Kerry hopes for better Iran conduct after deal but it “may not happen”

Most Gulf Arab states are worried that Iran’s July 14 accord with the United States and other powers will hasten detente between Tehran and Washington

Emirates Reit to develop new Dhs 208.3m school in Akoya development

The real estate investment trust fund will build the facility and lease it to Jebel Ali School

Oman boosts oil production to record high in June

The sultanate is under pressure to pump more oil to make up for the drop in the price

Emirates launches A380 service to Madrid

The new service will add 2,900 seats per week between Dubai and Madrid, bringing the total number of weekly seats to and from Spain to over 22,000

Samsung launches Galaxy Tab S2 in UAE

The launch comes amid slowing growth in the global tablet market

UAE Q2 job growth slows as oil prices plummet

Recruitment activity in the United Arab Emirates during Q2 2015 slipped by one per cent from the previous quarter, a new study found

Oil hits multi-month lows on record OPEC output

The lack of a plan by OPEC to make room for the return of more Iranian oil further fuelled supply worries

Yemen Houthi boss tells men to fight on, dismisses loss of Aden

Abdel-Malek al-Houthi said that Aden’s fall occurred only because some fighters had returned home to be with their families at the end of Ramadan

Dubai Metro sees 88m riders in H1 2015

Dubai Metro’s red line saw 55.7 million travellers in H1 2015 while the green line saw 32.4m million riders

Dubai’s Emaar Properties Q2 net profit rises 16%

The developer made a net profit of Dhs 1.18bn in the second quarter of 2015

Online marketplace dubizzle UAE faces security breach

The company says only a “small percentage” of its database was breached and that all financial information is secure

Saudi central bank curbs credit card cash withdrawals -source

Previously, customers could obtain cash advances equivalent to as much as 50 per cent of their monthly credit card spending limits

UAE to try 41 on charges of creating “terrorist” group

The suspects had firearms and explosives and had been in touch with militant groups abroad, a senior official said

Saudi citizen killed in shelling from Yemen

A shell reportedly fell on a house around dawn in Najran province

Private equity investments into MENA reach Dhs 1.5bn in 2014

Private equity investments in the Middle East and North Africa rose 118 per cent last year, a new report shows

Dubai-based wellness centre CRYO plans up to 12 new outlets

The company has expanded internationally into Lebanon and the United States this year

Scandal-hit Saudi Mobily swings to Q2 net loss due to Zain dispute

The Saudi telecom operator slashed 27 months of profits last week

Saudi billionaire Prince Alwaleed’s Kingdom Holding posts 13% Q2 profit rise

The firm attributed the profit rise to higher income from its associates and joint ventures and lower costs

Abu Dhabi Airport crosses 2m passenger mark in July

The airport saw a 17.2 per cent growth in passenger numbers during the first half of 2015

Qatar Airways submits white paper to US govt on subsidies row

The airline alleges that the big three US carriers are also recipients of government subsidies and support

Russian foreign minister to meet US, Saudi counterparts in Qatar

Lavrov is visiting Qatar to discuss about Syria, Yemen and Libya, stability in the GCC and bilateral relations

Saudi-led coalition: First aim is to restore Yemeni government in Aden

Senior members of Yemen’s exiled administration flew into Aden on July 16 to make preparations for the government’s return

Three members of bin Laden family killed in UK jet crash

Media reports said the victims included bin Laden’s half-sister along with her husband and mother

Three Saudi soldiers killed in cross-border shelling with Yemen

The shelling took place in Dhahran Aljanoub, a governorate in the Saudi border region of Aseer

Flydubai: No small ambition

Six years after its launch, the low-cost carrier remains on an expansion spree and hopes to reach 100 destinations by 2016. Where is it heading?

UAE is ‘logistical centre of the world’ – Rolls-Royce chairman

Ian Davis credited Emirates and Etihad Airways with helping the country become a global hub

Middle East funds turn negative as oil drops again

Only 13 per cent of investment firms expect to raise their equity allocations to the Middle East in the next three months, a survey shows

Marka sees potential for three more Modell’s stores in the UAE – CEO

Marka recently bought Retailcorp, which owns Modell’s, from state-owned conglomerate Dubai World for $60m

Foreign firms bid for Saudi Aramco’s mega Fadhili gas project

The new plant is to have a processing capacity of 2.5 billion standard cubic feet per day

Abu Dhabi, Dubai exchanges explore possibility of stock futures

The exchanges have established a joint committee which will examine the issue over the next few months