Dubai’s Arabtec Expands, Opens New Headquarters In Belgrade

The new office will help the company expand its presence in the wider Balkan region.

BAE Systems Says Making Progress On Saudi Price Talks

BAE lost a potential $10 billion deal to sell 60 Eurofighter jets to the UAE late last year.

Middle East CEOs’ Confidence Rises Sharply In 2014

Middle East CEOs are the most confident globally about short-term revenue growth in 2014.

UK Offers Support To Qatar For 2022

Ambassador Nicholas Hopton dismissed criticism Qatar has faced in preparation for hosting the event.

Etihad Announces Codeshare With New York’s JetBlue Airways

Etihad will codeshare on 40 JetBlue routes within the U.S. with further codeshares planned for later in the year.

Abraaj Group Acquires Majority Stake In Turkish Dairy Firm

Abraaj’s investment will help Yörsan Group grow both domestically and internationally.

Renault Middle East Sales Up 19%

The French car company sold over 55,000 units in the region with the UAE recording the biggest increase.

Egypt Tourism Revenues Down 41% In 2013 Vs 2012

Egypt’s tourism sector has shrivelled since former president Hosni Mubarak was toppled by a popular uprising in 2011.

UAE, Denmark Sign MoU To Advance Sustainability

Frederik, Crown Prince of Denmark, commended the UAE for embracing renewable energy.

Rolls-Royce Launches Limited Edition Ghost V-Specification

Interested customers in the GCC can commission the limited edition model between January and June 2014.

Exclusive: Just Falafel Eyeing Asian And European Expansion

Fast food chain plots Asian and European expansion on top of openings in UK and North America.

Arabtec Wins Dhs5.7bn Contract In Jordan

The project is an integrated entertainment, hospitality and leisure development and is expected to boost Jordan’s tourism industry.

MENA To Invest $50bn In Solar Power Sector By 2020

The contribution of solar power towards the region’s energy mix is forecast to shift significantly in the coming years, says new report.

World powers, Iran To Activate Landmark Nuclear Deal After IAEA Nod

If Iran meets its end of the agreement, the European Union and the US will suspend some economic sanctions in return.

UAE Plans Renewable Energy Projects In Five Pacific Nations

Fiji, Kiribati, Samoa, Tuvalu and Vanuatu will receive grants from the UAE’s $50m renewable energy fund.

Gulf Finance House To Sell 75% In Leeds United, Retain 10% Stake

GFH, which bought the second-tier club in 2012, said it had agreed to sell the stake to a consortium of British investors.

Saudi Oil Min Says U.S. Shale Oil Helps Keep Oil Markets Stable

Shale oil remains much more costly to produce than most Middle East crude.

Different Arab money

Middle East Investment Banking Fees Up 20% In 2013

Total fees rose to $722 million in 2013, the highest since 2010.

Middle East Professionals Consider Flexible Working Vital

A study has shown 71 per cent believe flexible working improves staff retention.

Shell And UAE’s Mubadala Swap Malaysian Offshore Field Stakes

Mubadala has taken a 20 per cent interest in Block 2B and Shell has taken a 20 per cent interest in Block SK320.

Chronic Wealth Gap Biggest Global Risk – WEF

A World Economic Forum report finds the gap between incomes is the biggest global risk, followed by extreme weather and unemployment.

Investcorp Sells UK-based TDX Group to Equifax for $327m

TDX is the UK’s largest debt placement services and debt management platform company.

Israeli Minister To Lead Delegation To Abu Dhabi Energy Summit

The Israeli delegation will be the first at government level to visit the UAE since the assassination of Mahmoud al-Mabhouh in Dubai.

OPEC Outages Cut Its Oil Output To Below 2014 Demand

OPEC sees fast growth in 2014 of 3.5 per cent, up from 2.9 per cent in 2013 as monetary stimulus continues.

MENA Green Energy On The Rise

With local energy demand surging, green power is rapidly gaining traction.

Top 10 Safest Airlines In The World

Nervous flyer? Fear no more. Fly with one of these airlines to (almost) guarantee your safety.

Jaguar Land Rover MENA Up 46% In Record Year

Land Rover sales in the region were up 49 per cent on the previous year while Jaguar saw a rise of 30 per cent.

Qatar’s Masraf Al Rayan Buys Islamic Bank Of Britain

IBB was majority-owned by another Qatari lender, Qatar International Islamic Bank.

Middle East Faces Oil Challenges From Shale And Within – BP

Middle East energy use will grow by 77 per cent by 2035, double the increase in production.

MENA IPOs Raise $726.2m In Q4 2013

IPOs in the MENA region recorded a 133 per cent increase in terms of volume and 114 per cent increase in terms of value compared to Q4 2012.