Nakheel inks deal with UK’s Premier Inn for new Dragon City hotel

This is the developer’s second hotel in Dubai that will be managed by Premier Inn

UAE says over 100,000 Syrians given visas since 2011

More than 242,000 Syrian nationals currently live in the country

Saudi central bank to appoint KPMG partner as deputy governor for supervision

KPMG Saudi Arabia’s managing partner Tareq al-Sadhan is leaving the company at the end of December

Qatar oil minister says Gulf states will maintain oil investment

The statement shows that the Gulf leaders do not plan to cut back their output to support prices

Etihad announces new baggage policy, cuts excess luggage fares

Under the new rules, customers are entitled to one, two, or three bags, depending on their fare choice and route

Indian police investigate accusation Saudi official raped Nepali maids

The two women, aged 30 and 50, told police they were raped, assaulted, starved and held hostage over several months in Delhi

Jumeirah Golf Estates mulling the launch of second phase of AlAndalus residences

The second phase of the residential community will have larger townhouses, the chief executive of Jumeirah Golf Estates said

IMF urges Saudi action on domestic energy prices and wage bill

The Saudi economy is forecast to keep expanding strongly this year, showing little impact from the oil price drop, according to the IMF

Qatar’s regulator to grant licences to GCC banks

Licences for new banks will be given according to criteria set out by the central bank, a statement said

Dubai’s Nakheel says will complete most new projects in 3-5 years

The developer said property sales in Dubai were “as per expectations”

Saudi Aramco signs first contract to build over 8,000 homes

The development will be located 8 km southwest of Aramco’s Dhahran headquarters

Sharjah Waterfront City to offer 100 freehold residential units

The project is the latest to offer freehold options in an effort to entice investors

Saudi Arabia crude output drops in August

Crude suppled to the market in August was at 10.18 million bpd, down by about 78,000

Revealed: Winners At The Gulf Business Industry Awards 2015

A total of 26 awards – judged by an independent panel and public voting – were handed to the winners

UAE to begin restructuring crowded air space

Like road networks, air space is divided into corridors with only some space open for use by civilian traffic

Dubai South unveils plans for Dhs 25bn village concept

The development forms part of The Villages concept, urban centres aiming to bring key amenities within walking distance

Minor Hotel Group announces RAK Anantara resort

The resort is scheduled to open in 2018 with 225 keys planned

Al Zorah announces two new communities for Ajman development

The two communities will be part of the 5.4 million square feet Al Zorah master development

Burj2020 tower aims to be “diamond of Dubai” – Adrian Smith

Construction work on the tower is anticipated to begin next year

Prime Dubai property much cheaper than other cities – report

Factors including cheaper import costs for materials and a plentiful supply of land meant Dubai compared favourably to other locations

Tanmiyat Global launches twin tower development in Dubailand

The Skyline Towers comprise of 34 floors and will become Dubailand’s tallest structure when completed in 2018

Saudi Arabia says seeks to balance interests of oil consumers and producers

The kingdom is encouraging investment in different energy sectors

Countdown begins for Gulf Business Industry Awards 2015

The awards ceremony will be held on Tuesday and the shortlists across all the categories have been revealed

What to expect at Cityscape 2015 in Dubai

Over 300 local and international exhibitors will be taking part of the three-day property extravaganza this year

Qatar won’t scale back projects, cut subsidies – minister

Qatari officials have announced plans to spend around $200bn on infrastructure projects over the next decade or so

Qatar sends 1,000 ground troops to Yemen battle – Al Jazeera

A total of 1,000 Qatari soldiers, backed by 200 armoured vehicles and 30 Apache helicopters have reportedly been deployed

Nakheel announces AVANI resort for Deira Islands project

Nakheel has partnered with the Minor Hotel group to develop the 500-room hotel, the first AVANI property in the UAE

Daman JV to invest Dhs 150m in GCC’s F&B sector

The joint venture, called ICON Arabia, is planning to bring 15 new food and beverage brands to the region

Doha Bank partners with India’s Reliance, led by Anil Ambani

The agreement is aimed at generating new business opportunities in the GCC and India

Dubai pay-TV firm OSN signs $400m five-year loan with 11 banks

The facility is split into two parts – a $255m term loan and a $145m revolving credit facility