Flydubai: No small ambition

Six years after its launch, the low-cost carrier remains on an expansion spree and hopes to reach 100 destinations by 2016. Where is it heading?

UAE is ‘logistical centre of the world’ – Rolls-Royce chairman

Ian Davis credited Emirates and Etihad Airways with helping the country become a global hub

Middle East funds turn negative as oil drops again

Only 13 per cent of investment firms expect to raise their equity allocations to the Middle East in the next three months, a survey shows

Marka sees potential for three more Modell’s stores in the UAE – CEO

Marka recently bought Retailcorp, which owns Modell’s, from state-owned conglomerate Dubai World for $60m

Foreign firms bid for Saudi Aramco’s mega Fadhili gas project

The new plant is to have a processing capacity of 2.5 billion standard cubic feet per day

Abu Dhabi, Dubai exchanges explore possibility of stock futures

The exchanges have established a joint committee which will examine the issue over the next few months

Abu Dhabi airport passenger traffic up 17.2% in H1

Passenger numbers rose to 11.11 million from 9.48 million a year earlier

Video: First look at Microsoft’s new Windows 10

The new operating software, launched on Wednesday, has received rave reviews

Kuwait says uncovers ISIL network

The group, including five Kuwaitis, were reportedly involved in fighting operations in Syria and Iraq

UAE fuel price deregulation to have ‘one-off’ impact on inflation – Stan Chart

The bank has revised its average inflation forecast for 2016 to 4.3 per cent from 4 per cent previously

Bahrain identifies suspects in Tuesday’s bombings

The attack which killed two policemen and wounded six people, was the deadliest such attack in Bahrain in months

Taiwan’s Advantech expects ME business to grow 30% ahead of Expo 2020

The tech company is planning to open an office in Dubai next year to tap into regional opportunities

UAE criticises EU over opening to Iran

EU foreign policy chief Federica Mogherini has failed to understand Iran’s aims, a senior UAE minister has said

Qatar’s Ooredoo Q2 net profit falls 39% on Iraq, forex

The telecom operator’s profit drop marks the sixth decline in eight quarters

Dubai property sales prices down 8% since June 2014 – report

The market is expected to see a further drop in prices during the second half of the year, says JLL

Dubai regulator fines Arqaam $50,000 over money laundering rules

A periodic risk assessment by authorities identified deficiencies in Arqaam’s systems and controls to prevent money laundering

UAE credit growth expected to be nearly flat in 2015 – Mashreq CEO

He also forecast that the country’s banking sector profits would rise about 10 per cent in 2015

Saudi soldier killed in shooting in eastern district

Authorities have reportedly arrested two people suspected of being linked to the incident

Dubai most searched-for destination by US jobseekers

The UAE city beat London and Singapore, finds new report by Aetna

Dubai airport traffic rises 16.7% in June

Traffic rose to 5.91 million passengers from 5.07 million the same time last year

Microsoft launches Windows 10 as a free upgrade

The upgraded OS comes with a new browser – Microsoft Edge and new apps for Xbox and Office

UAE fuel price hike will not affect consumer goods prices – ministry

The UAE will be deregulating gasoline and diesel prices from August 1

Etisalat’s net profit falls 40%

The telecom operator blamed the drop on its troubled Saudi Arabia affiliate Mobily and foreign exchange losses

Top 10 waterparks in the Middle East – TripAdvisor

Aquaventure at Atlantis in Dubai was ranked best in the region in TripAdvisor’s 2015 travellers’ choice waterparks awards

Kuwait awards $11.5bn contracts to build al-Zour refinery

The signing of all the contracts is expected to take place in early October

Saudi-led raid on Yemen plant appears unlawful – Rights Watch

The coalition may have committed a war crime when it bombed two residential compounds, killing 65 people including 10 children, HRW said

Qatar Airways, flydubai reject reports of interest in India’s SpiceJet

Qatar Airways said the only airline it is talking to regarding a stake purchase is low-cost carrier Indigo

UAE to raise gasoline price 24%, cut diesel 29% in August

The price of a litre of octane 95 gasoline will climb 24 per cent to Dhs 2.14 at the start of August

Bahrain links explosives in Tuesday bombing to Iran

On Saturday, the government said it had foiled an explosives smuggling plot by two Bahrainis with ties to Iran

UAE gasoline price hike will not have a major impact on consumers – experts

The price of a litre of octane 95 gasoline will rise by 24 per cent to Dhs 2.14 at the start of August