Refugee crisis, oil price slump to hit Middle East’s economic growth – IMF

Export earnings of oil producing countries in the Middle East and North Africa region fell by $360bn in 2015

UAE serviceman dies in vehicle accident in Yemen

The soldier was killed when the vehicle he was travelling in overturned on Saturday

Dubai developer to build $4.8bn tourist resort in Bosnia

The ‘Buroj Ozone’ project will include thousands of housing units, hotels and the largest shopping centre in Bosnia

Kuwait sports clubs back government in dispute with FIFA

FIFA has given the Kuwait Football Association until this week to avoid implementing a new set of sports laws

Oil market needs a leader, Saudi adviser says

The advisor called for greater international cooperation to reduce speculation and support a healthy oil market

At least 95 killed in bomb attack on pro-Kurdish rally in Turkey’s Ankara

Witnesses said two explosions happened seconds apart shortly after 10 am as crowds gathered for the rally

UAE-Taiwan trade hit by oil price drop, yuan devaluation

Taiwan’s exports to the UAE have been stagnant over the last year due to a weak yuan and oil price fall, a senior official said

SAP to acquire SmartRecruiters: What does this mean for hiring managers?

Oil prices could impact regional business – SAP

Despite fears of oil price impact, the Middle East and North Africa is a strategic market for SAP

Gulf governments maintain spending to drive growth despite oil price slump – report

The report, however, warned that GCC governments’ capital spending levels could dip if oil prices continue to fall

The World’s Worst Passports For Travel in 2015

Which citizens face maximum visa restrictions and have the fewest travel options?

Abu Dhabi’s IPIC to make interest payments on $3.5bn 1MDB debt

The interest payments which IPIC said on Thursday it would be paying are on bonds belonging to 1MDB Energy Limited And 1MDB Energy (Langat) Limited

Bahrain’s Investcorp buys sports gear maker POC for $65m

Investcorp’s latest deal complements other companies in its portfolio that have similar interests

Blatter, Platini suspended from soccer by FIFA’s ethics body

It also handed out a 90-day suspension to FIFA Secretary General Jerome Valcke and banned former FIFA Vice-President Chung Mong-joon for six years

UAE passport is ‘most powerful’ in the Middle East – report

Following a visa-waiver agreement with EU, Emirati citizens can now travel to 113 countries without a visa

Egypt’s stalled $35bn housing scheme: big dreams to harsh reality

The project announced in March 2014 has stalled, highlighting Egypt’s habit of promising grandiose ventures and then struggling to deliver

Dubai to announce preferred bidder for clean coal power plant on Oct. 13

Construction of the 1200 megawatt Hassyan plant would start next year

Flydubai begins two new Russian routes despite economic slump

The airline, which launched new routes to Novosibirsk and Nizhny Novogorod,says it is optimistic about future growth

Two Abu Dhabi TV journalists injured in Yemen

Both journalists are stable and have been flown to Abu Dhabi for further medical care, officials said

Saudi Arabia seeks 715,000 tonnes of hard wheat in tender

The tender deadline is Friday, October 9 with shipment sought between December and February

UAE minister calls for Dhs 3.5bn cuts to energy spending

Residents told to stop ‘squandering’ water and electricity

Rights watchdog says second young Shi’ite faces beheading in Saudi

A Saudi court upheld a conviction against Dawoud al-Marhoon for taking part in anti-government protests three years ago and ordered him to be executed

Dubai’s Al Maktoum airport to see prep work next year for Emirates’ move

Dubai carrier Emirates plans to move its operations to the new terminal at Dubai South when it completes expansion

Two killed in bank robbery attack in Saudi Arabia

A gunman stormed into one of the branches of Al Rajhi bank, reportedly to rob the bank, and opened fire on customers and employees

Qatar National Bank Q3 net profit rises 6.1%

The bank reported a net profit of QAR 3.11bn in the third quarter of this year

Dubai Airshow site plans expansion

Dubai Airshow will see 1,100 exhibitors this year, ranging from “first timers to industry stalwarts”, officials said

UAE’s Abraaj partners with Aditya Birla Group to invest in India’s solar power

Both companies will bid for solar power projects that will be tendered at national and state levels, a statement said

Gulf rises on strong oil; Dubai tests chart barrier

Dubai’s stock index was up 1.0 per cent at 3,694 points after an hour

Saudi’s Kingdom Holding pays $50m to raise Twitter stake to 0.72%

Kingdom Holding, owned by billionaire Prince Alwaleed bin Talal, originally invested $50m in the tech company in 2011

Smartphone review: Honor 7

Gulf Business gets a sneak peek of Huawei’s new Honor 7 ahead of its regional launch

SABIC chief expects decision on $30bn Saudi project in Q2

Yousef Abdullah Al-Benyan said the economics of the project were being assessed and there was a 50/50 chance it would proceed