Al Zarooni Drops Appeal Against Eight-Year Ban

The 37-year-old Emirati was last month found guilty of administering anabolic steroids to 15 horses in the Godolphin stable.

Abu Dhabi Fastest Growing City In ME, Africa

The MasterCard Cities Index report showed the UAE’s capital has a growth rate of 16.1 per cent in relation to visitor numbers.

Almarai Plans To Boost Capital By 50%

The Saudi dairy firm will distribute bonus shares in a move approved by its shareholders.

Saudi Finance Minister Says 2013 Growth Will Top 4.4%

The International Monetary Fund forecasted Saudi Arabia’s GDP growth at 4.4 per cent, down from 6.8 per cent in 2012.

Canadian Visa Waiver To UAE Effective From June 1

Canadian Foreign Affairs Minister John Baird confirmed the news in Ottawa.

French Man Dies Of Coronavirus After Dubai Visit

The worldwide death toll now stands at 23 as Saudi Arabia reports five new cases.

Foreign Workers Queue To Quit Saudi Arabia

Earlier this year the kingdom began to crack down on the many foreign workers who violated their visa terms.

Kuwait Inks $514m Refinery Upgrade Deal With S.Korea’s Daelim

The work is due to be completed within three years at the refinery.

Ex-RBS MidEast And Africa CEO Joins Abu Dhabi Bank

Penney, who resigned from RBS in March, will join First Gulf Bank as head of its expanding wholesale banking division.

UAE Starts Building Second Nuclear Power Plant

The plant is expected to begin commercial operations in 2018.

Emirates To Restart Tripoli Flights In September

Resumption of services after two years will benefit passengers with connections within the GCC, Indian Subcontinent, Far East and West Asia

UAE’s Solar Power Capacity To Reach 20GW by 2030

Proper regulatory and policy frameworks are required to reach this potential, says expert

Oberoi Dubai Targets June 15 Launch

Luxury Indian chain’s first UAE property is poised to open its doors next month.

Abu Dhabi’s Al Noor Hospitals Plans London Listing

Deutsche Bank AG and Goldman Sachs Group are mandated joint sponsors and global coordinators, with HSBC Holdings as joint bookrunner.

Bahrain Bans Political Groups From Contacting Hezbollah

The move comes a day after Bahrain’s foreign minister called the head of the Shi’ite Muslim group a “terrorist”.

Saudi King Hands National Guard Ministry To Son

Prince Miteb’s promotion bolsters his credentials within the ruling al-Saud family.

Qatar Plans $5.5bn Island To House World Cup Fans

Barwa Real Estate unveiled plans for Oryx Island, which would feature luxury villas, a water park and five floating hotels using cruise ships.

Kuwait’s Shamali Named Acting Oil Minister

Mustapha al-Shamali is Kuwait’s long-serving finance minister.

Kuwait Grants Oman $2.5bn In Development Aid

The Kuwaiti Fund for Arab Economic Development will supply the amount in annual installments over a 10-year period.

Indians In UAE Spend Heavily On Rent – Survey

Children’s education and travel are some of the other key expenses for NRIs in the UAE, finds new study.

Emirates And CAE Open Second Flight Training Centre

New facility at Dubai Silicon Oasis will initially house five full-flight simulator training bays

Kuwait Court Scraps Opposition Politician’s 5-Year Jail Term

A former member of parliament, Musallam al-Barrak has been out on bail since he was sentenced in April but could still receive another sentence.

Dubai International Airport Grows 18.7% In April

April marked the ninth straight month of double-digit growth for the airport, and the first full month of Emirates’ partnership with Qantas.

Abu Dhabi Fund ADIA Turning To Emerging Markets

The fund raised its exposure limit on Chinese equities to $500 million from $200 million in the third quarter.

Kuwait Oil Minister’s Resignation Accepted

Hani Hussein came under pressure from lawmakers wanting to question him over a $2.2 billion compensation payment to Dow Chemical Co.

Kuwait Targets 15% Renewable Energy Sources By 2030

The Gulf state has one of the highest energy consumption rates per capita in the world, with the average Kuwaiti using 22 times more resources than the country provides per person.

HTL Green Lights $100m Fujairah Oil Terminal

The terminal will have a storage capacity of over 240,000 cubic metres and will be HTL’s second project in the emirate.

Stock News: Kuwait Makes Biggest One-Day Gain In Over Four Years

The Kuwaiti index climbs 2.1 per cent to finish at 8,322 points.

Emaar To Launch Burj Vista II Tower Sales

The second tower of the Dubai real estate giant’s Burj Vista development will feature 20 storeys, housing one, two and three-bedroom apartments.

Dubai’s Deyaar Appoints New Chief Financial Officer

The Dubai-based developer appointed Hawary Marshad, who will replace Yawar Pasha as CFO.