Main headlines

July 24, 2014

Dubai International saw a rise in passenger traffic despite a runaway refurbishment programme earlier this year (File/AFP)
14:27 GMT

Good news in time for Eid! Dubai International's passenger traffic has already topped expectations and is up by 6.2 percent in the first half of 2014.

Emirates NBD profits were helped by revenue growth in Retail Banking & Wealth Management, along with the Islamic banking subsidiary, Emirates Islamic (File/AFP)
13:55 GMT

The UAE's largest bank, Emirates NBD, reported a net profit growth of 30 percent for the first half of the year.

Majid Al Futtaim is one of the leading shopping mall, retail and leisure pioneers in the Middle East (File/AFP)
12:39 GMT

Major retailer Majid Al Futtaim reported a 14 percent increase in revenue for the first half of the year, compared to 2013.

KIPCO is Kuwait's largest privately owned investment company (Image: URC)
12:22 GMT

Kuwait's largest privately owned investment company said it was on track to meet the target of a double-digit rise in revenue this year.

The low-cost airline will launch direct flights to Mumbai starting October 28 (Image: flydubai)
12:07 GMT

Low-cost airline flydubai announced a direct route to India's Mumbai, starting in late October. The carrier will also increase its flights to Delhi to five weekly.

The increase in tourism resulted from Lebanon’s “renewed openness to Gulf countries and the new dynamic in the tourism sector that accompanied the security plan
10:56 GMT

The Tourism Ministry said Tuesday the number of Arab tourists increased by 90 percent in June, compared with the previous year.

ADPC’s commercial ports handled 6.4 million freight tonnes (FT) of general cargo in the first half of this year
08:31 GMT

General cargo moving through Abu Dhabi’s commercial ports increased by 37 per cent this year.

July 23, 2014

Dubai's airport handled 29.6 million passengers in the first five months of 2014 (File/AFP)
11:28 GMT

Dubai International Airport is expected to be the world's busiest airpot in 2014, beating London's Heathrow with a 9.2 percent rise in passengers.

Consumer confidence in UAE has dropped amid fears over rising rents
11:27 GMT

Many UAE consumers are spending less than they used to due to concerns about rising rents and living standards, findings of a new study suggest.

The Dubai Metro commuters will be able to avail its services for longer hours during the Eid Al Fitr holidays
10:57 GMT

Trains on the red line will begin at 5:30 am on Monday (July 28), Tuesday and Wednesday, and end at 1:00 am the next day. Green line trains will begin at 5:50 am, with other timings remaining the same.

The profit gains add to RAK Petroleum's fifth consecutive year of profitability (File/AFP)
10:48 GMT

Leading energy investment company, RAK Petroleum Public Company, posted $15.81 million net profit since December 2013, marking a fifth year of increased gains.

The department store will be the largest in the GCC region (Image: Aldar Properties)
10:19 GMT

Aldar Properties will join forces with Chalhoub Group to create the regions biggest department store in Abu Dhabi's Yas Mall.

The luxury hotel chain will open a branch in Dubai's Jumeirah Beach later this year (File)
09:30 GMT

Four Seasons Resort at Jumeirah Beach is aiming to open on December 1, the hotel chain announced.

Over 300 investors from across the globe visited Damac venues across the UAE (File)
08:38 GMT

Leading housing developer Damac Properties announced that all units from the luxury Loretto project sold out in one evening.

Economists hope the announcement will diversify Saudi Arabia's stock market (File/AFP)
08:21 GMT

Investors have welcomed a Saudi Cabinet decision to allow direct foreign investment in the country's stock market, with the move being seen as an attempt to diversify the economy away from oil.