Qatar National Bank posts 16% rise in Q2 net profit

The bank’s profit was boosted by its purchase of Turkey’s Finansbank

Kuwait studies privatisation of oil services to boost revenues

Any privatisation plans in Kuwait will not include its oil production facilities

Dubai’s Damac launches hotel, residences complex at Akoya Oxygen

The Beach at Navitas Hotel & Residences will offer apartments with access to artificial sandy beaches

Different Arab money

Brexit will not have major impact on GCC sovereigns – Moody’s

UK bank financing to the GCC may slow, but impact will be minimal

Qatar Airways to buy 10% of LATAM Airlines, eyes Meridiana stake

Qatar Airways’ deal with LATAM will inject $613m into the Chile-based carrier

World’s highest observation wheel takes shape in Dubai

Previously called Dubai-I, the wheel has now been renamed Ain Dubai

Saudi prosecutors bring charges over Grand Mosque crane disaster

At least 107 people died when a crane toppled over at Mecca’s Grand Mosque last year

Dubai among top five cities globally for entrepreneurs

The emirate ranked high on ease of doing business and political safety and security

A closer look: Britain’s new PM and the Middle East

During her time as home secretary, Theresa May has fostered relations with several Middle Eastern nations

Housing allowances in the UAE up roughly 4% in 2016 – report

The rise in allowances is partly because of a few organisations doing a market correction

Saudi Arabia’s first Snow City to open this week

The attraction will offer dramatically different conditions to the local climate

Abu Dhabi’s Mubadala forms aircraft composites joint venture with Solvay

The joint venture has already been awarded its first primary materials supply contract by Boeing

Kuwait to privatise parts of its oil sector – report

The plan will enable Gulf and foreign investors to bid for part of the offered shares

Bangladesh to ban Dubai-based Islamic TV channel

Peace TV features speeches by Indian hardline preacher Zakir Naik

Careem announces $100m research and development strategy

Investment includes new hires in the UAE and Pakistan

New heart-shaped island resort in Dubai aims to woo honeymooners

The new development will be part of Kleindienst’s The Heart of Europe project

Qatar Airways announces $440m net profit for 2016

The carrier group published its financial results for the first time on Monday

Air Arabia launches new route to Georgia’s Batumi

The low cost carrier will operate two weekly flights from Sharjah

Flydubai to launch double daily service to Bangkok

The service is likely to be one of the airline’s longest in terms of travel time

Dubai reveals new public parking rates for commercial areas

Dubai business conditions improve in June

The emirate saw the fastest rise in new work since March 2015, finds Emirates NBD index

1,000+ mobile shops closed after violating Saudisation rules

Inspections will continue until a 100 per cent Saudisation deadline on September 2

Man indicted of plotting to kill US judge is not Emirati – minister

The suspect, an Asian, lived in the UAE from 2004 to 2008

UAE remittances soar to $1.36bn over Eid

Brexit vote and pound devaluation impacted amount sent by UK expats

Snapchat in hot water after GCC users complain about ‘racy’ content

UAE regulator allegedly contacted social platform over ‘objectionable content’

UAE’s Etisalat launches voice-over-LTE services

The service is expected to improve the quality of voice and video calls

US Air Force urges decision on delayed Mideast fighter jet sales

US official says frustration is growing in the GCC countries that have asked to buy US fighter planes

Hiring in UAE’s non-oil private sector slows further in June

The rate of hiring was among the weakest recorded by the monthly Emirates NBD survey

UAE embassy in the US urges Emiratis to avoid protest areas

UAE citizens urged to stay alert as US hit by wave of protests

Iran expects fire-hit petchem plant back online within weeks

The fire broke out at the complex in the city of Bandar Mahshahr on Wednesday but caused no fatalities

RTA

RTA to open Jumeirah Bridge this month as part of Canal project

The six-lane flyover is scheduled to fully open on July 21