The emirate’s ruler has instructed government departments to make the economy more competitive
Category: Middle East
Saudi prince faces jail in UK after Zain loan disagreement
The royal is alleged to have ignored a UK court ruling
Musk says Saudi sovereign fund backs Tesla buyout
The billionaire said he had met the PIF as recently as July 31 when the sovereign fund’s managing director expressed support for a deal
UAE-based family cleared of Dhs3m of fines under amnesty
The man’s wife had been living country illegally for 34 years
UAE announces Eid Al Adha holiday for private sector
Private sector workers will receive an extended break to celebrate the Islamic holiday
Dubai’s Drake and Scull replaces CEO, blames ‘rumours’ for share price drop
DSI has seen its share prices drop over 79 per cent so far this year
UAE President orders release of 704 prisoners for Eid
Sheikh Khalifa will settle any financial obligations of the group
UAE’s FTA launches new ‘tax clinic’ to address SME concerns related to VAT
The campaign, spread over three months, will cover all the seven emirates to raise tax awareness across the country
Philippines to pay illegal UAE residents for leaving – report
The government wants to encourage illegal Filipino residents to return home
UAE to establish Côte d’Ivoire embassy, Tanzania consulate
The emirates is expanding its diplomatic efforts in Africa
Dubai’s JLT metro stop renamed
Zone operator DMCC said it also planned to introduce an air-conditioned walkway across JLT
UAE tightens cyber crime laws
The new regulation includes harsher sentences for those managing terror sites or deemed to be inciting acts against the country’s interests
Oman tightens regulation on absconding worker cases
Companies will now need to prove they have paid a worker to file a case
Saudi brings forward Eid Al Adha holiday
Some workers will receive an extra long Eid break this year
Owner of Dubai car rental firm asks British Embassy to help pay tourist’s Dhs170,000 fine
Mohammed Ibrahim said he cannot rent the vehicle until the fine is paid
Aramco, ACWA and US-based Air Products to form $8bn JV in Saudi
The JV will purchase the gasification assets, power block and the associated utilities from Saudi Aramco
Dubai’s Emirates NBD says closely monitoring Turkey situation
The bank announced an acquisition of Turkey’s Denizbank for $3.2bn in May
Bus driver dies in Abu Dhabi road accident
The bus collided with a truck trailer at Mussaffah Industrial Park
Abraaj founder Arif Naqvi resigns from Air Arabia’s board
The airline’s board will nominate a new member within the “coming weeks”
Saudi denies social media ‘rumours’ about expat fees
Expat fees introduced this year will continue to increase until 2020, clarifies ministry
Dubai’s Emirates launches one of ‘its biggest ever sales’
Special fares are available to over 70 global destinations
Job growth in UAE’s private sector weaker than 2017
Overall, the PMI declined to 55.8 in July from 57.1 in June – the lowest reading in three months
Dubai drops charges, deports Swedish woman who ‘insulted’ airport officials
The woman was initially rejected entry since she was travelling on an expired passport
Abu Dhabi cuts speeding fines as 20km/hr buffer is scrapped
Traffic fines for speeding have reportedly been halved
