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Emirates Credit Information Company has become the official body for providing credit information services in Dubai. Dubai Financial Market has appointed Abdul Jalil Yousef as chairman. Rashid Al-Shamsi has been appointed vice-chairman.

Cheney’s surprise visit; Marriages; Meetings; No new Mecca airport

MPs under pressure from constituents to secure loan bailouts are susceptible to government lobbying on economic development and reform measures. Debate over a bailout for indebted Kuwaitis has given Prime Minister Sheikh Nasser Mohammed Al-Ahmed Al-Jaber Al-Sabah’s government unexpected leverage over

The First Investor (TFI) has said it will launch two $500m funds aimed at investing in Brazilian and Russian real estate. According to the UK’s The Financial Times, TFI will partner Gazprombank to launch a fund that will mostly focus on Moscow.

If Iran acquires an advanced, ‘double-digit’ surface-to-air missile (SAM) from Russia or China, the only aircraft capable of operating safely within its airspace would be the Lockheed Martin F-22 Raptor.

In an effort to counter Yemen’s reputation as the world’s most heavily armed country on a per capita basis, the Ministry of Interior on 15 April said the authorities had confiscated more than 600,000 weapons since August 2008

The Islamic Development Bank group’s International Islamic Trade Finance Corporation has signed a Dh73m ($19.8m) trade finance agreement

The Public Warehousing Company KSC (PWC), rebranded as Agility, on 15 April issued a statement to the Kuwait Stock Exchange (KSE) saying that the United States’ Defence Logistics Agency (DLA) had appointed another company to manage its main supply contract for Kuwait and Iraq.

The Council of Ulema has approved King Abdullah’s plans to codify sharia law, but Sahwa preachers are divided over an issue that could significantly reduce their power

Entekhab Industrial Group in mid-April was named as the buyer for Daewoo Electronics in a deal thought to be worth some $540m. Entekhab and Swedish firm Electrolux AB on 24 March were named top bidders for Daewoo Electronics,

Public tensions have died down following reports of a skirmish between Emirati and Saudi vessels that was blamed on a dispute over the route of the Dolphin pipeline which brings Qatari gas to the UAE

Oman Investment Fund (OIF) has become a foreign strategic partner of PetroVietnam Insurance (PVI). OIF’s Funderburk Lighthouse has acquired shares worth some $42.5m, representing 12.6%

Sheikh Hassan Al-Saffar, de facto leader of Saudi Arabia’s Shias, has in recent months made a special effort to position himself as a patriotic national loyalist, despite the Kingdom’s recent military intervention against Zaidi Shia Al-Houthi rebels in northern Yemen.

The World Bank has approved a $5m grant to expand access to water for poor households in peri-urban areas.

Doha has backtracked on proposals to scrap its visa-on-arrival scheme– which would have meant visitors from 33 countries having to apply in advance for a tourism or short-stay visa.