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The ancient city of Petra in Jordan - famous for its red carved stone structures - was included in the New Seven Wonders of the World list this week. Officials estimate the city's number of tourists to double following the historic news.
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Dubai's long-awaited Floating Bridge is finally set to open next week, according to the city's roads authority this week, who said the launch will coincide with start of the first water bus service across Dubai Creek, to help east traffic congestion on the city's bridges.
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Boeing Co. unveiled its new 'green' lightweight, carbon-composite 787 Dreamliner this week, capping a weekend of hype and a flurry of orders for the new fuel-efficient plane. Boeing has already racked up 677 firm orders for the aircraft.
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Arabic websites maktoob.com (pictured) and faye3.com have teamed up to develop an Arab social networking site this week to let Arab communities link up online and share contacts. The initiative comes just days after the UAE's move to ban popular social site orkut.com.
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The City of London saw the launch of a new Islamic bank this week. The Bank of London and the Middle East (BLME) is set to offer Sharia-compliant Islamic banking services and advice to businesses both in Europe and the MENA region.
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Boeing this week ended months of speculation about whether Qatar Airways had placed an order for its new fuel-efficient 787 Dreamliner aircraft by confirming the airline's order. However Qatar Airways is officially still refusing to comment on the deal.
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Abu Dhabi is to set up a new $1.1 billion bank this week in a bid to reinforce the emirate's banking sector. The establishment of Crescent Bank comes at a time when many analysts are forecasting a wave of consolidation in the UAE banking sector.