Low oil prices, regional tensions dent business confidence in the UAE

A new survey found a large quarter-on-quarter dip in UAE hiring during Q1 2015.

Qatar hits back at allegations of worker deaths in FIFA stadiums

The country said that not a single worker has died in its construction sites, dismissing rumours of 1,200 worker deaths.

Saudi may issue government bonds this year -IMF official

Bond issues are being considered after global oil prices plunged last year.

Dubai Emaar Properties beachfront project to cost $2.7 bn

The project will have 4,000 residential units, 300 hotel rooms, and 250,000 square metres of retail outlets.

UAE oil minister says correction not over yet

The minister was upbeat as he noted that the supply glut in the market has reduced significantly.

Emirates NBD expects 12-15% growth in retail business in 2015

Oil price volatility is not expected to impact Emirates NBD’s retail growth estimates, a senior official said.

42% of UAE employees find workplace stressful – report

A study of 564 UAE employees also found less than half believed their company took an interest in their wellbeing.

UAE non-oil business growth slows marginally in May – PMI

Output growth rose to a three-month high index reading of 62.8 points in May but the increase in new orders fell.

Revealed: Biggest Banks In Qatar

The top 10 biggest lenders in Qatar by 2014 total assets, taken from Gulf Business’ Top 50 GCC Banks list.

Etihad starts Boeing 787-9 Dreamliner services to Brisbane

The service will replace Etihad’s daily one-stop flight via Singapore.

Five Saudi stocks to be closed to foreign investors -bourse

The Capital Markets Authority did not specify the reason for these stocks to be off-limits to foreign investors.

UAE tourist spending up 5% in Q1 2015 – report

American tourists accounted for 21 per cent of the overall UAE tourism spend in Q1 2015.

Saudi lost $49bn of foreign reserves in 4 months due to low oil prices

The kingdom’s foreign reserves fell to $683 billion in April, from $732 billion at the end of 2014, a new report shows.

UAE issues law against doping in horse races

The new rule prohibits the administration of banned substances to horses and lays out strict penalties to offenders.

IMF lifts outlook for Saudi GDP, sees bigger budget gap this year

Economic growth is expected to slow in 2016 as lower oil revenues hit state spending, the IMF said.

Abu Dhabi fund ADIA manages more of its billions in-house

The proportion of its assets managed by external fund managers fell to 65 per cent last year from 75 per cent in 2013, the authority said.

Naimi says Saudi oil strategy working, sees stronger demand

The comment indicates Saudi Arabia will likely propose not to change output policy at producer group OPEC’s meeting on Friday.

Qatari couple charged in Texas with abusing household staff

Hassan Salem Al Homoud and his wife, Zainab Al Hosani, were charged with engaging in forced labor and could face up to 20 years in prison if convicted.

Etihad Airways rejects subsidy claims, attacks U.S. airline ‘oligopoly’

The Abu Dhabi airline said U.S. Open Skies policy did not prohibit airlines from receiving shareholders loans.

Revealed: Biggest banks in Saudi Arabia

The top 10 biggest lenders in the Kingdom by 2014 total assets, taken from Gulf Business’ Top 50 GCC Banks list.

Saudi bourse opening could fuel international partnerships – JP Morgan

The market opening could lead to a flurry of foreign funds, paving way for more partnerships among local and international firms.

Egyptian court adjourns Al Jazeera journalists trial to Thursday

The journalists were arrested in December 2013 and originally sentenced to between seven and 10 years in prison.

Qatar sues French far-right official for attacks comment

Florian Philippot, the VP of the anti-immigrant party, accused Qatar of “funding an Islamism that kills” after the Charlie Hebdo attack.

Saudi’s Kingdom Holding sells 50% stake in Mauritius resort to JV partner

Kingdom Holding, owned by Prince Alwaleed Bin Talal, sold its stake in Four Seasons Resort Mauritius to Sun Resorts.

Solar Impulse 2 forced to land in Japan

Poor weather conditions forced the plane to land in Nagoya, officials said.

Majid Saif Al Ghurair appointed new chairman of Dubai Chamber

The chamber also elected two new vice chairmen and other executive committee members.

Etihad starts A380 services to Sydney

The A380 will now operate one of the airline’s two daily services between Sydney and Abu Dhabi.

UAE’s midday work ban to begin from June 15

Firms found flouting the rules will be fined Dhs 5,000 per worker while the penalty will rise to Dhs 50,000 if a large number of labourers are found to be working.

Revealed: Biggest banks in the UAE

The top 10 biggest lenders in the UAE by 2014 total assets, taken from the Gulf Business Top 50 GCC Banks.

Dubai’s DSI says unit wins $95m contracts in Oman

The unit will carry out work on the Oman Convention and Exhibition Centre in Seeb, two hotels in Saraya Bandar Jissah and an airport hangar-related facility.