Qatar Investment Authority acquires $2.5bn Singapore tower

The acquisition of Asian Square Tower 1 marks the largest single tower real estate transaction in Asia Pacific

Pilot, co-pilot die in UAE military helicopter crash

The helicopter crashed over international waters during a routine flight

Riyadh Metro project now 36% complete

Tunneling excavation work completed on the $2.27bn Green line

Dubai’s ruler approves Dhs 335m RTA Expo 2020 control centre

The new five-storey building will help manage public transport systems required for Expo 2020

New SaudiGulf airline gets licence to begin domestic flights

The new airline will be awarded a national carrier licence on June 22

Iran says 80% of oil contracts with Europe are operational

Iran plans to sell 600,000 to 800,000 barrels per day to European buyers

Dubai briefly shuts airspace after unauthorised drone activity

The shutting of the airspace around noon on Saturday caused several flight disruptions

Dutch woman arrested in Qatar after reporting rape

The 22-year-old is facing charges of having an extramarital affair

Saudi may begin privatising postal system by 2017

Authorities are still studying how much of Saudi Postal would be sold

Landmark Saudi bond takes step forward

The kingdom is expected to raise at least $10bn as it seeks to tackle its burgeoning fiscal deficit

Dubai’s La Perle aqua show to pay for itself within five years

Launching in December in Al Habtoor City, La Perle will focus on Dubai’s transformation and its status as a “crossroads of civilisation”

Ras Al Khaimah defies tourism slowdown

The emirate’s hotels have managed to buck a slowdown in the regional hospitality market

Worst over for GCC jewellers after turbulent start to the year

Damas CEO says he believes the company has ‘seen the worst’

Marco Pierre White – from ‘enfant terrible’ to international businessman

During a candid Q&A session the revolutionary celebrity chef reveals the life experiences that made him a successful restaurateur

Manchester City group ready to add more clubs to roster

City Football Group chairman Khaldoon Al Mubarak has discussed the company’s future aspirations

Emaar requests Dhs 1m for apartment booking in Dubai’s Opera District

Prices at the 77-storey tower range from Dhs 2,800 to Dhs per square foot

Oman’s National Gas Company terminates CEO

Oman mulls opening housing market to expats

Expats can currently only buy property in the sultanate’s integrated tourist complexes

Emirates to pay off $1.1bn of bonds, has financing for 2016/2017

The carrier said it had already received committed offers to finance the delivery of aircraft this year

Saudi Arabia seeks partners to build 1.5 million homes

Saudi government offers property developers partnership deals to address a shortage of affordable housing

IMF warns GCC governments to up deficit reduction measures

The fund said an additional substantial deficit reduction effort is required in the region

Gulf Air’s losses narrow to BHD24.1m

Bahrain carrier records a 62 per cent reduction on 2014 losses

Starwood to open two new hotels in Riyadh

The properties will be located close to the King Abdullah Financial District

UAE and Saudi Arabia among world’s most attractive retail markets

The two countries are among the top markets for new retail development, according to the consultancy A.T. Kearney

Abu Dhabi Financial Group to acquire Shuaa Capital stake

The firm was one of three linked to the acquisition in recent weeks

EU Commission to pursue air traffic deals with UAE and Qatar

Agreements are usually done on a bilateral basis by individual governments

IBM signs technology services deal with Dubai’s Emirates Airline

The deal is designed to improve efficiency on the carrier’s passenger support systems and functions

Saudi Vision 2030 aims to double tourism sector by 2020

Vision aims to boost sector by 18 per cent over the next 14 years

DP World to build $1bn port in Ecuador

Ports developer wins 50-year concession for multi-purpose project

Corinthia to manage Meydan’s new Dubai Marina hotel

The new resort will be located on the former site of the Meydan Beach Club

Dubai property plateau suggests end to down cycle

The monthly ValuStrat Price Index indicates the ‘bottoming-out’ of Dubai residential prices