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Damac’s Ziad El Chaar on the company’s building boom

Damac Properties’ managing director Ziad El Chaar explains what is behind the company’s recent building boom

Why GCC businesses are adopting virtual reality solutions

The use of VR has become one of the most talked-about developments for businesses in recent years

Samsung Note 7 banned in all Dubai airports

Passengers have been warned that the device will be confiscated prior to boarding

Dubai’s Nakheel reports 22% rise in Q3 net profit

Profit was boosted by Nakheel’s retail, leasing and leisure businesses

UAE oil giant ADNOC to consolidate three firms in efficiency drive

Integration is expected to be completed by the end of 2017, ADNOC said

RAK government to ring-fence Massaad investments

The emirate is transferring purchases overseen by the former RAKIA CEO, who it accuses of a $1.5bn fraud

Abu Dhabi Airports to redevelop Seychelles International Airport

A Seychelles official said Abu Dhabi would help fund the redevelopment

Saudi Binladin receives new funds to pay workers

Binladin is said to have finished paying months of back pay to 70,000 workers

Iran oil exports hit pre-sanctions high on run-up in condensate shipments

Iran, along with Libya and Nigeria, is allowed to produce “at maximum levels that make sense” as part of any output limits

Abu Dhabi Ports awards terminal concession to China’s Cosco Shipping

The total concession area will span roughly 70 hectares with three berths

Oman restricts visas for Bangladeshi workers

Limits are being placed on unskilled Bangladeshi workers, according to reports

72,000 Saudi female graduates apply for just 5,000 education posts

Application deadlines extended after e-recruiter site inundated with applications

New index to be launched in Dubai to measure Arab reading habits

The index will be launched at the upcoming annual Knowledge Summit in Dubai

Saudi Shoura Council approves recruitment of male domestic workers from Bangladesh

The kingdom began recruiting female domestic workers from the country last year

Fox calls for greater UK, UAE trade ties during visit

UK trade secretary said the UAE had been highlighted for “big-ticket” export opportunities post Brexit

Oil up on Saudi, Russia meeting

Saudi crude exports rise to 7.622m bpd in July

The kingdom produced a record high 10.673 million bpd in July

Gulf relies on imports for 90% of food

Food security is a growing issue in the Gulf region

Iran supports any move to stabilise oil market – President Rouhani

Falling oil prices are “harmful to all countries, especially oil producers,” he said

Saudi accuses 32 people of spying for Iran

Two policemen shot dead in Saudi’s Dammam

The assailants remain unknown, according to reports

Qatar in talks for Tottenham Hotspur stadium sponsorship

Tottenham is said to have approached QIA regarding a stadium sponsorship deal

Dubai’s DEWA awards advisory contract for 200MW power plant

The contract for the 200MW CSP plant was won by a consortium led by KPMG

Libyan forces attack oil ports

The attacks were reportedly launched by forces loyal to eastern Libyan commander Khalifa Haftar

Dubai ranks high among world’s top 10 busiest airports in 2015

Dubai remained the world’s busiest airport for international passenger traffic

Cash crunch at Saudi Oger casts shadow over Lebanon’s Hariris

The troubles at Saudi Oger have also led to layoffs in Lebanon’s Future Movement

UAE announces Covid protocols for Eid Al Adha

Eid Al Adha 2016: Private sector holidays declared

Private sector workers will get three days off for Eid

Eid Al Adha holidays for UAE public sector announced

Public sector workers in the UAE will get one week off to celebrate Eid Al Adha this year

Dubai’s Nakheel to develop huge shopping mall in Nad Al Sheba

The mall will feature around 200 shops, restaurants and entertainment outlets

Olympic Committee condemns Kuwait after sports bodies dissolved

Tensions between the IOC and Kuwait have heightened in recent weeks

Iraq asks Saudi to replace its ambassador in Baghdad

The Iraqi foreign ministry has denied media reports of a plot to kill Thamer al-Sabhan

Saudi’s Binladin to clear all workers’ dues by September-end – report

The construction company has reportedly started repaying its workers