Online marketplace dubizzle UAE faces security breach

The company says only a “small percentage” of its database was breached and that all financial information is secure

Saudi central bank curbs credit card cash withdrawals -source

Previously, customers could obtain cash advances equivalent to as much as 50 per cent of their monthly credit card spending limits

UAE to try 41 on charges of creating “terrorist” group

The suspects had firearms and explosives and had been in touch with militant groups abroad, a senior official said

Saudi citizen killed in shelling from Yemen

A shell reportedly fell on a house around dawn in Najran province

Private equity investments into MENA reach Dhs 1.5bn in 2014

Private equity investments in the Middle East and North Africa rose 118 per cent last year, a new report shows

Dubai-based wellness centre CRYO plans up to 12 new outlets

The company has expanded internationally into Lebanon and the United States this year

Scandal-hit Saudi Mobily swings to Q2 net loss due to Zain dispute

The Saudi telecom operator slashed 27 months of profits last week

Saudi billionaire Prince Alwaleed’s Kingdom Holding posts 13% Q2 profit rise

The firm attributed the profit rise to higher income from its associates and joint ventures and lower costs

Abu Dhabi Airport crosses 2m passenger mark in July

The airport saw a 17.2 per cent growth in passenger numbers during the first half of 2015

Qatar Airways submits white paper to US govt on subsidies row

The airline alleges that the big three US carriers are also recipients of government subsidies and support

Russian foreign minister to meet US, Saudi counterparts in Qatar

Lavrov is visiting Qatar to discuss about Syria, Yemen and Libya, stability in the GCC and bilateral relations

Saudi-led coalition: First aim is to restore Yemeni government in Aden

Senior members of Yemen’s exiled administration flew into Aden on July 16 to make preparations for the government’s return

Three members of bin Laden family killed in UK jet crash

Media reports said the victims included bin Laden’s half-sister along with her husband and mother

Three Saudi soldiers killed in cross-border shelling with Yemen

The shelling took place in Dhahran Aljanoub, a governorate in the Saudi border region of Aseer

UAE is ‘logistical centre of the world’ – Rolls-Royce chairman

Ian Davis credited Emirates and Etihad Airways with helping the country become a global hub

Middle East funds turn negative as oil drops again

Only 13 per cent of investment firms expect to raise their equity allocations to the Middle East in the next three months, a survey shows

Marka sees potential for three more Modell’s stores in the UAE – CEO

Marka recently bought Retailcorp, which owns Modell’s, from state-owned conglomerate Dubai World for $60m

Foreign firms bid for Saudi Aramco’s mega Fadhili gas project

The new plant is to have a processing capacity of 2.5 billion standard cubic feet per day

Abu Dhabi, Dubai exchanges explore possibility of stock futures

The exchanges have established a joint committee which will examine the issue over the next few months

Abu Dhabi airport passenger traffic up 17.2% in H1

Passenger numbers rose to 11.11 million from 9.48 million a year earlier

Video: First look at Microsoft’s new Windows 10

The new operating software, launched on Wednesday, has received rave reviews

Kuwait says uncovers ISIL network

The group, including five Kuwaitis, were reportedly involved in fighting operations in Syria and Iraq

UAE fuel price deregulation to have ‘one-off’ impact on inflation – Stan Chart

The bank has revised its average inflation forecast for 2016 to 4.3 per cent from 4 per cent previously

Bahrain identifies suspects in Tuesday’s bombings

The attack which killed two policemen and wounded six people, was the deadliest such attack in Bahrain in months

UAE criticises EU over opening to Iran

EU foreign policy chief Federica Mogherini has failed to understand Iran’s aims, a senior UAE minister has said

Qatar’s Ooredoo Q2 net profit falls 39% on Iraq, forex

The telecom operator’s profit drop marks the sixth decline in eight quarters

Dubai property sales prices down 8% since June 2014 – report

The market is expected to see a further drop in prices during the second half of the year, says JLL

Dubai regulator fines Arqaam $50,000 over money laundering rules

A periodic risk assessment by authorities identified deficiencies in Arqaam’s systems and controls to prevent money laundering

UAE credit growth expected to be nearly flat in 2015 – Mashreq CEO

He also forecast that the country’s banking sector profits would rise about 10 per cent in 2015

Saudi soldier killed in shooting in eastern district

Authorities have reportedly arrested two people suspected of being linked to the incident