Improving business productivity through application-optimised networks

Application-optimised networks are key for meeting business objectives, writes Brocade MENA sales manager Fayez Eweidat

Oil prices fall as China share crisis worsens

China’s stocks tanked further on Wednesday in a deepening crisis as over 500 Chinese-listed firms suspended trading

UAE collects labour fines worth Dhs 37.5m during grace period

The ministry said that 27,962 companies have resettled fines relating to 58,365 workers registered under their sponsorships

UAE crude oil exports to fall in Q4 on refining boost -sources

The added refining capacity is expected to eat into crude available for exports, Gulf-based oil and trading sources said

Movenpick Hotels & Resorts to open fourth hotel in Jeddah

The new hotel is scheduled to open in the first quarter of 2019 and will be located on Prince Sultan road in Jeddah

Abraaj Group buys majority stake in Nigerian mattress maker Mouka

The founding family of Mouka who will retain a minority stake in the company, a statement said

UAE cabinet approves draft law on bankruptcy

The draft law reportedly presents “flexible strategies” to bailout businesses that are facing bankruptcy

UAE businessman Abdullah al-Ghurair gives third of assets to charity

Al Ghurair has donated a third of his assets to an educational foundation as part of a charity drive

Kuwait stops issuing visas for expats’ parents

The government has also reformed the validity of family visit visas issued for expats, an official said

Stock news: Oil plunge may depress Gulf; Emaar Misr key for Egypt

Brent crude dived more than 6 per cent on Monday into the $56 a barrel level

Three Saudi brothers arrested over links to Kuwait ISIL bombing

The bombing, which killed 27 people, was Kuwait’s deadliest militant attack

Sheikh Mohammed reaffirms UAE’s focus on gender equality

The UAE set up the Gender Balance Council earlier this year to empower women in the country

Saudi-led air strikes kill nearly 100 in Yemen

The UN has been pushing for a halt to the air strikes and fighting that has killed nearly 3,000 people in Yemen since March

Kuwait detains 26 over deadly ISIL attack on mosque

The suicide bombing on a Shi’ite Muslim mosque last month killed 27 people

Egypt arrests Brotherhood members for alleged Suez plot

The security sources said the men formed a 13-member cell that included an employee at the Suez Canal Authority

Aluminium Bahrain says Q2 production rises 3.1%

The company said second-quarter production stood at 238,904 tonnes against 231,713 tonnes in the same 2014 period

Emirates to launch services to Iranian city of Mashhad

The airline will soon begin a weekly service to Mashhad, its second destination in Iran

Dubai property market unlikely to see drastic correction – survey

The majority of business executives say any losses or gains in the Dubai property market will be within 10 per cent of current values, a new survey showed

GCC smartphone market up 21% in Q1 – IDC

The smartphone market’s share in the region is now just under 77 per cent

UAE bank ADIB targets 2016 acquisitions, eyes Asia, Middle East

The bank is looking for opportunities in Malaysia and Indonesia, as well as Algeria, Jordan and Morocco, its CEO said

Abraaj Capital sells 13.6% stake in Africa’s UAP Holdings

Abraaj sold its stake in the African insurance firm to London-based banking group Mutual plc

Stock news: Gulf markets fall on oil, Greece

Brent crude dropped below $60 a barrel to its lowest since mid-April after Greeks voted ‘No’ in their bailout referendum

Bahrain passes 2015-16 budget after parliament forces changes

The budget was passed after a six-month delay during which parliament forced changes to the plan

FIFA head Blatter says political pressure behind Qatar World Cup

Blatter alleged that former French president Nicolas Sarkozy and Germany’s Christian Wulff backed Qatar as the host for the 2022 World Cup

Philippines confirms second MERS case in man who arrived from Dubai

The 36-year-old was admitted to hospital on Saturday and is under observation

Top tips to choose the right property developer in Dubai

Do proper due-diligence on the developer and visit their existing projects in order to pick the right one

Greeks defy Europe with overwhelming referendum ‘No’

Official figures showed 61 per cent of Greeks had rejected a deal that would have imposed more austerity measures

UAE’s Dana Gas wins favourable ruling in Kurdistan dispute

The Abu Dhabi-listed firm had filed an arbitration case in London in October 2013 against the Kurdistan Regional Government

Mix and match: Clever customer segmentation in the Middle East

More dynamic customer segmentation strategies are needed in the Middle East, writes Mohammed Nosseir

Saudi Aramco lowers August Arab Light crude price to Asia

The Saudi state oil company has lowered the August price for its Arab Light grade for Asian customers by 10 cents a barrel versus July