UAE Recalls Envoy To Iraq, Hits At Baghdad’s “Sectarian” Policies

The foreign ministry said that the UAE, a close ally of Saudi Arabia, opposed any interference in Iraq’s affairs.

Saudis Give Apparent Warning To Iran: Don’t Meddle In Iraq

The toughening of rhetoric about Iraq by the Gulf’s two top powers suggested that they have put on hold plans to explore a curbing of their rivalry across the region’s Sunni-Shi’ite sectarian divide.

Accor To Develop Middle East’s Largest Ibis Hotel In Dubai

The 588-room hotel, located in the Dubai World Trade Centre District, is scheduled to open in Q1 2016.

US, Saudi Discuss Measures To Curb Terror Funding Amidst Iraq Tensions

Saudi Arabia is one of the important US allies in the fight against terror funding in the region.

Dubai’s Arabtec CEO Resigns; Fahim To Be Acting CEO

Dubai builder Arabtec’s share price plunged as much as 50 per cent in the last six weeks.

Situation In Iraq Shows Signs Of ‘Civil War’ – Saudi Foreign Minister

The minister urged nations racked by violence to meet the “legitimate demands of the people and to achieve national reconciliation (without) foreign interference or outside agendas”.

UAE Ranks Fourth Among World’s Most Attractive Global Retail Markets

Saudi Arabia, Kuwait, Oman and Jordan were the other attractive retail markets in the Middle East, according to a new report.

Air Arabia Adds Four Flights Between Ras Al Khaimah And Muscat

The low-cost carrier will now operate 21 weekly flights between the UAE and Muscat.

Dubai Among Top Three Destinations For Wealthy Chinese Travellers

A new study shows that the emirate rose to the third position this year, up from the eighth position in 2013 in the list of most popular destinations for China’s rich travellers

UAE Officials Confirm Ramadan Will Begin On June 29

The fasting hours this year are expected to last for around 15 hours, according to the Sharjah Planetarium.

Qatar Airways Starts Tokyo Haneda Flights

Doha carrier now serves both city hubs and is the latest carrier to fly to the more conveniently located airport

UAE Government Advisory Council Passes Draft Law To Combat Horse Doping

The bill, which covers all equestrian disciplines from racing to polo, outlines financial penalties from Dhs20,000 to Dhs500,000 ($5,400-$136,100) for various doping offences.

Middle East Luxury Good Market Steady Despite Regional Worries

The GCC luxury goods market has continued to grow fast, at a rate of five to eight per cent.

Saudis To Keep Reserve Management Strategy – Central Bank

The country’s net foreign assets are currently worth about $730 billion.

UAE’s RAKBANK Launches $500m Debut Bond Issue

RAKBANK, rated BBB-plus by Fitch, attracted books of over $1.5 billion for its offer.

Emaar Introduces Giant Crocodile To Dubai Mall Aquarium

The 750kg reptile, brought in from Australia, becomes latest attraction in Dubai Mall, as Emaar seeks to boost visitor footfall.

WHO Says MERS Virus Outbreak Of Concern Before Haj

The virus has been reported in more than 800 patients worldwide, mainly in Saudi Arabia.

Commercial Bank Of Qatar Tightens Guidance For Five-Year Bond

The lender has gathered more than $2.25 billion in orders for its bond sale so far.

UAE’s Masdar, Saudi’s KACARE Sign Deal To Develop Clean Energy

The agreement will facilitate joint investments by both organisations in clean energy projects and green technology investment funds.

Xbox One To Launch In UAE On September 5, Priced Dhs1,749

Microsoft’s latest gaming console will also be available with Kinect for Dhs2,199.

Dubai Developer Nakheel Seeks Tenders For Phase One Of Deira Islands Project

Bids for phase one are due by August 14.

Hackers Warn Of Cyber Attacks On Oil Companies In Saudi, UAE, Qatar

The threat has been issued by Anonymous, a politically motivated group of hacktivists, according to Symantec.

Dubai Mulls New Fees To Curb Off-Plan Property Sales

Experts, including the IMF, have called for more regulations to govern transactions in Dubai’s off-plan property market.

Commercial Bank of Qatar To Price Benchmark 5-yr Bond On Tuesday

The lender has mandated Bank of America-Merrill Lynch, HSBC and Morgan Stanley to arrange the bond sale.

UAE’s RAKBANK Sets Initial Price Thoughts For Debut Bond Sale – Leads

The lender expects to price a deal this week, a document from lead managers said.

Bahrain’s Gulf Air Resumes Athens Flights

Carrier resumes flights to Greek capital after two-year absence

Saudi Arabia Says Rejects Foreign Intervention in Iraq

In a statement, the Kingdom blamed the crisis on years of “sectarian and exclusionary” policies.

Qatar Airways A380 Deliveries Delayed Again – CEO

The delivery had been expected around the end of May, but was pushed back after the airline rejected the aircraft during a pre-delivery inspection.

Dubai’s Arabtec CEO Says No Rift With Major Shareholder Aabar

Shares in Arabtec, one of the most heavily traded stocks in Dubai, have plunged 48 per cent from their May peak.

DEWA Says All Services Now Available On Smart Devices

DEWA’s customers conducted around 3.3 million transactions in 2013 through its website and smart app, its chief executive said.