Saudi Aramco inches closer to Crown Prince’s $2 trillion valuation

Aramco’s capitalisation jumped from $1.71 trillion to $1.88 trillion at the end of the first trading session on Wednesday

VAT contributed 5.5% to UAE’s revenue in 2018

UAE’s overall revenue reached Dhs456bn in 2018, of which tax accounted for Dhs25bn

Abu Dhabi’s ADNOC, India’s Reliance sign up for potential JV

The agreement entails exploring the development of an ethylene dichloride facility in Abu Dhabi

Profit at Abu Dhabi's Mubadala climbs 12.4%

Mubadala Capital seeks to double third-party funds to $6bn

Mubadala Investment is aligned with Abu Dhabi’s efforts to diversify its economy by investing oil returns into profitable businesses

Aramco hits market value of $1.88 trillion, elevates Saudi bourse to world’s ninth-biggest

Aramco raised $25.6bn in the biggest-ever IPO, making it the world’s most valuable listed company

UAE weather alert: Schools closed as rains, strong winds hit parts of the country

The lowest temperature posted across the UAE on Wednesday was 9.5°C in Jais Mountain

First smartphone-based MBA launched for students in Dubai

Smart Dubai launches 40-minute residency visa service

Close to 350 people have already used the Dubai Now app for the issuance or renewal of residency visas for their dependants

Over one million passengers expected to pass through DXB this weekend

Travellers have been advised to arrive at least three hours before departure

Oman’s SalamAir begins flights to Thailand

SalamAir will initiate flights from Muscat to Phuket thrice a week

How Saudi Arabia intends to spend its Aramco IPO proceeds

Finance minister Mohammed Al Jadaan said that the kingdom’s sovereign wealth fund expects to invest significant amounts in the domestic economy

What to expect in Saudi Arabia’s next budget?

Pre-budget figures announced in October see economic growth increasing to 2.3 per cent from 0.9 per cent in 2019

Dubai’s RTA signs agreement to develop digital plates

The digital plates will also be able relay information regarding traffic congestions to central control rooms

Mubadala’s CEO Khaldoon Al Mubarak builds $229bn fund for post-oil era

He has risen to become one of the most trusted advisers of the ruling Al Nahyan family

Saudi Aramco’s shares to begin trading on December 11

Saudi Arabia sold only 1.5 per cent of the company’s capital in the IPO

Saudi Arabia is dropping gender rules for restaurant entrances

The kingdom is ending the requirement that restaurants have two separate entrances

Abu Dhabi’s ITC to launch Dhs100m Saih Shuaib-Al Faya road project

Al Faya-Saih Shuaib road is one of the main trucks roads between Dubai, Abu Dhabi and Al Ain

UAE’s Ministry of Education announces winter holidays for private, public schools

A separate KHDA directive has stated that all private schools in Dubai are expected to resume classes on January 5

Sheikh Mohammed announces next edition of UAE astronaut programme

Emiratis above 18 who are university graduates and proficient in Arabic and English are eligible to apply

UAE’s Emirates celebrated 50 years of Dubai Rugby Sevens

The 50th edition of the Dubai Rugby Sevens took place from December 5-7

Rain hits part of the UAE; NCM issues alert for hazardous weather

The UAE recorded its lowest temperature of 9.8°C in the Jais mountain at 2.45am on Sunday

Dubai’s RTA leads in bus operations globally

RTA public buses have clocked an operation rate of 89 per cent

Sheikh Mohammed exempts financially distressed citizens from repaying housing loans

The exemption includes those Emiratis who earn a monthly income of less than Dhs15,000, and families of deceased citizens

Why Kuwait has to adapt and change now

Diversification is no longer an option for Kuwait

Can the higher committee of real estate control Dubai’s housing supply?

The committee aims to create a comprehensive plan for the emirate’s real estate sector and to add value to projects

AquaChemie to build Dhs150m chemical terminal at Jebel Ali Port

The facility will position itself as a strategic gateway hub to help conduct petrochemical trade across the GCC region and further

UAE’s central bank does not endorse private cryptocurrency trading platforms

The bank added that it believes that private cryptocurrencies pose potential risks related to price volatility, money laundering and terrorist financing

Kuwait’s Jazeera Airways introduces direct flights to Dammam, Saudi Arabia

Dammam will be the airline’s fifth destination in the kingdom, following Riyadh, Jeddah, Medinah and Taif

Dubai’s RTA defers complete migration of taxi bookings to the Hala platform

Users will now be able to book a taxi via the Hala service from January 15 next year instead of December 7

Oman Oil Company to sell 20-25% stake by end of 2020

It could become the second state-backed oil producer in the GCC to be listed after Saudi Aramco’s IPO this month

Courier app Fetchr raises $10m in emergency funding

Fetchr was valued at almost $300m during its latest fund-raising round in 2017