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Etihad Cargo Among The World’s Top 10 Performing Global Air Cargo Operators

The cargo operator was included in the list after seeing record April and May tonnage.

Emirates To Launch A380 On San Francisco, Houston Routes

The airline will add over 135 seats to San Francisco and 137 seats to Houston after it launches the jumbo A380 on these routes.

GCC Visitors Spend $500,000 On First 4 Days Of World Cup In Brazil – Visa

The amount represents a five-fold increase compared to the same period (June 12 – June 15) in 2013, said Visa.

UAE’s Abraaj Submits Tender To Buy Cairo Medical Center

The investment firm said it plans to make a significant capital expenditure in the listed Egyptian hospital.

Etihad Airways Denies Talks With Malaysian Airlines Over Equity Stake

Shares of Malaysian Airline System Bhd rose the most in more than a year on Wednesday following a media report that the carrier will form a partnership with Etihad Airways.

UAE Firm Appointed Retail Consultant For $1bn Reem Mall Project

Construction on Abu Dhabi’s Reem Mall is expected to begin in 2015, with the project slated to complete in 2018.

India Plans To Pay $1.65bn Iran Oil Dues Via UAE Central Bank

Under the proposed new arrangement, the Reserve Bank of India would buy the dollars from authorised currency dealers, instead of the Indian oil buyers tapping the currency market.

UAE Ranks 12th Globally By Proportion of Millionaire Households

According to the report, 3.3 per cent of UAE households hold private wealth of at least $1million.

Dubai’s Arabtec Says To Protect Shareholders After CEO Quits

The company confirmed the appointment of Mohamed Al Fahim as Arabtec’s acting CEO for an unspecified “temporary period”.

UAE Recalls Envoy To Iraq, Hits At Baghdad’s “Sectarian” Policies

The foreign ministry said that the UAE, a close ally of Saudi Arabia, opposed any interference in Iraq’s affairs.

Accor To Develop Middle East’s Largest Ibis Hotel In Dubai

The 588-room hotel, located in the Dubai World Trade Centre District, is scheduled to open in Q1 2016.

Dubai’s Arabtec CEO Resigns; Fahim To Be Acting CEO

Dubai builder Arabtec’s share price plunged as much as 50 per cent in the last six weeks.

UAE Ranks Fourth Among World’s Most Attractive Global Retail Markets

Saudi Arabia, Kuwait, Oman and Jordan were the other attractive retail markets in the Middle East, according to a new report.

Air Arabia Adds Four Flights Between Ras Al Khaimah And Muscat

The low-cost carrier will now operate 21 weekly flights between the UAE and Muscat.

Dubai Among Top Three Destinations For Wealthy Chinese Travellers

A new study shows that the emirate rose to the third position this year, up from the eighth position in 2013 in the list of most popular destinations for China’s rich travellers

UAE Officials Confirm Ramadan Will Begin On June 29

The fasting hours this year are expected to last for around 15 hours, according to the Sharjah Planetarium.

UAE Government Advisory Council Passes Draft Law To Combat Horse Doping

The bill, which covers all equestrian disciplines from racing to polo, outlines financial penalties from Dhs20,000 to Dhs500,000 ($5,400-$136,100) for various doping offences.

Middle East Luxury Good Market Steady Despite Regional Worries

The GCC luxury goods market has continued to grow fast, at a rate of five to eight per cent.

UAE’s RAKBANK Launches $500m Debut Bond Issue

RAKBANK, rated BBB-plus by Fitch, attracted books of over $1.5 billion for its offer.

Emaar Introduces Giant Crocodile To Dubai Mall Aquarium

The 750kg reptile, brought in from Australia, becomes latest attraction in Dubai Mall, as Emaar seeks to boost visitor footfall.

UAE’s Masdar, Saudi’s KACARE Sign Deal To Develop Clean Energy

The agreement will facilitate joint investments by both organisations in clean energy projects and green technology investment funds.

Xbox One To Launch In UAE On September 5, Priced Dhs1,749

Microsoft’s latest gaming console will also be available with Kinect for Dhs2,199.

Dubai Developer Nakheel Seeks Tenders For Phase One Of Deira Islands Project

Bids for phase one are due by August 14.

Hackers Warn Of Cyber Attacks On Oil Companies In Saudi, UAE, Qatar

The threat has been issued by Anonymous, a politically motivated group of hacktivists, according to Symantec.

Dubai Mulls New Fees To Curb Off-Plan Property Sales

Experts, including the IMF, have called for more regulations to govern transactions in Dubai’s off-plan property market.

UAE’s RAKBANK Sets Initial Price Thoughts For Debut Bond Sale – Leads

The lender expects to price a deal this week, a document from lead managers said.

Dubai’s Arabtec CEO Says No Rift With Major Shareholder Aabar

Shares in Arabtec, one of the most heavily traded stocks in Dubai, have plunged 48 per cent from their May peak.

DEWA Says All Services Now Available On Smart Devices

DEWA’s customers conducted around 3.3 million transactions in 2013 through its website and smart app, its chief executive said.

Iraq Ends Recovery In Dubai, Arabtec Shares

Dubai’s index drops 2.3 per cent while Abu Dhabi’s benchmark slides 1.4 per cent.

Abu Dhabi’s Al Jaber Group Signs Debt Restructuring

No figure for the amount of debt renegotiated was given in the statement, but bankers had previously said it was in the region of $4.5 billion.