Road closure to hit motorists in Old Dubai, Karama

Rush hour traffic for those travelling between Karama and Old Dubai is expected to be impacted by improvement works

Former RAKIA CEO ends negotiations over alleged $1.5bn fraud

The businessman is facing further criminal charges following accusations of global embezzlement

Bahrain’s Ahli United Bank raises stake in Commercial Bank of Iraq

AUB acquired a 49 per cent stake in the bank in December 2005

Dubai-based camel milk producer receives VAT exemption

Value added tax is expected to be introduced in the UAE in 2018

Dubai Investments profit up 2% in H1

The firm’s CEO said it will continue to broaden its footprint and asset base

e-Gate pass system launched at Jebel Ali Free Zone

New passes to improve free zone access ahead of Expo 2020

Saudi approves $336m of projects in Jubail and Yanbu

The projects include commercial centres, hotels and residential buildings

Kuwait to invest $15.75bn in 2017-18 development plan

Financing of the current five-year development plan is being shared by the public and private sectors

Iraqi Airways plane makes emergency landing in Kuwait

The incident happened on a Boeing 767 that was heading to New Delhi

Mohamed Alabbar to acquire stake in YNAP from Richemont

Dubai’s Alabbar leads investors behind 16.45% Aramex stake buy

The Emirati businessman is said to have led two stake acquisitions in the logistics firm

Work to begin on Dhs 151m main building at Dubai Safari

The building will include smart features and free wi-fi

Claim values at Dubai’s DIFC Courts up 48% in first half of 2016

The total value of cases handled by the English-language commercial court was around Dhs 3.44bn

Dubai’s Emaar Properties Q2 net profit up 8%

The developer made a net profit of Dhs 1.27bn in the three months to June 30

Seven Saudi troops, many Houthis killed near Yemen border

The UN-sponsored negotiations had been on the verge of collapse after a new row erupted last week

India to bring back workers facing ‘food crisis’ in Saudi

The workers are unable to afford meals after being laid off from their jobs

Al Futtaim Carillion ‘preferred tenderer’ for Abu Dhabi’s $1bn Reem Mall

The two million square foot mall is slated to open in 2018

UAE GDP growth could reach 4-5% a year from 2017

Rising oil prices and growing public and private sector project activity are expected to boost economic growth

Oman considers compulsory expat work contract registration

Currently companies are only required to register contracts for Omanis

Saudi to compare expat remittances to earnings

The new mechanism could potentially impact millions of expats who live and work in the kingdom

UAE telecom operator du posts 11.3% dip in Q2 net profit

The firm reported declining profits in the preceding six quarters

Over 270m people used public transport in Dubai during H1 2016

Dubai Metro users rose by 9 per cent in the first half of the year

Ejari certificate needed to activate utility services in Dubai – DEWA

DEWA customers can receive utility services and Ejari certificates at all RERA accredited offices

Is it time to use the R-word (recession) in Dubai?

Dubai is feeling some waves from a few macro-economic shifts, but a recession is nowhere close

Why the UAE’s theme parks boom will boost the economy

Dubai and Abu Dhabi are expected to be home to seven new theme parks by 2020

Leap Ventures’ Noor Sweid on why firms should invest in women’s leadership

Noor Sweid talks inspiration, investing in growth-stage companies and why it is important for women to be in leadership roles

Saudi billionaire Prince Alwaleed’s Kingdom posts 22% Q2 profit drop

The firm attributed the profit drop to lower income from associates and joint ventures

VPN users in UAE could be fined up to Dhs 2m under new law

The new law aims to clamp down heavily on cybercrime

UAE fuel prices to decline in August

Prices increased the previous four months

Profit at Abu Dhabi's Mubadala climbs 12.4%

Abu Dhabi’s Mubadala to buy 20% of Bahrain’s Investcorp

Mubadala will buy 9.99 per cent of Investcorp immediately

Indigo flight from Dubai diverted to Mumbai due to “unruly behaviour”

A passenger onboard the aircraft reportedly turned “violent”