Aramex co-founder sells stake

The value of the sale was not disclosed

Saudi to compare expat remittances to earnings

The new mechanism could potentially impact millions of expats who live and work in the kingdom

UAE telecom operator du posts 11.3% dip in Q2 net profit

The firm reported declining profits in the preceding six quarters

Over 270m people used public transport in Dubai during H1 2016

Dubai Metro users rose by 9 per cent in the first half of the year

Ejari certificate needed to activate utility services in Dubai – DEWA

DEWA customers can receive utility services and Ejari certificates at all RERA accredited offices

US allows American-made planes to be flown to Iran

A new licence allows US-made planes to have “temporary sojourn” in Iran

Why Islamic finance is picking up in Europe

A high profile event in Madrid highlighted the growing ambitions of European countries in the realm of Islamic finance

Saudi billionaire Prince Alwaleed’s Kingdom posts 22% Q2 profit drop

The firm attributed the profit drop to lower income from associates and joint ventures

VPN users in UAE could be fined up to Dhs 2m under new law

The new law aims to clamp down heavily on cybercrime

UAE fuel prices to decline in August

Prices increased the previous four months

Profit at Abu Dhabi's Mubadala climbs 12.4%

Abu Dhabi’s Mubadala to buy 20% of Bahrain’s Investcorp

Mubadala will buy 9.99 per cent of Investcorp immediately

Indigo flight from Dubai diverted to Mumbai due to “unruly behaviour”

A passenger onboard the aircraft reportedly turned “violent”

Saudi Aramco’s clean fuels project receives foreign bids

The $2bn-plus scheme will remove sulphur from refined oil products

UK welcomes record 77,000 visitors from the UAE in Q1

Officials say growing number of Emiratis making use of the UK’s electronic visa waiver system

Saudi grooms told verbal approval required from bride to marry

The country’s justice minister has warned verbal approval is required under Shariah law

Turkey dismisses military, shuts media outlets as crackdown deepens

So far, tens of thousands of people have been suspended or placed under investigation since the July 15-16 coup

NBAD CEO says will not be part of bank’s senior team after FGB merger

The bank posted a 4.8 per cent fall in second-quarter net profit

UAE telecom operator Etisalat Q2 profit rises 51%

Profit rose on foreign exchange gains and lower finance costs and royalties

Dubai developer Nakheel reports flat Q2 profit growth

Net profit for the first six months of 2016 was up 4 per cent

UAE to finally get data-driven ‘people meters’

Broadcast giant MBC still yet to back service until data is determined ‘credible’

Dubai property market will see upturn in 2017- KPMG

IMF says UAE’s property loans improving despite price slide

Dubai’s average residential real estate price plunged 11 per cent in 2015

Tests undertaken to check safety of Emaar’s new ‘tallest’ Dubai tower

When ready, The Tower at Dubai Creek Harbour will be 100 metres taller than the Burj Khalifa

Oman Tourism reveals plans for three hotels by 2018

The three properties will total 900 rooms

Abu Dhabi Media Group to relaunch Radios 1 and 2

Former Gulf News Broadcasting staff ‘invited to apply’ for new positions

UN to probe if 54°C recorded in Kuwait is highest-ever in Asia

Large parts of the Middle East and North Africa have been affected by heatwaves since last week

Oman relaxes visa rules

Travellers on multiple entry visas will now be able to stay for longer

Airline subsidy row: US government exonerates Gulf carriers

Long-running Open Skies row ends with no further action

Saudi may loosen stock foreign ownership limit in 2016

New regulation lowering requirements on foreign investors and allowing them to own larger stakes was expected in 2017

Abu Dhabi’s Etihad to launch second A380 service to New York

The superjumbo will replace a Boeing 777-300ER currently serving the route

Qatari telco Ooredoo Q2 profit up 16.4%

The operator’s profit was boosted by increasing customer numbers across the group