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

DP World acquires marine logistics provider Feedertech Group

DP World has a portfolio of more than 150 operations across 50 countries in six continents

Dubai Eye’s ‘Business Breakfast’ host Malcolm Taylor passes away

The long-term resident of the Middle East first visited Dubai in 1972

Ajman Free Zone ties up with LinkedIn to draw in investor interests

The agreement also includes Ajman Free Zone using the LinkedIn platform as a talent acquisition tool

Kuwait bans hiring of domestic workers from several countries

The list of countries from which domestic workers are banned, includes two Asian countries and 25 African ones

Arqaam shuts South African office as brokers pare back research

The company has been in Johannesburg since 2014

Dubai’s dnata to acquire remaining 50% shares in UK-based Alpha LSG

Alpha LSG has revenues of more than £290m, and employs 3,500 people in the UK

Saudi Arabia’s Prince Miteb passes away

Prince Miteb – the brother of Saudi Arabia’s King Salman bin Abdulaziz Al Saud – was born in 1931

More than 2,200 Omanis lost their jobs in 2019

The employees layoffs were from 18 main companies in Oman

Kuwait bourse IPO more than 8.5 times oversubscribed

The IPO of 50 per cent of the bourse to local citizens follows a 44 per cent sale earlier this year to a consortium of investors

Kuwait to invest as much as $1bn in Saudi Aramco IPO

Saudi Arabia is looking to raise more than $25bn by selling a 1.5 per cent stake in the world’s largest oil producer

Dubai’s DFSA, Luxembourg financial regulator sign agreement

This cooperation is Dubai Financial Services Authority’s eighth fintech agreement

UAE named top oil exporter to Japan in October

The UAE exported 32.24 million barrels of crude oil to Japan in October

Saudi Arabia takes over G20 presidency

Saudi Arabia will host the G20 Leaders’ summit on November 21 and 22, next year, in its capital Riyadh

Abu Dhabi’s Masdar to develop 400MW solar power projects in Armenia

Armenia has committed to produce 30 per cent of its electricity from renewable sources by 2025

UAE flag sets new world record to mark National Day

Skydivers are seen spreading the UAE flag in the air

Saudi Arabia’s cement industry on a growth trajectory

Cement production in the kingdom has been rising in the past three months

Select repair shops must obtain license to operate in Oman

Repair shops for refrigeration equipment, air conditioners and other equipment should secure a license in the sultanate

Dedicated lane for emergency and transport vehicles in Abu Dhabi

The new traffic rule is effective from Sunday, December 1

Dubai Gold and Commodities Exchange posted over 21.85 million contracts between Jan-Nov

The contracts, for the first 11 months of the year, valued in at over $400bn

Dubai’s Azizi Developments orders Tesla’s Cybertrucks for customer site visits

Azizi will use the vehicles to take its customers on site visits to its developments across Dubai

Aramco IPO bids reach $44.3bn as retail offer closes

The Saudi government plans to raise more than $25bn by selling a 1.5 per cent stake of the oil giant