News


News from the MENA region


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


UAE Haj pilgrims scammed by unauthorised company

$680,000 paid to company for fake permits


UAE fishermen appear in court in Iran for trespassing

Eight Emiratis, Asian crew claim they accidentally wandered into Iranian waters


Saudi telco Mobily names Etisalat’s Okandan as deputy CEO

Serkan Okandan will also remain as finance head of Etisalat


US, Saudi Arabia hit militant targets in Syria

Airstrikes focused on ISIL units near Kobani, close to the Turkish border


Qatar pledges $1bn to rebuild Gaza

Part of a series of donations announced at a conference in Cairo


UAE to help finance Oman’s $200m wind farm project

Mega project will be coordinated by Masdar and financed by a grant from the crown prince of Abu Dhabi


Half of UAE’s $13bn 2015 budget to be spent on social services

Health, education, and “meeting the needs of its citizens” will make up the bulk of federal expenditure next year


We have enough funds for all our projects, says DPG

Dubai Properties Group said it is not dependent on sales, all planned developments will go ahead


Cricket argument gets heated in Dubai labour camp

Vehicles set alight over row about Pakistan vs Australia cricket match


Etisalat in talks on sale of Sri Lankan unit

Several operators, including India’s Bharti Airtel, approach UAE’s largest telco over 100% stake purchased in 2010


Airbus says still plans to deliver first A350 to Qatar in Q4

European planemaker’s chief exec says he is aware that he is working for a ‘demanding’ customer


UAE earn draw against Australia’s Socceroos in Abu Dhabi

Asian Cup hosts Australia next play Qatar in a friendly in Doha on Tuesday


Egypt says $500m has been paid back to Qatar

Central bank governor says remainder of money deposited into the Egyptian central bank after the 2011 revolution will be returned soon


Etihad extends sponsorship of Sport Australia Hall of Fame

Abu Dhabi airline’s chief James Hogan says deal is ‘perfect fit’ with its own values of playing to win


F1′s Alonso signs up for cycling venture with MidEast firm

New venture to announce ‘exciting project’ with motor racing legend in the coming days


Rebuilding Gaza


Kuwait suspends trading in GFH shares over Leeds Utd sale

Bahrain-based firm says it will appeal the suspension for the non-disclosure of the intended sale of Leeds United FC


Three RAK hotel staff to face trial over girl’s drowning

Head of security at hotel among those being prosecuted after Russian girl drowned in swimming pool


Investcorp says exec chairman and CEO Kirdar to retire

Bahrain-based investment firm says Nemir Kirdar to retire on June 30, 2015 after over 30 years at helm