News


News from the MENA region


Rezidor inks deal to expand Saudi hotel portfolio

Hotel giant signs long-term agreement with Al Hokair Group to operate about 30 properties in kingdom


Qatar Airways say to launch A380 to Bangkok in early 2015

Doha-based carrier says superjumbo will start ops to holiday hotspot from January 5


Dubai’s DED, TECOM ink deal to attract Design District investment

Two entities to form teams and strategies to attract retailers, designers and entrepreneurs to d3 project


Emirates exec says airline will not deviate from growth plan

Dubai carrier will continue expansion in spite of challenges posed by political instability, African health issues and oil price volatility


UAE credit bureau chief urges greater GCC collaboration

Marwan Ahmad Lutfi calls for strengthening communication, collaboration to improve approach to credit risk


Alex Ferguson, James Hogan to appear at AB conference

Gaza ‘hero’ doctor David Notts also confirmed for Arabian Business event in Dubai on November 11


Saudi’s SABIC says won’t expand petchems venture with Shell

Petrochemical giant says results of feasibility studies into Saudi joint venture were not encouraging


Boosting a customer’s credit card limit without consent is "foolhardy", says Dubai banker

Mashreq Bank claims it holds quarterly examinations to ensure sales staff don’t mis-sell


UAE cooling firm Tabreed posts 28% rise in Q3 net profit

Tabreed improved its operational efficiencies and cut finance costs during the quarter, says chief executive


Qatar withdraws ‘un-halal’ US meat products from shelves

Authorities claim the products have breached halal standards, also preventing customs clearance


Dubai airport Ebola suspect tests negative, leaves country

Ministry of Health says passenger was quarantined for a few days after arriving from Liberia with symptoms


Kuwait’s Jazeera posts best quarterly performance in history

Airline announces net profit of $28m in Q3 while number of passengers flown rises by more than 10%


Saudi Arabia jails 13 over plot to attack US soldiers

Saudi court sentences suspected members of al Qaeda cell for plot to attack soldiers in Qatar and Kuwait


Dubai’s Deyaar says Q3 net profit almost doubles

Developer says performance was boosted by robust property sales and delivery during third quarter


Ooredoo Kuwait Q3 net profit falls by nearly half

Country’s No 3 telecom operator by subscribers says it made $27.3m in three months to September 30


Qatar Airways picks Frankfurt route for A350 debut

Airbus is set to delivery first A350 to global launch operator by the end of this year


Saudi Arabia steps up beheadings; some see political message

Sudden surge in executions in the last two months has coincided with a US-led bombing campaign against IS


Qatar’s largest Islamic lender posts 16% rise in nine-month net profit

Masraf Al Rayan says it made $384m net profit in the year to September 30


Qatar’s QIB sees 12% jump in nine-month net profit

Qatar Islamic Bank says it made $300m net profit for the year to September 30


Dubai’s Aramex aiming for two acquisitions in 2015

Founder Fadi Ghandour says logistics company is going to be ‘more aggressive’ next year


Saudi’s MMG says board approves recovery plan

Contractor Mohammad Al-Mojil Group to use most of its existing capital base to pay off debts


Qatar Airways’ first A350 completes maiden test flight

Doha-based airline is scheduled to take delivery of its first A350-900 before the end of the year


Gulf Capital’s $750m fund to invest in 10-12 firms

Abu Dhabi-based buyout firm launches its third private equity fund after 92% of second fund was invested


UAE launches new national innovation strategy

Sheikh Mohammed bin Rashid Al Maktoum announces plan for new legislation, incentives, investment global research partnerships


Kuwait’s Burgan Bank plans $74m rights issue

Kuwait’s third-largest lender by assets says to launch rights issue by the end of 2014


Golden Tulip inks deal to operate new RAK hotel

Hotelier says agreement signed to add three-star property to its portfolio in Ras Al Khaimah


UAE’s Hakkasan set to launch new Las Vegas nightclub

Abu Dhabi-owned hospitality firm to open Omnia concept at Caesars Palace in spring 2015


BMW says nine-month Middle East sales up by 21%

German car giant on track for ‘record-breaking year’ after delivering 22,786 vehicles in first nine months


Qatar Airways plans London A380 expansion in December

Doha carrier says it will launch second superjumbo on Heathrow route later this year


UAE plans upgrade to construction site drones

Ministry of Labour inks deal with Higher Colleges of Technology to improve drones used to inspect sites for laboour violations


Dubai’s dnata gets nod to buy UK travel company

Air services provider says it has received regulatory approval for its purchase of Stella Travel Services


Revealed: The countries the ISIL militants come from

Thousands from Saudi Arabia and Morocco have flown to Syria to join the fight – report


Dubai’s EIAST says KhalifaSat design is completed

Emirates Institution for Advanced Science and Technology plans to launch satellite designed and built by Emiratis in 2017


Construction billionaire Said Khoury dies, aged 91

Palestinian who founded Consolidated Contractors International Co was ranked 10th in latest Arabian Business rich list


du to provide WiFi services on new Dubai tram system

Telco signs agreement with Dubai’s transport authority; will also cover 47 stations on metro


Saudi British Bank posts 25% rise in Q3 net profit

Kingdom’s fifth-largest listed lender by assets says it made profit of $282m in three months to Sept 30


GCC plans to create joint naval force

Kuwaiti defence official says the force would operate similar to the existing Peninsula Shield


Kuwait says oil output will be unaffected by falling prices

Kuwait Oil Company chief says continuing plans to raise production; intends to spend $42bn over five years


Top 10: Dubai’s best party boats


Dubai police now able to issue search and arrest warrant in less than 10 mins

Dubai Public Prosecution roll out new technology for cases against drug dealer or smugglers


Bahrain activist detained for seven days, says lawyer

Pro-democracy campaigner Zainab al-Khawaja is accused of insulting King Hamad by tearing up his picture


Revealed: The cheapest way to fly to Manila

Arabian Business compares flight prices on offer for the Christmas holidays


Saudi’s Al Rajhi Bank posts fifth straight quarterly profit drop

Saudi Arabia’s largest listed lender reports 3.2% fall in third-quarter net profit, missing analysts’ forecasts


What’s the point?

Surveys and reports that are blatantly obvious are a waste of everyone’s time, says Shane McGinley


Revealed: Vogue Fashion Dubai Experience 2014 calendar

The three day showcase puts the spotlight on 28 designers


US and "wicked" UK gov’t created ISIL, says Iran leader

Criticism by Ayatollah Ali Khamenei suggests working with West against ISIL is far off