Air Arabia Adds Four Flights Between Ras Al Khaimah And Muscat

The low-cost carrier will now operate 21 weekly flights between the UAE and Muscat.

Dubai Among Top Three Destinations For Wealthy Chinese Travellers

A new study shows that the emirate rose to the third position this year, up from the eighth position in 2013 in the list of most popular destinations for China’s rich travellers

Qatar Airways Starts Tokyo Haneda Flights

Doha carrier now serves both city hubs and is the latest carrier to fly to the more conveniently located airport

UAE Government Advisory Council Passes Draft Law To Combat Horse Doping

The bill, which covers all equestrian disciplines from racing to polo, outlines financial penalties from Dhs20,000 to Dhs500,000 ($5,400-$136,100) for various doping offences.

Middle East Luxury Good Market Steady Despite Regional Worries

The GCC luxury goods market has continued to grow fast, at a rate of five to eight per cent.

Almost 50% Of Middle East’s Finance Professionals Want To Change Jobs

A new survey finds that a quarter of finance professionals said that lack of career progression was one of the main reasons for changing jobs.

Saudis To Keep Reserve Management Strategy – Central Bank

The country’s net foreign assets are currently worth about $730 billion.

Iraq’s Biggest Oil Refinery Shut Down, Foreign Staff Evacuated

Baiji, one of three oil refineries in Iraq, was shut down amidst rising sectarian violence in the country.

UAE’s RAKBANK Launches $500m Debut Bond Issue

RAKBANK, rated BBB-plus by Fitch, attracted books of over $1.5 billion for its offer.

Emaar Introduces Giant Crocodile To Dubai Mall Aquarium

The 750kg reptile, brought in from Australia, becomes latest attraction in Dubai Mall, as Emaar seeks to boost visitor footfall.

Commercial Bank Of Qatar Tightens Guidance For Five-Year Bond

The lender has gathered more than $2.25 billion in orders for its bond sale so far.

UAE’s Masdar, Saudi’s KACARE Sign Deal To Develop Clean Energy

The agreement will facilitate joint investments by both organisations in clean energy projects and green technology investment funds.

Xbox One To Launch In UAE On September 5, Priced Dhs1,749

Microsoft’s latest gaming console will also be available with Kinect for Dhs2,199.

Dubai Developer Nakheel Seeks Tenders For Phase One Of Deira Islands Project

Bids for phase one are due by August 14.

U.S. Considers Airstrikes On Iraq, Holds Talks With Iran

A senior U.S. official said Obama had not yet decided on a course of action.

Apple Settles E-book Antitrust Case With US States, Others

The U.S. Department of Justice sued Apple and five publishers in April 2012, accusing them of working together illegally to increase e-book prices.

Hackers Warn Of Cyber Attacks On Oil Companies In Saudi, UAE, Qatar

The threat has been issued by Anonymous, a politically motivated group of hacktivists, according to Symantec.

Dubai Mulls New Fees To Curb Off-Plan Property Sales

Experts, including the IMF, have called for more regulations to govern transactions in Dubai’s off-plan property market.

Commercial Bank of Qatar To Price Benchmark 5-yr Bond On Tuesday

The lender has mandated Bank of America-Merrill Lynch, HSBC and Morgan Stanley to arrange the bond sale.

Egyptian PM Mehleb’s New Government Sworn In

Mehleb, followed by his ministers, took the oath of office in front of President Abdel Fattah al-Sisi, the former army chief who re-appointed the premier in May.

Egypt Frees Al Jazeera Journalist On Hunger Strike

Al Jazeera journalist Abdullah Al-Shamy was one of 13 people freed on health grounds on Monday.

UAE’s RAKBANK Sets Initial Price Thoughts For Debut Bond Sale – Leads

The lender expects to price a deal this week, a document from lead managers said.

Bahrain’s Gulf Air Resumes Athens Flights

Carrier resumes flights to Greek capital after two-year absence

US Navy Ship With 550 Marines On Board Moves Into Gulf

The ship will support possible US action to help Iraq’s government combat a insurgency in the country.

Up to 25% Of Top 50 Global Banks Will Launch A Banking App Store by 2016 – Gartner

Banks need to adopt a more simplified approach to apps in order for customers to fully grasp the concept, says Gartner.

Egyptian PM To Launch New Government After Sisi’s Election

The new government includes 10 new ministers and a new investment ministry separate from that of industry and trade.

Saudi Arabia Says Rejects Foreign Intervention in Iraq

In a statement, the Kingdom blamed the crisis on years of “sectarian and exclusionary” policies.

Qatar Airways A380 Deliveries Delayed Again – CEO

The delivery had been expected around the end of May, but was pushed back after the airline rejected the aircraft during a pre-delivery inspection.

Dubai’s Arabtec CEO Says No Rift With Major Shareholder Aabar

Shares in Arabtec, one of the most heavily traded stocks in Dubai, have plunged 48 per cent from their May peak.

DEWA Says All Services Now Available On Smart Devices

DEWA’s customers conducted around 3.3 million transactions in 2013 through its website and smart app, its chief executive said.