Saudi’s first women-only telecoms complex fails to attract vendors

The lack of activity at the complex comes despite wide media attention

Abu Dhabi’s TAQA reports Q2 net loss of $160m

Revenues from oil and gas fell by 34.6 per cent to Dhs1.04bn

Rio Olympics: Judoka Toma wins UAE bronze medal

Sergiu Toma claimed the country’s second-ever medal at the Olympics

US approves $1.15bn sale of tanks, military equipment to Saudi

General Dynamics will be the principal contractor for the sale

Dubai’s Damac to launch Akoya land plots, JVC apartments

Sale of both projects will begin on August 20

UAE appoints committee to review maternity law

The UAE’s Gender Balance Council is also planning to introduce part-time shifts in departments and companies

Oil leak at Kuwait’s al-Ahmadi field, no fire

Officials said specialised teams were dealing with the spill

Kuwait orders 30 Airbus Caracal helicopters worth over $1.1bn

The aircraft will be used by the Kuwaiti army and national guard

Pictures: Sharjah to open new five-star theatre-themed hotel

The Act hotel is set to be officially opened in the next few months

Abu Dhabi’s GASCO receives LNG storage vessel

The floating import vessel follows delays to plans for an onshore facility in Fujairah, according to reports

Dubai property market will see upturn in 2017- KPMG

Dubai businessman Al Habtoor says property prices will rise in ‘coming months’

Growth will be driven by the emirate’s ‘landmark’ project, Al Habtoor said

Aramex confirms stake acquisition by Australia Post

The deals follows Aramex’s recent sale of a Sydney-based courier firm to Australia Post

Saudi to nationalise health, automobile sectors

Plans come after the kingdom announced the complete Saudisation of the mobile sector

Saudi Oger owes $800m to workers, banks – reports

The troubled firm has been the subject of thousands of complaints by workers

Hyperloop train to travel from Dubai to Fujairah in ‘less than 10 minutes’

Dubai to host international competition next month for hyperloop project designs

Saudi increases visa fees, traffic fines to boost revenues

A multiple exit and re-entry visa costing SAR500 will only be valid for three months, compared to six months earlier.

Emirates to deploy third daily A380 to Manchester

The jumbo jet will increase capacity on the route by 11 per cent

Bahrain’s Investcorp sells UK crisp brand Tyrrells

The deal is Investcorp’s ninth European exit in 12 months

Saudi confirms cooperating with Germany to investigate attacks

The investigation will track Islamist militants behind bomb and axe attacks in July

Oman posts 19% dip in tourist arrivals for June

Sultanata posts significant declines in inbound and outbound tourism and hotel revenues and occupancy

UAE national recruit dies while performing prayers

Sayed Ibrahim Ismail al-Hashemi died on Sunday while performing afternoon prayers in a mosque at the training centre

Nasdaq Dubai to open equities futures market

The introduction of stock futures could be a major development for equity markets in the UAE

Kuwait petrol hike ‘politically bold’ – World Bank

Local representative Firas Raad said energy subsidies represent a major burden on public finances in the country

Saudi’s petrochem firms beat profit forecasts, but will soon face slump

Combined net profits of Saudi’s 14 listed petrochemical firms fell by a fifth from a year earlier

S&P maintains strong Abu Dhabi ratings despite low oil prices

The agency affirmed its ‘AA’ long-term ratings for the emirate

Saudi’s King Salman issues new directives on unpaid salaries for foreign workers

In recent months, local construction firms Saudi Oger and Saudi Binladin Group have made headlines following thousands of complaints from workers over unpaid wages

Kuwait’s Agility says Q2 net profit up 11%

The firm’s net profit in the three months to June 30 was $50m

Saudi soldier dies in cross border fire with Yemen

The soldier faced the attack on Saturday morning at Jalah in the Jazan region

Dubai airport traffic drops by 1% in June due to Ramadan

In the first half of this year passenger traffic rose 5.8 per cent to 40.51 million people

Apple’s iPhone 6 remains UAE’s most popular smartphone in Q1 2016

Samsung is the most used handset brand in the country, finds TRA