Fire breaks out at Dubai construction site

The cause of the blaze is unknown

Abu Dhabi firm wins Dhs 1bn contract for Emaar’s Mira Oasis townhouses

The project is anticipated to reach completion by the end of 2018

LuLu group opens first Kuala Lumpur hypermarket

UAE-based retail group commits investment of $300m to open 10 outlets in Malaysia

Abu Dhabi airport expects 85,000 passengers to travel this week

Airport authorities urge travellers to register for the Smart Travel initiative

Bahrain’s Investcorp to acquire European cyber security firm Coresec

The deal follows Investcorp’s acquisition of cyber security firm SecureLink last year

Saudi contractor Khodari to book multi-million riyal loss

Khodari has been pressured by a severe slowdown in the construction sector

Kuwait Airways’ New York flight to include Ireland stopover

The two and a half hour stopover to be part of an extraordinary security precaution, announced Kuwait Airways

Mashreq awards deal for new Downtown Dubai HQ

Arabian Construction Company will construct the new 35-storey tower

Saudi/French deals expected during prince’s visit

The prince will meet with senior French leaders including President Francois Hollande

Diamond Developers plans launch of sustainable apartments in Dubai

The developer is behind the Sustainable City project in Dubailand

Dubai’s DEWA awards deal for 800MW solar park to Masdar-led group

The third phase of Sheikh Mohammed bin Rashid al-Maktoum Solar Park will be operational by 2020

UAE announces week-long Eid Al Fitr break for the public sector

Government offices will remain closed from July 3 – 9

Emirates Nuclear Energy Corporation relocates to Masdar City

Company and its subsidiary Nawah move to Abu Dhabi’s sustainable city

Tasweeq to be integrated with Qatar Petroleum

The company was previously independent from Qatar’s other oil and gas firms

Dubai’s Jumeirah Golf Estates says phase one of Redwood Park sold out

Construction of the development’s first phase is 70 per cent complete

UAE signs deal with Lockheed Martin for space training

The move comes as the country prepares to launch a probe to Mars by 2021

Saudi Arabia picks banks to manage multi-billion dollar bond

The kingdom is turning to international debt markets to help plug a budget shortfall

Dubai’s Damac awards 25 contracts worth Dhs 3bn in Q1 2016

The developer said it has awarded contracts for its Akoya Oxygen and Akoya by Damac projects

UAE, Saudi stock markets fall on Brexit worries

Dubai’s index was down 4.6 per cent in early trade while Saudi’s Tadawul fell 3.7 per cent

Saudi non-oil GDP growth to slow to 2.8% this year

The kingdom’s non-oil GDP growth stood at from 3.4 per cent in 2015

Qatar bans minimum charges in restaurants

Currently many F&B establishments in the emirate force customers to place a minimum order

New Dubai Industrial Strategy to help generate Dhs 160bn by 2030

The strategy will focus on six sub sectors such as aerospace, maritime and aluminum, among others

Dubai’s RTA to open Abu Dhabi-bound bridge on Sheikh Zayed Road

Six lanes of the eight-lane bridge will be opened on July 1

Revealed: 10 Eid staycation deals in the UAE

With Eid Al Fitr around the corner, Gulf Business picks 10 getaway deals within the UAE

Saudi, UAE say Brexit to have little impact on their financial institutions

Saudi said it had already made some adjustments to assets denominated in sterling and euros

Have Bahrain’s national reconciliation efforts been put on hold?

A US State Department reports says Bahrain has implemented some reforms but “more work remains to be done.”

Court orders Germany to decide on gun exports to Saudi Arabia

The government will now have to decide whether to allow gunmaker Heckler & Koch to export parts to Saudi

Commercial Bank of Dubai closes in on up to $500m loan

The three-year loan will be used to refinance existing debt

Bahrain summons five senior Shi’ite clerics for questioning

Bahrain stripped top Shi’ite cleric Ayatollah Isa Qassim of his citizenship earlier this week

Abu Dhabi-backed Solar Impulse 2 completes Atlantic flight

Experimental solar-powered plane lands in Seville after a 70-hour journey from New York