Eight workers on trial in Dubai for starting riot at Arabtec site

The riot in January allegedly caused damages of Dhs 400,000

‘If you’re innocent, you’ll go to heaven after you’re hanged’ – Iranian judge

The judge’s remarks were made to Reza Hosseini who was later hanged for drug offences

Emaar unit acquires stake in UAE firm Leaders Fort Contracting

Emaar said it was exploring potential partnership opportunities with the company on its mega developments

Saudi’s largest bank eyes overseas expansion

The bank plans to grow its Turkey franchise and expand into Malaysia, Indonesia and Egypt, its chairman said

UAE law firm tweets job offer to Barack Obama

Emirati lawyer tweets outgoing president with “serious” offer

Dubai property agency to remain UK club Coventry City shirt sponsor

Realtor Allsopp & Allsopp has signed a two-year shirt sponsorship deal with Coventry City

Vodafone Qatar to cut staff as losses widen; chairman quits

The telecom operator plans to cut its workforce by 10 per cent

Dubai police to install new radars to catch hard shoulder offenders

Violators will face a Dhs 600 fine and have their vehicle impounded for a month

QIA teams up with Brookfield to bid for Australia's Asciano - report

Qatar’s sovereign wealth fund creates new $100bn unit

The fund will also abandon the Qatar Holding name, according to reports

UAE and Saudi Arabia to form co-ordination council

The two nations agreed to work more closely on matters of mutual interest

Saudi Arabia said to be holding $116.8bn in US debt

The US Treasury Department released information related to its debt for the first time in four decades

Iran arrests fashion models, blog manager in social media crackdown

Tehran’s supreme leader has declared war against ‘un-Islamic thoughts’ on the internet

Connecting the Middle East to provide $380bn benefit

Strategy& said greater telecoms competition was not necessarily needed to connect the region’s unconnected

No drop in Dubai property prices in April

The monthly ValuStrat Price Index did not decline for the first time in almost two years

Telecoms, media and technology to lead Middle East acquisitions in 2016

Companies seen showing an interest in TMT and defensive sectors as construction and real estate suffers

Ferrari World Abu Dhabi plans three ‘never-done-before’ rides

The theme park is all set to embark on the third phase of its expansion

UAE sovereign wealth funds hiring in-house to cut costs

Measures are seen as a means of reducing the “huge fees” some funds pay to external managers

Emirates announces seventh daily service to Bangkok

The new service will be operated by a Boeing 777-300ER and begin on July 1

Bahrain privately places $435m sukuk

Bahrain is stepping up its borrowing and in late February borrowed $600m

Almost 50% of UAE workers didn’t get a pay hike in 2015

Up to 28 per cent of UAE professionals don’t expect a raise this year, finds new survey

Abu Dhabi’s ADNOC cutting 5,000 jobs – report

Many companies in the Gulf are trying to cut costs as low oil prices slow economic growth

Mistui, ACWA consortium wins Oman’s largest power project

The 3,319 MW Ibri Sohar-3 power generation scheme is expected to generate 30 per cent of Oman’s electricity

Emirates’ dnata acquires US airport handler

Company chief says he expects the deal to act as a springboard to North America

US Secretary of State Kerry meets Saudi king to discuss Syria

Talks with Russia, Iran and other countries are slated to take place in Vienna on Tuesday

Middle East merger activity to continue despite low oil prices – EY

Distressed assets and changing consumer habits expected to drive deal activity in 2016

Middle East businesses printing more but not tracking costs

Decision makers found to be unaware of the cost of printing

Two die in UAE military aircraft crash

The plane crashed during a training programme in the country

WhatsApp can officially hide online status, announces rollout of Communities

91% of Saudi’s youth browse internet on mobile phones

Study shows 90.5 per cent of young people in the kingdom believe values and ethics should be promoted on social media

Saudi could make MSCI emerging markets index by 2019

Saudi market authorities recently announced an easing of foreign ownership restrictions

Dubai’s Arabtec Q1 net loss narrows as revenues rise

In April, its chairman said Arabtec could break even this year and should return to profit in 2017