Egypt, Saudi Aramco sign $1.4bn oil products deal – minister

The deal stipulates that Egypt pay Aramco within a year

Over 22% of UAE car-owners may switch to public transport due to fuel price hike

The majority of car owners in the UAE said they might restrict unnecessary trips to malls and parks to off set higher fuel prices

Saudi executes two Chadians for al Qaeda killings

Issa Saleh Hassan Barkaj and Ishaq Issa Ahmed Shakila were executed in Mecca on Thursday morning, the ministry said in a statement

Dubai’s DGCX appoints Gaurang Desai as CEO

Desai had been appointed acting CEO a year ago after former CEO Gary Anderson resigned due to ill health

Dubai expects returns of over Dhs 100m during upcoming Chinese event

More than 6,000 Chinese delegates are expected to attend the International Dragon Awards set to be held this month in Dubai

Dubai World Central renamed as Dubai South

The aerotropolis is expected to house a million people and support around half a million jobs once it reaches full capacity

Stock news: Dubai tumbles 2.7% after oil hits new low

Oil prices in the United States tumbled to their lowest level since 2009 on Wednesday

Dubai issues new law to dispose impounded vehicles

Vehicles will be allocated for disposal following three months of impoundment

Dubai’s Arabtec denies withdrawing from mega Egypt housing project

The project was originally announced more than a year ago but it has not yet been launched

Saudi stock market plunge not caused by govt selling shares

The main Saudi stock index has plunged 12 per cent this month

UAE declares public holiday on November 30 to mark Martyrs’ Day

Martyrs’ Day will mark the sacrifice of those who have died in the line of duty for the UAE

US firm Parsons bags infrastructure contract for Dubai Expo 2020 site

The company will be responsible for infrastructure design and construction supervision services on the site

UAE minister hits out at Iranian TV channel over Yemen comments

The minister’s response comes after an Iranian TV channel reported that Houthi rebels captured the UAE’s military tanks in Yemen

Abu Dhabi’s Aabar Investments appoints new CEO

The state fund has appointed IPIC’s director of investments Mohamed Hamad Al Mehairi as Aabar’s new CEO

Dubai receives 118,000 medical tourists in Q1 2015

Around 46 per cent of medical tourists to Dubai were from Asian countries while 25 per cent of them were from other Arab countries

UAE’s foreign ministry warns citizens against flaunting “expensive” items abroad

UAE nationals travelling abroad have also been urged to register themselves on the Tawajedi services platform

Surge in new MERS cases recorded in Riyadh

The kingdom has confirmed 58 new cases of MERS since the start of August

UAE’s Etisalat says no voting rights for foreign shareholders

Etisalat in June said it would open up to 20 per cent of its shares to non-UAE citizens

Dubai’s ruler issues new law to boost public-private partnerships

The law aims to encourage the private sector to participate and invest in infrastructure development

UAE’s ENEC awards $2.5bn deals for nuclear plant construction

More than 1,100 local firms have been contracted for the delivery of products and services at the Barakah nuclear plant in Abu Dhabi

Emirates to resume flights to Baghdad from Sep 17

The airline suspended operations to the Iraqi city in January because of security concerns

Dubai among world’s top 10 fastest growing city economies

Metropolitan areas continue to power national economic growth, report shows

Qatar postpones launch of wage protection system for workers to November

The delay comes as a number of private companies requested more time to prepare for the implementation of the system

Saudi Aramco to appoint new CEO for trading arm

Yasser Mufti, head of mergers and acquisitions at Aramco, will replace Said al-Hadrami, sources said

Kuwait’s Shuaiba oil refinery likely to restart “within days” – official

A fire at the 200,000 barrel-per-day Shuaiba refinery forced a total shutdown on Monday

UAE’s NMC Health completes purchase of Dr Sunny Healthcare Group

The deal expands NMC’s addressable market and patient cross-referral capabilities of its network

Saudi-led coalition bombs Yemen ‘aid port’ Hodeida

Hodeida is held by the Houthi rebels and allied army units loyal to former president Ali Abdullah Saleh

Houthi rebels occupy UAE embassy in Yemeni capital Sana’a

The UAE has called for the Houthis to evacuate the embassy immediately and restore it to the embassy staff

India, UAE plan $75bn infrastructure fund, stronger ties

The two countries plan to increase bilateral trade by 60 per cent in the next five years

Pictures: Modi’s address to 40,000 Indians in the UAE

The Indian Prime Minister concluded his two-day visit to the UAE on Monday