Deyaar CEO: Dubai property market not seen major impact from oil price drop

The developer has not seen prices fall in any of its properties so far this year, says Saeed Al Qatami

Aldar launches sales for new residential project West Yas in Yas Island

The development will feature around 1,017 four and five-bedroom luxury villas, with prices starting from Dhs 4m

Rising oil output boosts Saudi economic growth

Gross domestic product, adjusted for inflation, expanded 3.8 per cent from a year earlier in the second quarter, accelerating from a revised 2.3 per cent in the first quarter

Atlas Jewellery owner detained by Dubai Police over bounced cheques and debts

M.M. Ramachandran reportedly has outstanding debts of Dhs 550m to various banks in India and the UAE

Kuwait mulls tax on goods and infrastructure as low oil prices bite

The country is looking to impose indirect taxes such as road tolls and paid parking metres to compensate for low oil revenues

Egypt sets parliamentary election date in October

Egypt has been without a parliament since June 2012 when a court dissolved the democratically elected main chamber

Despite smartphone glut, Apple’s new iPhones still awaited in UAE

The company is expected to unveil its latest iPhones on September 9

Saudi-led coalition air strike kills 36 Yemeni civilians -residents

Coalition spokesman Brigadier General Ahmed Asseri denied the strike had hit a civilian target

Fire at Saudi Aramco workers compound kills 10, injures more than 200

Aramco said the fire broke out in a basement of the Radium residential compound in Al Khobar

French thieves pose as Gulf Arab tourists, rob hotel guests

The thieves pretended to have lost their keys in order to gain access to the rooms of wealthy Arab tourists at luxury hotels in Europe

Dubai Properties Group revenue to rise in 2015 – CEO

Abdullatif AlMulla said DPG’s 2015 profit and revenue will be higher than in 2014, but declined to provide further details

About 22% of Gulf firms say they only ‘talk about innovation’

A new survey shows that Gulf firms are not big risk takers in terms of innovation

Crude oil could reach $55 by year-end after “bumpy ride” – analyst

Oil prices remain challenged by over-supply in the market and the likelihood of decreased demand from China

Egypt summons UK ambassador over criticism of Al Jazeera trial

British Ambassador John Casson said that Egypt’s stability should be built on freedom of the press and freedom of expression after the court sentenced the three journalists to prison

Stock news: Saudi Arabia surges, boosted by stronger oil

Saudi’s market suffered the most from panic selling in the Gulf and is still down 12.8 per cent month-to-date

Qatar issues tender for first phase of rail network

The tender has invited bids for a project manager to oversee the first stage of Qatar’s link to the GCC rail network being developed by the six Gulf states

Bahrain’s Investcorp says market volatility won’t hit business

The Bahrain-based investment fund posted a 13 per cent increase in net income for the 12 months to June 30

Abu Dhabi airport’s new Midfield Terminal project 55% complete – official

The new Midfield Terminal Building will have the capacity to handle 30 million passengers a year when ready

Apple expected to unveil new iPhones at Sept. 9 event

The company is widely expected to unveil the iPhone 6S and the iPhone 6 Plus S

The best countries for female entrepreneurs

Despite some positive momentum, more needs to be done to support female entrepreneurs in the Middle East

Countries with the highest air pollution levels in the Middle East

The UAE tops the world for exposure to tiny air pollutants, according to the latest report compiled by The World Bank

Saudi-led air strikes kill 10 people in central Yemen – officials

The war in Yemen has killed more than 4,300 people, many of them civilians

White House confirms that Saudi King Salman will meet Obama on Sept. 4

The two leaders will discuss Syria, Yemen and steps to counter Iran’s destabilising activities in the region, a White House spokesman said

Egyptian court sentences 3 Al Jazeera journalists to prison

The journalists were accused of operating without a press license and broadcasting material harmful to Egypt

gender gap 2022

UAE should foster entrepreneurship for sustainable growth

A senior policy expert urged all Middle East governments to invest in their economies, create jobs and foster young talent

Abu Dhabi airport passenger traffic up 23.3% in July

The capital’s airport saw about 2.1 million passengers passing through last month, compared to 1.7 million during the same period in 2014

Smart solar palm trees power wi-fi, phones in Dubai

Two prototype palms have been installed – one at a beach near the Burj Al Arab hotel and the other at Zabeel Park

UAE cuts petrol prices by over 8% in September

The price of one litre of octane 95 gasoline will cost Dhs 1.96 from September 1

OPEC+meeting

Iran says some in OPEC do not want high oil price

The group will require approval from all countries to execute any market regulating measures, the official said

Saudi’s King Salman to visit the US in September

The monarch’s visit next month will be his first official trip to the US after ascending the throne earlier this year