India’s New PM Modi Is Twitter’s 4th Most Followed World Leader

US President Barack Obama remains the most followed world leader on the social networking site, finds new study.

Airbus Plans To Revamp A330 With Rolls-Royce Engines

General Electric – the main alternative A330 engine supplier – is reportedly no longer in the running for the $2 billion “A330neo” revamp.

Bahrain’s Invescorp Walks Away From Cavalli Deal Over High Valuation

Italian designer Roberto Cavalli was hoping to receive a 450-million-euro ($612 million) offer from Investcorp by a June 30 deadline.

Saudi Suspects MERS Virus May Have Come from African Camel Imports

More than 700 people in Saudi Arabia have contracted the virus and 292 of them have died from it.

Experts Call For Better Regulation Of GCC Stocks Post Arabtec Saga

Arabtec debacle on the stock market reveals the crack among bourse regulations in the Gulf

Global Cruise Giants Eye Gulf Markets

Apart from being an attractive cruise destination, the Gulf is also rapidly becoming a source market for cruise tourism, experts say.

It’s Asian Bonds, Not Equities, That Are Too Rich

The tricky part for investors is to precisely time their exit from bonds.

UAE-based Just Falafel Opens Its First Toronto Outlet

The store is part of the company’s expansion drive in the American continent.

Exclusive: Tonino Lamborghini Plots GCC Hotel And Retail Expansion

The luxury Italian brand’s plans include flagship stores and more than one regional hotel.

Qatar’s Katara Hospitality Goes On InterCon Buying Spree

Qatar company teams up with IHG for first time and will invest in key European hotels to bring them back to their full glory

Egypt-Saudi Company To Invest $245m In Housing Units

Egyptian state news agency MENA said Saudi would inject $124 million dollars into the Saudi Egyptian Construction Company (SECON).

Google Plans TVs, Cars And Watches Beyond Smartphones

Google’s free Android software runs on more than three out of every four smartphones sold globally.

Kerry To Visit Saudi Arabia On Friday To Discuss Iraq and Syria

The U.S. Secretary of State will most likely meet the Saudi monarch in Jeddah.

Middle East Sovereigns Eye Emerging Markets For New Capital Inflow

Sovereign investors in the Middle East continue to favour alternative investments with allocations increasing across real estate and private equity.

Samena Capital To Invest In Two Middle East Deals Post RAK Ceramics Buy

The investment firm is looking at six deals in total in the Middle East, out of which it expects to close two of them soon.

Etihad Agrees On Principal Terms To Buy 49% Of Alitalia

The two carriers have been in talks since December, but a deal has so far been elusive.

OPEC Secretary General Says No Shortage Of Oil

Currently, the market is well-supplied and prices above $114 a barrel are the result of market nervousness, OPEC Secretary General Abdullah al-Badri said.

New $5bn Islamic Aircraft Leasing Fund Launched; Will Target GCC

ALIF Fund will be managed by the International Airfinance Corporation with Airbus and IDB as investors and partners.

Egypt’s President Says Will Not Interfere In Judicial Rulings

Egypt was widely criticised by rights groups and Western governments after it sentenced three Al Jazeera journalists to prison for seven years.

France Wins $2.7bn Qatar Tram Deal, Discusses Rafale Jets

The deal will see the light rail system starting to operate in 2018-20 in Lusail City.

UAE’s Gulftainer To Operate New Cargo Terminal In Florida

Gulftainer will invest up to $100 million in equipment and employees to operate a container and cargo terminal at Port Canaveral.

Parents Of Australian Journalist Jailed In Egypt “Shattered”

Peter Greste is one of three Al Jazeera journalists jailed for seven years each by an Egyptian judge.

Portugal Records 140% Rise In UAE Tourist Numbers

The increase in tourism numbers was spurred by the launch of a daily Emirates flight route to Lisbon back in July 2012.

Egyptian Verdict Due For Three Jailed Al Jazeera Journalists

All three have been held at Egypt’s notorious Tora Prison for six months, in a case that has drawn criticism from Western governments and human rights groups.

Restaurant Chain Just Falafel Signs Deal For 10 More US Outlets

The fast food chain will open restaurants in the Texan cities of Houston and Austin, as part of its expansion.

UAE Businessman Khalaf Al Habtoor Buys Intercontinental Budapest Hotel

The acquisition is Al Habtoor’s second hotel in the Hungarian capital.

Jaguar Land Rover MENA To Add 24 Dealerships By 2017

The company is looking to step up its investment in the region through launch of new facilities and a training academy, a senior executive said.

Khamenei Says Iran Strongly Opposes US Intervention In Iraq

Khamenei added in remarks to judiciary officials that Washington aimed to keep Iraq under its control and place its own stooges in power.

Renegade General Urges Turks, Qataris To Leave East Libya

Turkey and Qatar both have supported the Muslim Brotherhood, an Islamist movement which has been declared a “terrorist” organisation by Egypt and Gulf countries.

Sunni Militants Seize Three Towns In Iraq’s Anbar -Sources

ISIL seized Rawa, Ana and Rutba after army troops withdrew from these towns, a senior official said.