Arab solidarity, fear of Iran bring hi-tech Gulf troops to Yemen desert

Marib has become a key battlefield between Iranian-allied Houthi militia and a coalition of Yemenis and Emirati, Saudi and Bahraini troops

UAE financial officers fear skills shortage

Financiers are concerned their talent will be lured away by the “attractiveness” of Western markets, survey finds

Kuwait says oil market will balance itself, must be patient

Kuwait’s OPEC governor said the current imbalance stemmed from several factors and not just an economic slowdown in China

UAE’s ENEC says first unit of nuclear plant 75% complete

The second unit at the Barakah plant is also 53 per cent complete following the installation of steam generators

Abu Dhabi state fund Mubadala reports 53.4% drop in first half net profit

Gains from financial investments failed to offset lower income from disposals and higher costs

Saudi Arabia denounces Israeli actions at Jerusalem’s al-Aqsa mosque

On Tuesday, Israeli police fired stun grenades and tear gas at rock-throwing Palestinians who barricaded themselves inside al-Aqsa mosque

Dubai ruler launches $3m Arab Reading Challenge project

The project will see over a million students committing to read 50 million extracurricular books during one academic year

Saudi diplomat accused of rape withdrawn from India

The diplomat was accused of repeatedly raping and torturing two Nepali maids working at his home near New Delhi

Saudi Aramco says Amin Nasser appointed as CEO

Nasser has been acting president and chief executive officer of Saudi Aramco since April

Qatari developer Katara buys iconic Rome hotel for $251m

As part of the deal, the Westin Excelsior Rome will undergo a complete renovation over the next five years

Kuwait to start offshore oil exploration in two years

Kuwait aims to add a total of 700,000 bpd of crude oil production capacity from offshore and onshore areas

Police seize suspected militants with guns and suicide vest in Riyadh

Saudi Arabia has detained hundreds of people suspected of links to ISIL over the past year

Saudi Arabia says six credit agencies apply for licences

The kingdom issued new regulations governing credit agencies’ operations in Saudi Arabia last year

Mecca crane disaster: Saudi king orders SAR 1m compensation for victims’ families

Those who suffered permanent disability will also receive SAR 1m while others injured will get SAR 500,000 in compensation

Emirates NBD to offer banking services via Twitter

The service will allow customers to tweet the bank for enquiries about their current or savings account and credit cards

Boeing appoints new business heads for Turkey and Qatar

Omar Arekat, Boeing Commercial Airplanes sales director, has been appointed managing director for Qatar

Dubai’s Juma Al Majid launches hospitality arm, takes over ex-Taj hotel

The former Taj Palace Hotel in Deira has now been renamed Jood Palace Hotel- Dubai

UAE car rental firm Massar launches pay as you drive app

New smart car app, available on Android and iOS, lets drivers pay only for the number of kilometres they use

Saudi suspends Binladen group over Mecca crane disaster

King Salman also ordered that the group’s board members and senior executives be barred from travel abroad

Etihad Airways Partners to raise at least $500m via bond

Price guidance for the five-year bond was maintained in the area of 7 per cent

Buffet-backed fast food chain Dairy Queen in major UAE expansion

Over 20 outlets are planned across the UAE over the next four years

Kuwait court sentences seven to death over mosque bombing

The June 26 suicide bomb attack inside a Shi’ite Muslim mosque killed 27 people.

UAE retail chain LuLu expands into Indonesia, plans 15 outlets

The group plans to invest $300m in the first phase of expansion

Saudi-led coalition in Yemen sees victory “no matter what”

Yemeni forces and their Arab allies are fighting to oust the Houthis in a six-month war that has killed over 4,500 people

Saudi cabinet grants license to Qatari bank for first time

Qatar National Bank has been granted a license to open a branch inside the kingdom

Group of 32 countries criticises Bahrain’s human rights record

The group has expressed concerned about reports of harassment in the Gulf State

China’s SEPCO set to win gas booster project for Saudi Aramco

Under the new project called MGS 2, SEPCO will build a gas compressor station, industry sources said

Nakheel signs contracts worth Dhs 2.4bn for Nad Al Sheba project

The Nad Al Sheba project, which includes 1500 villas and serviced residences, is slated for completion in early 2018

Swiss authorities helping Oman in oil corruption probe

Swiss authorities are involved because transactions related to the probe involved Swiss financial institutions, a source said

Different Arab money

GCC economies hit by oil price drop, to grow 3.4% in 2015

The UAE and Saudi Arabia have fared better than their GCC counterparts because of economic diversification, says report