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Dubai’s Careem to roll out cheaper ride service next year

The lower cost option will be priced similarly to traditional taxis

Saudi reveals largest ever state budget

Riyadh plans to increase spending to a record SAR978bn ($261bn) in 2018

Dubai’s DP World makes further investment in Virgin Hyperloop One

The company recently completed a third phase of testing at its circuit in Nevada

Saudi government to raise $6.3bn from 2018 expat levy

Private sector companies will have to pay at least SAR300 a month for each foreign worker in 2018

Sharjah’s Air Arabia to fly to Moscow Sheremetyevo in 2018

The airline said it would begin flying the new route from February

Nearly 7 in 10 Saudis plan to visit cinemas

A new survey has revealed a large appetite for film screenings in the kingdom as it prepares to open cinemas

Saudi women to be allowed to drive trucks, motorbikes

The kingdom’s traffic authority confirmed the rules on Friday

Saudi Crown Prince revealed as buyer of world’s most expensive home – report

Mohammed Bin Salman has been leading an anti-corruption drive in Saudi Arabia

Palestinian billionaire Masri detained in Saudi Arabia

Masri was detained last Tuesday hours before he was planning to leave the kingdom

Interview: Rolls-Royce Motor Cars CEO Torsten Müller-Ötvös

After two tough years for Middle East sales, Rolls-Royce Motor Cars CEO Torsten Müller-Ötvös believes the company’s new Phantom can help revive its fortunes in the region

How I got here: Geet Bhalla, co-founder and CEO, Holidayme

Bhalla details the journey behind his co-founding of Holidayme

Taking off: The 2017 Dubai Airshow

Dubai’s Airshow lived up to its high reputation after a tough two years for the Gulf carriers

GCC healthcare market to be worth $70bn by 2020

Saudi health ministry to establish holding companies

The kingdom eventually plans to privatize 290 hospitals and 2,300 primary health centres by 2030

Saudi Shoura member seeks end to male guardianship system

Women are currently required to seek their male guardian’s permission to travel and work

Bank of China to provide financing in Abu Dhabi industrial zone

China is the UAE’s second largest trading partner and the biggest exporter to the country

Kuwait ministry to cut more than 2,000 staff

A list of those being laid off must be confirmed by December 15

Saudi to increase electricity, fuel prices in Q1

The announcement coincides with the first payments under a citizen’s account programme to help low earners

Saudi Shoura Council approves draft bankruptcy law

The law is intended to attract foreign investment and boost the private sector

Oman government taxi service begins operations

The company will begin airport taxi services from January

Saudi arrests 180,000 residence, labour law violators

The inspection campaign follows an extended amnesty period

UAE considers new taxes

The country has already implemented a new selective tax

Revealed: Top 100 GCC companies in 2017

Marmore Mena Intelligence helps us explore the ups and downs of the GCC’s leading businesses…

Muscat airport’s new terminal to receive first test flight

Officials have said the airport is due to open by the end of 2017

Trump asks Saudi Arabia to allow immediate aid to Yemen

“This must be done for humanitarian reasons immediately,” Trump said

FIFA lifts Kuwait football ban

The Kuwaiti parliament agreed to amend sports laws on Sunday in a bid to end the suspension

Saudi-led coalition intensifies Yemen air strikes after Saleh’s death

The strikes came a day after Saleh’s son vowed to lead a campaign against the Iran-aligned Houthis

IATA says Middle East airline net profit will double in 2018

“Despite the challenges, there is positive momentum heading into 2018,” IATA said

Saudi minister says main wave of arrests completed in anti-corruption purge

Dozens of princes, officials and businessmen were detained last month

Dubai’s DP World raises stake in Brazilian port to 100%

DP World purchased the stake from Odebrecht Transport

Qatar’s emir to attend GCC summit

Saudi Arabia, Bahrain and the UAE severed ties with Qatar in June