Emaar launches luxury residences in Dubai Creek Harbour

The ‘Creek Horizon’ project will be located close to the $1bn Tower at Dubai Creek Harbour

Dubai’s IMG theme park delays opening date

The mega indoor theme park complex was scheduled to open on August 15

Saudi to introduce six projects to boost Saudisation

Labour ministry seeks to reduce cost difference between employing locals and expats

Developer Damac acquires Dhs 1.26bn of land near Dubai Canal

Dubai’s Damac Properties Q2 net profit drops 37.4%

The developer reported a net profit of Dhs886.8m in the second quarter

Gemstone selects Kempinski to manage Dubai Business Bay residences

The new property is expected to be completed in 2019

Dubai’s RTA to boost taxi fleet by 40% to 7000 by 2021

The RTA’s new five-year plan will also see 50 per cent of the taxis converted into hybrid vehicles

Saudi central bank says riyal will remain pegged to US dollar

The central bank said it has “sufficient tools” to support the exchange rate of the riyal

Dubai’s Arabtec Q2 reports seventh straight quarterly loss

The contractor made a net loss of Dhs186.4m in the second quarter

California man gets life in prison for stabbing Saudi student

Agustin Rosendo Fernandez, 30, stabbed Saudi student Alkadi to death two years ago

Saudi accuses 32 people of spying for Iran

Saudi stops 3 women, 7 children from joining Syria war

The three sisters and their children were detained by Lebanese authorities in Beirut and flown back to Saudi Arabia

Why UAE must make it easy for women to sponsor their spouses

Expatriate women in the UAE face greater workplace challenges than their male counterparts, says senior exec

Dubai government to buy new electric and hybrid cars

Up to 10 per cent of new vehicles will be electric and hybrid cars

China’s ICBC aims for benchmark dollar bond via Dubai by year-end

It would be the third bond issue by China’s largest bank via its DIFC office

Saudi lifts hiring ban on Bangladeshi workers – report

A ban on workers has partly been in force since 2008

Bahrain’s Investcorp plans up to six new investments

Investcorp aims to more than double its assets under management in the next five to seven years

Emirates offers EK521 passengers $7,000 compensation

Flight EK521 crash landed on arrival in Dubai last week

Ismaik’s Marya Group reveals listing plans

Firm says it will eventually go public after increasing investment portfolio to $1bn

UAE cautions citizens against wearing burqas in Swiss region

Swiss canton Ticino implemented a burqa ban last month

Olympic gold winner Aldeehani says joy dampened by ban on Kuwait

Fehaid Aldeehani won the men’s double trap event under the Olympic flag

Dubai Parks confirms October opening but some rides will be missing

Parts of one of the operator’s three theme parks will not be ready for the opening date

Oman suspends Azamn newspaper following corruption allegations

The private publication alleged corruption in the country’s judiciary

Pod-shaped luxury floating homes to be unveiled in Dubai

The Dutch developer behind the homes is expecting regional sales worth $50m over the first year

Saudi aims to employ 100,000 nationals in the healthcare sector

The ministry expects to achieve the target by 2030

Oman’s National Gas Company terminates CEO

Oman to change Iran gas pipeline route to avoid UAE

The pipeline would be financed on a 50-50 basis by Oman and Iran

Saudi’s stock market to further ease restrictions on foreign investment

Ownership limits and minimum qualifications for overseas institutions will be eased next month

Dubai’s Nakheel to build new 375,000 sq ft retail complex at Dragon City

The developer has awarded a Dhs117.5m contract to build the complex

UAE Space Agency and Lockheed Martin reveal space training programme

The announcement follows a memorandum of understanding signed between Lockheed and the space agency in June

Article by gay Qatari provokes backlash over World Cup “values”

Some Qataris have said the World Cup must not be used as an excuse for importing Western values

Dubai’s Deyaar makes standalone facilities management company

Deyaar remains the full owner of the firm

Visitor numbers to Qatar drop 6% in first half of 2016

The Gulf state said that Ramadan, which began in early June, had an impact on arrival numbers