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Oman boosts oil production to record high in June

The sultanate is under pressure to pump more oil to make up for the drop in the price

Oil hits multi-month lows on record OPEC output

The lack of a plan by OPEC to make room for the return of more Iranian oil further fuelled supply worries

Dubai Metro sees 88m riders in H1 2015

Dubai Metro’s red line saw 55.7 million travellers in H1 2015 while the green line saw 32.4m million riders

Abu Dhabi Airport crosses 2m passenger mark in July

The airport saw a 17.2 per cent growth in passenger numbers during the first half of 2015

Flydubai: No small ambition

Six years after its launch, the low-cost carrier remains on an expansion spree and hopes to reach 100 destinations by 2016. Where is it heading?

Marka sees potential for three more Modell’s stores in the UAE – CEO

Marka recently bought Retailcorp, which owns Modell’s, from state-owned conglomerate Dubai World for $60m

Dubai airport traffic rises 16.7% in June

Traffic rose to 5.91 million passengers from 5.07 million the same time last year

Bahrain links explosives in Tuesday bombing to Iran

On Saturday, the government said it had foiled an explosives smuggling plot by two Bahrainis with ties to Iran

UAE gasoline price hike will not have a major impact on consumers – experts

The price of a litre of octane 95 gasoline will rise by 24 per cent to Dhs 2.14 at the start of August

Two Bahraini policemen killed in bombing, Iran link probed

The bombing targeted policemen on duty in the Sitra area, the interior ministry said

Drake & Scull wins Dhs 281m deal for Kuwait education project

DSI will undertake mechanical, electrical and plumbing works for the educational institution, slated for completion in 2018

British man arrested in Abu Dhabi airport for “insulting the UAE”

The man was also accused of verbally abusing security officers at the airport

Iran’s foreign minister begins GCC, Iraq tour to defend nuclear deal

Mohammad Javad Zarif is visiting Kuwait and Qatar before heading to Iraq

Thousands sign petition against beach closure as Saudi king visits French Riviera

Section of public beach closed off as King Salman vacations at his villa in southern France

Kuwait’s Jazeera Airways restarts flights to Egypt’s Assiut

Flights were stopped after Assiut’s airport closed for renovation in June 2014

IoT- big data’s next big step

The combination of big data and analytics with Internet of Things technology is creating possibilities that were previously only considered science fiction

Saudi Arabia says relations with Hamas have not changed after meeting

The kingdom has emphasised that Hamas delegation’s visit to Saudi Arabia was religious rather than political

Abu Dhabi wins bid to host 2020 world swimming championship

The UAE capital beat rivals Lima and Almaty to win the bid

Dubai’s Emaar says committed to India, still part of MGF joint venture

Media reports in India quoted sources as saying Emaar was close to ending its decade-old joint venture with MGF Developments

Emirates to launch flights to Bamako in Mali

The service to Bamako will help Emirates improve its connectivity in Africa, the airline said

Five Czechs missing in Lebanon possibly kidnapped – foreign minister

Their abandoned vehicle was found near Kefraya in eastern Lebanon

Saudi Arabia considers its own nuclear options after Iran deal

Some Saudis close to the ruling family have warned that if Iran still manages to weaponise its nuclear programme, then the kingdom will have to follow suit

Abu Dhabi’s TDIC confirms worker died at Louvre museum site

Officials said the worker’s death in June was the first fatality that happened on site

Record Saudi oil inventory seen tied to new refinery, not global glut

The kingdom’s domestic crude oil inventories jumped to a record above 300 million barrels in May

R Hotels plans new Dhs 150m hotel in Ajman Corniche

Construction on the 182-key hotel is slated to begin in Q3 2015 with the opening scheduled for Q1 2017

Iran’s Rouhani speaks to Qatar ruler after nuclear deal

Rouhani said he expects the nuclear deal to improve relations with its neighbours

Saudi bond issues to soar as government plugs deficit

Bankers expect heavy issuance in coming months that could change banks’ balance sheets and eventually help to create an active domestic bond market

Iran needs time and favourable conditions to boost oil output

A substantial increase in Iran’s oil exports is probably years away, writes Reuters’ analyst John Kemp

US software firm Citrix woos investors by sharpening focus on cloud and security

After less than satisfactory first quarter earnings and a restructuring, Citrix is looking to cash in on demand for mobility solutions

Eid Al Fitr confirmed on Friday in UAE

Eid al-Fitr holidays for private sector workers in the UAE will be on Friday and Saturday