Egypt arrests Brotherhood members for alleged Suez plot

The security sources said the men formed a 13-member cell that included an employee at the Suez Canal Authority

Abraaj Capital sells 13.6% stake in Africa’s UAP Holdings

Abraaj sold its stake in the African insurance firm to London-based banking group Mutual plc

Stock news: Gulf markets fall on oil, Greece

Brent crude dropped below $60 a barrel to its lowest since mid-April after Greeks voted ‘No’ in their bailout referendum

FIFA head Blatter says political pressure behind Qatar World Cup

Blatter alleged that former French president Nicolas Sarkozy and Germany’s Christian Wulff backed Qatar as the host for the 2022 World Cup

Philippines confirms second MERS case in man who arrived from Dubai

The 36-year-old was admitted to hospital on Saturday and is under observation

Greeks defy Europe with overwhelming referendum ‘No’

Official figures showed 61 per cent of Greeks had rejected a deal that would have imposed more austerity measures

UAE’s Dana Gas wins favourable ruling in Kurdistan dispute

The Abu Dhabi-listed firm had filed an arbitration case in London in October 2013 against the Kurdistan Regional Government

Saudi Aramco lowers August Arab Light crude price to Asia

The Saudi state oil company has lowered the August price for its Arab Light grade for Asian customers by 10 cents a barrel versus July

Wamda Capital launches $75m MENA growth stage venture fund

The fund has invested in three companies including News Group International, Jamalon and LittleBits Electronics

Construction dispute values in the Middle East up 88% in 2014

Failure in administering the contract, poorly drafted claims and biased professionals were some of the top reasons for construction disputes in the Middle East, a new study shows

Gulf markets steady as investors await Greek referendum

Oil prices also subdued stock markets after Brent crude slid $1.75 to $60.32 a barrel on Friday

Saudi’s SABIC unit, South Korea’s SK form polyethylene project

Total investment will be about $640m for the technology and plant construction

Saudi-led air strikes on Yemen cities kill 16 – Houthis

The United Nations last week designated the Yemen war as a Level 3 humanitarian crisis, its most severe category

WhatsApp can officially hide online status, announces rollout of Communities

Tapping the App market

In the increasingly tech-savvy Gulf mobile apps are becoming big business

ISIL weaves web of support in Gulf Arab states

Kuwait attack has raised concerns about the number of young Saudi men willing to travel to attack Shi’ites in smaller Gulf countries, taking advantage of the visa-free travel

France bets on Arab Sunni states as Iran nuclear deal nears

France, which holds close ties with Sunni Arab states, has arguably been the most demanding among the six powers negotiating a final accord

Emirates starts A380 Dusseldorf flights

Western city becomes third in Germany to welcome the superjumbo

More than 100 dead as militants, Egyptian army clash in North Sinai

The militants’ assault was the second high-profile attack in Egypt this week after a prosecutor general was killed in Cairo

Top 10 countries with best residence-by-investment schemes

The UAE ranked 15th in an index rating countries’ residency-in-return-for-investment programmes

Tunisia sees tourism losses of $515m for 2015 after attack

Tunisia’s second terrorist incident this year involving tourists will heavily impact the sector, officials say.

MENA internet traffic to grow six-fold by 2019- study

The number of users in the MENA region is expected to reach 425m by 2019, a new study by Cisco forecast

Stock news: Gulf markets fall on Greece turmoil

Dubai’s stock index slid 1.3 per cent, heading for a second straight daily close below its 200-day average

Saudi-led jets bomb Yemen as Hadi government rejects new talks

Talks in Geneva last week ended without a resolution to the conflict, which has claimed more than 2,800 lives

ISIL supporters tweet alleged photos of Tunisia hotel shooter

The photos provide a view from the rear of a man walking down a street and holding an assault rifle

Coordinated or not, attacks show ISIL’s growing reach

The ultra-radical group clearly now poses a threat far beyond its heartland in Syria and Iraq as recent attacks show

Gulf states get more assertive as Iran edges closer to signing nuclear deal

Six world powers and Iran have started talks to reach a final agreement that swaps increased transparency for sanctions relief by June 30

As factions fight, Yemenis suffer hunger, disease, fear

Cut off from the world, caught between the fighting by Saudi-led coalition and rebels, Yemen’s 25 million people are prey to hunger, disease and a fear of death.

Saudi investor’s Ethiopian farms to raise coffee, tea output

Horizon Plantations and Ethio Agri-CEFT plans to more than double its coffee production and expand tea output.

Oil price drop is a major challenge for the GCC’s construction sector

The construction sector’s contribution to the region’s GDP almost remained flat from 5.5 per cent in 2010 to 5.7 per cent in 2014

Middle Eastern buyers to account for up to 30% of London’s home sales

Investors from the region are returning to the UK’s real estate market as they look to tap into pent-up demand