Emirates Airline president Tim Clark to step down in June 2020

Clark will step down from June 2020, but will remain an advisor to Emirates

UAE car sharing app ekar launches in Sharjah

The pay-per-minute car-sharing service now has 200 vehicles operational in Sharjah

Saudi, Kuwait agree to resume oil output at neutral zone

The oil fields at the so-called neutral zone can produce as much as 500,000 barrels a day

Burj Khalifa[2] dubai

Dubai’s Emaar mulling sale of Burj Khalifa observation deck – report

The deal could raise up to $1bn for Emaar, a report by Reuters said

Dubai sets new ‘record’ for volume of real estate transactions in past 12 months – report

A total of 44,590 transactions were recorded between November 2018 and November 2019

New Saudi government tenders and procurement law takes effect

The law grants the contracting government authorities the right to recourse to arbitration to settle their commercial disputes

Bahrain extends VAT registration deadline for third phase

The deadline has been moved from December 20 to December 26 to enforce better compliance

Abu Dhabi billionaire BR Shetty’s NMC plans review after short seller attack

London-listed NMC’s stock lost 47 per cent last week after the report

Saudi court sentences five to death in Khashoggi murder case

In total, 11 people stood trial for the killing that took place at the kingdom’s consulate in Istanbul last year

UAE’s Sheikh Sultan appointed to the board of global esports body IESF

The International Esports Federation is also expanding into the Middle East

Abu Dhabi’s Etihad to launch new seasonal flights to Spain’s Malaga

Three weekly flights will operate via the Moroccan capital, Rabat, from June 26 to September 13, 2020

IPO bankers face headwinds from Silicon Valley to Saudi Arabia

The top global banks’ fees from equity capital markets transactions are set to fall as much as 15 per cent this year

Kuwait could reach deal with Saudi to resume oil output in neutral-zone before year-end

The neutral zone, which has been shuttered for at least four years, can produce as much as 500,000 barrels a day

Abu Dhabi’s Etihad Airways, Kuwait Airways sign new codeshare deal

The codeshare will cover selected routes operated by the airlines for travel starting in early January

Free video calling app ToTok no longer available in the UAE

Currently, all free voice over internet protocol (VoIP) services including Skype and WhatsApp calls are blocked in the UAE

Saudi Aramco stocks give up about half of gains since debut

Investors are seeking new catalysts for the stock after it was included in major emerging-market equity benchmarks

New Year holiday confirmed for UAE public and private sectors

Several celebrations have been planned across the country

Abu Dhabi toll gates to implement charges from Jan 2, no fee during non-peak hours

Previously, there were plans to charge a Dhs2 fee for crossing the toll gate during on-peak hours, on Fridays and during public holidays

Dubai developer MAG Development mulling IPO – report

The planned listing comes as MAG Development invests in a Dhs2bn project known as MAG City

Dubai’s RTA opens new roads leading to Expo 2020 site

The project includes the construction of a bridge extending 1.4km and roads stretching about 8km

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

UAE-based Shetty family lose $820m over Muddy Waters report

London-listed NMC called the Muddy Waters report “principally unfounded”

Twitter suspends 90,000 accounts in Saudi

Researchers traced the source of the coordinated activity to a Saudi-based social media and marketing company

Exclusive: Boursa Kuwait CEO on its privatisation agenda

Kuwait’s stock exchange is aiming to transform the market

Dubai will be the ‘fifth fashion week in the world’

Why more designers could be coming to UAE in the future

Saudi theatre stabbing was ‘ordered by Al-Qaeda,’- state TV

The victims, a woman and two men, were treated for superficial wounds

Kuwait stocks end year as the GCC favourite

The MSCI inclusion is expected to lead to inflows by passive investors of about $3.8bn

Deutsche Bank’s former compliance officer in Dubai fined, barred from working in DIFC

She was found guilty of withholding information from DIFC regulatory authority DFSA

Abu Dhabi’s Mubadala invests in Spanish food delivery platform Glovo

Mubadala was the lead investor in Glovo’s 150m euro ($167m) funding round

Noon founder Alabbar says Amazon ‘should go back to Seattle’

Global e-commerce giant Amazon began regional operations after acquiring Dubai-based Souq.com

UAE’s Etihad Rail awards Dhs4.6bn contract for next stage of national railway network

The new rail line will link the ports of Fujairah and Khorfakkan to the network at the Dubai border with Sharjah