Local Espirito Santo Unit

Portugal’s largest listed lender, Banco Espirito Santo, was rescued by the state in August.

Dubai Ranks Most Expensive On UK List Of Value For Money Holiday Destinations

Jumeirah in the emirate came bottom on a list ranked by the cost of a basket of travel essentials.

UAE’s Arabtec To Launch Phase 1 Of Mega Egypt Housing Project By Year-End

In March, Arabtec said it would build one million homes in Egypt in a $40 billion project backed by the Egyptian and UAE governments.

Palestinian Businessman Said Khoury Dies Aged 91

Khoury founded the Consolidated Contractors Company (CCC), one of the region’s biggest construction firms.

Airbus To Cut A330 Production Rate In 2015

A spokesman said the cut in production would not result in job losses.

Apple Launches iPad Air 2, World’s “Slimmest” Tablet; New Mini Version

The larger tablet includes new features such as an anti-reflective screen and the “Touch ID” sensor.

New GCC Projects To Hit $180bn This Year Despite Oil Price

Brent crude oil sank to a four-year low below $83 a barrel last week because of ample supply and the prospect of a weak global economy.

Will Al Sisi Help Bring Egypt Back On Track?

Political stability has returned to Egypt under President Abdel Fattah Al-Sisi but it yet to be seen if the former Army man be able to command its faltering economy back to life.

Where Are Arab Investors Buying Property In London?

Middle Eastern investors are causing a marked shift in London’s prime property market.

Oil Market Proves Mightier Than OPEC

Prices above $100 are unsustainable because they lead to too much new supply and too much demand destruction, writes Reuters columnist John Kemp.

UAE’s Air Passenger Numbers To Grow 5.6% By 2034 – IATA

Globally, passenger numbers are expected to reach 7.3 billion by 2034, representing a 4.1 per cent average annual growth.

Oil Sinks To Four-Year Low Below $83 As Economic Worries Mount

Global benchmark Brent has lost more than 28 per cent since June on slow demand and abundant supply.

GCC Mulls Joint Naval Force Against Regional Threats

The joint naval force will work towards protecting the Gulf’s commercial routes while cooperating with other international security forces to combat terrorism.

Stock News: Markets Extend Pull-Back Amid Global Gloom

Dubai’s index fell 2.7 per cent to 4,370 points as a broad sell-off continued.

Jumeirah Unveils Chinese Expansion

Trio of properties in Nanjing, Wuhan and Hainan take group’s Chinese portfolio to eight hotels

Oil Falls To $84, Near Four-Year Low, On Oversupply

Oil saw its biggest daily fall in more than three years on Tuesday.

Blackstone, Gulf Investors Buy Stake In UAE’s GEMS Education

Under the transaction, GEMS will be split into two entities, with the investing group buying a stake in the part of the business focussed on MENA and Asia.