Different Arab money

Revealed: Western Expatriate Salaries In The Gulf

The Gulf Business 2015 Salary Survey found that salaries for Western expatriates in the GCC grew almost 10 per cent last year.

UN Warns Yemen Conflict Could Become Iraq-Libya-Syria Scenario

Violence has been spreading across the country since last year when Houthi militia seized the capital Sanaa.

Bahrain-Based Terra Sola To Build $3.5bn Solar Plant In Egypt

The project is expected to provide 2,000 megawatts of solar energy to Egypt.

Different Arab money

Apicorp Says Signs $950m Islamic Loan To Fund Investments

The bulk of the financing consisted of a $800 million Islamic loan of five years duration that was provided by five Saudi banks.

Stock News: Gulf Markets Mixed; Arabtec Dampens Dubai

Arabtec posted an unexpected Q4 loss of $25.7 million, blaming non-recurring general and administrative expenses.

US, UAE Move Forward On Space Cooperation

The two countries will focus on issues such as space policy and regulatory developments, space security and space science cooperation.

Airbus Increases A380 Seat Count To 544 Passengers

The increase from the previous layout of 525 seats relies on a denser cabin configuration using 11 seats in each economy row instead of the current 10.

Sri Lanka Says Rajapaksa Officials Stashed Over $2bn In Dubai

The funds represented about of fifth of the total amount of so-called ‘black money’ that the authorities suspect was illicitly stashed abroad.

Major Dubai Fund Sees Upside In Gulf Markets Despite Oil Price Drop

Daman Fifth caters mostly to rich individuals, family investment offices and institutional investors from within the Gulf.

OPEC’s Gulf Core Steels For Longer Wait, Lower Prices In Shale Struggle

Actual oil output from the United States could prove harder to beat back, sources say.

Thales Eyes Local Mega Rail Deals In Gulf

The firm is bidding for the second phase of Etihad Rail project, a senior official said.

Egyptian Court Adjourns Trial Of Al Jazeera Journalists To March 25

Mohamed Fahmy, a naturalised Canadian who has given up his Egyptian citizenship, and Egyptian Baher Mohamed were released on bail last month.

Yemeni President Forces Seize Aden Airport, Six People Dead

Abd-Rabbu Mansour Hadi’s troops deployed tanks and armoured vehicles against heavily armed special forces loyal to former President Ali Abdullah Saleh.

Oil Falls To $55 As Kuwait Comments Refocus On Oversupply

Kuwait’s oil minister said on Thursday that OPEC had no choice but to keep output steady.

Etihad, Universal Unveil Fast & Furious Branded Boeing 777 Airplane

The luxury aircraft will be used to promote the upcoming action flick, ahead of its launch in April.

Majority Of UAE Filipinos Prefer Property Investment In Metro Manila – Survey

An increasing number of Filipinos in the UAE are opting to buy property in their home country.

EU Blames “Terrorist Organisations” For Tunisia Attack

The attack in Tunisia by unnamed gunmen killed 19 people and injured 17 others.

U.S. To Chart New Territory In Gulf Airline Subsidy Review

No international trade rules or precedent by the US exists for addressing airline subsidy claims, presenting a challenge for the administration, sources say.

Gunmen Storm Tunisian Museum, Kill 17 Foreign Tourists, Two Tunisians

Security forces are reportedly surrounding two militants who may have taken hostages in a nearby museum.

Abu Dhabi’s Mubadala Petroleum To Explore Big Morocco Offshore Area

The company has an exclusive licence to carry out a geological survey of the Mediterranee Ouestarea, which comprises 3,433 sqkm.

Lower Oil Prices Boosting Middle Eastern Real Estate Investment

There has been a direct correlation between the drop in oil price and applicants registering to buy residential property, according to Christie’s real estate arm.

Three Iraqis Dead In Explosion Near Kuwaiti Border

Police sources in Iraq said the victims were civilians who died in an explosion from a truck trailer.

WhatsApp can officially hide online status, announces rollout of Communities

WhatsApp Named MENA’s Most Popular Social Media Site

Around 41 per cent of social media users in the Arab world preferred to communicate via WhatsApp, a report says.

Emirates President Rebuts Resignation Claims

Speaking in Washington, he said discussions with US authorities had been “very constructive”.

Obama Administration Questions U.S. Airlines On Subsidy Claims -Source

The administration asked U.S. airline representatives about 20 questions in writing last week about their method in determining the subsidy allegations.

Kuwait Renews $1bn Jet Fuel, Gasoil Supply Deals With BP

The contracts that cover 2015 will see Kuwaiti jet fuel flow through the BP system to Dubai and several European Airports, KPC said.

US And Gulf Airlines Set To Clash At Aviation Summit Over Subsidy Row

Three U.S. airlines have accused their GCC competitors of receiving more than $40 billion in government subsidies, a charge which the latter deny.

UAE Chauffeur Car App Careem Acquires Moroccon Start-Up Taxiii

The new service, called Careem Morocco, will begin services on March 26 in Rabat and Casablanca.

Egypt, Arabtec To Sign Agreement On $40bn Housing Project Within 10 Days

The two parties differed over the percentage of completed units that Arabtec should deliver to Egypt in lieu of payment for land used in the project.

EU Chooses Italian Negotiator As EU Middle East Envoy

The EU has picked Fernando Gentilini, an official who has worked for NATO in Afghanistan, as the new envoy.