UAE to raise gasoline price 24%, cut diesel 29% in August

The price of a litre of octane 95 gasoline will climb 24 per cent to Dhs 2.14 at the start of August

Bahrain links explosives in Tuesday bombing to Iran

On Saturday, the government said it had foiled an explosives smuggling plot by two Bahrainis with ties to Iran

UAE gasoline price hike will not have a major impact on consumers – experts

The price of a litre of octane 95 gasoline will rise by 24 per cent to Dhs 2.14 at the start of August

DP World begins $1.6bn Dubai port upgrade; says H1 container volumes up

The Dubai-based company handled 30.6 million twenty-foot equivalent units in the first half of the year

Two Bahraini policemen killed in bombing, Iran link probed

The bombing targeted policemen on duty in the Sitra area, the interior ministry said

Dubai real estate agency S&K shuts down, files for bankruptcy

S&K Estate Agents (also known as Smith and Ken) has been handed to liquidators in a process to pay back creditors

Emirates to launch second daily service to Lisbon from Jan 2016

The new service will be operated by a Boeing 777-300 aircraft and follows strong demand on the route, the airline said

Saudi Arabia accuses Iran of making threats to Bahrain

The kingdom’s foreign minister said Tehran was intervening in its neighbours’ internal affairs

UAE to cut state spending by 4.2% this year – central bank

Consolidated government spending is expected to drop to Dhs 460.6bn in 2015 from Dhs 480.8bn in 2014

Standard Chartered appoints audit head as new UAE chief executive

Group head of internal audit Julian Wynter will replace Mohsin Nathani, who resigned from the bank in April, sources said

Houthis, Saudi-led coalition fight on as Yemen ceasefire quickly unravels

The Arab coalition fighting the Houthis had announced a five-day truce from 11:59 pm on Sunday to allow in emergency aid

RBS ends plan to sell UAE transaction services to ADCB

The deal was called off in part because ADCB asked at a late stage to select which of RBS’ customers it would take, sources said

Dubai Financial Market Q2 net profit drops 48%

The firm, which runs securities trading in Dubai, made a net profit of Dhs 132.4m in Q2

LuLu group buys London’s Great Scotland Yard building for $170m

The iconic building is currently being converted into a five-star hotel

Nakheel posts 53% net profit rise in first half of 2015

The company attributed the increase in profit to a rise in property handovers

Drake & Scull wins Dhs 281m deal for Kuwait education project

DSI will undertake mechanical, electrical and plumbing works for the educational institution, slated for completion in 2018

British man arrested in Abu Dhabi airport for “insulting the UAE”

The man was also accused of verbally abusing security officers at the airport

Dubai Holding unit seeking to sell stake in Maltese telco Go

Emirates International Telecommunications has a 60 per cent stake in Go

UAE’s First Gulf Bank Q2 profit boosted by lending rise

FGB made a net profit of Dhs 1.45bn for the three months to June 2015, up 8 per cent to Q2 2014

Dubai residential rents fell 3% in Q2 – ADIB report

The drop in rents was attributed to a surge in supply

Iran’s foreign minister begins GCC, Iraq tour to defend nuclear deal

Mohammad Javad Zarif is visiting Kuwait and Qatar before heading to Iraq

Houthis, Saudi-led coalition fight for Yemen air base

The al-Anad base, 50 km from Aden, has been held by the Iranian-allied Houthi movement

Thousands sign petition against beach closure as Saudi king visits French Riviera

Section of public beach closed off as King Salman vacations at his villa in southern France

Exclusive interview: Dubai Airports CEO Paul Griffiths on conquering the world

Griffiths waxes lyrical on everything from F1 and space tourism to oil prices and the shortfalls of democracy

Kuwait’s Jazeera Airways restarts flights to Egypt’s Assiut

Flights were stopped after Assiut’s airport closed for renovation in June 2014

Bahrain foils arms smuggling bid, recalls Iran envoy

The arms smuggling plot was masterminded by two Bahrainis with ties to Iran, officials said

Saudi-led coalition announces five-day ceasefire in Yemen

News of the ceasefire came after 80 people were killed in an air strike on the central Yemeni city of Taiz

Kuwaiti MPs head to UK to check on sovereign wealth fund’s London office

They plan to check how investments are being made and whether enough official oversight exists

Relationships must come ‘before business’ in GCC

People looking to do business in the region must respect cultural hierarchies, says senior Arab official

Saudi Arabia says relations with Hamas have not changed after meeting

The kingdom has emphasised that Hamas delegation’s visit to Saudi Arabia was religious rather than political