HSBC Bank Oman Completes Sale Of India Assets To Doha Bank

Shareholders of Doha Bank, Qatar’s fifth-largest lender by assets, approved the purchase in December 2014.

Regulators Urge EU Airlines To Avoid Yemen Airspace

The move came as Yemen’s own national carrier, Yemenia, confirmed it was suspending all operations.

Obama Ends Freeze On U.S. Military Aid To Egypt

Obama directed the release of 12 Lockheed Martin F-16 aircraft, 20 Boeing Harpoon missiles, and up to 125 M1A1 Abrams tank kits to Egypt.

Rwanda Signs Deal With UAE-Based Company For Water Treatment Plant

Under a public-private partnership arrangement lasting 27 years, water will be taken from the Nyabarongo River and treated for use in the capital Kigali.

GCC States Move Towards Introducing VAT

A legal team has been assigned to build a framework by May this year for the eventual introduction of VAT in the region.

Fear And Anger In Sanaa Over Saudi-Led Strikes

A local rights organisation said 29 civilians were killed in one strike near the airport on the first day of the offensive.

Iran Says Could Cooperate With Saudi To Solve Yemen Crisis

Iran’s deputy foreign minister Hossein Amir Abdollahian said that Tehran has a proposal to end the conflict in Yemen.

Yemen Minister Calls For Arab Ground Push “As Soon As Possible”

A Saudi-led coalition has bombed Iran-allied Houthi fighters and army units fighting against President Abd-Rabbu Mansour Hadi.

Saudi Arabia Says Military Push Will Last Until Yemen Stable

Saudi Arabia, along with a coalition of Gulf states, is conducting airstrikes against Houthi rebels in Yemen.

Saudi-Led Strikes Again Hit Yemen Overnight

The strike are aimed at stopping the Houthis from taking more territory and pressing them to negotiate a power-sharing deal with President Abd-Rabbu Mansour Hadi.

Global FDI Flows Fall 8% In 2014 As Economic Growth Falters

Foreign direct investment (FDI) to the UAE, which although grew 25 per cent in 2014, did not reach the estimated amount of $14.4 billion.

Air Strike Kills At Least 40 At Yemen Camp For Displaced

Yemen’s state news agency Saba, which is under the control of the Houthis, said the camp at Haradh was hit by Saudi planes.

Turkish Airlines Flight Diverts To Casablanca After Bomb Threat

Flight TK15 had departed from Istanbul and was headed for Sao Paulo when a note with the word “bomb” was found in the lavatory.

Saudi King Says Open To A Meeting Of All Yemeni Political Parties

The conditions for the talks would include returning weapons to state authorities and not threatening the security of Yemen’s neighbours.

Qatari Investors To Pay $5bn For 49% Shandong Dongming Petchem Stake

The cash will be used to finance a number of projects that Shandong is currently working on.

Etihad Makes Entry Into Spain

Spanish capital is now served by all three major Gulf airlines

Pakistan Defence Team Heads To Saudi To Discuss Support

Pakistan, an ally of Saudi Arabia, has yet to commit itself publicly to military support to Riyadh’s campaign in Yemen.

Bahrain’s Mumtalakat, Investcorp Acquire Private School Network In US

Nobel Learning, which operates 176 schools across 18 states, was acquired from Leeds Equity Partners for an undisclosed sum.

Warplanes Hit Yemen’s Sanaa Overnight, After Dawn – Residents

Saudi and nine other Sunni Muslim countries commenced air strikes against the Shi’ite Houthi militia on March 26.

Yemen Strikes Will Continue Until Hadi Can Rule -Saudi

An official said that strikes had succeeded in stopping the Houthi advance on Aden and in putting pressure on the group across the country.

Egypt Lists Top Brotherhood Leader, 17 Others As Terrorists

The Brotherhood’s General Guide Mohamed Badie and Khairat El-Shater were listed alongside other members of the group’s leadership, state news agency said.

Air Canada Flight Slides Off Halifax Runway, 23 Injured

The Airbus A320 flying from Toronto was carrying 133 passengers and five crew members.

Putin Letter To Arab Summit Triggers Strong Saudi Attack

Saudi Foreign Minister Prince Saud al-Faisal has accused Russian President Vladimir Putin of hypocrisy.

Alitalia Starting Venice-Abu Dhabi Flights

New route opens up Venice to global markets and is supported by new triple-daily flights from Milan

Fighting, Airstrikes Throughout Yemen As Dialogue Remains Distant

Saudi-led coalition warplanes struck military targets at airports in the capital Sanaa and in Hodeida, the main Red Sea port.

Saudi-Led Air Strikes On Yemen Kill 35 – Health Ministry

The victims were in the provinces of Sanaa, Saada and Hodeidah, an official in the Houthi-controlled health ministry said.

Arab Summit To Announce Unified Force To Counter Security Threats

The draft resolution identified the military force as voluntary, meaning no state would be required to take part.

CEO Of Bank of London and The Middle East To Resign In June

Humphrey Percy, who has served as CEO since August 2006, will also step down as a board member of the bank, BLME said.

Dubai’s Majid Al Futtaim Rules Out IPO, Plans Egypt, Saudi Expansion

The Dubai-based conglomerate will open its first Magic Planet In Saudi Arabia this year.

Rising Costs Facing Mideast Firms In Fight Against Financial Crime

Many companies polled said that compliance costs had surged by more than 50 per cent over the last two years.