Almost 41% of UAE users downloaded paid apps in last 30 days

A survey, which polled smartphone users in Saudi Arabia, UAE, Lebanon and Egypt, found that more than 50 per cent of users downloaded more than five apps in the last month.

UAE bank ADIB eyes capital-boosting measures to back growth

The bank will convene shareholders soon to vote on a rights issue worth Dhs504 million and raise its sukuk limit to $3 billion from the existing $2 billion ceiling.

Lenovo reveals dual-screen smart watch, laser projector smartphone

The two devices were among the technology concepts showcased by the company at the TechWorld event in Beijing.

Nakheel to launch retail space for lease at Ibn Battuta Mall extension

The developer will launch 766,000 sq ft of additional shop and restaurant space for lease at the mall on June 1.

Etihad posts 52.1% rise in 2014 net profit on strong passenger growth

The airline carried 14.8 million passengers in 2014, an increase of 22.3 per cent year-on-year.

Qatar’s UDC to focus on finishing 60-tower Pearl development

About 90 per cent of the available properties on the Pearl have been bought or leased.

Saudi designates two senior Hezbollah officials as terrorists

Khalil Youssef Harb and Mohammed Qabalan have been banned from any dealings with Saudis.

Oman to deport over 1,000 foreign workers at airport project

The labourers reportedly did not have the necessary work permits for the construction sector.

Etihad to support 23,400 jobs, add $2.9bn to US economy in 2015 – study

By 2020, the airline will have committed $41 billion to the US’ GDP, an Etihad-commissioned study by Oxford found.

Chevron says output from Saudi-Kuwait joint Wafra oilfield to remain shut

The oilfield will not be reopened until difficulties to operate there are resolved, the US firm said.

Air strikes kill at least 80 in deadliest bombings of Yemen war

Arab warplanes and ships also hammered Yemen’s largest military port in the Red Sea city of Hodeida at dawn on Wednesday.

Stock News: Qatar drops on FIFA World Cup probe, arrests

The Doha index dropped 2.3 per cent to a one-month low of 12,123 points in a broad sell-off.

Qatar remains 2022 World Cup host even as Swiss investigate FIFA officials

Several high-ranking soccer officials, including two vice-presidents of FIFA, were arrested by Swiss police on Wednesday.

Abu Dhabi fund ADIA names Pandtle head of US internal equities

Pandtle, who previously worked at Eagle Asset Management, will oversee the management of US-focused equity portfolios run by the fund.

Lenovo to bring Motorola brand to Middle East later this year

The move will see Motorola smartphones available in the region for the first time.

New Bollywood movie ‘Dishoom’ to film in Abu Dhabi

The movie, starring John Abraham and Varun Dhawan, is scheduled to film in the emirate in late 2015.

Bahrain sovereign fund Mumtalakat 2014 net profit up 10.8%

The fund holds stakes in Bahraini companies including Aluminium Bahrain (Alba), Gulf Air and Batelco.

If you want Qatar state contracts, give us flight slots, says airline CEO

Akbar Al Baker’s remarks come after the Dutch government said it will temporarily stop granting new slots at Schiphol to Gulf airlines.

Nakheel says work on The Pointe mall at Palm Jumeirah 30% complete

The developer says Dhs800 million mall on track for opening in 2016.

Iran, Oman discuss Yemen war, settle maritime borders

Foreign ministers from both the countries discussed implementing a ceasefire in Yemen.

Dubai’s Marka acquires stake in UK-based e-commerce site Icons

The company purchased a 65 per cent stake in sports merchandise retailer Icons for a value of Dhs15.3 million.

Dubai Aerospace sells US aircraft maintenance firm StandardAero

The terms of the transaction were not disclosed but earlier reports hinted that the sale was worth at least $1.8 billion.

Oman cuts defence, subsidy spending, keeps investing as oil sags

Spending on “participation and support”, which includes subsidies, fell 48 per cent to OMR189.0 million in the first quarter of this year.

Dubai’s Marka to invest Dhs250m in 2015, eyes two deals

The company is looking to close deals in the UAE’s hospitality and retail sectors, officials said.

Bahrain to cut subsidies for expats as oil slump bites

The government will redirect subsidy policies to benefit local citizens only, an official said.

Over 60% of UAE residents are overweight or obese – study

Egyptians and Jordanians in the UAE were found to have the highest average BMIs among residents.

Saudi’s Almarai approves $5.6bn capex plan for 2016-20

The investment will cover expansion in the areas of farming, manufacturing, distribution and logistics.

Saudi regulator to raise IPO allocations to institutional investors

The Kingdom’s stock market is dominated by retail investors in terms of daily trading volumes.

UAE to set up Dhs100m space research centre

The centre is the first of its kind in the Middle East and will help the UAE send its unmanned mission to Mars in 2021.

Tens of thousands turn up for funeral of Saudi suicide attack victims

A suicide bombing in Qatif last week, claimed by ISIL, caused the death of 21 Shi’ite Muslims.