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Pakistan’s Khan arrives in UAE, expected to secure financial aid

Pakistan is seeking financial aid from its allies as the country tackles economic challenges

Fintech’s growing role in the Middle East

Bana Akkad Azhari discusses how fintech is playing a growing role in enhancing the region’s transaction services

mercedes-amg

Car review: Mercedes-AMG GT 63 S 4-Door Coupé

We test drive the all-new take-your-family-along sportscar in Austin, Texas, and find that it handles the track just as well as it does the highway

Update: Kuwait airport resumes operations after halting flights

Arriving flights were redirected to Dammam, Riyadh and Manama airports

Kuwaiti PM says those affected by heavy rains will be compensated

Flights were temporarily suspended and the three main ports were closed on Thursday due to the unstable weather

ACWA Power closes SAR1.2bn financing for Saudi’s first utility-scale solar project

The project is due to be completed in late 2019

Off-duty Emirati pilot given jail sentence after threatening to blow up Emirates plane

The man was also charged with issuing death threats and damaging an entertainment screen

Over 4,500 retailers sign up for UAE’s tourist VAT refund scheme

The scheme will be implemented from Sunday, November 18, 2018, at the Abu Dhabi, Dubai and Sharjah International Airports

Oman Air flight makes emergency landing in UAE after boy dies onboard

The four-year-old Indian boy suffered an epileptic seizure onboard

Different Arab money

IMF says GCC economies to recover strongly in 2019

GDP growth in the Gulf region is estimated to reach 2.4 per cent in 2018 and 3 per cent in 2019

Tourists will be charged a fee for VAT refund, clarifies UAE’s FTA

The maximum cash amount that can be returned to a tourist for a 24-hour period is Dhs10,000

Workers protest in Abu Dhabi over unpaid salaries

The labourers alleged they had not been paid for up to five months

Saudi Arabia in talks to cut oil output after US waivers hit prices

Washington gave 180-day waivers to eight Iranian oil buyers

Saudi’s KAEC awards construction contracts worth over SAR1.2bn in 2018

King Abdullah Economic City recently signed a contract worth SAR32m for phase four of the development

Louvre Abu Dhabi attracts one million visitors in first year

The art museum is reported to be unveiling the world’s most expensive painting for its anniversary celebrations

Growth rate in Dubai’s non-oil private sector eases to 31-month low

Slower improvements in activity and new work, as well as another contraction in employment led to the slowdown

Saudi, US agree to end refuelling support for Yemen war

The Saudi-led coalition said it could now conduct its own inflight refuelling

Iraq and Saudi agree to work together to stabilise oil markets

Iraq’s oil minister has said the country plans to increase its oil output and export capacity in 2019

Dubai Police officers begin training on hover bike

The bike was put through its paces in tests at Dubai Police headquarters last year

German shipyard suspends production after Saudi export ban

Saudi Arabia makes a major contribution to Germany’s defence industry

Abu Dhabi courts to require mandatory English translations for some cases

The move is described as a regional first

Saudi makes $1bn bid for partnership with South African defence group Denel

Saudi Arabia is seeking partnerships to develop its own domestic defence industry

UAE’s TAQA rebounds to profit in Q3, fuelled by higher oil prices

The company’s total debt has been reduced by Dhs3.7bn so far this year

Heavy rains, snow forecast for Saudi, thunderstorms continue in Kuwait

Kuwait was forced to shut down government offices and schools on Tuesday due to the severe weather

Dubai payments firm Network International selects banks for potential listing

The IPO could value the firm at about $3bn

Saudi shipper Bahri targets acquisitions in Asia, Middle East – CEO

Bahri is the world’s largest owner and operator of very large crude carriers (VLCCs)

OPEC+meeting

OPEC source says return to oil production cuts in 2019 cannot be ruled out

Saudi-led OPEC and its allies decided in June to relax output curbs in place since 2017

Acwa power solar panels

Japan’s SoftBank plans $1.2bn solar plant in Saudi

The kingdom’s Public Investment Fund previously denied a previously agreed $200bn solar project with SoftBank had been scrapped

Kuwait aims to boost output capacity for light crude

Kuwait increased its oil exports to Asia by launching a new grade in the middle of this year

British woman dies after suffering heart attack in Dubai taxi

The woman is understood to have first fallen ill on her flight to Dubai