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International Energy Agency says oil demand growth at lowest since 2008

The outlook is fragile with a greater likelihood of a downward revision than an upward one, the report said

social media

Social space: A roundup of all the social media news from across the GCC

Fadi Khater, founder and managing partner of digital marketing agency Netizency, provides an overview of social media trends in the region

Saudi wealth fund PIF eyes investment in date producer Bateel

Bateel owns date groves in Al Ghat, about 250 km away from Riyadh, and has a chain of cafes and bakeries

Saudi, US energy ministers express concern over threats to maritime traffic in the GCC

Tensions have risen between Iran and the West since last year

Iran says it will further breach nuclear deal in one month unless Europeans act

Fears of a Middle East war with global repercussions have risen since Trump withdrew in May 2018 from the nuclear deal

Temperatures in Saudi during Hajj expected to reach 50 degrees

Over 1.6 million pilgrims have already arrived in the kingdom to perform Hajj

Iran says it seizes foreign oil tanker for ‘smuggling fuel’

Seven sailors onboard the tanker, who are from different nationalities, have been detained

Dubai retail group GMG says its outlets saw double-digit growth during DSS

The company’s retail outlets include brands such as Nike, Sun & Sand Sports, and Supercare Pharmacy

MENA fund managers to boost UAE investments, bearish on Saudi

Dubai was one of the worst-performing markets globally last year, but has rebounded with its benchmark index up almost 15 per cent so far

Muslims in Saudi urged to report moon-sighting on Thursday

The crescent moon will mark the start of the Islamic month of Dhu Al Hijjah

Baby dies in Dubai villa fire

The baby was sleeping in her room when the blaze broke out in the house in Al Barsha 3 on Sunday

Saudi embassy in Netherlands warns tourists of burqa ban, which takes effect this week

The ban will cover hospitals, government departments, schools and public transport in the Netherlands

1972 Nike Waffle Racing Flat Moon Shoe

Revealed: The world’s most expensive trainers sold at auction

It was designed by Bill Bowerman, the co-founder of Nike

honda hr-v suv gcc

How Honda is honing in on the GCC’s SUV market

From its sporty exterior and spacious interior, to its technical efficiency, Honda’s new HR-V is a welcome addition to the region’s SUV line-up.

Saudi forces destroy Houthi drone targeting civilian areas in Asir

The Houthis have stepped up their attacks against targets in Saudi Arabia in the past few months

All 23 crew of British-operated tanker seized by Iran are safe

Stena Bulk, the vessel’s owners, said they were preparing a formal request to visit the crew, who are from India, Latvia, the Philippines and Russia

Britain calls ship seizure ‘hostile act’ as Iran releases video of capture

The move follows threats from Tehran to retaliate for Britain’s July 4 seizure of the Iranian tanker Grace 1

The changing face of real estate in the GCC

After a challenging decade for the GCC’s real estate industry, we look at what investors can expect from the market over the next 12 months

From Iraq to Yemen, drones raise US alarm over Iranian plans

Tehran and the forces it backs are increasingly relying on unmanned aerial vehicles (UAVs), say officials

Oil rises after Iran says it seized foreign tanker in Gulf

Iran said the vessel, which it did not identify, was smuggling fuel

Sheikh Mohamed bin Zayed to visit China next week

The visit comes a year after Chinese President Xi Jinping travelled to the UAE

Saudi approves new tendering and procurement law

The law introduces flexibility in the price of contracts and compensations in the case of increases in raw material prices, custom duties and taxes

Saudi businesses can remain open 24 hours a day under new Cabinet decision

The new decision is hoped to help create thousands of jobs and stimulate the kingdom’s economy

Oman’s National Gas Company terminates CEO

Omani plastics packaging manufacturer OCTAL secures $625m in loans

OCTAL will use part of the bank financing to refinance some of its existing debt and to fund expansion

Emirates to launch daily services to Mexico City via Barcelona this year

The new route, which will begin in December, will mark the airline’s first service to Mexico

Dubai International airport hit by brief power cut

The outage lasted for half an hour on Monday morning

New family sponsorship law for expats in the UAE takes effect

Expats – both men and women – can sponsor their family members if they earn a monthly salary of Dhs4,000 or Dhs3,000 plus accommodation

Oil market faces oversupply in 2019 on US production – International Energy Agency

The IEA said that markets were concerned by escalating tension between Iran and the West over oil tankers

UAE’s ministry of economy cancels fees for over 100 services

The ministry has also reduced the fees for some services as part of efforts to boost business activity in the country

Driven by the details: Billionaire UAE businessman Ghassan Aboud on his rise to the top

In an exclusive interview, Aboud reveals how his conglomerate has helped drive humanitarian efforts, and explains why Dubai is the perfect place to start a business