Saudi Aramco to fire employees for repeat traffic violations – report

Those who accumulate more than 30 violation points in a year will be dismissed

Saudi Aramco IPO to depend on oil, stock market conditions

Saudi Arabia is expected to list 5 per cent of the state-owned oil giant by the end of 2018

Work begins on world’s largest industrial gas facility in Saudi

The $2.1bn complex will serve Saudi Aramco’s Jazan refinery and terminal

Construction of Oman’s $2.5bn Omagine pearls scheduled for 2017

Project featuring seven pearl-shaped buildings is still seeking funding

Abu Dhabi approves $150m of projects

The projects include improvements to roads, a new school facility and infrastructure work in residential areas

Saudi’s Kingdom says Brexit costs it $40m on AccorHotels deal

Billionaire Prince Alwaleed’s firm agreed to exchange its stake in FRHI last December

Qatar to build Zaha Hadid hotel close to 2022 World Cup site

The 38-story hotel is shaped in the form of a hyacinth flower

Bahrain arrests two men over bombing that killed woman in June

Officials accused the suspects of having received training and support from Iran

Gulf Air signs $900m deal for Rolls-Royce engines

Gulf Air previously selected Rolls-Royce’s Trent 700 engine to power its current wide body fleet

Qatar National Bank posts 16% rise in Q2 net profit

The bank’s profit was boosted by its purchase of Turkey’s Finansbank

Kuwait studies privatisation of oil services to boost revenues

Any privatisation plans in Kuwait will not include its oil production facilities

Dubai’s Damac launches hotel, residences complex at Akoya Oxygen

The Beach at Navitas Hotel & Residences will offer apartments with access to artificial sandy beaches

Qatar Airways to buy 10% of LATAM Airlines, eyes Meridiana stake

Qatar Airways’ deal with LATAM will inject $613m into the Chile-based carrier

World’s highest observation wheel takes shape in Dubai

Previously called Dubai-I, the wheel has now been renamed Ain Dubai

Saudi prosecutors bring charges over Grand Mosque crane disaster

At least 107 people died when a crane toppled over at Mecca’s Grand Mosque last year

Dubai among top five cities globally for entrepreneurs

The emirate ranked high on ease of doing business and political safety and security

Housing allowances in the UAE up roughly 4% in 2016 – report

The rise in allowances is partly because of a few organisations doing a market correction

Saudi Arabia’s first Snow City to open this week

The attraction will offer dramatically different conditions to the local climate

Kuwait to privatise parts of its oil sector – report

The plan will enable Gulf and foreign investors to bid for part of the offered shares

Bangladesh to ban Dubai-based Islamic TV channel

Peace TV features speeches by Indian hardline preacher Zakir Naik

New heart-shaped island resort in Dubai aims to woo honeymooners

The new development will be part of Kleindienst’s The Heart of Europe project

Qatar Airways announces $440m net profit for 2016

The carrier group published its financial results for the first time on Monday

Air Arabia launches new route to Georgia’s Batumi

The low cost carrier will operate two weekly flights from Sharjah

Flydubai to launch double daily service to Bangkok

The service is likely to be one of the airline’s longest in terms of travel time

Saudi’s ageing population could impact finances, debt – S&P

Subscribers to Saudi Arabia’s generous pension system are outstripping contributions, according S&P

Dubai reveals new public parking rates for commercial areas

Dubai business conditions improve in June

The emirate saw the fastest rise in new work since March 2015, finds Emirates NBD index

1,000+ mobile shops closed after violating Saudisation rules

Inspections will continue until a 100 per cent Saudisation deadline on September 2

Man indicted of plotting to kill US judge is not Emirati – minister

The suspect, an Asian, lived in the UAE from 2004 to 2008

UAE remittances soar to $1.36bn over Eid

Brexit vote and pound devaluation impacted amount sent by UK expats

UAE’s Etisalat launches voice-over-LTE services

The service is expected to improve the quality of voice and video calls