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Saudi stock exchange establishes $160m clearing company

The clearing house still start full operations next year

UAE rolls back tax on gold, diamonds, precious metals

The country’s gold and jewellery market has endured a sales slump following the introduction of value added tax

Kuwait Petroleum eyes stake in India’s Bina refinery

Global oil producers are vying to gain entry into India’s expanding refining sector

Dubai’s La Mer water park to open this month

The park will features five main rides, a pool lounge, children’s zone and lazy river

Dubai announces major reforms to speed up court cases

The emirate’s first instance, appeal and supreme courts are to hear cases concurrently

Revealed: Where Abu Dhabi property prices, rents rose and fell in Q1

Rents were down by nearly a quarter in some locations, according to Bayut

Kuwait to cut 3,100 foreign staff in public sector this fiscal year

The government wants most public sectors jobs to be occupied by Kuwaitis by 2022

Critics deride Duterte for asking Filipinos to leave Kuwait

The Philippines and Kuwait are embroiled in a row over what Duterte says is a pattern of mistreatment of domestic workers

UAE’s telecoms regulator in talks to lift Skype, FaceTime ban

Discussions are said to be underway following big investments by Apple and Microsoft in the UAE

US secretary Pompeo calls for Gulf unity to combat Iran

“Gulf unity is necessary and we need to achieve it,” he said

UAE’s EGA signs bauxite shipment deal with Louis Dreyfus Armateurs

The company plans to ship bauxite to its upcoming Abu Dhabi refinery and global customers

Oman allows students, retirees to work part-time

Students as young as 15 can now be employed in the sultanate

Dubai Properties launches third phase of Amaranta cluster

The latest phase includes 300 townhouses

Philippines’ Duterte says Kuwait work ban permanent after row

Kuwait has accused Philippine embassy staff of violating its sovereignty through unauthorised operations to rescue workers

Saudi caps football club spending amid privatisation plans

Teams will also be prevented from registering more than seven foreign players

Saudi launches multi-billion dollar entertainment resort

Qiddiya is about two-and-a-half times the size of Disney World.

How urban efficiency can help create the UAE of the future

Ziad al Bawaliz explains why efficiency is key to sustainability

Dubai’s RTA denies “validity” of rival Abu Dhabi hyperloop project

The denial comes as Dubai and Abu Dhabi compete to be the first to introduce a commercial hyperloop system

Dubai seeks larger share of global yacht market

The emirate wants to become the Middle East’s yachting hub

Saudi women to pay six times more than men for driving lessons

The cost of lessons has led some women to offer to teach their peers for free

Kuwait Energy starts producing gas in southern Iraq

Siba began producing gas at an initial rate of 25 million cubic feet a day

Saudi makes schools, water priorities in privatisation plan

Authorities hope to offer a draft law on PPP frameworks for public consultation and feedback within a week or so

UAE council members call for influencer crackdown

The UAE issued a new law governing influencers in February

Saudi needs 1.2m jobs by 2022 to hit unemployment target

The labour ministry plans to restrict employment in 12 retail sub-sectors to Saudi nationals

Dubai wants Indians to be given UAE visa on arrival

The emirate has benefitted from policy changes granting Chinese and Russian holders visa on arrival entry

Saudi demand for foreign drivers expected to decline 40%

The lifting of the kingdom’s female driving ban is expected to hit demand for expat drivers

Dubai receives 2% more tourists in Q1 2018

The emirate is exploring new measures to increase visitor numbers

Aramco, Total consider Saudi fuel station venture

Competition in the kingdom’s retail fuel market is heating up with a series of new entrants

Trump and France’s Macron seek new measures on Iran

Macron is using a three-day state visit to the United States as a high-stakes bid to salvage the Iran nuclear deal

Saudi privatisation plans target $11bn in non-oil revenues by 2020

The delivery document released on Tuesday charts the way forward for the period ending in 2020