Qatar Concerned Over Continued Bloodshed In Egypt

At least nine people have died in clashes between supporters and opponents of ousted president Mohamed Mursi.

Sultan Of Oman Pardons People Jailed For 2011 Protests

According to reports, those pardoned include 14 people serving prison sentences ranging from 30 months to five years.

Bahrain’s Housing Projects Help Revive Economy

The Gulf state is slowly recovering from the costs of political unrest with strong government-backed spending on housing projects.

National Bank Of Abu Dhabi H1 Profit Up 25.6%

The UAE’s largest lender made a net profit of Dhs2.6 billion in the first half of the year, on the back on increased revenues.

Qatari Lender CBQ Posts 5.6% Drop In Q2 Profit

The bank attributed the fall in profit to a provision against a domestic real estate loan.

Kuwait’s NBK Reports 19% Rise In Q2 Profit, Misses Estimates

National Bank of Kuwait posted a net profit of $165.7 million in the second quarter of the year.

UAE’s Mobile Service Revenues Hit Dhs20.4bn In 2012

With one of the highest mobile penetration rates in the world, the UAE recorded strong growth in the telecoms sector last year.

Etisalat In Exclusive Talks With Vivendi For Maroc Tel Stake

The UAE telecoms operator is planning to buy the French firm’s 53 per cent stake in Maroc Telecom for 4.2 billion euros.

Pictures: Celebrations For The Birth Of UK’s Royal Baby Boy

The prince, third in line to the throne, was born to Kate and William on Monday.

Al Jazeera America Appoints ABC News’ Kate O’Brian As President

The network is due to launch on August 20.

Abu Dhabi Property Prices Up 5% In Q2 2013

The residential sales market continued to grow due to UAE’s safe haven status while rents stabilised after a growth spurt in Q2 2013.

Dubai’s Emirates NBD Beats Forecasts As Q2 Profits Surge 50%

The lender made a net profit of Dhs972 million in the three months to June 30.

UAE Thwarts Cyber Attacks Targeting Government Sites

The cyber attacks reportedly originated from Egypt.

Dubai’s Aramex Q2 Net Profit Rises 12%

The performance of the logistics firm was boosted by growth in core Gulf and African markets.

Dubai Islamic Bank Reshuffles Management, Appoints New CEO

Adnan Chilwan, who was previously deputy CEO at the bank, replaces Abdullah Al Hamli as the new chief executive.

Nasdaq Dubai Appoints Hamed Ali As CEO

Ali has held the role of acting CEO since August 2012 following the departure of previous CEO Jeff Singer.

Majority Of UAE Residents Claim To Be Stressed But Happy

Increased cost of living and work-related issues are the main reasons causing stress, finds survey.

Dubai Consumer Complaints Rise Sharply In H1 2013

The services sector, along with the electronics sector, accounted for over half the increases in consumer complaints this year.

Egypt Gets $2bn Saudi Payment To Fix Crumbling Finances

The funds from the KIngdom were given in the form of a five-year interest-free deposit at Egypt’s central bank.

Dubai Financial Market Q2 Profit Soars On Higher Trading

The firm made a net profit of Dhs69.5 million in the three months to June 30, compared with Dhs10.2 million in the same period of 2012.

Dubai’s Retail Sector Drives Growth During Q1

Industry, finance, transportation, real estate and construction are some of the other key sectors driving economic growth in the emirate.

MENA Rail Contracts Hit $434m In Q1

The UAE rail network, which will form part of the planned Gulf-wide network, is expected to cost $10.9 billion with a 1,200 kilometre route.

Saudi’s SABIC Q2 Net Profit Up 14%

SABIC’s net income for the three months to June 30 was 6.04 billion Saudi riyals compared with 5.3 billion riyals in the same period last year.

Abu Dhabi Food Prices Rise 1.9% During Ramadan

Despite government efforts, food prices are rising throughout the Holy month with coffee, tea and cocoa up by 5.4 per cent since Ramadan began.

Bank Sohar To Consider Bank Dhofar Merger Offer

Bank Dhofar, the larger of the two lenders, said last week that it had approached Bank Sohar with regards to a merger proposal.

Kingdom Holding Posts Small Q2 Profit Rise

Net profit for the first six months of 2013 was 291.3 million riyals, 4.1 per cent up on the 279.7 million riyals made last year.

Sheikh Mansour Sells 6% Stake In Barclays

The Manchester City owner sold all of his stake in the British bank after helping to rescue the lender during the financial crisis.

New Egyptian PM Seeks Dialogue, End To Divisions

Hazem el-Beblawi, an international liberal economist, called for dialogue between political parties, adding that security had to be restored to Egypt’s streets after weeks of mass protests.

UAE Transferred $3bn In Aid To Egypt, Saudi To Follow

Gulf Arab oil producers have promised aid packages worth $12 billion to Egypt since the overthrow of president Mohamed Mursi.

UAE League Struggles Despite Riches Splashed Abroad

Among the UAE clubs, only Abu Dhabi’s Al Jazira Stadium has a capacity greater than 20,000 with most crowds often only in the hundreds.