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Airline subsidy row: US Justice Dept says limiting GCC carriers will hurt consumers

US carriers are embroiled in a row over government subsidies with Emirates, Etihad Airways and Qatar Airways

Citi appoints new CEO for Bahrain business

Usman Ahmed will also head the bank’s Islamic investment banking division

Emirates begins second daily service to Boston

The new service is anticipated to boost passenger and cargo capacity on the route

Twitter may expand 140-character limit with new product

The company’s executives are also discussing changes to how the character limit is measured

Apple confirms iPhone 6s, 6s Plus to retail in UAE on Oct 10, priced from Dhs 2,599

The company sold a record 13 million iPhone 6s and 6s Plus devices during the first three days of sales

Popular New York restaurant Serendipity 3 to open in Dubai

Two outlets will be opened at Dubai Festival City and The City Walk in December 2015

Boeing appoints new business heads for Turkey and Qatar

Omar Arekat, Boeing Commercial Airplanes sales director, has been appointed managing director for Qatar

Saudi Arabia satisfied with Obama’s assurances on Iran deal

Saudi King Salman met with Obama at the White House on Friday to seek more support in countering Iran

Obama scores policy win in securing votes for Iran nuclear deal

The list of US senators backing the deal has now reached 34

Saudi Arabia, U.S. near deal for two Lockheed warships

The deal, valued at well over $1bn, could be reached by the end of this year

Obama to assure Saudi king of US help to counter Iranian threat

King Salman will meet Obama on Friday as part of his first US visit since ascending to the throne in January

Oil prices continue to drop as US oil inventory surges

Oil prices dropped to their lowest level in over six years last week

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

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

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

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

Saudi Arabia holding main suspect in 1996 Khobar bombing

The attack killed 19 U.S. service personnel and wounded almost 500 people

Arab Bank settles US lawsuit over attacks by militants

Approximately 500 U.S. citizens had sued Arab Bank under the U.S Anti-Terrorism Act

US Treasury adds two Qataris to terror list for financing Al Qaeda groups

Following the action, all assets owned by both Qataris under the US jurisdiction will be frozen while Americans will be banned from doing any business with them

Dubai-based wellness centre CRYO plans up to 12 new outlets

The company has expanded internationally into Lebanon and the United States this year

Qatar Airways submits white paper to US govt on subsidies row

The airline alleges that the big three US carriers are also recipients of government subsidies and support

Pressure from US prosecutors may be best chance of FIFA reform

FIFA’s decision to establish its own task force to propose reforms has been blasted by critics

Dubai most searched-for destination by US jobseekers

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

Pentagon chief tells Saudi Arabia: Iran threat is shared concern

In talks with US Defense Secretary Ash Carter, King Salman reiterated support for the deal while voicing some concerns

Kerry to visit Gulf Arab states, vows to “push back” against Iran

US Secretary of State John Kerry will seek to reassure Gulf Arab officials at a meeting in Qatar in a couple of weeks

Gold plunges to five-year low on stronger dollar

Gold prices dropped to $1,088.05, the lowest since March 2010

Iran, big powers clinch historic nuclear deal

For Iran, the end of sanctions could bring a rapid economic boom

IBM joins Mubadala to bring supercomputer Watson to MENA

The cloud-based cognitive computing service can be used in healthcare, retail, education and finance organisations

Delta Air Lines CEO: ‘subsidised’ GCC carriers pose airline industry’s ‘greatest challenge’

Thousands of US jobs are being threatened because of the GCC airlines, alleges Richard Anderson

Saudi billionaire Prince Alwaleed, Forbes settle libel case

The Prince and Forbes have been embroiled in a dispute ever since the magazine’s annual billionaires list was published in 2013

Qatar Airways places $4.8bn order for 10 Boeing 777-8Xs, four 777 freighters

The orders were placed on the first day of the Paris Airshow