Government support key for Islamic finance growth in UAE – experts

The UAE has been ranked as having the world’s second most developed Islamic economy ecosystem following Malaysia

UAE arrests man for insulting FNC elections

The public prosecution clarified that the arrest is not in conflict with the freedom of speech in the UAE

Go Sport to open its biggest store worldwide in Mall of the Emirates

The store will feature cycling and running areas and a 10-metre volcano-shaped climbing unit

UAE’s Shah gas project hits full output capacity – official

The multi-billion dollar project has the capacity to produce one billion cubic feet of gas per day

Islamic State kills 22 in attacks on Yemen govt, Gulf troops, mosque

It was the first known direct Islamic State assault on the Yemeni government and the Saudi-led coalition

Citi appoints new CEO for Bahrain business

Usman Ahmed will also head the bank’s Islamic investment banking division

UAE’s Abraaj raises $191m for Mexico investment

The publicly traded certificates will be used to invest in mid-sized Mexican businesses that have strong growth potential

Dubai’s residential rents fall 1%, sales prices also drop in Q3 2015 – JLL

House prices in Dubai continued to fall in the third quarter as regulations, higher inflation and a strong dollar hit investment

Kuwait’s 360 Mall to feature tennis complex, five-star hotel as part of expansion

The tennis complex will have a combined stadium seating for over 7,600 people across two main arenas

Al Noor Hospitals in merger talks with South Africa’s Mediclinic

The potential deal would involve the issue of new Al Noor shares and may be classified as a reverse takeover

UAE bank ADIB has no further capital plans – CEO

The official said the bank would grow by “mid-single-digits” in 2015 and its capital was sufficient for this level

Saudi opposition clerics make sectarian call to jihad in Syria

Riyadh, along with Turkey and other Gulf states, is a main supporter of rebels fighting Syrian President Bashar al-Assad

Saudi Aramco in talks to buy some of China’s CNPC assets -sources

The deal value is currently estimated around $1bn to $1.5bn

India’s SpiceJet launches Dubai flights from Amritsar and Calicut

The low-cost carrier will begin operating the two routes from November 15

UAE power plant JV may issue project bond in 2016

The offering from Emirates SembCorp Water & Power could raise up to $350m

Emirates releases first Jennifer Aniston TV ad as part of $20m campaign

The airline reportedly signed a $5m TV advertising deal with the Hollywood actress earlier this year

Muscat airport expansion plan faces further delay – official

A new passenger terminal is now due to open by the end of 2016, about a year later than the previous estimate

Saudi central bank foreign assets fall 1% in August

Assets shrank 11.2 per cent from a year earlier to their lowest level since February 2013

Dubai’s RTA mulling public private partnerships for Route 2020 project

An extension of the Dubai Metro’s Red Line, the Route 2020 project will connect passengers to the expo site

UAE infrastructure projects not delayed by oil price drop – minister

The UAE has sufficient funding for all its planned infrastructure projects, says minister of Public Works

Saudi to convert state real estate fund into bank

After its conversion the Real Estate Development Fund will offer financing in cooperation with the private sector, a statement said

Five minutes with…Tarish Eid Al Mansouri, director general, Dubai Courts

Dubai Courts is aiming to increase the number of smart services in order to speed up litigation process, says Al Mansouri

UAE provides $581.5m in aid to Syrian refugees

The sum is split between food aid, multi-sector aid, shelter, health and support services

Emirates hints at no Dubai Airshow orders, pushes decision on A350/787 to next year

Dubai’s flagship carrier has said it is looking at an order for 50 to 70 twin-aisle jets

UAE provides $207m of aid to Yemen

The country is contributing towards the recovery and rehabilitation of Aden and neighbouring governorates

Dubai’s ruler launches Dhs 1bn global aid foundation

The Mohammed Bin Rashid Global Initiatives project will focus on education, innovation and the eradication of poverty

UK’s Cameron urges Saudi Arabia not to execute Shi’ite protestor

Ali al-Nimr was handed the death penalty after taking part in demonstrations in Saudi Arabia’s eastern province

Dubai Holding’s net profit up 24% in H1 2015

The company earned around Dhs 2.6bn in net profits during the first half of this year

Chalhoub taps into growing men’s bespoke footwear market in Dubai

The company has added a new men’s designer section at its Level Shoe District retail space at Dubai Mall

Alshaya Group inks deal to open 30 stores in Mall of Qatar

Collectively Alshaya’s brands will occupy around 18,000 square metres in Mall of Qatar