UAE-Taiwan trade hit by oil price drop, yuan devaluation

Taiwan’s exports to the UAE have been stagnant over the last year due to a weak yuan and oil price fall, a senior official said

Oil prices could impact regional business – SAP

Despite fears of oil price impact, the Middle East and North Africa is a strategic market for SAP

Gulf governments maintain spending to drive growth despite oil price slump – report

The report, however, warned that GCC governments’ capital spending levels could dip if oil prices continue to fall

The World’s Worst Passports For Travel in 2015

Which citizens face maximum visa restrictions and have the fewest travel options?

Abu Dhabi’s IPIC to make interest payments on $3.5bn 1MDB debt

The interest payments which IPIC said on Thursday it would be paying are on bonds belonging to 1MDB Energy Limited And 1MDB Energy (Langat) Limited

Bahrain’s Investcorp buys sports gear maker POC for $65m

Investcorp’s latest deal complements other companies in its portfolio that have similar interests

Blatter, Platini suspended from soccer by FIFA’s ethics body

It also handed out a 90-day suspension to FIFA Secretary General Jerome Valcke and banned former FIFA Vice-President Chung Mong-joon for six years

UAE passport is ‘most powerful’ in the Middle East – report

Following a visa-waiver agreement with EU, Emirati citizens can now travel to 113 countries without a visa

Egypt’s stalled $35bn housing scheme: big dreams to harsh reality

The project announced in March 2014 has stalled, highlighting Egypt’s habit of promising grandiose ventures and then struggling to deliver

Dubai to announce preferred bidder for clean coal power plant on Oct. 13

Construction of the 1200 megawatt Hassyan plant would start next year

Flydubai begins two new Russian routes despite economic slump

The airline, which launched new routes to Novosibirsk and Nizhny Novogorod,says it is optimistic about future growth

Two Abu Dhabi TV journalists injured in Yemen

Both journalists are stable and have been flown to Abu Dhabi for further medical care, officials said

Saudi Arabia seeks 715,000 tonnes of hard wheat in tender

The tender deadline is Friday, October 9 with shipment sought between December and February

UAE minister calls for Dhs 3.5bn cuts to energy spending

Residents told to stop ‘squandering’ water and electricity

Rights watchdog says second young Shi’ite faces beheading in Saudi

A Saudi court upheld a conviction against Dawoud al-Marhoon for taking part in anti-government protests three years ago and ordered him to be executed

Dubai’s Al Maktoum airport to see prep work next year for Emirates’ move

Dubai carrier Emirates plans to move its operations to the new terminal at Dubai South when it completes expansion

Two killed in bank robbery attack in Saudi Arabia

A gunman stormed into one of the branches of Al Rajhi bank, reportedly to rob the bank, and opened fire on customers and employees

Qatar National Bank Q3 net profit rises 6.1%

The bank reported a net profit of QAR 3.11bn in the third quarter of this year

Dubai Airshow site plans expansion

Dubai Airshow will see 1,100 exhibitors this year, ranging from “first timers to industry stalwarts”, officials said

UAE’s Abraaj partners with Aditya Birla Group to invest in India’s solar power

Both companies will bid for solar power projects that will be tendered at national and state levels, a statement said

Gulf rises on strong oil; Dubai tests chart barrier

Dubai’s stock index was up 1.0 per cent at 3,694 points after an hour

Saudi’s Kingdom Holding pays $50m to raise Twitter stake to 0.72%

Kingdom Holding, owned by billionaire Prince Alwaleed bin Talal, originally invested $50m in the tech company in 2011

Smartphone review: Honor 7

Gulf Business gets a sneak peek of Huawei’s new Honor 7 ahead of its regional launch

SABIC chief expects decision on $30bn Saudi project in Q2

Yousef Abdullah Al-Benyan said the economics of the project were being assessed and there was a 50/50 chance it would proceed

Flydubai flight returns to Dubai following glitch in engines

The airline said that it decided to call back the flight after discovering a technical fault with one of its engines

Kuwait says controls gas flaring from disruption at Mina Ahmadi refinery

The refinery, the country’s largest is now operating normally, KNPC said

Government support key for Islamic finance growth in UAE – experts

The UAE has been ranked as having the world’s second most developed Islamic economy ecosystem following Malaysia

UAE arrests man for insulting FNC elections

The public prosecution clarified that the arrest is not in conflict with the freedom of speech in the UAE

Go Sport to open its biggest store worldwide in Mall of the Emirates

The store will feature cycling and running areas and a 10-metre volcano-shaped climbing unit

UAE’s Shah gas project hits full output capacity – official

The multi-billion dollar project has the capacity to produce one billion cubic feet of gas per day