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New Dubai Industrial Strategy to help generate Dhs 160bn by 2030

The strategy will focus on six sub sectors such as aerospace, maritime and aluminum, among others

Revealed: 10 Eid staycation deals in the UAE

With Eid Al Fitr around the corner, Gulf Business picks 10 getaway deals within the UAE

Brexit: How will it impact the GCC?

World financial markets plunged following the news

Have Bahrain’s national reconciliation efforts been put on hold?

A US State Department reports says Bahrain has implemented some reforms but “more work remains to be done.”

SeaWorld eyes Saudi theme park

The company was previously linked with an attraction in Dubai

Saudi land tax could see prices drop by 40%

A 2.5 per cent tax on unused land was approved earlier this month

Dubai airport expects nearly 2m passengers over two weekends

Traveller numbers are expected to peak during the weekends of June 30 and July 7

First-ever NBA store in the Middle East to open in Doha

NBA-branded stores are also planned for the UAE, Saudi Arabia and Kuwait

GFH Financial Group confirms creation of real estate unit

The bourse statement followed comments from the company’s chief executive on Monday

Revealed: 10 countries with the lowest business taxes

All the GCC countries, but Oman, appear on the list

Bahrain strips top Shi’ite Muslim cleric of citizenship

Isa Ahmed Qassim could potentially face expulsion from the country

Saudi Arabia buys 315,000 tonnes of hard wheat

The wheat purchased was of European, North American and Australian origin

Different Arab money

GCC companies should start preparing for VAT, excise tax

New PwC report urges regional firms to ensure systems are in place for the new taxes

UEFA Euro 2016 games to be screened at VOX Cinemas in the UAE

VOX has partnered with beIN to broadcast the games in the UAE, Oman and Lebanon

Small international banks begin entering Iran

The world’s big banks have continued to stay away because they fear being penalised by remaining US sanctions

Why public-partnerships are key for future GCC growth

PPPs allow investment in public infrastructure to be accelerated

New UAE draft law calls for ban on exotic animal ownership

Failure to keep pets under control can also result in fines up to Dhs 500,000 for owners

Aldar says phase one of Yas Acres sold out for Dhs 1bn

Second phase of the Dhs 6bn project to go on sale on June 18

Abu Dhabi to levy Dhs 35 airport fee

The fee will be imposed on passengers from July

Revealed: Best private schools in Dubai

The ranking is based on KHDA’s annual review of schools in the emirate

Emirates stowaway teenager sent back to China without charge

The boy allegedly made the journey after hearing that beggars can make a lot of money in Dubai

Saudi Arabia implements strict anti-smoking laws

The kingdom bans smoking in public areas and regulates tobacco sale

Emirates’ dnata acquires stake in Destination Asia

The acquisition marks dnata’s first foray into Asia’s inbound travel market

Powerful blast outside Beirut bank

There have been no reports of casualties so far

Oman dismisses expats’ income tax fears

Ministry confirms it has no plans to immediately follow Saudi Arabia’s lead to raise revenue

Iran says 80% of oil contracts with Europe are operational

Iran plans to sell 600,000 to 800,000 barrels per day to European buyers

Dubai briefly shuts airspace after unauthorised drone activity

The shutting of the airspace around noon on Saturday caused several flight disruptions

Would president Trump care if his business empire fell apart?

Recent reports suggest Trump’s campaign has had a detrimental effect not just on his personal brand but also his business interests across the globe

Worst over for GCC jewellers after turbulent start to the year

Damas CEO says he believes the company has ‘seen the worst’

Saudi Arabia seeks partners to build 1.5 million homes

Saudi government offers property developers partnership deals to address a shortage of affordable housing