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News from the MENA region
Kuwait’s Burgan buys stake in Turkish bank
Sources say Burgan Bank reaches deal to buy 70% stake in Eurobank Tekfen
Big names pull out of Dubai tennis event
World No.1 Victoria Azarenka becomes the latest star to withdraw through injury
Etisalat’s Indian JV to shut down operations
Move comes after country’s top court ordered telecom licence to be revoked in 4 months
Batelco eyes double digit profit growth in 2012
Bahrain telco says performance will be boosted by sale of stake in Indian affiliate S Tel
Oman eyes 30 locations for tourism growth
Studies part of country’s plans to attract 12 million visitors per year by end of decade
Bahrain’s Gulf Air says Oman owes it $310m
Airline says it is in talks to recover sum due after Oman pulled out of carrier in 2007
UAE telco Etisalat said to seek $2bn loan
Telecom operator looking for loan for general corporate purposes, say bankers
Qatar’s QFIB plans to list by year-end
Qatar First Investment Bank also says it wants to raise $250m facility during H1
No plans to cut taxis after Dubai Metro success
RTA says it wants to provide a variety of options for business travellers and tourists
UAE starts to remove Coca-Cola, Pepsi cans
Consumer protection chief says shops face penalties if they continue to sell 300ml cans
Etisalat eyes restructuring to cut costs
UAE telecom operator says board has discussed restructuring, outsourcing options
Bahrain’s Gulf Air adds flights to Saudi Arabia
Airline to add four extra flights to Jeddah, seven flights to Riyadh amid rising demand
Qatar inks deal for US powerboat title tilt
Qatar Marine Sports Federation signs agreement to build ‘ultimate’ racing boat
Brazilian, Gulf firms sign $65.3m deals
Trade mission sees agreements signed in Dubai, Doha and Riyadh, says Apex-Brasil
Dates revealed for Doha 2020 Olympics bid
Bid team says Games would be held from Oct 2-18 to avoid searing summer temperatures
UAE, Oman set for new shopping mall openings
Fujairah City Centre, Muscat Grand Mall to open doors in next few weeks, say developers
11.8m riders so far on Dubai Metro Green Line
Transport official reveals passenger numbers since Green Line launch in September
Dubai hospitals given deadline to meet global standards
Dubai Health Authority says 10% of hospitals currently in danger of being penalised
Sheikh Hamdan’s top jockey to retire
Richard Hills announces plan to retire after Dubai World Cup night on March 31
Saudi developer plans to repay $986m this year
Dar Al Arkan’s chief financial officer reveals debt repayment plans for 2012
Gulf aluminium industry: Bright future
Aluminium in the region is a $30bn industry. Could it hit $44bn in the next ten years?
Palm Jumeirah: Frond N project
New $80m project keeps development moving on Nakheel’s iconic property development
Kuwait’s retail sector: Trend setting
Kuwait’s retail sector is booming, and retailers are cashing in. Arabian Business takes a closer look
Stefano Riccardi interview: Out of Africa
What does the driving force behind the burgeoning CKR Consulting empire have in store for 2012?
Qatar 2022: Dig deep
Construction consultants on the opportunities posed by the 2022 World Cup build-up
US man uses Dubai for Iran computer scam
Massoud Habibion pleads guilty of illegally exporting computers through Dubai to Iran
Bahrain banks end plans for $4.5bn merger
Bahrain Islamic Bank, Al Salam Bank end talks after failing to reach an agreement
Nakheel chief slams service fee dodgers
Acting CEO Sanjay Manchanda says Palm Shoreline defaulters are damaging Dubai’s reputation
Dubai will ‘prove everybody wrong’ over debt
Senior Dubai official says he expects key firms to refinance debt without gov’t help this year
MENA oil producers may fall short on $100bn plan
Energy lender Apicorp says $100bn a year investment target set by IEA may be missed
Qatar given 2020 Olympics boost
Surprise departure of Rome’s bid puts spotlight on Middle East candidate
Assad forces launch attack on Deraa
Troops begin offensive day after claims of referendum and elections