St. Regis Abu Dhabi Opens Its Doors

Second St. Regis in the UAE capital combines business with leisure.

Eurozone Out Of Recession – ME Still Stronger

The announcement papers over the economic cracks still seen on a country-by-country basis as Spain saw its economic output fall 0.1 per cent.

Emirates, Qantas Boost New Zealand Services

Qantas will operate a new Auckland-Perth service from early December through to February 1, 2014.

Dubai’s Gold And Currency Exchange Growth Up 55%

The surge in currency volumes trade was driven mainly by Indian Rupee futures and trading in other currencies such as the Euro and Yen.

Egyptian Police Kill At Least 30 In Protest Crackdown – Brotherhood

International efforts have failed to mediate an end to a six-week political standoff between Mursi’s supporters and the army-backed government.

Health Cards For UAE Expats To Cost Dhs500

Ministry-issued health cards allow UAE expats to avail government healthcare services at half the original cost.

Egyptian Police Fire Tear Gas At Pro-Mursi Protest Camp In Cairo

More than 300 people have already died in political violence since the army overthrew Mursi on July 3.

Israel Frees 26 Palestinians As Talks Resume

Fifteen prisoners crossed an Israeli checkpoint into Palestinian territory while eleven were released in the West Bank capital of Ramallah.

Bahrain Tightens Security Ahead Of Planned Protests On Wednesday

Activists calling for democracy say they were inspired by mass protests in Egypt last month.

Construction Begins On Dubai’s Mega Theme Park

On-site work and off-site ride manufacturing has started on the upcoming IMG Worlds of Adventure theme park.

Du’s Near Miss Twitter Moment

The benefits and dangers of social media are a package deal as companies continue to embrace social media as a tool for customer communication.

Barclays Reviewing UAE Retail Business For Potential Sale

The bank’s corporate banking, private banking and investment banking activities in the UAE are not part of the review.

ME Vacationers Spend Dhs12,443 Per Head On London Hotel Stay

An average Middle Eastern traveller spends 71 per cent more on a hotel stay in London than the global average, finds survey.

UAE Air Traffic Grows 2.9% In July

Dubai recorded the highest share of air traffic with 29,074 movements, the report reveals.

UAE University Studies Cost $27,375 Annually

An HSBC report shows university students in the emirates pick degrees offering the best return on investment.

Abu Dhabi Developer Aldar’s CEO To Step Down

A new chief executive will be announced shortly, Aldar said.

Saudi Inflation Expected To Stabilise At 4.5% In 2013

Saudi’s inflation rate has been dropping for the last four months after touching a 14-month high in February.

UAE’s Abraaj and UK’s CDC Invest $17.5m In India’s Rainbow Hospitals

Rainbow Hospitals, a specialised maternity and paediatric healthcare chain, is based in Hyderabad, India.

UAE Lifts Ban On Loan Transfers For Nationals

Conditions involve the extension of personal loans, the size of each loan relative to the borrower’s income, and a maximum 48-month maturity for loans.

Emirates Starting Sialkot Services

Emirates will aim to capitalise on the region’s varied export scene.

Abu Dhabi Doubles Development Fund Capital To Dhs16bn

The activities of the Abu Dhabi Fund for Development (ADFD) will also cover the entire nation of the UAE, as per a new ruling.

Deutsche, HSBC Face Deadlock With Saudi’s STC On $1.2bn Loan

Saudi Telecom wants the banks to restructure a $1.2 billion loan taken for Axis Telekom.

Bahrain Will “Forcefully Confront” August 14 Protests – PM

Prime Minister Sheikh Khalifa bin Salman al-Khalifa has warned that those behind the planned demonstrations will be punished.

Shale Boom Offsets Fall In OPEC Oil Supply

Supply disruptions in OPEC countries like Libya and Iraq have pushed down the group’s contribution to global oil supply, estimates IEA.

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.