Emaar’s Housing And Land Sales Double

Emaar generated revenue of Dhs1.63 billion in the three months ending June 30 compared to Dhs815.6 million a year earlier.

Dubai’s MAF Signs JV With Gourmet Gulf, Enters F&B Market

Gourmet Gulf holds franchise rights for brands like California Pizza Kitchen, Morelli’s Gelato and YO! Sushi.

Du Retracts Fee Hike On Service Packages After Twitter Outrage

Du customers have now been given an option to unsubscribe from the automatically upgraded home service package within three months.

Noor Islamic Bank Reports Dhs100m H1 Net Profit

The Dubai-based bank also announced an increase in customer deposits of 22 per cent while its customer base rose by 14 per cent.

Libya’s Two Largest Oil Export Terminals Closed

Strikes have again halted loadings at the Es Sider and Ras Lanuf terminals, following a recent two-week outage.

Emirates Investment Bank Sees Q2 Profit Rise 48%

The Dubai-based private investment bank reported net profit for the first half of the year was up 28 per cent on 2012.

RAKBANK Appoints New CEO – Sources

Peter England, previously a senior banker at Malaysia’s CIMB Group, will take up the role.

Apple To Release New iPhone On September 10 – Reports

The US tech giant is also expected to unveil a new cheaper version of the device next month.

Egypt Expected To Act Against Pro-Mursi Protesters On Monday

Almost 300 people have been killed in political violence since the overthrow of President Mohamed Mursi.

Dubai’s RTA Completes 100km Of Master Bicycling Track Project

Dubai plans to construct 850kms of cycling tracks across Dubai in the next few years.

Bahrain Deports US Teacher For Writing Articles On Radical Websites

The woman was accused of violating the terms of her work permit and using Twitter to spread misinformation.

US Reopens UAE, Saudi Embassies On Sunday

The US embassy in Sanaa, Yemen will remain closed due to security concerns.

Car Bombs Kill Nearly 80 In Iraq, Target Eid Festivities

More than 1,000 Iraqis have been killed in July, the highest monthly death toll since 2008.

Qatar World Cup “Impossible” In Summer – FA Chief

The 2022 FIFA World Cup is likely to be shifted to winter, says chairman of the Football Association, Greg Dyke.

Bahrain Prime Minister Issues Warning Ahead Of Planned Protests

Protesters inspired by the rebel protests in Egypt last month have called for rallies on Wednesday

Camels Are Prime Suspects In Deadly Saudi Virus Outbreak

The World Health Organisation says 46 people have died out of the Middle East Respiratory Syndrome Coronavirus.

Turkey’s Lira Defence A Lesson For India

India and Turkey’s central banks have taken contrasting approaches to the devaluing of their respective currencies.

Is It The Right Time To Invest In India’s Property Market?

As the value of the rupee depreciates, Indian developers are luring NRIs to invest in India’s real estate market.

Dubai’s Rotating Tower Plan Given New Life

Dynamic Tower will be a rotating skyscraper measuring 80 stories high and rotating a full 360 degrees every 90 minutes.

Qatar’s Al Gharafa Sign Lyon Striker Lisandro

Lisandro scored 11 goals in Ligue 1 last season for French side Olympique Lyon.

S&P Downgrades Al Baraka Bank To Junk Status

The Islamic lender’s rating was reduced from BBB- to BB+ with a negative outlook on the back of increased sovereign and economic risk in the regions where it operates.

Rolls-Royce Bespoke Demand Drives Growth

The high-end car manufacturer named Abu Dhabi as its most successful market in the world last month and its biggest global market for its bespoke vehicles.

Kuwait’s KIPCO Reports 11% Q2 Net Profit Rise

Net profit in the three months to June 30 was 9.5 million dinars compared with 8.6 million dinars in the same period last year.

Saudi Offers Russia Deal To Scale Back Assad Support

Sources say Saudi Arabia wants Moscow to ease its strong support of Assad and agree not to block any future Security Council Resolution on Syria.

Egypt At ‘Dangerous Stalemate’ In Political Crisis

Acting President Adli Mansour, in a message on the eve of the Muslim Eid al-Fitr holiday, said Egypt was in critical circumstances.

Eid Declared On Thursday, August 8

Private sector employees will be off on Thursday, August 8 and Friday, August 9.

Bahrain In Talks Over Possible Eurofighter Deal-BAE

The Eurofighter combat jet is made by BAE Systems and Italian weapons maker Finmeccanica and EADS

UAE Residents Spend Dhs10,000 Annually On Gadgets

A recent study found 68 per cent of UAE residents spend at least Dhs10,000 every year on technology, with 71 per cent admitting they are addicted.

Gold Falls To Three-Week Lows On Stimulus Fears

Bullion has lost around 25 per cent of its value this year.

Dubai’s Ruler Signs Dhs2.1bn Emirati Housing Grant

Sheikh Mohammed approved the scheme which will help 5,000 families before the end of the year.