Gulf Countries To Invest Up To $5bn In Africa Annually – Study

Gulf states have provided $30 billion in funding over the last decade to develop African infrastructure, a study says.

Islamic State Fight Seen Costing U.S. $2.4bn Or More Annually

Intensifying the scale of operations against the militants could send costs soaring to between $13 billion and $22 billion annually, analysts say.

Dubai Tops List Of Billionaire Cities In The Middle East

The city has 34 billionaires with a combined wealth of $79 billion, says new report by Wealth-X and UBS.

Gulf Electricity-Sharing Grid Looks At Growing Larger

The grid has been working since 2009 with trading touching the equivalent of 800,000 mega watts (MW) hour of energy annually.

Dubai’s Arabtec Says Plan For $40bn Egypt Housing Scheme Nearly Completed

The project would not only mark a huge expansion of Arabtec’s business but also boost Egypt’s struggling economy and help to resolve a housing shortage.

Iran Urges OPEC To Stop Oil Slide, Gulf Members Relaxed

Oil has fallen from $115 in June, pressured by concern about slowing global demand and higher supplies, raising concern among some oil exporters of lower revenues.

Qatar Says Fight Against Islamic State Will Fail If Assad Stays

Islamic State fighters have exploited the chaos of Syria’s three-year-old civil war, which pits Assad and his allies against mainly Sunni Muslim rebels and Islamist militants.

As Risks Multiply, NGOs Reassess Security In The Middle East

International aid agencies are relying increasingly on local organisations to get access to communities in need both in Syria and Iraq.

Majid Al Futtaim To Partner With British Firm AllSaints For Regional Stores

MAF-Fashion will begin the roll out of the AllSaints stores across the GCC in 2015, a statement said.

Saudi Arabia Sent $3bn Worth Of Fuel To Egypt Since April

The total value of oil aid to Egypt from Saudi Arabia since July 2013 through September of this year amounted to $5 billion.

US, Saudi Arabia, UAE Strike Modular Oil Refineries In Syria

One U.S. official told Reuters that such refineries could produce about $2 million a day in oil revenue.

Apple iPhone Rollout Marred By Bending Phones, Dropped Cell Service

Apple iPhone 6 Plus buyers discovered their phones can bend when placed in back pockets.

Kuwait To Ship First Crude To Egypt In October Under Long Term Deal

The deal for two million barrels a month of Kuwaiti crude was signed with the Arab Petroleum Pipeline Co.

Saudi Sipchem Starts Plastics Plant With South Korea’s Hanwha Chemical

The plant, with an annual production capacity of 1,000 tonnes of plastic moulds, cost around $29.3 million to build.

Masdar Buys 35% Stake In British Offshore Wind Farm Project

Masdar bought the stake in a $2.5 billion 402 MW offshore wind project from Norway’s Statoil.

BlackBerry Set To Launch New Smartphone, Passport

The Passport boasts a big square screen and a unique touch-sensitive tactile keyboard.

HSBC Middle East Raises $400m Through Five-Year Bond Sale

The issue, arranged solely by HSBC, priced at a coupon of 2.75 per cent, with a reoffer price of 99.824.

Ebola Cases Could Reach 550,000 To 1.4m By Late Jan

The current death toll is at least 2,811 out of the reported 5,864 cases, according to the WHO.

UAE, Saudi, Bahrain Confirm Role In Strikes Against Islamic State In Syria

A sources said said the Saudis had sent four F-16 fighter jets, the UAE contributed four warplanes, Bahrain two and Qatar a Mirage jet.

Obama Pledges To Fight, Build Coalition Islamic State In Syria

Obama said the strength of the coalition that took part in Tuesday’s air campaign shows the fight against such militants is not America’s alone.

Obama To Address Airstrikes Against Islamic State -White House official

A White House official, speaking on background, said Obama will address the latest strategy to counter Islamic State in Syria.

Apple Sells Record 10m Units Of iPhone 6, iPhone 6 Plus In First Three Days

Last year, Apple sold nine million iPhone 5S and 5C models in 11 countries, including China, in the first weekend.

Saudi And UAE Join US In Launching First Strikes In Syria

The United States has been building a coalition to combat Islamic State, which has seized large areas in Iraq and Syria.

Air France Stalls Transavia Roll Out

Postponement of low-cost roll-out designed to placate pilots amid strike’s mounting costs

Alibaba IPO Breaks Record, Ranks As World’s Biggest At $25bn

The IPO surpassed the global record set by Agricultural Bank of China in 2010 when the bank raised $22.1 billion.

Kurds Issue New Call To Arms Against Islamic State In Syria

The Kurdistan Workers Party renewed a call for the youth of Turkey’s mostly Kurdish southeast to rise up and rush to save the frontier town of Kobani.

Dubai Bourse To Rise on Drake & Scull Contract Win

Stock markets around the world closed nearly flat on Friday but a major source of uncertainty is now gone after Scotland voted ‘No’.

Al Jazeera Countersues Al Gore Over $65m

Al Jazeera bought Current TV for an estimated $500 million in 2013 from Al Gore.

Kuwait Investment Authority To Expand Germany Investments

Kuwait has invested almost $18 billion in Germany.

Saudi Offers Cautious Support To US In Battle Against Islamic State

The Saudi leadership remains mistrustful of U.S. President Barack Obama after a series of disagreements following the Arab Spring.