Saudi evacuating its citizens from Wuhan as coronavirus spreads across China

The city of Wuhan, the epicentre of the virus, is currently under lockdown

Dr B.R. Shetty, Founder and Co-Chairman of Finablr, at the London Stock Exchange[2] copy

UAE-based BR Shetty’s fortune drops by $1.5bn since Muddy Waters attack

The family’s troubles began last month when Block’s Muddy Waters Capital issued a report criticising NMC’s accounts

Saudi-led investor group said to be in talks to buy Newcastle United

The investor group has reportedly shown intent to purchase the soccer team, owned by British billionaire Mike Ashley, for $445m

Four signs to suggest that your business is a success

As a business owner, it can be tricky to see past the stress and the struggle. These four signs should help entrepreneurs assess their growth trajectory

E-commerce paving the way for the future of retail and more

A special report on the state of the e-commerce industry in the region outlining its most recent innovations, challenges that lie ahead and the way forward

Power Letters 2020: Abdullah Al-Dawood, board member and group CEO of Seera Group

“The kingdom’s tourism strategy is backed by astonishing infrastructure investments to the tune of $1.1trillion over the next 20 years”

Power Letters 2020: Maryam Eid AlMheiri, vice-chair, twofour54

“AI and data analytics are creating new levels of personalisation in media”

Dubai to thermal screen all passengers coming from China

About 3.7 million passengers from China traveled to Dubai’s airport last year

Dubai welcomes 16.73 million tourists in 2019

India, Saudi Arabia and the UK remained the emirate’s top source markets

Dubai reveals new holiday home regulation

Dubai Tourism Authority issues new guidelines for holiday homes sector

The new resolution, outlining rules for operators, homeowners and authorised tenants, has been developed to diversify the tourism sector in the emirate

Damac sees Dubai property prices at ‘rock bottom’ as curbs work

In October last year, Damac chairman Sajwani had warned that the real estate slowdown could spillover to the city’s banks and called for curbs on construction

Dubai’s DIB completes Noor acquisition to create one of the world’s largest Islamic banks

Following the acquisition Dubai Islamic Bank has total assets exceeding Dhs275bn

UAE ‘completely free’ of new coronavirus – ministry

The coronavirus has killed at least 17 people and infected hundreds of others

Flydubai considering leasing options after further 737 Max delay

It has extended its wet lease agreement for four Boeing 737 NG aircraft till February 29 to increase capacity

UAE’s Al Nowais plans $500m renewable energy fund

According to Al Nowais, his company AMEA Power, will raise about $300m in initial funding within the next three months

Aramco international listing ‘still on the cards’ – minister

The oil giant raised $29.4bn in the world’s biggest-ever initial public offering, selling shares at 32 riyals each

Saudi says reports that kingdom was linked to Bezos phone hacking are ‘absurd’

The kingdom has urged for an investigation into the matter

Revealed: Top 10 most popular brands in UAE in 2019

Dubai carrier Emirates has emerged as the most popular brand in the UAE in 2019

Dubai crown prince Sheikh Hamdan

Dubai government employees to get an average salary hike of 10%

Provisions have also been made for flexible working hours, telework and part-time employment

Saudi issues $5bn of bonds as regional tensions ease

Saudi Arabia’s fixed-income assets have been more resilient than those elsewhere in the Middle East

Dubai airline Emirates looking to hire cabin crew in the UAE

The airline will be holding a recruitment event in the country

Revealed: Top 10 destinations with lowest cost of moving from the UAE

Egypt remains the cheapest international destination for relocation for UAE residents, carrying the lowest average cost of shipping

Saudi Arabia kicks off three-part dollar bond offering

The kingdom last sold bonds in October when it raised a $2.5bn sukuk

Dubai developer Nakheel appoints new chairman

Mohammed Ibrahim Al-Shaibani will replace Ali Rashid Lootah, who has resigned from his role

gavel

Indian courts can now execute UAE civil case verdicts in a ‘significant’ move

Bank loan defaulters in the UAE can now be prosecuted in India

Dubai developer Nakheel’s chairman to step down – report

Ali Rashid Lootah was hired as head of the developer in 2010, replacing Sultan Ahmed Bin Sulayem

DP World CEO remains bullish on growth prospects in Africa, India

The Dubai-based ports operator doubled its capacity at Egypt’s Sokhna port

How to ‘sell like a rockstar’ in Dubai

Sales is an action sport – you need to get out and do it, says expert trainer Mark Dickinson

Top 10 ‘in-demand’ job roles in the UAE and the salaries they offer

Employers are seeking candidates with specialist skills, industry experience, and systems knowledge

Dubai’s fuel delivery service Cafu expands to Oman

Oman remains the company’s first international market since it commenced services in the UAE in 2018