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.

Islamic State Message To America: “We Will Drown All Of You In Blood”

U.S. airstrikes in northern Iraq have helped Kurdish fighters take back some territory captured by Islamic State militants.

US Bars All American Airlines From Flying Over Syria

The US Federal Aviation Administration said the move was taken after “updated assessment of risk” and a lack of airlines wishing to fly in the airspace.

Apple Plans Flagship Store In The UAE

US-based company has posted advertisements for several positions in the UAE.

Air Arabia Launches Flights To Chittagong, Bangladesh From Ras Al Khaimah

The low-cost carrier will operate three flights per week from its new hub in Ras Al Khaimah to Chittagong from September 2.

UAE Job Market Set To Grow Further – Survey

Forty-four per cent of UAE employers are definitely hiring in the coming three months.

Kuwait Detains Muslim Cleric US Suspects Of Militant Financing

Shafi al-Ajmi was detained on the border with Saudi Arabia on Sunday while returning from a pilgrimage.

Nakheel Awards Dhs59m Infrastructure Contract For Al Furjan

Dubai-based Ghantoot Road Contracting has won the contract to undertake infrastructure work in Al Furjan Phase 2.

Omani Hotel Guests in Dubai Rise 12% in H1 2014

Up to 163,000 visitors from Oman stayed in Dubai’s hotels during the first half of this year.