Dubai’s Arabtec swings to Q2 loss as costs rise

Arabtec made a net loss attributable of Dhs 718.3m in the three months to June 30

Arab Bank settles US lawsuit over attacks by militants

Approximately 500 U.S. citizens had sued Arab Bank under the U.S Anti-Terrorism Act

Kuwait seizes arms, holds suspects in militant plot

A total of 19,000 kg of ammunition, 144 kg of explosives, 68 weapons and 204 grenades were seized

Kuwait approves $10bn infrastructure projects

Among the projects are a series of power plants and desalination facilities

Lenovo’s plan to become number one in smartphones

Chinese PC giant Lenovo is pivoting towards enterprise hardware and smartphones to improve its fortunes

Emirates plans world’s longest non-stop flight with Panama service

The flight to Panama on a Boeing 777-200 LR jet will have a flight time of 17 hours and 35 minutes

Kuwait’s Agility Q2 net profit rises 5.5%

The firm said net profit in the three months to June 30 was KD 13.5m

US fashion brand Bebe plots Gulf expansion with new stores

The fashion brand is planning to open more stores in the UAE, Saudi Arabia and Qatar over the next few years

Five held in connection with deadly Bahrain blast- interior ministry

The bombing outside a girls’ school in the Shi’ite village of Sitra in July also wounded six other policemen and was the deadliest attack in Bahrain since March 2014

UAE’s Dana Gas extends earnings slump; Q2 profit plunges 85%

The company made a net profit of Dhs 25m ($6.8m) for the three months to June 30

Nearly half of Saudis are ‘uncomfortable’ with their debt – study

Many Saudis take bank loans to consolidate existing debts, according to a new report

Nakheel awards Dhs38m contract for retail centre, mosque in Al Furjan

The company said that it is developing a second retail centre within its Al Furjan community

Smartphone review: Honor 4X

Gulf Business got a sneak peek of Huawei’s new budget phablet, the Honor 4X, ahead of its regional launch

Aster DM Healthcare expands to Bahrain, invests $2m

Aster will open four more outlets in the country over the next two years – including both medical centres and pharmacies

Saudi Arabia arrests 34 suspects in Abha mosque bombing case

About 30 of those detained are Saudi nationals while the other suspects hailed from Syria, Bahrain, Yemen and Pakistan

Dubai Aquarium introduces shark breeding programme, new visitor experiences

Two new educational experiences have been introduced to provide visitors with insights into the project.

IEA says oil market rebalancing has begun, potential stock draw in Q4 2016

The current supply overhang is expected to persist through 2016, the organisation said

Middle Eastern motorists replace vehicles more than twice as often as US drivers

Vehicles listed in the Middle East were on average 5.1 years old, according to Carmudi

Property prices in Dubai Marina drop 18%, Abu Dhabi rents increase

The dip came despite the community being the most commonly searched on Dubizzle

Five minutes with.. Latifa Al Gurg, founder, Twisted Roots

Latifa Al Gurg is bringing her high-end fashion brand Twisted Roots to GCC retailers, with international markets to follow

UAE attracts highest percentage of professional talent globally in 2014

India was the leading source market for migrating talent to the UAE, attracting 28 per cent of professionals last year

Prince Ali says FIFA not credible under Blatter’s leadership

The former FIFA presidential candidate has also voiced concerns about the effectiveness of reforms taking place within the scandal-ridden organisation

Starwood, Dubai Properties sign deal for four new hotels

Under the deal, Starwood will open three Aloft hotels and one Element hotel in Dubai

Emirates to launch more A380 services on Singapore-Australia route

The airline said that it will upgrade its Dubai-Melbourne route via Singapore to an A380 from March 1, 2016

Oil could increase to $72 a barrel by end-2015 – UBS

The lender forecast oil prices could increase thanks to an improved supply-demand balance

Abu Dhabi sees 17% rise in visitors in H1 2015

Revenues for hotel establishments rose 8 per cent to reach Dhs 3.346bn in H1 2015, the latest figures reveal

Nakheel inks retail deal with Al Tayer Group for Al Khail Avenue

Al Tayer Group will bring brands including Gap, Mamas & Papas, Armani Exchange, Banana Republic, Areej, Caffe Nero, and Ocean Basket to Al Khail Avenue

UAE says 30 companies violated midday work ban

The ban prohibits companies from making their workers carry out any tasks under direct sunlight from 12.30pm to 3pm

Dubai’s July non-oil business growth slowest since 2012

The index fell to 53.1 in July from 55.5 in June, recording the slowest growth rate since March 2012

Emirates signs $5m advertising deal with Jennifer Aniston

The actress has already completed filming of an advertising campaign for Emirates