Dubai contractor Drake & Scull seeks new investors

The firm has been hit hard by an economic slowdown in the region due to low oil prices

Mild earthquake recorded in the UAE

The tremor at Dibba Al-Fujairah did not cause any damage

First half passenger traffic at Dubai World Central surges 95%

New flights from low cost carrier flydubai contributed significantly to the increase

Dubai’s Nakheel says it is now a ‘debt-free’ company

The developer has made arrangements to repay its Dhs4.4bn trade creditor sukuk this month

Abu Dhabi Financial Group ups GFH stake

GFH signs MoU to acquire majority stake in Bahrain’s Bank Al Khair

The deal is subject to board approvals and due diligence

Oman’s private sector firms cutting health insurance

Tougher market conditions are making many firms seek savings on insurance costs

Saudi’s Binladin to clear all workers’ dues by September-end – report

The construction company has reportedly started repaying its workers

Thailand’s oil explorer PTTEP to sell Oman 44 project

The deal is expected to close in early fourth quarter of 2016

Emiratis fined for driving 200kph on German highway

Tourists caught driving at almost double the speed limit

Regional IPO market sees 80% year-on-year drop in values in Q2

The MENA region recorded six IPOs in the second quarter of 2016

Qatar to impose 10-day alcohol ban for Eid Al Adha

Repeat of last year’s sale ban expected in the buildup to the religious holiday

Saudia shifts domestic operations to Riyadh airport’s new Terminal 5

The terminal will offer some 36 check-in counters for Saudia customers

Oman’s tourism investment arm takes stakes in 8 companies

Omran aims to boost tourism development in the country

Olympic Committee accuses Kuwait of ‘aggravating’ tensions

The country has been suspended from the IOC since October

Saudi citizen killed, six injured in Yemeni missile attack

The attack took place in the southern city of Najran on Saturday

Riyadh court upholds $8m fine on soft drink firms

The six were accused of collectively agreeing to increase prices to boost profitability

DEWA awards Dhs16.3m advisory contract for desalination plant

The plant in Jebel Ali is slated to be operational by April 2020

Saudi to let foreign institutions buy shares in IPOs

The move is expected to take effect at the start of next year

Thousands of workers abandoned in Saudi won’t leave without pay

King Salman set aside SAR100m of government money to help the stranded workers

Different Arab money

Saudi, other issuers gear up as Gulf bond crush looms

GCC gears up for one of its heaviest-ever periods of international issuance – possibly over $25bn by the end of October

Five reasons why UAE firms should work with their medical providers

Consolidating with healthcare providers could help firms save around 15-20 per cent

Dubai and Abu Dhabi apartment rents down in July

Declines were recorded for all unit sizes last month, according to Bayut.com

Qatar Airways flight makes emergency landing in Istanbul

One of the engines of the Airbus 330 aircraft reportedly caught fire shortly after takeoff

Filipino workers stranded in Saudi to be provided free air tickets

Help is also being provided for workers to switch companies in the kingdom

Ajman ruler reviews designs for new martyrs’ memorial and square

The projects are being implemented by the Ajman municipality

Dubai’s DP World to delay Jebel Ali port expansion

The plan to add capacity to Terminal 3 will be delayed into 2017

Habtoor Leighton Group CEO arrested in Dubai

No details have been revealed about the reason for his arrest

Saudi bureau says no criminal motive behind Makkah crane collapse – report

The collapse of the crane on September 11, 2015 resulted in the deaths of 107 people

Controversy over Bahrain’s move to nationalise Kenya-born runners

Little has been done to stop the so-called ‘buying’ of athletes

New Saudi-Egypt marine link under discussion

The route is expected to boost tourism to Egyptian resorts including Dahab and Sharm El-Sheikh