Camels Are Prime Suspects In Deadly Saudi Virus Outbreak

The World Health Organisation says 46 people have died out of the Middle East Respiratory Syndrome Coronavirus.

Qatar Could Benefit From Dual-Track SWF Model

Qatar Investment Authority can organise its estimated $100 billion of assets around two distinct investment approaches, suggests Reuters’ columnist Una Galani.

Dubai’s Rotating Tower Plan Given New Life

Dynamic Tower will be a rotating skyscraper measuring 80 stories high and rotating a full 360 degrees every 90 minutes.

Qatar’s Al Gharafa Sign Lyon Striker Lisandro

Lisandro scored 11 goals in Ligue 1 last season for French side Olympique Lyon.

S&P Downgrades Al Baraka Bank To Junk Status

The Islamic lender’s rating was reduced from BBB- to BB+ with a negative outlook on the back of increased sovereign and economic risk in the regions where it operates.

Rolls-Royce Bespoke Demand Drives Growth

The high-end car manufacturer named Abu Dhabi as its most successful market in the world last month and its biggest global market for its bespoke vehicles.

Kuwait’s KIPCO Reports 11% Q2 Net Profit Rise

Net profit in the three months to June 30 was 9.5 million dinars compared with 8.6 million dinars in the same period last year.

Saudi Offers Russia Deal To Scale Back Assad Support

Sources say Saudi Arabia wants Moscow to ease its strong support of Assad and agree not to block any future Security Council Resolution on Syria.

Eid Declared On Thursday, August 8

Private sector employees will be off on Thursday, August 8 and Friday, August 9.

Bahrain In Talks Over Possible Eurofighter Deal-BAE

The Eurofighter combat jet is made by BAE Systems and Italian weapons maker Finmeccanica and EADS

UAE Residents Spend Dhs10,000 Annually On Gadgets

A recent study found 68 per cent of UAE residents spend at least Dhs10,000 every year on technology, with 71 per cent admitting they are addicted.

Dubai’s Ruler Signs Dhs2.1bn Emirati Housing Grant

Sheikh Mohammed approved the scheme which will help 5,000 families before the end of the year.

Etihad To Operate A380 On Sydney, Melbourne Routes

The Abu Dhabi airline is also increasing flights to Australian destinations.

Costa Coffee To Introduce Camel Milk Drinks

The global coffee chain has introduced camel milk as an option for customers, as well as a new camel milk iced drink.

Bahrain’s Seafront Property Records Strong Sales

More than half of the plots on Dilmunia Island were sold out on the day they were launched, says developer.

Saudi Activist Freed After Two Years In Detention

Mohammed al-Bajadi, a founding member of the banned Saudi Civil and Political Rights Association, was sentenced to four years in prison last year.

Etihad Eyes China And America Partnerships

Etihad, whose annual net profit tripled in 2012, holds stakes in Virgin Australia, Air Berlin, Aer Lingus and Air Seychelles.

Aldar’s Q2 Profit Jumps On Sorouh Merger Deal

Aldar said quarterly earnings included a one-time gain of Dhs2.6 billion principally driven by the acquisition of Sorouh’s assets.

Saudi’s Prince Salman Named Deputy Defence Minister

Prince Salman bin Sultan is a son of the late Crown Prince Sultan, a veteran defence minister until his death in 2011.

Caution Required Amid Dubai Property Resurgence

Close monitoring is essential to prevent a second Dubai property bubble, writes Mohammed Faheem, senior research analyst at CBRE Middle East.

Standard Chartered Income Up 4% In H1 2013

Standard Chartered UAE recorded single digit growth in income during the first half of 2013.

Saudi Arabia Says Barred Sudanese President’s Plane For Lack Of Permit

Omar Hassan al-Bashir’s plane was barred from entering the Kingdom’s airspace this week while on a flight to Iran.

Business Confidence Riding High In Dubai

The majority of businessmen in Dubai expect a profitable third quarter this year, find two official surveys.

DAFZA Sees 44% Growth In H1 2013

Dubai Airport Freezone Authority saw 94 new international companies register in the first half of the year.

Siemens Wins $966.8m Contract From Saudi Aramco

The company will supply gas and steam turbines and other equipment for the upcoming Jazan power plant.

Job Creation Up In Saudi’s Non-Oil Private Sector

Despite a rise in raw material prices, the Kingdom’s non-oil sector has seen slight growth.

Al Noor Hospitals H1 Profit Drops 24.4%

The Abu Dhabi healthcare company listed on the London Stock Exchange in June.

Dubai’s Shuaa Capital Swings To Small Profit In Q2

The bank made a net profit of Dhs1.3 million in the quarter, compared with a loss of Dhs15.9 million for the same period last year.

Air Arabia Q2 Net Profit Rises 15%

The low-cost airline served over three million passengers during the first half of 2013

Google Offers Virtual Tour Of Emirates A380

Google has given access to all three classes and even the pilot’s cockpit of the world’s biggest jet through its Street View cameras.