Dubai to award Al Maktoum airport expansion tender in May

​The expansion will boost the airport’s capacity to 120 million passengers per year

Abu Dhabi’s Aldar Properties Q1 net profit up 14.1%

The firm has reported higher profits in nine of the preceding 10 quarters

Over 50% of DIFC wills registered by UK, Indian nationals

The DIFC Wills & Probate Registry was set up a year ago for non-Muslims

Jumeirah’s new Al Naseem hotel to open by year-end

The 430-key Jumeirah Al Naseem forms the fourth phase of Madinat Jumeirah

UAE court sentences husband of ‘Reem Island ghost’ to jail

His wife was executed last year for killing an American kindergarten teacher

Dubai’s private sector picks up pace in April – survey

The monthly Emirates NBD tracker sees growth in orders and output

Cost cutting by UAE banks to continue following job losses

Reductions by local lenders have totalled a combined 1,500 staff in 2016 and 2015, according to some estimates

Drone owners in Qatar warned over illegal use

Civil Aviation Authority says unmanned drones could pose threats to state security

Saudi Binladin Group to pay 10,000 workers in May

Earlier this month, workers at the company set fire to buses after more than 50,000 were laid off

Saudi imposes annual tax on undeveloped land

The new tax would be equivalent to 2.5 per cent of the value of the land

Dubai buildings to be given star ratings

A new system being developed by the emirate’s land department aims to simplify rental and service charge calculations

Saudi to maintain stable oil policies – new energy minister

Khalid al-Falih replaced veteran oil minister Ali Al Naimi on Saturday

Dubai aids transaction of one of the world’s largest diamonds

The rough diamond, found in Angola, is one of the top 30 largest ever found

Revealed: Top 10 biggest spenders in shopping malls

New list ranks EMEA countries by average per head spend during a single mall visit

Saudi will continue to support banks despite new law – Fitch

​The kingdom’s bank resolution draft law is unlikely to reduce support for lenders

New Saudi central bank head to focus on monetary stability

Ahmed al-Kholifey was appointed SAMA governor on Saturday

UAE pledges to protect workers’ rights to ensure ‘equality’

​The country says new measures will ensure violators are punished

Can we now call Dubai a culture hub?

The imminent arrival of Dubai Opera provides depth to the emirate’s creative ambitions

Saudi replaces oil minister in big reshuffle of economic posts

Khaled al-Falih has replaced 80-year-old oil minister Ali al-Naimi

Saudi security operation kills ISIL fighters outside Mecca

No civilians or security forces were killed or wounded

Saudi prince makes bold challenges to kingdom’s old ways

The 31-year-old son of King Salman hopes to modernise the kingdom’s economy

Saudi dollar peg under threat if low oil prices continue

Currency speculators have put pressure on the riyal in recent months due to the country’s projected budget deficit in 2016

Rock and pop to aid the Dubai Opera business model

The 2,000 seats are expected to be filled on a regular basis, says CEO

Saudi govt lifts project bidding ban on Binladin group

The company was suspended from obtaining new government contracts last year

Maersk says risks losing Qatar field, its largest oil asset

Maersk Oil has been operating the Al Shaheen field since 1992

Abu Dhabi indefinitely delays Fujairah LNG plant

EmiratesLNG LLC planned to use the facility to import 9 million tonnes of gas a year

Emaar opens first midscale Rove hotel in Downtown Dubai

​The 420-room property is the first of 10 hotels planned across Dubai

Expat oil workers in Kuwait end strike

The strike by more than 1,000 workers began on Monday

Sharjah’s debt burden to exceed 15% of GDP in 2017 – Moody’s

Sharjah posted a fiscal deficit of Dhs 3.58bn last year

Saudi working on SME bourse rules for early 2017 launch

Tadawul announced last month that it planned to open the new exchange next year in a bid to improve access to capital