New Carrefour Opens In Burjuman Following Renovation

The store is the first to open for business in the mall’s renovated North Wing.

Kuwait’s Khorafis Win Dubai Judgement Vs Bank Sarasin

No figure for compensation was set but the family has been claiming over $26.5 million.

Kuwait Detains Muslim Cleric Suspected Of Funding Militants

Hajjaj al-Ajmi was detained at the airport on his arrival from Qatar.

UAE Tells Citizens To Avoid Central London Areas Due To Crime

The warning comes after two violent attacks on Emirati tourists in the UK capital this year.

German Minister Accuses Qatar Of Funding Islamic State Fighters

Gerd Mueller presented no evidence of a Qatari link to Islamic State.

Marriott Says Protea Acquisition Helps Boost Occupancy In MEA

Marriott saw occupancy rise 4.4 per cent and RevPar increase by 3.9 per cent in the Middle East and Africa region during Q2.

Nakheel Repays All Dhs7.9bn Bank Debt Four Years Early

The state-controlled developer will repay 31 banks Dhs5.54 billion on Thursday, it said.

Hikma Pharma Cuts Revenue Forecast For Branded Drugs

The Jordanian drugmaker cited shipment issues in some north African markets.

Jeff Singer Resigns As CEO Of Dubai Financial Zone Authority

Singer was appointed CEO in July 2012, after four years as CEO of the Nasdaq Dubai bourse.

Sony Launches ‘World’s Most Waterproof Phone’ Xperia M2 Aqua In UAE

The mid-range phone, priced at Dhs1299, comes with most of the same features as the Xperia M2.

Just Falafel CEO Fadi Malas Resigns

Malas is leaving to pursue new opportunities in the SME sector, the company said.

Standard Chartered PE Invests $75m In Gulf’s Topaz Energy

Standard Chartered Private Equity will inject the equity in return for a 9.8 per cent stake in the business.

Al Jazeera Rejects Al Gore’s Allegations On Current TV Deal

The former US vice president and his partner claimed the news channel owed them “tens of millions of dollars.”

New Traffic Diversion On JBR Street Ahead Of Dubai Tram Launch

The one-km-long diversion, expected to last for a month, will be the final one ahead of the Dubai Tram launch in November.

Gaza War Resumes With Deadly Strikes, Rocket Fire

Palestinian health officials said the strikes killed 10 people including two women and four children.

Islamic State Video Purports To Show Beheading Of US Journalist

James Foley, 40, was kidnapped by armed men on Nov. 22, 2012, in northern Syria while on his way to the Turkish border.

Dubai Duty Free Reprices $1.75bn Loan For Second Time

The six-year loan, originally signed in July 2012, was split between dirham- and U.S. dollar-denominated tranches.

Google Considering YouTube, Gmail Accounts For Kids

Internet companies such as Google and Facebook Inc do not offer their services to children under 13.

Damac Launches New Mega Project, AKOYA Oxygen, In Dubailand

The new development, spread over 55 million sq ft, will include residential property surrounding a championship golf course.

Saudi Arabia’s Grand Mufti Denounces Iraq’s Islamic State Group

Sheikh Abdulaziz Al al-Sheikh said the militant groups Islamic State and al Qaeda were “enemy number one of Islam”.

National Bank Of Kuwait Appoints Nasser Al-Sayer Chairman

He succeeds Mohammed Abdulrahman al-Bahar, who died earlier this month.

Saudi Court Sentences One To Death, 30 To Jail For Militant Attacks

The men were sentenced for their part in a series of militant attacks against government and foreign targets last decade.

Dubai Creates New Fund Class To Lure Asset Managers

The qualified investor funds (QIFs) can be offered only to experienced professional investors and require less regulation.

Saudi’s Savola Says Had Initial Talks With Americana Shareholder

Kuwait’s Americana issued a statement earlier this week saying it had no knowledge of any talks with Savola on a possible acquisition.

Oman Ruler In “Good Health” Following Medical Tests In Germany

Sultan Qaboos, 73, is spending his annual leave at his residence in Germany, the royal court said.

UAE’s NMC Health Lifts Profit 27% On Higher Occupancy

Outpatient numbers grew by nearly 14 per cent and in-patient numbers by 12 per cent during the first half of the year.

Two Suspected Ebola Patients Flee Hospital in Saudi Arabia

The two men ran away from a rural health center in the Al Madinah province in Saudi Arabia, according to reports.

Saudis To Impose 20% Foreign Ownership Limit On Stocks

The Kingdom’s bourse is expected to open to direct investment by foreign institutions in the first half of next year.

Saudi Arabia Executes Four For Drug Possession

The four men were from Najran on the Kingdom’s southern border with Yemen.

Value Of Construction Projects In The UAE To Hit $315bn In 2014

Megaprojects in the pipeline and the ramping up of social infrastructure spend is boosting the market, says new report.