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Oil prices rise, recovering from shock Trump victory

Brent crude bounced back from a three-month low hit earlier

Milan seeks to lure GCC firms fleeing Brexit

Finance firms in Britain fear they will lose their licences that allow them to sell their services across the EU

New Kuwait agenda to include public sector wage cuts

Plans to cut government oil worker benefits resulted in a three-day strike earlier this year

More consolidation in the UAE energy sector – minister

Lots of consolidation has been announced in the ADNOC group

Saudi Shoura Council asks ministry to postpone water price increases

Water tariffs in the country are expected to rise from next month

Oman Chamber says employee health insurance to become mandatory in 2018

Companies in the country have recently been reducing or retracting health cover due to tougher economic conditions

UAE to have new framework for public-private partnerships

The documentation will be used instead of drafting a new PPP law

Saudi Oger seeks payment freeze on $3.5bn local bank debt – sources

The construction giant could now seek one of the largest debt restructuring deals in the Gulf since 2014

Hyperloop maker eyes 2020 Dubai launch

Hyperloop One’s CEO has said the company hopes to begin construction of its first system in 2018

Sheikh Mohammed announces Dhs1.3bn Hatta tourism plan

The mountain city of Hatta will be transformed into a leading sports, environmental and cultural destination

DEWA receives 30 expressions of interest for Dubai concentrated solar plant

The plants marks the fourth stage of the Mohammed bin Rashid Al Maktoum Solar Park

Saudi sets new rules for government worker bonuses

The new rules aim to recognise exceptional employees but set limits on payments

Kuwait plans billions of dollars of bonds in current fiscal year

The country posted a $15bn fiscal deficit for the year ending March 31

Dubai testing drone detectors after several airport incursions

Operations at Dubai’s main airport were halted for an hour on October 29

New Saudi punctuality system increases staff attendance to 55.5%

The fingerprint registration system led to protests from workers last month

Nearly half of Dubai outlets to stop selling shawarmas

Municipality inspections revealed many outlets were not abiding by new preparation rules

Kuwait committee bans 47 candidates from parliamentary elections

The majority were barred due to existing court convictions

Iraq asks oil majors to downsize costly Dubai offices

Oil companies helping Iraq develop its massive fields have to clear their spending with Baghdad each year

Kuwait government denies plans to phase out subsidies by 2020

A government report published by local media suggested the country planned to gradually reduce subsidies

Oman sovereign wealth fund buys stake in Spanish manufacturer Escribano

The deal is part of a drive by Oman to use its sovereign fund assets to help diversify the economy beyond oil

Nearly 500 expat workers denied contract renewal at Saudi university

The Ministry of Civil Service has reportedly refused to renew the contracts of a significant number of staff

Bahrain, Manama, Cityscape view of Bahrain World Trade Center and Bahrain Financial Harbor

Bahrain blocks exit of activist’s wife, son, rights groups say

Sayed Ahmed Alwadaei was briefly detained by police in London when he shouted at Bahrain’s king’s car last week

Oman to announce labour reforms in November

Proposals are expected to include an amendment or removal of the requirement for no objection certificates

Dubai and Sharjah International disrupted by drone activity

Dubai International was also forced to close for roughly half an hour last month due to drone activity

Bound by business: Saudi, the US and UK

While the US and UK might not share cultural values with Saudi Arabia, their trade links have ensured a solid and prosperous relationship

Bosnian village reserved for Arab investors attracts local fury

The village is said to be off limits to locals unless they are working as domestic servants

New details of proposed Dubai-Abu Dhabi hyperloop system

The proposed system will link key landmarks, airports and ports in the two cities

Saudi women call for cut to domestic worker wages

Families in the kingdom are being encouraged to pay maids less than the standardised wage

Accor signs deal for new Novotel in Downtown Dubai

Construction of the property will begin next year

Saudis angered by accusations of working an hour a day

High ranking officials accused government workers of laziness on a popular television show