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Driving ahead: Zarooq Motors

A closer look at the UAE-based company seeking to carve its own niche in the supercar market

UAE’s Arada announces $6.5bn real estate project in Sharjah

Aljada is planned to accommodate 70,000 residents

Dubai’s DP World begins construction of $1bn Ecuador port

The Ecuadorian government awarded a 50-year concession to the company last year

Dubai’s DP World completes phase 2 north expansion of Canada terminal

The terminal’s capacity has been increased from 750,000 TEU to an approximate 1.35 million TEU annually

Etisalat announces free wifi in the UAE during Eid Al Adha

The free offer will be available from August 30 until September 9

Car review: Mercedes-AMG GT C Roadster

Damien Reid test drives the versatile new convertible by Mercedes – the AMG GT C Roadster

Sponsored: How to lead businesses during tough times in the GCC

Business leaders must be conscious about the way they manage operations in a new organisation

Dubai’s DP World reports flat half-year profit

DP World’s revenue for the first half increased 9.6 per cent to $2.29bn

Saudi wealth fund PIF hires head of domestic investments

Rashed Sharif was previously CEO of Riyad Bank’s investment banking arm

Saudi installing cranes at Yemen ports to boost aid delivery

The cranes are being installed at the ports of Aden, Mukalla and Al-Mokha

Iran meeting to decide fate of oil deal

Saudi crude oil exports fall slightly in June

Exports in June were 35,000 barrels per day (bpd) lower than the May level

Saudi to reopen Iraq land border for trade after 27 years – report

The crossing was closed in the wake of Saddam Hussein’s 1990 invasion of Kuwait

Emaar reports 14% net profit growth in Q2 on strong international revenues

The developer recorded a 22 per cent rise in property sales in Dubai during H1

Saudi issues August deadline for VAT registration

Businesses will have until later this month to register for the tax

Saudi to privatise airports this year

The kingdom is aiming to make its airport operations profitable

HSBC to add staff in Saudi as kingdom adopts Vision 2030 agenda

The programme has created “fantastic” opportunities for its Saudi operations, says regional HSBC chief

US envoys seek to shift Qatar dispute from list of 13 demands – reports

The two envoys are seeking a solution based on a series of broader principles proposed by Saudi and its allies last month

Saudi to press ahead with $7bn Jeddah-Riyadh rail line within a year

The government had previously attempted to build the line in 2011

Air Arabia reports 19.2% rise in Q2 profit

Air Arabia said it carried 2.05 million passengers in the second quarter

Kuwait’s Zain Group reports flat second quarter profit

Zain said that foreign currency conversions, mainly in Sudan, had cost the company $58m in H1 2017

Etihad assisting Australian police with plane attack investigation

Police have not named which airline was allegedly targeted

Oman announces plans for dam at Wadi Adai

Government authorities have been given permission to expropriate land for the project

Saudi, UAE, Egypt and Bahrain say ready for Qatar dialogue with conditions

The four states want Qatar to respond to the 13 demands submitted by them

sabic

Saudi’s SABIC reports 25% fall in Q2 net profit

The fall in profit was blamed on weaker performance at SABIC’s Hadeed iron and steel unit

Ratings agency Moody’s downgrades Oman’s outlook to negative

The agency blamed the downgrade on Oman’s continuing reliance on the oil sector

Saudi courts uphold death sentences for 29 – reports

The men are part of two high-profile groups accused of spying for Iran and carrying out terror attacks

Dubai’s Nakheel reports 10.5% drop in first half net profit

Nakheel handed over almost 870 land form and built form units to customers between January 1 and June 30

Abu Dhabi Ports denies plans for listing

The company could raise at least $1bn from a listing

Iran says ambassador to remain in Kuwait despite row

Kuwait also told Iran’s cultural and military missions to shut down last week

Thousands rush to leave Saudi as amnesty deadline looms

The amnesty allows foreigners staying in the kingdom illegally to leave without penalty