Dubai’s Seven Tides Launches Luxury Penthouses In Palm Jumeirah

The prices for the penthouse apartments range from Dhs20.5 million to Dhs40 million, the company said.

Bug Delays Apple’s HealthKit Availability On iOS 8

HealthKit gathers data such as blood pressure and weight from various health apps on Apple devices, and can be viewed by doctors at one place.

Emir Assures Merkel Qatar Doesn’t Fund Extremists In Syria, Iraq

Angela Merkel said Al Thani had assured her Qatar’s security was also at stake in the fight against the Islamic State and that she had “no reason not to believe what the emir said”.

Saudi Utility To Spend $80bn By 2025 To Raise Water Production

SWCC, also Saudi Arabia’s second largest power producer, now produces 3.6 million cubic meters per day of desalinated water.

German Chancellor Merkel Sees Closer Energy Cooperation With Qatar

Qatari ruler Sheikh Tamim bin Hamad Al Thani is currently visiting Berlin.

Emaar Says Shareholders To Get One Share In Malls IPO For Every 36 Held

Emaar is aiming to sell two billion shares in EMG, representing 15.4 per cent of the unit’s share capital.

GCC Banks Record Strong Growth Despite Low Interest Rates

Improving asset quality and falling credit losses have offset the downside of lower net interest margins, Standard & Poor said in a report.

Dubai Lender Mashreq Sets Sights On Egypt And Turkey, Says CEO

Mashreq also has no interest in any of Standard Chartered’s UAE operations, CEO Abdul Aziz al-Ghurair said on the sidelines of a company event in Dubai.

ENEC Says UAE’s First Nuclear Reactor Is 57% Complete

The first nuclear reactor is scheduled to enter commercial operations by 2017, the UAE’s nuclear agency said.

Saudi Arabia’s Top Clerics Speak Out Against Militancy

A statement from the state-appointed Council of Senior Scholars has also called for prohibiting militant financing.

Pictures: Qatar Airways Receives First Airbus A380

The Qatari carrier will deploy the jumbo jet on its Doha- London route from October.

New Online Real Estate Auction Platform Launches In Dubai

Called eZayed, the platform allows for physical and online bidding on real estate.

Almost 17% Of UAE SMEs Increase Staff In Last 12 Months

Around 18 per cent of SMEs in the UAE have stepped up their exports to overseas markets while 26 per cent of them have expanded their domestic operations, a new survey says.

Kuwait Airways Studying Offer To Buy 10 Boeing 777 Planes

The deal might be valued at about $3.2 billion, according to the list prices of the aircraft.

Etihad CEO Says Model Of Global Airline Alliances Is ‘Fractured’

The Gulf carrier plans to instead invest in equity stakes and codeshare deals to grow, said James Hogan.

Saudi Arabia To Allow OTC Trade Of Shares In Suspended Or Delisted Firms

The Capital Market Authority has issued rules covering such trade and will immediately start receiving requests from companies to conduct it, the authority said.

Mall Of The World, Dubai Design District To Be Showcased At Cityscape

Major projects being developed by Dubai Holding and its units, Dubai Properties and Tecom Investment will be displayed during the upcoming property show.

Zain Bahrain Extends IPO Subscription Period By Two Weeks

No reason was given in the statement for the extension, which moves the closing date for investors to buy shares in the initial public offer to September 30.

Kuwait’s Americana Says Major Shareholder Evaluating Options On Stake

The Kharafi family is the billionaire majority shareholder with 66.8 per cent of the firm.

New iPhone 6, iPhone 6 Plus Get Rave Reviews, Called “Excellent”, “Beautiful”

Apple launched the new phones on September 9, and they go on sale from September 19 onwards.

Stock News: Emaar Malls IPO May Temporarily Take Away More Money From Dubai

Emaar Properties said that institutional investors had fully subscribed to their tranche of the $1.58 billion IPO of EMG.

Qatar Airways Takes Delivery Of Its First Airbus A380

CEO Akbar Al Baker said Airbus was not to blame for the delayed delivery of the world’s largest airliner.

Saudi Court Sentences Two To Death, Jails 13 Over Attack

Saudi Arabia has arrested thousands of suspected militants since al Qaeda supporters waged a wave of attacks on residential compounds for foreign workers and on Saudi government facilities.

Qatar Regulates Charities After Western Concern Over Islamic State Funding

Qatar’s ruler approved a law to regulate charity organisations involved in politics, as well as those that sent money abroad or received foreign financing.

Aluminium Bahrain May Look Into Additional Listing In Saudi

Since listing in November 2010 on Bahrain’s index, Alba stock has struggled.

Mobile Operator Ooredoo Kuwait Cuts 165 Jobs As Market Share, Profits Shrink

The job losses account for about 15 per cent of its workforce.

New UAE Rules Aim To Develop Local Currency Bond, Sukuk Markets

The Securities and Commodities Authority (SCA) has outlined rules to make it faster and cheaper for firms to issue conventional and Islamic bonds.

Abu Dhabi’s TDIC Launches Mega Residential Project In Saadiyat Island

The development will feature nine low-rise residential buildings including apartments and townhouses positioned in five clusters that are 250 metres long each.

Saudi Corporate Earnings Growth Set To Jump Before Bourse Opening

The combined net profits of Saudi Arabia’s leading companies are expected to rise 17 per cent in 2014.

Gulf Business Industry Awards 2014: Companies Of The Year

Revealed: The winning companies of the year from retail, tourism, media, energy, banking, healthcare, aviation, IT and real estate.