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Emirates launches A380 service to Madrid

The new service will add 2,900 seats per week between Dubai and Madrid, bringing the total number of weekly seats to and from Spain to over 22,000

UAE Q2 job growth slows as oil prices plummet

Recruitment activity in the United Arab Emirates during Q2 2015 slipped by one per cent from the previous quarter, a new study found

Dubai Metro sees 88m riders in H1 2015

Dubai Metro’s red line saw 55.7 million travellers in H1 2015 while the green line saw 32.4m million riders

Dubai’s Emaar Properties Q2 net profit rises 16%

The developer made a net profit of Dhs 1.18bn in the second quarter of 2015

Online marketplace dubizzle UAE faces security breach

The company says only a “small percentage” of its database was breached and that all financial information is secure

UAE to try 41 on charges of creating “terrorist” group

The suspects had firearms and explosives and had been in touch with militant groups abroad, a senior official said

Private equity investments into MENA reach Dhs 1.5bn in 2014

Private equity investments in the Middle East and North Africa rose 118 per cent last year, a new report shows

Dubai-based wellness centre CRYO plans up to 12 new outlets

The company has expanded internationally into Lebanon and the United States this year

Abu Dhabi Airport crosses 2m passenger mark in July

The airport saw a 17.2 per cent growth in passenger numbers during the first half of 2015

UAE is ‘logistical centre of the world’ – Rolls-Royce chairman

Ian Davis credited Emirates and Etihad Airways with helping the country become a global hub

Middle East funds turn negative as oil drops again

Only 13 per cent of investment firms expect to raise their equity allocations to the Middle East in the next three months, a survey shows

Marka sees potential for three more Modell’s stores in the UAE – CEO

Marka recently bought Retailcorp, which owns Modell’s, from state-owned conglomerate Dubai World for $60m

Abu Dhabi, Dubai exchanges explore possibility of stock futures

The exchanges have established a joint committee which will examine the issue over the next few months

Abu Dhabi airport passenger traffic up 17.2% in H1

Passenger numbers rose to 11.11 million from 9.48 million a year earlier

Video: First look at Microsoft’s new Windows 10

The new operating software, launched on Wednesday, has received rave reviews

UAE fuel price deregulation to have ‘one-off’ impact on inflation – Stan Chart

The bank has revised its average inflation forecast for 2016 to 4.3 per cent from 4 per cent previously

UAE criticises EU over opening to Iran

EU foreign policy chief Federica Mogherini has failed to understand Iran’s aims, a senior UAE minister has said

Dubai property sales prices down 8% since June 2014 – report

The market is expected to see a further drop in prices during the second half of the year, says JLL

Dubai regulator fines Arqaam $50,000 over money laundering rules

A periodic risk assessment by authorities identified deficiencies in Arqaam’s systems and controls to prevent money laundering

UAE credit growth expected to be nearly flat in 2015 – Mashreq CEO

He also forecast that the country’s banking sector profits would rise about 10 per cent in 2015

Dubai most searched-for destination by US jobseekers

The UAE city beat London and Singapore, finds new report by Aetna

Dubai airport traffic rises 16.7% in June

Traffic rose to 5.91 million passengers from 5.07 million the same time last year

UAE fuel price hike will not affect consumer goods prices – ministry

The UAE will be deregulating gasoline and diesel prices from August 1

Etisalat’s net profit falls 40%

The telecom operator blamed the drop on its troubled Saudi Arabia affiliate Mobily and foreign exchange losses

UAE to raise gasoline price 24%, cut diesel 29% in August

The price of a litre of octane 95 gasoline will climb 24 per cent to Dhs 2.14 at the start of August

UAE gasoline price hike will not have a major impact on consumers – experts

The price of a litre of octane 95 gasoline will rise by 24 per cent to Dhs 2.14 at the start of August

DP World begins $1.6bn Dubai port upgrade; says H1 container volumes up

The Dubai-based company handled 30.6 million twenty-foot equivalent units in the first half of the year

Dubai real estate agency S&K shuts down, files for bankruptcy

S&K Estate Agents (also known as Smith and Ken) has been handed to liquidators in a process to pay back creditors

Emirates to launch second daily service to Lisbon from Jan 2016

The new service will be operated by a Boeing 777-300 aircraft and follows strong demand on the route, the airline said

UAE to cut state spending by 4.2% this year – central bank

Consolidated government spending is expected to drop to Dhs 460.6bn in 2015 from Dhs 480.8bn in 2014