Etihad CEO: “Nobody else wanted to invest in Alitalia”

James Hogan says global investment is not a threat but a lifeline for the aviation industry

Saudi Arabia executes four people in one day, death penalties soar

The total number of judicial killings in the kingdom has reached 130 so far in 2015

UAE popular among female expats globally – survey

The country, however, did not make it to the top 10 most popular cities for expats globally due to its high cost of living and long working hours for foreigners

Domestic business lifts UAE’s NMC Health H1 profit 14.7%

NMC made an adjusted net profit of $46.9m in the first six months of this year up from $40.9m a year earlier

Kuwait summons Iran envoy over disputed gas field reports

The off-shore gas field has been a bone of contention between Tehran and Kuwait since the 1960s

Abu Dhabi crown prince, Putin discuss stronger ties, Syria woes

Sheikh Mohamed Bin Zayed met with Russian President Vladimir Putin on Tuesday in Moscow

Freed UK hostage says ‘grateful’ to the UAE for the rescue mission

Bob Semple, a petroleum engineer, was working in the Hadramaut area in Yemen when he was kidnapped in February 2014

Dubai property slowdown due to tighter rules, not oil slump

Dubai has a low reliance on oil despite hydrocarbons providing three-quarters of the UAE’ consolidated revenue in 2014, according to credit agency Moody’

Kuwait boycott forces down price of “king of fish”

Consumers launched a Twitter campaign to boycott fishsellers after the price of pompfret rose considerably

Saudi reassures on riyal peg, forwards market pressure eases

The kingdom is expected to achieve economic growth in 2015 of 3 per cent

Abu Dhabi crown prince begins two-day Russia visit

Sheikh Mohamed Bin Zayed will meet Russian President Vladimir Putin to discuss bilateral relations and regional issues

Abraaj sells stake in Condor Travels to Abu Dhabi-backed Carlyle Group

The company did not disclose the size of the stake that was sold or the value of the deal

Air Astana resumes Astana-Dubai route after five years

The Kazakh airline resumed operations between Dubai and Almaty in September last year

UAE’s Al Noor plans to double capacity after steady H1 -CEO

Al Noor made a net profit of $44.9m in the first six months of 2015 versus $45.6m a year earlier

Qatar raises its game to fend off next LNG giants

Qatar is working more closely with trade houses who are focused on short-term deals, often in riskier markets, while also lowering its price expectations

New rules authorise Dubai police to impound vehicles for racing on roads

Police can seize a vehicle if the owner has unpaid fines worth Dhs 6,000 or is found to be racing

Russia’s Rosneft in talks with UAE’s Mubadala on east Siberian fields – Kremlin

Rosneft, the world’s top listed oil company by output, is in talks with Mubadala to jointly develop two projects

Developer Omniyat launches Dhs 1bn luxury hotel in Dubai

The Langham Place Downtown Dubai, featuring a five-star hotel and serviced apartments, is expected to be completed in 2018

Saudi Arabia records 49 MERS cases in one week

Riyadh saw 47 MERS cases over the last week while the cities of Najran and Abha recorded one infection each during this period

UAE among top 5 ‘at risk’ countries for mobile security

The Emirates ranked at the bottom of a list of countries that have high levels of mobile security, a new survey showed

UAE Exchange names new CEO, makes changes to board

Deputy chief executive Promoth Manghat has been promoted to chief executive, the Abu Dhabi-based company said

Bahrain says holding former MP on charges of financing militants

The agency did not name the man but quoted the director of criminal investigations as saying he was held after returning from a trip to collect funds in Iran

Dubai stock index rebounds into positive territory

Real estate shares led the recovery with leading developer Emaar Properties gaining 1.8 per cent and DAMAC Properties rising 3.3 per cent

Over half of Dubai residents don’t have home insurance – survey

Up to 67 per cent of apartment buildings and 50 per cent of villas in Dubai are uninsured, says survey by MoveSouq.com and RSA

Dubai’s Nshama awards construction contract for Town Square projects

The contract for the Zahra and Hayat Townhouse communities in Town Square has been awarded to Beaver Gulf Group

Dubai to have 27 new private schools by September 2016

Increased supply is expected to ease the financial burden of high school fees on parents and provide them with more choices, officials said

Dubai contractor Drake and Scull appoints Deeb as CFO

Deeb was formally CFO of Abu Dhabi-based family conglomerate Al Jaber Group, whose core business is construction

Mood sours among Saudi businessmen as oil slides

Oil has dropped to six-year lows, less than half mid-2014 levels

Saudi Aramco considers new industrial city project in east

The new city will be built around energy-related industries, a source said

Dubai stock market suffers biggest one-day fall since December 2014

Dubai’s stocks closed down 7 per cent as oil prices weakened