Abu Dhabi’s Aabar Investments appoints new CEO

The state fund has appointed IPIC’s director of investments Mohamed Hamad Al Mehairi as Aabar’s new CEO

Dubai receives 118,000 medical tourists in Q1 2015

Around 46 per cent of medical tourists to Dubai were from Asian countries while 25 per cent of them were from other Arab countries

UAE’s foreign ministry warns citizens against flaunting “expensive” items abroad

UAE nationals travelling abroad have also been urged to register themselves on the Tawajedi services platform

Surge in new MERS cases recorded in Riyadh

The kingdom has confirmed 58 new cases of MERS since the start of August

UAE’s Etisalat says no voting rights for foreign shareholders

Etisalat in June said it would open up to 20 per cent of its shares to non-UAE citizens

Dubai’s ruler issues new law to boost public-private partnerships

The law aims to encourage the private sector to participate and invest in infrastructure development

UAE’s ENEC awards $2.5bn deals for nuclear plant construction

More than 1,100 local firms have been contracted for the delivery of products and services at the Barakah nuclear plant in Abu Dhabi

Samsung launches Note5, S6 edge+ in GCC

The manufacturer is hoping the two news devices will boost its performance in the second half of the year

UAE says introducing VAT delayed by disagreement in region

Once a decision to impose VAT is made, the public will be given about 18 months to prepare for the implementation, state news agency WAM said

Emirates to resume flights to Baghdad from Sep 17

The airline suspended operations to the Iraqi city in January because of security concerns

Dubai among world’s top 10 fastest growing city economies

Metropolitan areas continue to power national economic growth, report shows

Qatar postpones launch of wage protection system for workers to November

The delay comes as a number of private companies requested more time to prepare for the implementation of the system

Saudi Aramco to appoint new CEO for trading arm

Yasser Mufti, head of mergers and acquisitions at Aramco, will replace Said al-Hadrami, sources said

Kuwait’s Shuaiba oil refinery likely to restart “within days” – official

A fire at the 200,000 barrel-per-day Shuaiba refinery forced a total shutdown on Monday

UAE’s NMC Health completes purchase of Dr Sunny Healthcare Group

The deal expands NMC’s addressable market and patient cross-referral capabilities of its network

Saudi-led coalition bombs Yemen ‘aid port’ Hodeida

Hodeida is held by the Houthi rebels and allied army units loyal to former president Ali Abdullah Saleh

Five minutes with.. Colin Thomas and Dan Garner, founders, Jim Will Fix It

The founders of Dubai-based maintenance company Jim Will Fix It discuss industry challenges and their expansion plans

Houthi rebels occupy UAE embassy in Yemeni capital Sana’a

The UAE has called for the Houthis to evacuate the embassy immediately and restore it to the embassy staff

India, UAE plan $75bn infrastructure fund, stronger ties

The two countries plan to increase bilateral trade by 60 per cent in the next five years

Pictures: Modi’s address to 40,000 Indians in the UAE

The Indian Prime Minister concluded his two-day visit to the UAE on Monday

UAE Exchange bids for finance company Dunia

Majid Al Futtaim and other local banks have also reportedly bid for Dunia

Saudi confirms two soldiers killed on border with Yemen

The two soldiers were reportedly fighting with Yemeni Houthi rebels in Jazan province

Kuwait shuts down Shuaiba refinery after fire

No casualties were reported due to the fire at the refinery

Dnata JV invests $4m in Pakistan expansion, begins services in three airports

The unit, a joint venture between dnata and Gerry’s group in Pakistan, is planning to create 140 new jobs

Saudi Arabia finds 1,225 firms violating midday work ban

Firms violating the midday work ban will be fined SAR 10,000 ($2,665) while some could be forced to shut down, the ministry said

UAE open to meeting Indian oil demand – economy minister

Abu Dhabi currently provides 9 per cent of India’s energy needs

Emirates adds more flights to Phuket

The new flights will increase capacity by 57 per cent on the route, the airline said

India’s Modi visits UAE labour camp, Grand Mosque

Modi’s two-day visit to the UAE is the first by an Indian prime minister since Indira Gandhi’s trip in 1981

Abu Dhabi Urban Planning Council approves 26 projects in Q2

The total floor area of the developments approved more than tripled from the first quarter

Saudi’s ACWA Power says raises extra $295.7m of bank finance

It increased its 2013 revolving credit facility by SAR400m, with National Commercial Bank and Samba Financial Group contributing equally to the extra amount