Has the UAE property market bottomed out?

Property site says it has seen increasing buyer interest since the start of the year

Dubai’s Drake & Scull Q1 net profit falls 61%

DSI has reported worsening earnings in seven of the preceding eight quarters

Dubai’s RTA awards contract for Dhs 335m roads project in Business Bay

The project is scheduled for completion in the first quarter of 2018

Why sport matters more than ever for the region

Tim Wilkinson explains why a shift in the way the GCC thinks about sporting events can have huge benefits for the region

Saudi accuses 32 people of spying for Iran

Moody’s cuts Saudi, Oman, Bahrain debt ratings

The ratings agency downgraded Saudi Arabia’s long-term issuer rating by one notch

Abu Dhabi National Oil Company reshuffles leadership

The firm has appointed new chief executives for six of its 18 operating units

Review: Samsung Galaxy TapPro S

Samsung’s latest entrant to the convertible space offers some interesting features but may not justify the price tag

SkyTeam plots further Middle East lounges following Dubai launch

The 20-member airline alliance is eyeing further Middle East locations

Why the oil rally is losing momentum

Crude prices are struggling to rise despite signs of demand growth, says Reuters columnist John Kemp

KPMG’s chairman discusses competing in the ‘big four’

KPMG chairman John Veihmeyer talks talent, acquisitions and why the company is focusing more attention on the Middle East

Trump says Muslim ban ‘just a suggestion’

The American tycoon previously called for a complete ban on Muslims entering the US

Dubai to lose world’s richest horse race crown?

A new $12m thoroughbred race in the United States, held for the first time on January 28 next year, will top Dubai’s $10m prize

Kuwait public sector to cut “unnecessary” expats

Kuwait’s Investment Dar seeks creditor backing for new $2.7bn debt plan

Any deal is complicated by legal claims over Investment Dar’s assets

June OPEC meet to focus on dialogue, not market action – Kuwait

An earlier plan to agree on measures to stabilise soaring oil production failed during talks in Doha in April

Dubai’s Al Maktoum airport posts 79.8% jump in Q1 traffic

The passenger traffic growth was attributed to increased frequencies and growing demand

Video: Dubai’s Expo 2020 masterplan

The 438-hectare site in Jebel Ali will be divided into several sections

Iranian oil tankers to begin shipping to Europe

Nuclear-related sanctions had kept Iranian tankers from European waters for five years

Qatar’s Al-Jaber to join Volkswagen’s supervisory board

Hessa Al-Jaber will replace Akbar Al Baker as Qatar’s representative on the carmaker’s board

Construction on new Nakheel Mall almost 50% complete

The Dhs 1.2bn mall is located within Nakheel’s Palm Jumerah development

Police seek Canadians, Iranian after man shot dead in Dubai Marina

The Turkish citizen of Iranian origin was shot nine times in his car in Dubai Marina

dirhams

UAE banks to assess impact of new rules on impairments

Lenders across the world are preparing for a change to international accounting rules

More senior executives at Abu Dhabi bank FGB depart

First Gulf Bank cut close to 100 jobs in November

Emirates would buy more A380s even if new version shelved

The Dubai airline is the Airbus A380’s biggest buyer

Saudi Aramco prepares for global expansion as IPO looms

Saudi Arabia is expected to sell up to 5 per cent of Aramco via an IPO

UAE workers say CEOs accountable for data breaches

New survey reveals workers expect management to be accountable for cyber attacks even if they are not informed

Dubai’s Emirates posts 56% jump in 2015 profit

The airline benefitted primarily from cheaper fuel costs

Saudi transport committee calls for reduced Saudisation quota

The committee’s chairman said there were not enough workers for companies to reach the current target

Qatar Airways delays launch of longest direct flight to Auckland

​The route launch has been postponed to February 2017

Dubai to award Al Maktoum airport expansion tender in May

​The expansion will boost the airport’s capacity to 120 million passengers per year

Abu Dhabi’s Aldar Properties Q1 net profit up 14.1%

The firm has reported higher profits in nine of the preceding 10 quarters