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

France, Saudi Arabia seeking to sign deals worth $12bn

The countries set up a joint committee in May to finalise some 20 projects across sectors ranging from defence to transport infrastructure

Saudi Arabia loses spot as top crude supplier to India, China in May

The kingdom fell behind Nigeria for Indian supplies and lost out to Russia and Angola for crude supplies to China

Saudi carrier takes 50 Airbus planes in Islamic leasing deal

Dubai-based International Airfinance Corporation will buy the aircraft and lease them to Saudi Arabian Airlines

Russia’s Lukoil says Saudi Aramco wants to raise stake in Luksar

Luksar is a joint venture between Aramco and Russia’s Lukoil

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

Qatar teams up with RSE to buy stake in Formula One

RSE is looking to acquire the 35.5 per cent stake from private equity fund CVC Capital Partners

Etihad says not in talks to raise stake in India’s Jet

Etihad bought a stake in Jet two years ago giving it a foothold in India’s fast-growing aviation industry

Accor opens 15th Saudi hotel, Suite Novotel Riyadh Dyar

The new midscale property is the French group’s fifth hotel in Riyadh

Germany frees Al Jazeera journalist despite Egypt’s request

Ahmed Mansour was released after Egypt was unable to dispel concerns about the extradition process

ABN Amro says Dubai employee dismissed for misconduct

The bank said the employee had received about $100,000 from a client and transferred it through his personal account to a third account

Al Jazeera journalist says surprised by arrest in Germany

Ahmed Mansour, a talk show host on the channel’s Arabic service, was detained in Germany after an international police warrant was issued by Egypt.

Saudis say to jointly invest up to $10bn with Russian fund

No details have been disclosed as yet about where or when the joint investments would be made

Saudi Arabia, Russia sign nuclear power cooperation deal

The King Abdullah City for Atomic and Renewable Energy announced the cooperation deal on its website

World Cup insurers risk flood of claims if Russia, Qatar lose bids

Russia and Qatar could be stripped of their FIFA World Cup hosting rights if evidence emerges of bribery in the bidding process, a senior official has said

Cyber war: Is the Middle East prepared?

From the dark net to increased vulnerability through smart city adoption, is the Middle East ready to fight the next phase of cyber crime?

In Gulf, family business empires wary of going public

Many family firms think they can continue to prosper by modernising themselves without big changes to ownership or control.

Major investor in Dragon Oil says ENOC offer undervalues company

Dubai’s ENOC, which owns 54 per cent of Dragon Oil, raised its offer this week to buy out the minority shareholders

France’s Natixis to make Dubai capital markets hub for Mideast, Africa

In the past two years, Natixis has increased staffing levels in Dubai by around 50 per cent to 45 people

Russia, Saudi Arabia to discuss broad oil cooperation agreement

The talks follow OPEC’s meeting on June 5 in which the group kept its output policy unchanged

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OPEC revenues plunge 11%, fall below $1 trillion in 2014

The oil cartel’s revenues fell from $1.112 trillion in 2013 to reach $993.3 bn in 2014, a new report shows

Dubai among world’s top 25 most expensive cities

Dubai and Abu Dhabi were also ranked most expensive cities for expats in the Middle East, according to a new survey

Al Qaeda in Yemen execute 2 Saudis accused of spying for America

Two Saudis, named al-Mutairi and al-Khaledi, were reportedly killed