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UAE confirms Saturday as the first day of Ramadan

The official moon sighting committee confirmed the start of the holy month

First day of Ramadan 2017 confirmed

The first day of Ramadan will fall on Saturday, Saudi Arabia has announced

Moody’s upgrades Abu Dhabi rating from negative to stable

Policy reforms and strong growth prospects led to the ratings change

Dubai ruler orders release of 1,014 prisoners for Ramadan

Announcements from the rulers of the other UAE emirates are also expected

UAE President orders the release of nearly 1,000 prisoners for Ramadan

Sheikh Khalifa will also pay off the liabilities of the prisoners

UAE announces reduced school hours for Ramadan

Students will have reduced lesson times and activities during the holy month

UAE ban on Bangladeshi workers to be lifted – report

Bangladeshi citizens have been unable to seek work in the UAE since 2012

Dubai’s Alabbar says Noon ‘on track’ to launch in 2017, will move base to Riyadh

The $1bn e-commerce site was slated to launch in the UAE in January

Kuwait oil minister supports Saudi, Russia extension

Marzouk expressed his support for a nine-month extension of the oil production cut

Dubai’s Nakheel starts leasing at Nad Al Sheba Mall

The 1.2 million sq ft mall will have 200 shops, restaurants and entertainment outlets

Abu Dhabi’s Mubadala to invest up to $15bn in SoftBank fund

Saudi Arabia’s Public Investment Fund has also committed as much as $45bn to the fund

Food import ban will not affect UAE market during Ramadan

The UAE announced a ban on the imports of specific vegetables and fruits from five Middle Eastern countries

Dubai closes $3bn of financing for airports expansion

The funds will be used to expand the Dubai International and Dubai World Central airports

Diego Maradona appointed new coach of Fujairah football club

The 56-year-old previously served as the manager of Dubai’s Al Wasl club for one season

Indian actor Shah Rukh Khan to shoot another Dubai Tourism ad

The actor is in the emirate to shoot the sequel to the #BeMyGuest campaign

What kind of news does a financial broker in the UAE need to read?

You need to keep up with the hard data, but you also need to stay abreast of industry insights, opinion and commentary

Dubai’s Arabtec reports first quarterly profit since 2014

The profit came on higher revenues of Dhs2.17bn in Q1

Merkel sees EU, Gulf states making progress on free trade deal

Trade between the EU and GCC amounted to EUR138bn in 2016

Saudi Aramco to boost oil loading capacity with reopened Muajjiz terminal

Aramco’s total loading and export capacity will rise to 15 million barrels per day

Qatar state-funded sports anti-corruption group lays off staff

The International Center for Sports Security (ICSS) reportedly asked 20 employees to leave

Dubai developer Nakheel reports flat Q1 net profit

The company handed over 412 land form and built form units during Q1 2017

Abu Dhabi’s Mubadala, Eshraq Properties mull real estate JV

The joint venture will look to develop plots owned by Mubadala on Al Maryah Island and by Eshraq Properties on Al Reem Island

Siemens to set up global logistics headquarters in Dubai

The new global HQ will include bases for Siemens’ airports, cargo infrastructure and ports teams

Oil climbs after reports that Saudi wants output cuts extended

Saudi reportedly wants to extend production cuts enacted in January for another six months

Saudis, oil majors discuss gas investments ahead of giant IPO

Aramco is preparing to reveal in the next few months a new gas strategy

Saudi to build massive new ‘entertainment city’ south of Riyadh

The project is expected to break ground in 2018 and open in 2022

Dubai’s P&O Ports wins 30-year concession in Somalia’s Puntland

The project includes a 450m quay and 5 hectare back up area

Up to 6,000 Pakistanis apply for Saudi amnesty in Jeddah, Madinah alone

The 90-day amnesty period began last week

Abu Dhabi’s Etihad says bookings to US ‘healthy’ despite laptop ban

Last month, the US introduced a ban on most electronics from the cabins of passenger flights from the Middle East

Saudi Aramco formally appoints banks to advise on IPO

JPMorgan Chase & Co, Morgan Stanley and HSBC have been appointed as international financial advisers