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

Higher net interest income helps Emirates NBD’s Q3 net profit rise 7%

The lender made a net profit of Dhs 1.67bn ($454.71m) in the three months to Sept. 30, compared to Dhs 1.56bn in the same period in 2014

UAE introduces new decrees for contract renewal, work permits

The new rules require workers to physically sign work permits as well contracts for renewal

ISIL suicide attack on Saudi mosque kills one – ministry

The attack on the al-Mashhad mosque occurred as people left after attending evening prayers

Big quake in Afghanistan and Pakistan kills over 200

The 7.5 magnitude quake was centred 254 km northeast of Kabul in Badakhshan province

Saudi ambassador warns the UK of “repercussions” if mutual respect “breached”

His comments follow Britain’s strong criticism of human rights violations in the kingdom

Omani foreign minister meets Syria’s Assad

Oman sees itself as a conciliator in a volatile region

MENA’s design industry valued at around $100bn in 2014

The United Arab Emirates and Saudi Arabia are the largest design markets in the region, a new report shows

Planned stock market listings in Abu Dhabi held back by conditions

Low oil prices and regional turmoil are keeping volumes low on Abu Dhabi’s stock market

Emirates signs codeshare deal with Alaska Airlines

The codeshare agreement will help passengers connect easily to 49 US cities