Dubai’s DIFC continuing to see strong property demand

Rents have not softened within the financial hub.

Should more be done to combat medical fraud in the UAE?

It is estimated that only 20 per cent of fraudulent claims are identified at present

Pictures: Lufthansa opens new lounge in Dubai’s Concourse D

The airline also rolls out electronic bag tags

Emirates announces codeshare with Russia’s S7 Airlines

Deal will include the Moscow – St Petersburg route

AccorHotels plans to ‘more than double’ Middle East footprint following FRHI acquisition

$2.9bn deal was announced in December.

Pictures: submarines and hydrofoils at Dubai International Boat Show

Some of the more exotic craft on display.

Emirates delays ‘world’s longest flight’ Dubai to Panama again

Route may not begin until early 2017.

Qatar’s beIN Media acquires global film studio Miramax

Sellers included Qatar Investment Authority and Colony Capital.

Are GCC banks prepared for the new upcoming accounting standard IFRS9?

The new reporting standard will impact banks’ financial statements.

Qatar Airways’ first Sydney flight arrives in Doha

New route will be operated by a Boeing 777-300.

Starwood to launch Middle East’s first Aloft-branded resort in Palm Jumeirah

The property will be the first mid-market hotel brand on the island.

dubai limousine

Dubai Taxi Corporation launches limousine rival to Uber

New service will allow customers to hail a driver through a smartphone app.

Turkish hacker behind $40m Bank Muscat card heist pleads guilty

A string of cyber-attacks saw $55m fraudulently withdrawn from ATMS worldwide over three years.

Samsung Gulf confident of Galaxy S7 sales despite economic headwinds

The S7 and S7 Edge will be available in the GCC later this month.

Gulf-backed football teams could leave Champions League

Arsenal and Manchester City among English teams considering new breakaway competition.

Over 60% of UAE residents unaware about credit card interest rates – survey

An estimated 5.9 million debit and credit cards are in circulation in the UAE.

Nakheel to launch St. Regis branded beach club in Palm Jumeirah

The club will feature dining, leisure and fitness venues.

Dubai Parks and Resorts signs vendor agreements ahead of October launch

Deals have been signed with HB Leisure, Penny Press Factory, Best Locker and Scooter Bug.

Ooredoo loses 1.5m Iraqi customers, profit flat

Despite the loss, the company’s global customer base was up 9 per cent.

Forbes billionaires list: Top 10 richest people in the GCC

Saudi billionaire Prince Alwaleed once again tops regional rich list.

OPEC production cut deemed unlikely in June

Reports suggest Saudi Arabia wants to watch Russia and Iran before making any move.

Oman’s new low cost carrier named Salam Air

Name was chosen following an online poll.

Azerbaijan grants visa on arrival access to GCC citizens

UAE nationals had visa restrictions lifted in November.

Sheikh Mohammed launches Dhs 30bn mega ‘Wholesale City’

The new development aims to tap into the global wholesale sector.

Middle East IT spending to reach $213bn this year

Gartner predicted positive growth despite economic uncertainty.

New FIFA head: Qatar 2022 World Cup will go ahead

Gianni Infantino calls for Qatari officials to organise “best-ever” World Cup

Dubai investors launch ‘world’s greenest’ resort

Liwa project boasts 14,500 sqm of solar panels.

Airbus says work underway on new A330 Regional for launch customer Saudia

The Saudi national carrier has placed an order for 20 A330-300 Regional aircraft.

Emirates starts world’s longest flight

Carrier’s return flight from Auckland tops the ultra-long-haul table.

Arabtec shares surge after former CEO increases stake

Builder sees stock price jump after a reported minor stake increase by Ismaik.