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Bahrain must consider revising its subsidy system – IMF official

Further measures are needed in Bahrain to avoid a slowdown in economic growth, says official

Emirati faces 10-year jail term, Dhs1m fine for ‘insulting’ UAE

Ahmed Mansoor was convicted of “insulting the UAE and its leaders”

Dubai’s Emirates eyes 2020 premium economy launch

The carrier is said to be looking to introduce the product on a new generation of A380s

Two more senior executives leave Dubai’s Abraaj – report

The resignations come even as Abraaj is facing allegations of misusing investor money

Jeddah’s new airport welcomes first commercial flight

The airport’s soft launch comes despite the GACA cancelling a concession to manage the facility earlier this year

Deutsche Bank cuts jobs in Dubai

The research analysts covered dozens of companies from Central and Eastern Europe, the Middle East, Africa and Turkey

UAE says Qatar celebrating ‘year of solitude’ after ban on Saudi, Emirati products

Anwar Gargash said Doha had invited Western journalists to celebrate the first anniversary of a boycott by Saudi Arabia, the UAE, Bahrain and Egypt

Saudi-led coalition closes in on Yemeni port city of Hodeidah

The three-year-old war in Yemen has killed more than 10,000 people

Guyana eases visa restrictions for UAE passport holders

The UAE passport has visa-free access to a growing number of countries

Dubai postpones new waste disposal fees

The delay has offered some relief to disposal companies, which were trying to pass on the fees to consumers

Dubai’s DP World completes acquisition of Peru logistics firm

CAM owns logistics service businesses Neptunia and Triton Transport and a 50 per cent stake in Peru’s second largest container terminal

Saudi cracks down on smoking in some areas

The kingdom wants to reduce the prevalence of smoking in society

Saudi companies urged to file VAT returns by month-end

The kingdom implemented the tax at the start of the year

Dubai International Airport welcomes 0.1% fewer passengers in April

The slight decrease came after the airport received just 1.1 per cent more passengers in the first quarter

Oman extends six-month bans on recruiting foreign workers

The extensions are separate to a ban on hiring foreign workers in 78 professions announced in January

Building on first quarter success

Dr Ahmad Badr explains why companies should not get caught up in the excitement of a successful first quarter

Saudi frees four women’s rights activists

Amnesty International has reported the detention of at least 11 activists

Saudi intercepts missile fired towards Jizan

The attack is the second on Jizan this week

UAE denies hijacking of Flydubai plane

Online reports indicated a passenger armed with a knife had attempted to storm the plane’s cockpit

UAE council members seek expansion of Emiratisation programme

Members want a policy asking 2,000 companies to prioritise the hiring of Emiratis over foreigners to be expanded

Cost of insuring Bahrain’s debt jumps as deficit jitters increase

The IMF predicts Bahrain’s debt will exceed 100 per cent of GDP in 2019

Saudi-led coalition destroys Houthi boats targeting tanker in Red Sea

Last month, a Saudi oil tanker was hit off Yemen’s main port city of Hodeidah

Dubai Zen Tower fire started at a ground floor business

The May 13 blaze damaged much of the building

Dubai’s Jumeirah to open Abu Dhabi hotel resort in November

The resort will include eight F&B venues and a couple’s suite was a private entrance

Saudi royals battle over $34m mansion compound in US

The couple bought the 27,000-square-foot compound in October 2011

Oil rises on supply concerns as OPEC considers raising output

OPEC may decide to raise oil output as soon as June due to worries over Iranian and Venezuelan supply

US Congress reviewing arms sales to Saudi, UAE

Last year, the Trump administration approved the sale of about $7bn of the precision-guided weapons to Saudi Arabia

Dubai’s Emirates NBD to acquire Turkey’s DenizBank for $3.19bn

The agreement will expand Emirates NBD’s international presence to 13 markets

Saudia flight to Dhaka makes emergency landing in Jeddah

A video of the incident showed sparks underneath the plane as it skidded along the runway

Saudi says winch collapsed at Makkah’s Grand Mosque

The incident draws parallels with a deadly crane collapse in 2015 that killed more than 100 people