Kuwaiti banks will not feel pinch of low oil prices – Fitch

Public spending in the Gulf state is expected to remain strong thanks to big buffers

UAE observes three-day mourning for 45 soldiers killed in Yemen

Schools and other institutions will not have a holiday but the flags will be flown at half mast during this period

Dubai Properties to launch new luxury residential tower 1/JBR

The project is scheduled to be completed by early 2019, the developer said

Bahrain’s GFH says board approves Kuwait delisting

The decision meant GFH could focus trading on its home and the main secondary market for its shares, Dubai

In Qatar, Venezuela’s Maduro pushes for OPEC heads of state summit

The Venezuelan leader said that he had also suggested to Qatar’s emir that non-OPEC countries, take part in future OPEC meetings

UAE’s Etisalat to open shares to foreign, institutional buyers September 15

In June, Etisalat said it would loosen these rules to permit foreign and institutional investors to own shares worth up to 20 per cent of the company

Coalition attacks Yemen capital after UAE, Saudi soldiers killed

WAM said the UAE air force struck a mine-making plant in the Houthi-dominated Saada province and military camps and weapon stores in the central Ibb province

UAE, Bahrain say 50 soldiers killed in Yemen attack

The incident took place in the oil-producing Marib area of central Yemen near the border with Saudi Arabia

India and UAE: A firm handshake

The recent visit of the Indian Prime Minister promises renewed focus on economic and political ties between the two nations

Saudi Arabia satisfied with Obama’s assurances on Iran deal

Saudi King Salman met with Obama at the White House on Friday to seek more support in countering Iran

Different Arab money

Beating state debt addiction proves hard for UAE banks

During the global credit crisis of 2009-10, UAE banks were hobbled by their links to heavily indebted companies that were wholly or partly owned by governments of the seven emirates in the UAE

New approach to old alliance for Saudi King and Obama

Despite Saudi disappointment with Obama’s push for a nuclear deal with Iran , the U.S. role in Riyadh’s war in Yemen shows Washington remains the kingdom’s core partner

Qatar’s first FIFA 2022 World Cup stadium to be ready by 2016

Khalifa International Stadium will have a new building in its east wing following its renovation while the entire seating area will be covered through a single roof

Troubled Atlas Jewellery seeks time to repay $136m debts

The Atlas default affects at least 15 banks, but sources say that reaching a deal would be tricky unless creditors can meet its founder, who remains in police custody

Helipads planned alongside three Dubai metro stations

The helipads will be used during emergency situations for medical evacuation, officials said

Emirates’ Jennifer Aniston TV ads to cost $20m

The advertisements are scheduled to begin running this October, a senior spokesperson confirmed

Twitter launches self service ad platform in the UAE

The service, now available in 200 countries, targets small and medium-sized businesses

Dubai’s DIFC aims to have 100 Indian firms by 2024

Dubai’s financial freezone is looking to Indian and other Asian markets to fuel its growth over the next 10 years

Saudis consider blanket imposition of urban land tax

In March the cabinet approved in principle the idea of taxing undeveloped land in urban areas

Damac says will deliver first homes in Dubai South in six months

The NAIA Tenora project by Damac features 270 serviced hotel apartment units

UAE August non-oil business growth climbs to six-month high

The seasonally adjusted Emirates NBD UAE Purchasing Managers’ Index rose to 57.1 points last month from 55.8 in July

Saudi Arabia, U.S. near deal for two Lockheed warships

The deal, valued at well over $1bn, could be reached by the end of this year

Obama to assure Saudi king of US help to counter Iranian threat

King Salman will meet Obama on Friday as part of his first US visit since ascending to the throne in January

Saudi’s Mobily Ventures invests in Dubai-based logistics app Fetchr

The app facilitates package pick-up and delivery via a phone’s GPS coordinates

VOX Cinemas wins rights to operate 12-screen cineplex at Grand Hyatt

The cineplex will be VOX Cinemas’ 12th outlet in the region and the third new location in the last four months

Oil price slump to start affecting Saudi banks -S&P

S&P said historical data suggested there was a clear link between non-performing loans and oil prices

Dubai launches workshops to promote business opportunities for Expo 2020

The initiative will highlight steps taken to ensure transparency of the procurement process for Expo 2020

Bahrain postpones plan to remove meat subsidies

The plan, which had been due to take effect on September 1, will now be delayed until October on the orders of Bahrain’s Prime Minister

Dubai’s Jumeirah signs deal to manage $1bn tower in Business Bay

The tower is expected to open in 2020

Passenger traffic at Dubai International airport up 29.6% in July

The emirate’s airport welcomed 6.68 million passengers during the month