Profit at Abu Dhabi's Mubadala climbs 12.4%

Abu Dhabi fund Mubadala sees commodities ‘fizzle’ due to coronavirus

The new coronavirus is hurting economic expansion as airlines cancel flights and factories look elsewhere for components they would have bought from China

Dubai’s Damac Properties posts net loss for 2019

The developer reported a net loss of Dhs36.9m for 2019

Malaysia’s largest Islamic bank Maybank launches first overseas branch in Dubai’s DIFC

The lender will focus on corporate financing, treasury and capital markets and trade finance

Swarms of locusts invade Oman

The sultanate is suffering from its worst locust infestation since 2014

Dubai’s Operation Falafel to expand to New York, London, Paris

The restaurant brand expects to roll out its first unit in New York by Q2 2020

Saudi wealth fund leads fundraising for online used car trader

A unit of Saudi Arabia’s sovereign wealth fund is leading a $35m funding round for Dubai-based SellAnyCar.com

Coronavirus update: UAE confirms 8th case

The eighth case of the new coronavirus in the UAE is that of an Indian national who had interacted with a recently infected person

Dubai’s Emirates Investment Bank appoints new CEO

Former CEO Khaled Sifri, who joined the bank in 2008, resigned from his role in May 2019

Saudi issues weather warning with temperatures set to drop below zero degrees

Parts of the kingdom were covered in snow last month when temperatures dropped

UAE’s NMC gets takeover approaches, chairman suspended from board discussions

NMC shares have fallen more than 70 per cent since the Muddy Waters report came to light

Dubai’s Aramex posts flat 2019 net profit

The logistics and transportation service provider posted net profit of Dhs497.4m in 2019, compared to Dhs492.6m in 2018

Majority of UAE residents feel Expo 2020 will boost economy – survey

As many as 49 per cent feel that the Dubai Expo will enhance the country’s reputation as a business hub while 48 per cent feel it will lead to creation of more jobs

Kuwait to stop issuing new driving licences to expat students, nurses

The decision is reportedly aimed at reducing traffic congestion on the roads

UAE’s Air Arabia posts 80% net profit rise in 2019

Air Arabia served more than 12 million passengers from its hubs in the UAE, Morocco and Egypt in 2019, compared to 11 million passengers in 2018

Chinese woman with coronavirus in the UAE makes ‘full recovery’

Liu Yujia, 73, has now tested negative for the virus

Saudi’s STV hires from Google to help build tech unicorns

Ian Jakovljevic will join Saudi Arabia’s STV as chief development officer next month

594 million use public and shared transport in Dubai in 2019

The share of public transport and shared mobility in people’s journeys scaled from 6 per cent in 2006 to 18.1 per cent in 2019

Dubai’s Emirates cancels flight to London due to Storm Ciara

Dozens of airlines have cancelled flights to London due to weather disruptions

UAE banks start process of recovering money from defaulters in India – report

At least nine banks from the UAE have reportedly initiated legal action against defaulters in India to recover around $6.9bn

UAE’s Brooge plans to expand storage and refining capacity

Brooge has signed an agreement to lease out 450,000 square metres of land to Fujairah Oil Industrial Zone (FOIZ)

First Abu Dhabi Bank becomes latest UAE lender to cut jobs

The UAE-based bank dismissed hundreds of employees in recent weeks across several divisions

Kardashian friend to help Saudis seal Newcastle United deal

Carla DiBello, an entrepreneur friend of the reality television star, is advising PIF on the proposed acquisition of the soccer team

Coronavirus update: UAE confirms two new cases; total tallies seven

China reported a total of 37,198 coronavirus cases less than two months after the virus surfaced in Wuhan

Ivanka Trump to headline Dubai summit, meet Mideast leaders

Ivanka Trump will speak about opportunities for women in business at the Global Women’s Forum

Saudi’s Bateel dates is offering a healthier alternative to chocolate this Valentine’s Day

Contrary to popular perception, Saudi Arabia is the unlikely source of a luxurious, if unconventional, Valentine’s Day gift

The rise of the GCC’s hospitality sector

Executives at the Radisson Hotel Group explain why they remain bullish about growth prospects of the hospitality industry in the GCC region

What’s next for Oman’s economy?

As Sultan Haitham bin Tariq Al Said takes charge in Oman, Georgia Tolley describes the challenges the GCC state faces and potential ways ahead

Saudi Arabia suspends travel to China on coronavirus fears

Any citizen found flouting the rule would be held accountable, while foreign residents would not be permitted to re-enter the country if they travelled to China

Saudi Aramco slashes oil prices in Asia as virus causes demand shock

The coronavirus managed to wipe out 20 per cent of oil consumption in China