Emaar plans new Fujairah resort

The Emaar Hospitality Group is the hospitality and leisure arm of Dubai-based developer Emaar Properties

Palace Beach Resort Fujairah will reportedly be the third beach resort of its Address Hotels + Resorts collection

Tunisia works to contain diesel spill after cargo ship sinks

Tunisia’s Environment Ministry has said barriers will be put up and a perimeter set to contain the diesel spill from the vessel

Divers are also expected to be mobilized to examine the extent of the spill and the infiltrated fuel will be pumped out

SAMA starts consumer microfinance licenses in kingdom

Microfinance targets individuals and small businesses, including self-employed people

Sulfah is the consumer microfinance company which is given a license by Saudi Central bank

Retail sales rise on back of online platforms

Many retailers, especially supermarkets and online brands, have made the most noise during Ramadan

Smaller businesses can use unique offer opportunities to entice new customers or reward current ones

ADX launches $17bn ‘Growth Market’ for private sector listings

ADX said in a statement that as it replaces the Second Market, the Growth Market will continue to target startups, family businesses, and early growth companies

It will allow companies to kickstart their path to joining capital markets through a direct listing, without the need for an initial public offering

Ship with 750 tonnes of fuel sinks off Tunisia coast

The Equatorial Guinea-flagged Xelo was headed from the Egyptian port of Damietta to the European island of Malta when it requested entry to Tunisian waters

It began taking water around seven kilometers (over four miles) offshore in the Gulf of Gabes and the engine room was engulfed

Dubai Investments makes $258m profit from Emicool deal

Iran-Oman trade reaches a record $1.3b: Envoy

Ali Najafi said that during the last Iranian year which ended on March 20, Iran’s exports to Oman were worth 716 million dollars

Ambassador revealed that among Iran’s neighboring countries Oman ranks 6th in importing goods from Iran

Dubai watches with awe rare rough ruby

The 8,400-carat stone -- nicknamed Burj Alhamal and weighing 2.8 kilograms (over six pounds) -- was mined in Tanzania and made its debut at a Dubai hotel on Friday

Local reports have suggested the rough ruby with greenish and dark-purple hues could fetch up to $120 million

GCC exchanges recoup their losses

The Abu Dhabi index fell 1.3 percent on Thursday, its biggest daily fall in more than a month

The Dubai index on Monday climbed 1.3 percent to its highest in the previous two weeks