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UAE credit growth expected to be nearly flat in 2015 – Mashreq CEO

He also forecast that the country’s banking sector profits would rise about 10 per cent in 2015

Dubai most searched-for destination by US jobseekers

The UAE city beat London and Singapore, finds new report by Aetna

Dubai airport traffic rises 16.7% in June

Traffic rose to 5.91 million passengers from 5.07 million the same time last year

UAE fuel price hike will not affect consumer goods prices – ministry

The UAE will be deregulating gasoline and diesel prices from August 1

Etisalat’s net profit falls 40%

The telecom operator blamed the drop on its troubled Saudi Arabia affiliate Mobily and foreign exchange losses

UAE to raise gasoline price 24%, cut diesel 29% in August

The price of a litre of octane 95 gasoline will climb 24 per cent to Dhs 2.14 at the start of August

UAE gasoline price hike will not have a major impact on consumers – experts

The price of a litre of octane 95 gasoline will rise by 24 per cent to Dhs 2.14 at the start of August

DP World begins $1.6bn Dubai port upgrade; says H1 container volumes up

The Dubai-based company handled 30.6 million twenty-foot equivalent units in the first half of the year

Dubai real estate agency S&K shuts down, files for bankruptcy

S&K Estate Agents (also known as Smith and Ken) has been handed to liquidators in a process to pay back creditors

Emirates to launch second daily service to Lisbon from Jan 2016

The new service will be operated by a Boeing 777-300 aircraft and follows strong demand on the route, the airline said

UAE to cut state spending by 4.2% this year – central bank

Consolidated government spending is expected to drop to Dhs 460.6bn in 2015 from Dhs 480.8bn in 2014

Standard Chartered appoints audit head as new UAE chief executive

Group head of internal audit Julian Wynter will replace Mohsin Nathani, who resigned from the bank in April, sources said

RBS ends plan to sell UAE transaction services to ADCB

The deal was called off in part because ADCB asked at a late stage to select which of RBS’ customers it would take, sources said

Dubai Financial Market Q2 net profit drops 48%

The firm, which runs securities trading in Dubai, made a net profit of Dhs 132.4m in Q2

LuLu group buys London’s Great Scotland Yard building for $170m

The iconic building is currently being converted into a five-star hotel

Nakheel posts 53% net profit rise in first half of 2015

The company attributed the increase in profit to a rise in property handovers

British man arrested in Abu Dhabi airport for “insulting the UAE”

The man was also accused of verbally abusing security officers at the airport

Dubai Holding unit seeking to sell stake in Maltese telco Go

Emirates International Telecommunications has a 60 per cent stake in Go

UAE’s First Gulf Bank Q2 profit boosted by lending rise

FGB made a net profit of Dhs 1.45bn for the three months to June 2015, up 8 per cent to Q2 2014

Dubai residential rents fell 3% in Q2 – ADIB report

The drop in rents was attributed to a surge in supply

Exclusive interview: Dubai Airports CEO Paul Griffiths on conquering the world

Griffiths waxes lyrical on everything from F1 and space tourism to oil prices and the shortfalls of democracy

Relationships must come ‘before business’ in GCC

People looking to do business in the region must respect cultural hierarchies, says senior Arab official

Dubai Holdings unit says to pull out of Malta telecoms company

Emirates International Telecommunications Malta, which holds a 60 per cent share in Go, did not say how it plans to divest its stake

R Hotels awards deal for Palm Jumeirah resort to ANC Contracting

The hotel operator is currently building a 253-room four-star property in Palm Jumeirah

UAE oil price deregulation to boost economy, government finances

The move, which comes into effect from August 1, will increase fuel prices for residents

Abu Dhabi wins bid to host 2020 world swimming championship

The UAE capital beat rivals Lima and Almaty to win the bid

Dubai’s Emaar says committed to India, still part of MGF joint venture

Media reports in India quoted sources as saying Emaar was close to ending its decade-old joint venture with MGF Developments

Bahraini insurer ARIG plans full ownership of Takaful Re

ARIG already owns 54 per cent of Dubai-based Islamic reinsurer Takaful Re

Affordable housing in Dubai draws residents back from Sharjah

Rents in Sharjah fell 3 per cent quarter-on-quarter in Q2 as a reverse relocation trend to Dubai gained traction, says report

Emirates to launch flights to Bamako in Mali

The service to Bamako will help Emirates improve its connectivity in Africa, the airline said