British man arrested in Abu Dhabi airport for “insulting the UAE”

The man was also accused of verbally abusing security officers at the airport

Dubai Holding unit seeking to sell stake in Maltese telco Go

Emirates International Telecommunications has a 60 per cent stake in Go

UAE’s First Gulf Bank Q2 profit boosted by lending rise

FGB made a net profit of Dhs 1.45bn for the three months to June 2015, up 8 per cent to Q2 2014

Dubai residential rents fell 3% in Q2 – ADIB report

The drop in rents was attributed to a surge in supply

Iran’s foreign minister begins GCC, Iraq tour to defend nuclear deal

Mohammad Javad Zarif is visiting Kuwait and Qatar before heading to Iraq

Houthis, Saudi-led coalition fight for Yemen air base

The al-Anad base, 50 km from Aden, has been held by the Iranian-allied Houthi movement

Thousands sign petition against beach closure as Saudi king visits French Riviera

Section of public beach closed off as King Salman vacations at his villa in southern France

Exclusive interview: Dubai Airports CEO Paul Griffiths on conquering the world

Griffiths waxes lyrical on everything from F1 and space tourism to oil prices and the shortfalls of democracy

Kuwait’s Jazeera Airways restarts flights to Egypt’s Assiut

Flights were stopped after Assiut’s airport closed for renovation in June 2014

Bahrain foils arms smuggling bid, recalls Iran envoy

The arms smuggling plot was masterminded by two Bahrainis with ties to Iran, officials said

Saudi-led coalition announces five-day ceasefire in Yemen

News of the ceasefire came after 80 people were killed in an air strike on the central Yemeni city of Taiz

Kuwaiti MPs head to UK to check on sovereign wealth fund’s London office

They plan to check how investments are being made and whether enough official oversight exists

Relationships must come ‘before business’ in GCC

People looking to do business in the region must respect cultural hierarchies, says senior Arab official

Saudi Arabia says relations with Hamas have not changed after meeting

The kingdom has emphasised that Hamas delegation’s visit to Saudi Arabia was religious rather than political

Dubai Holdings unit says to pull out of Malta telecoms company

Emirates International Telecommunications Malta, which holds a 60 per cent share in Go, did not say how it plans to divest its stake

EU foreign policy chief to visit Saudi Arabia and Iran next week

Federica Mogherini will arrive in Saudi Arabia on July 27 and then proceed to Iran to discuss the nuclear deal

R Hotels awards deal for Palm Jumeirah resort to ANC Contracting

The hotel operator is currently building a 253-room four-star property in Palm Jumeirah

UAE oil price deregulation to boost economy, government finances

The move, which comes into effect from August 1, will increase fuel prices for residents

Saudi-Kuwait joint Wafra oilfield staff told to take leave

The Wafra field was first shut for maintenance on May 11 for two weeks

Abu Dhabi wins bid to host 2020 world swimming championship

The UAE capital beat rivals Lima and Almaty to win the bid

Dubai’s Emaar says committed to India, still part of MGF joint venture

Media reports in India quoted sources as saying Emaar was close to ending its decade-old joint venture with MGF Developments

Bahraini insurer ARIG plans full ownership of Takaful Re

ARIG already owns 54 per cent of Dubai-based Islamic reinsurer Takaful Re

Pentagon chief tells Saudi Arabia: Iran threat is shared concern

In talks with US Defense Secretary Ash Carter, King Salman reiterated support for the deal while voicing some concerns

Affordable housing in Dubai draws residents back from Sharjah

Rents in Sharjah fell 3 per cent quarter-on-quarter in Q2 as a reverse relocation trend to Dubai gained traction, says report

Emirates to launch flights to Bamako in Mali

The service to Bamako will help Emirates improve its connectivity in Africa, the airline said

Dubai’s Emaar Malls Q2 profit rises 43%

Emaar Malls made a net profit of Dhs 412m in the second quarter of 2015

Dubai’s Union Properties says plans three projects worth $544.5m

The developer did not provide any details about the projects

U.S. defence chief in Saudi Arabia to reassure after Iran deal

Ash Carter said ahead of his trip that he aimed to discuss American strategy to counter “Iranian aggression” in the region

UAE energy ministry says to liberalise gasoline, diesel prices

Domestic fuel prices are currently among the lowest in the world because of heavy state subsidies

UAE official: domestic gasoline prices may rise “slightly”

Gasoline and diesel will be deregulated from Aug. 1 and a new pricing policy linked to global levels will be introduced