Delta cancels Dubai-Atlanta flights as subsidy row heats up

The cancellation of the service will be effective from February 11, 2016, the airline said

Saudi public spending slowdown will impact banks – Moody’s

Moderation in government spending will slow credit growth, tighten funding and weaken asset quality

Qatar Investment Authority backs $8.6bn New York development

The Qatari fund has acquired a 44 per cent stake in the Manhattan West project from Brookfield Property Partners

Qatar rules out military intervention in Syria

Qatar has helped in arming, training and giving political support to the rebels throughout most of the four-year-old war

Briton arrested for alcohol in Saudi expected to be released

Karl Andree, 74, faced 350 lashes after being caught for producing and possessing wine

Saudi foreign minister says sees signs Yemen war nearing end

Most of Yemen’s territory that was captured by the Houthi rebels has been recaptured, he said

Dubai’s Aramex targets acquisitions in range of $150m

Acquisitions are expected to help increase the firm’s presence in growth markets

Emirates Global Aluminium in talks for $5bn loan to refinance debt – sources

The company is seeking funds to refinance loans taken for the Emal projects, sources said

Etihad Rail awaiting regulatory nod to start operations on Stage 1

Authorities are also in the final stage of tender evaluation process for the second phase of Etihad Rail, an official said

Tight liquidity may force UAE bank NBAD to raise borrowing rates -CEO

Rising rates might also impact the bank’s third quarter earnings, the lender’s chief executive said

Dubai’s Emaar Malls Q3 net profit rises 17%

Emaar Malls made a net profit of Dhs 376m in the three months to Sept. 30

Abu Dhabi’s Reem Mall plans world’s largest indoor snow-play park

The 125,000 sq ft attraction will include family-oriented activities and experiences such as sledging, zorbing and luge

Nakheel’s Golden Mile Galleria opens on Dubai’s Palm Jumeirah

New development has 70 shops, restaurants and cafes

Dubai airport passenger traffic up 8.2% in September

The airport’s traffic during the first nine months of 2015 rose 12 per cent to around 58.7 million passengers

UAE lowers petrol, diesel prices for November

The price of a litre of octane 95 gasoline will drop 5 per cent to Dhs 1.7 from Dhs 1.79 in October

UAE’s Etisalat Q3 net profit falls 8.6%

The telecom operator made a net profit of Dhs 1.95bn in the three months to September 30

RAKBank launches Elite tier

The new premium banking offering will provide customers with a dedicated relationship manager available 24/7

UAE ranked first in MENA for ease of doing business – World Bank

The UAE increased its global ranking by one spot to reach 31 among 189 countries

Michael Dell: ‘I am just on a really big adventure’

Dell CEO says he is ‘tremendously excited’ about pending $67bn acquisition of EMC

International Olympic Committee bans Kuwait over govt interference

Kuwait was also banned in 2010 over a similar dispute but was reinstated before the 2012 London Olympics

Kuwait Airways says looking for partners as expansion phase begins

The airline’s CEO said agreements with partners could go beyond code shares

Qatar Airways to expand its cargo trade – CEO

The airline is planning to have a second cargo terminal in Doha

Etihad Airways CEO sees more legal action in Air Berlin code-share dispute

The German government has said it will revoke approval for code-sharing by Etihad and Air Berlin on a number of routes which it says are not covered by the current bilateral air services deal

Emirates to operate one-off A380 flight to Sao Paulo

The flight will mark Emirates’ eighth year of operations in Brazil

Bulgaria calls Omani claim over bank collapse ‘groundless’

Oman’s State General Reserve Fund (SGRF) has taken Bulgaria to arbitration at the Washington-based International Centre for Settlement of Investment Disputes

Government approves restructuring of Oman Air

The government will take an additional OMR 138.1m ($359m) worth of shares in the airline in exchange for a cash injection which occurred last year

Bahrain’s Sheikh Salman hits out at rights abuse claims ahead of FIFA elections

Human rights groups have accused Sheikh Salman for not protecting athletes and other football players who participated in the anti-government protests

Pictures, video: Apple’s new store in Dubai’s Mall of the Emirates

Apple will be opening its new stores to the public in Dubai and Abu Dhabi on October 29

Saudis looking at raising domestic energy prices – oil minister

Allowing energy prices such as gasoline to rise would be one of the biggest economic reforms in Saudi Arabia

Sheikh Mohammed says UAE to be a ‘beacon of stability’ in Middle East

The UAE will look towards realising the goals of its Vision 2021, the Dubai ruler said