Flydubai Adds Three More Routes To East Africa

The budget airline announced that it will begin services to Bujumbura in Burundi, Entebbe in Uganda and Kigali in Rwanda.

Saudi Mufti Tells Young Saudis Not To Heed Call To Jihad

Sheikh Abdulaziz Al al-Sheikh, the highest religious authority in the country, described the creed of al Qaeda and Islamic State as Islam’s “enemy number one” in his Friday sermon.

Kuwait’s Burgan Bank To Meet Investors Ahead Of Potential Tier 1 Bond

The lender will hold roadshows in Asia, the UAE and Europe from September 4, with a Tier 1-boosting bond issue to follow, subject to market conditions.

Qatar To Help Rebuild Gaza

The Gulf state released an official statement declaring its support to revive Gaza’s war torn economy.

Pictures: Qatar Airways’ New Airbus A350 XWB

The carrier is set to receive the first delivery of the new widebody aircraft in the fourth quarter of this year.

Saudi Arabia Denies Scrapping Plan To Reduce Working Hours

The confirmation comes after media reports indicated that the ministry is withdrawing the proposal to shorten working hours in the private sector.

Samsung Unveils Smartwatch That Can Make Calls Without A Phone

The Gear S has a 2-inch curved display and offers features like WiFi connectivity, pedestrian navigation and a built-in GPS.

Stock News: Arabtec, DP World May Buoy Dubai Markets

Arabtec shares jumped 13 per cent to Dhs4.79 over the past four trading days on speculation about a potential deal between Hasan Ismaik and Aabar.

Dubai’s DP World H1 Net Profit Rises 26%

The company, one of the more profitable assets of debt-laden Dubai World, posted a first-half net profit of $332 million.

Dubai’s Property Market Booming On Safe Haven Status – Senior Banker

Exclusive: The UAE has seen a flight to safety of wealth from conflict-ridden areas in the region, says Emirates NBD CEO Shayne Nelson.

Saudi Arabia Jails 23 More Men For Militancy In Security Crackdown

Those jailed have been convicted of crimes including “breaking allegiance to the ruler”, espousing a militant ideology and manufacturing explosives.

Saudi Foreign Minister, Other Top Officials Head To Qatar To Heal Rift

Saudi, Bahrain and the UAE recalled their ambassadors to Qatar in March, accusing Doha of interfering in their internal affairs.

Ras Al Khaimah Nets $118m In Tourism Revenues In H1

Occupancy levels across Ras Al Khaimah’s hotels reached 64.11 per cent while the average daily rate amounted to $69.85, generating revenues worth $14.9 million.

Nakheel To Build 12-Storey Residential Tower For Lease In Palm Jumeirah

The developer has awarded a contract worth around Dhs75 million to UAE-based Trojan General Contracting to build the complex.

Former CEO Of Dubai’s Arabtec Says Wants Over Dhs5 Per Share

Hasan Ismaik, the former CEO of Arabtec, confirmed that he was in talks with Abu Dhabi state fund Aabar to sell part of his stake.

IMF’s Lagarde Put Under Investigation In French Fraud Case

Christine Lagarde was questioned by magistrates in Paris for a fourth time this week under her existing status as a witness in a political fraud affair.

Dubai’s GEMS To Open Its First School In Qatar

GEMS American Academy-Qatar will begin with primary school but will expand to secondary education in the coming years, the operator said in a statement.

HOK-Arup Consortium Appointed To Design Dubai Expo 2020 Host Venue

The contractors, who designed the project from the Expo 2020 bid phase, are currently undertaking site readiness activities.

Dubai’s Damac Launches More Units For Sale At AKOYA Oxygen Project

The developer said that it preponed the second release of units at the AKOYA development owing to strong investor demand.

Stock News: Arabtec Lifts Dubai

Investors are hoping Abu Dhabi’s Aabar will soon buy a part of the 27.9 per cent stake held by Arabtec’s former CEO Hasan Ismaik.

Aldar Readies To Open Abu Dhabi’s Largest Geant Store In Yas Mall

Yas Mall, set to open in November, is slated to become the emirate’s first ‘super-regional’ mall.

Gaza Ceasefire Holds As Focus Turns To Longer Term

The deal, which took effect on Tuesday evening, called for an indefinite halt to hostilities and the immediate opening of Gaza’s blockaded crossings with Israel and Egypt.

Bahrain’s Gulf Finance House Gets $105m Facility From Kuwait Finance

The facility will help GFH redeem two syndicated debt facilities and allow the release of some major assets.

Iranian Minister Says Saudi Talks “Constructive”

Hossein Abdollahian was in Jeddah for the first high-level talks between the two nations since Hassan Rouhani was elected Iran’s president.

Apple Planning 12.9-Inch iPad For 2015

Apple has been working with its suppliers for over a year on larger touch-screen devices, Bloomberg reported.

Saudi Holds Eight Suspected Of Inciting Youths To Fight Abroad

Saudi Arabia has banned citizens from fighting abroad, donating money to any faction or sympathising with militant ideologies.

Burger King To Buy Canada’s Tim Hortons For $11.5 billion

The deal will create the world’s third-largest fast food restaurant group, with sales of about $23 billion.

Game Over: Has Sony’s PS4 Won The Console War?

Figures indicate that the PlayStation 4 has performed much better than its rival, Microsoft’s Xbox One.

Standard Chartered Looking To Sell Part Of UAE Business

As part of a US settlement last week, the bank agreed to end high-risk relationships with SMEs in the UAE.

Kuwait Energy Keen To Invest More In Iraq – CEO

Sara Akbar said the violence in Iraq was temporary and could not overshadow the country’s vast potential for relatively easy oil.