iMENA Invests $8m In Hellofood For ME Expansion

iMENA Holdings and Rocket Internet have partnered to invest in the regional operations of Hellofood, a global food ordering service.

Cebu Pacific Air Gears Up For Dubai Launch

Low-cost airline has taken delivery of its second A330 which will be deployed on the the carrier’s first long-haul flight to Dubai from October

Safety Risks From Emirates A380 Engine Blow Out “Relatively Low”

ATSB rules operator’s procedures were effective but expresses ongoing concerns over nozzle designs

UAE Markets Surge After Russia Offer On Syria

Dubai’s index jumps five per cent to 2,441 points in early trade

iPhone 5S Expected To Launch In UAE By Year-End

Apple’s next generation iPhone is estimated to have a November or December launch in the UAE, say retailers.

Saudi Diplomat Kidnapped In Yemen Asks Family To Stage Protests

Militants seized Saudi vice consul Abdullah al-Khalidi in the southern Yemeni port city of Aden in March 2012.

Saudi Sees Strong Growth In Digital Arabic Content

The Kingdom accounts for more than half of the region’s active users on Twitter with 90 per cent preferring to tweet in Arabic.

Qatar To Convert $2bn Egypt Central Bank Deposit Into Bonds

Qatar sent Egypt $3 billion in May of which it converted $1 billion into three-year bonds.

Lack Of Governance Affects Islamic Finance Growth In ME

Experts said that the Islamic finance industry is estimated to grow rapidly and more than double in the next four years.

Dubai’s Al Futtaim Offers $86m For Kenyan Car Retailer

Gulf Arab companies are boosting their investments in Africa lured by the continent’s untapped resources.

Kuwait Airways May Delay Deal For Airbus Jets

Kuwait Airways signed an initial agreement with Airbus in May to buy 15 A320neo narrow-body jets and 10 of Airbus’s new A350-900 XWB.

Qatar Airways To Join Oneworld Alliance

Qatar’s flagship carrier will join the global alliance from October 30.

UAE Ranked Happiest Arab Country, 14th Overall

A study finds the United Arab Emirates is a happier country than the United States and the United Kingdom.

UAE Start-up Careem Receives $1.7m Funding

The transportation technology company received the investment in a round led by STC Ventures.

Bahrain’s Al Salam Bank Agrees Share-Swap Merger With BMI Bank

Islamic lender Al Salam will exchange 11 of its shares for each BMI Bank share.

Abu Dhabi Employees In Fix Over Losing Dubai Life

The Abu Dhabi government has ruled that public sector employees in the capital have to live within the city.

United Arab Bank Signs Three-Year FC Barcelona Deal

The bank will serve as the club’s official partner in the UAE and plans create a range of Barca-themed products for local fans.

MERS-Coronavirus Kills Two More People In Saudi, Qatar

The virus has claimed 45 lives in the Kingdom so far.

No Date Yet On Saudi Bourse Opening Up To Foreign Investors

Officials are still discussing the issue, says head of the Capital Market Authority

Dubai Eye Unveils New Business Breakfast Presenter

Sarah Cocker will join Malcolm Taylor in hosting the award-winning breakfast show.

UAE Builds $2m Mosque In Dundee, Scotland

The mosque, funded by the Al Maktoum foundation, is the first of its kind in Dundee.

Du-Google Partnership Aims To Bolster UAE SMEs

Research shows that out of the 200,000 SMEs in the UAE, only 10 per cent have an online presence.

Dubai’s DAE Ends Merger Talks With BBA

The companies were holding talks to merge certain parts of their businesses.

Dubai To Open World’s Tallest Hotel Tower Next Year

The 432-metre tall Marina 101 Hotel & Residence tower is set to open in Dubai Marina in the fourth quarter of 2014.

Passerby Captures Lion Roaming Streets Of Kuwait

Police are seeking the owner of the lion, believed to be someone who was illegally rearing it as a pet.

GPHG To Make Middle East Debut In Dubai

The Grand Prix d’Horlogerie de Genève will showcase 70 of the finest watches in DIFC this October.

In France, A Tax-Free Property Empire Owned By Qatar

Around 40 properties in France are owned by Qataris, with total investment amounting to around $7.8 billion over the past decade, found Reuters.

No Summer Leave For Emirates’ A380s

Emirates’ superjumbos may hold the key to the conundrum posed by Dubai Airports’ 80-day runway programme next summer.

Oman’s Entrepreneur Ecosystem Needs Strong Government Push

Oman’s entrepreneurs can add value to the government’s job creation efforts, if given adequate support.

Damac Awards Dhs1bn Contract For Paramount Project

The 33-month construction contract has been awarded to Turkish firm TAV Construction.