Top Mega Trends In The Middle East

Increased social networking and infrastructure development are among the factors that will drive future growth, says study.

NBAD Signs Refinancing Deal With Paris’ Prince de Galles Hotel

The Abu Dhabi lender is refinancing the renovation of the Parisian five-star hotel that is scheduled to re-open in May 2013.

German Firm Wins Contract To Supply Tanks To Qatar

Arms exports are a sensitive issue in Germany given the role arms makers like Krupp played in fuelling 19th and 20th century wars.

Pakistan Bears Brunt Of Iran Earthquake, 35 Killed

Earthquake measuring 7.8 magnitude rocked the Middle East on Tuesday, a week after previous earthquake.

Saudi King Condemns Boston Bombs As “Shameful, Terrorist” Acts

Saudi Arabia, the world’s top oil exporter and birthplace of Islam, is a key regional U.S. ally.

Qatar Rejects Criticism For Supporting Syria Rebels

Prime Minister Sheikh Hamad bin Jassim al-Thani was speaking during a conference in Berlin.

Twitter Users In Dubai Earthquake Frenzy

Social media users across the GCC reported their ‘experiences’ of a second earthquake in eight days.

Major Earthquake In Iran, Shocks Felt In Dubai

A major 7.8 magnitude earthquake rocked Iran on Tuesday.

After Gold’s Dramatic Fall, What Next?

Prices of the precious metal have witnessed a decline of more than 20 per cent so far this year.

Brent Drops Below $100 For First Time Since July

Recent weak data from China and the United States has caused concern about oil demand.

Qatar, Exxon Sign MoU On U.S. Natural Gas

Both companies are involved in LNG projects in Qatar and have shared interests in LNG terminals in the UK, Italy and the US.

Goldman Sachs Middle East Senior Banker Resigns

Khaled Eldabag, a Dubai-based managing director, had clients including Abu Dhabi investment fund Mubadala.

Pegasus Airlines To Float IPO Stake This Week

The stake will be split between domestic, qualified and foreign institutional and individual investors.

Qatar, UK’s Centrica Buy $987m Of Gas Assets In Canada

The deal is the first joint investment by Qatar Petroleum International and Britain’s biggest energy supplier.

GCC States Meet Over Iran Nuclear Radiation Fears

A 6.3-magnitude earthquake struck close to Iran’s only nuclear power station last week, causing fears of a radiation leak.

What’s Next For Global Markets?

As the US dollar and equities strengthen the bond market is over-valued, says Matein Khalid, fund manager in a royal investment office.

Gulf Tinkers With Energy Waste, Neglects Basic Causes

Energy consumption in the Middle East has outpaced gross domestic product growth, according to the World Energy Council.

Qatar Airways’ new Chicago Flights ‘worth $200m annually’

City of Chicago Mayor Rahm Emanuel said the service will generate more than $200 million in economic benefits annually

UK Property Developers Woo ME Buyers

New exhibition in Dubai to feature luxury London properties that are not yet marketed even in the UK.

Emirates Starting Stockholm Flights

Emirates targets growing bilateral trade links and outbound Swedish leisure traffic

Serbia Hints Etihad May Invest In JAT Airline Next Week

Abu Dhabi-based Etihad is mulling the acquisition of a 49 per cent stake in the indebted Serbian airline.

Bill Clinton: Dubai In “Strong Position” To Win Expo 2020 Bid

The former US President says the emirate’s model of “shared prosperity” is an inspiration for the Middle East.

Mashreq Sues ING Over Losses Tied To ‘Roach Motel’ Debt

The Dubai-based lender is accusing Netherlands-based ING of losing 40 per cent of a $108 million investment.

Gold Near One Week Low On Strong Shares

Gold had dropped $4.35 an ounce to $1,553.79 by 0037 GMT, after hitting its lowest since April 5 at $1,553.10.

Etihad’s Jet Stake Deal Delayed Until August

The Abu Dhabi-based carrier is eyeing up a 24 per cent stake in the Indian airline, valued at around $330 million.

Spring GITEX Shopper Offers Glimpse Of Main Event

The shorter GITEX technology event in March indicated 2013 will be dominated by tablet computers, mobiles and accessories.

GCC Pharmaceutical Market To Pass $10bn By 2020

The GCC is home to some of the highest levels of lifestyle disease including diabetes and heart disease.

Qatar Throws Egypt $3bn Lifeline Amid IMF Talks

The gas-rich Gulf state has already provided Cairo with $5 billion in loans and grants since Egypt’s Islamist President Mohamed Mursi was elected last year.

Gulf Capital Unit Buys Stake In Turkish Diagnostic Firm

Techno Group Investment Holdings bought a 75 per cent stake in Turkish firm Dogu Tip for an undisclosed sum.

37 Dead In Iran Earthquake, 850 Injured

The 6.3 magnitude quake totally destroyed one village, but the nearby Bushehr nuclear plant was undamaged.