Ex-Arabtec CEO said to plan sale of remaining stake

Ex-Arabtec CEO said to plan sale of remaining stake

Source says Hasan Ismaik will only offload the shares, worth around $540m, if he is paid at least AED5 per share

Kuwait court cuts insider trading fine against Al Ahli Bank chairman

Kuwait court cuts insider trading fine against Al Ahli Bank chairman

COurt of Appeal reduces penalty imposed on Ahmed Yousef Behbehani to $343,500

Abraaj raises Bisco Misr offer after Kellogg counter bid

Abraaj raises Bisco Misr offer after Kellogg counter bid

Dubai-based private equity firm is seeking to take over Egyptian cake and biscuit marker

UAE minister says no need to panic after oil price slump

UAE minister says no need to panic after oil price slump

Oil minister Mohammed al-Mazroui agrees with Saudi Arabia that the market will 'fix itself ultimately'

HSBC to refund UAE, Bahrain, Oman customers for excessive fees

HSBC to refund UAE, Bahrain, Oman customers for excessive fees

Banking giant says it is taking action after charging excessive foreign currency fees on debit and credit card transactions

Doha expats paying 'considerably' more for rent than they can afford

Doha expats paying 'considerably' more for rent than they can afford

Average Doha expat is forking out 34% of their salary on housing due to the city’s huge undersupply - Colliers

Qatar Airways to sponsor new Premier Tennis League

Qatar Airways to sponsor new Premier Tennis League

Doha carrier teams up with new league which kicks off later this week; features top names like Federer, Djokavic and Murray

Kuwait's Mabanee to invest $910m in mall extension

Kuwait's Mabanee to invest $910m in mall extension

Real estate firm announces plan for fourth phase of its The Avenues mall development

New delays said to hit Saudi Aramco's Jizan refinery

New delays said to hit Saudi Aramco's Jizan refinery

Industry sources say contract disagreement with South Korean builders is delaying refinery construction

Abu Dhabi Int'l posts 17% rise in October passenger traffic

Abu Dhabi Int'l posts 17% rise in October passenger traffic

Airport operator says 1.68m passengers used hub; cargo activity also rises by 16% last month


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