Bank of America hires first investment bank head in Saudi

Bank of America is one of more than 20 institutions working on Saudi Aramco’s IPO

Saudi, UAE and Bahrain to attend Gulf Cup in Qatar

The three Gulf Arab states cut diplomatic and trade ties with Qatar in June 2017

UAE offers permanent residency to 2,500 expats

The UAE launched the permanent residency scheme for expatriates in May

Heavy rain in Oman leaves six workers dead

The workers were identified as Indian nationals

Theater performers stabbed during show in Saudi Arabia

The assailant, a 33-year-old Yemeni resident, stormed the stage and stabbed a woman and two men

Dubai announces school holidays for Commemoration Day, National Day

Schools will be closed for three days

Oman bans work visas for expats in certain sectors

The ban is applicable on private sector entities in the construction and cleaning work sectors

RTA signs Dhs1bn Sheikh Zayed Road advertising contract

A combination of digital and traditional outdoor signages will be installed across 26 locations along Sheikh Zayed road

Emirates introduces remote check-in terminal in Dubai for cruise travellers

During the next six months, 198 cruise ships are expected to arrive at Port Rashid and nearly 280,000 passengers will have onward Emirates flights

All Dubai taxi bookings will soon be done only via the Hala app

Customers will get a booking confirmation in less than 10 seconds, and a taxi in an average of 3.5 minutes

Abu dhabi uae capital flag

Sheikh Khalifa issues decree to form 40-seat Federal National Council

Half of the council’s members are women

UAE-based startup Trukker wins Saudi funds to expand in Middle East

The company’s $23m financing round is being led by STV, a $500m Saudi technology venture capital fund

Saudi grants first batch of permanent residencies to foreigners

The recipients come from 19 countries and include investors, doctors, engineers and financiers

BP, Total, Shell, Vitol take stakes in Abu Dhabi oil bourse

ADNOC wants the Murban futures contract to become a benchmark for crude from the Middle East

Abu Dhabi’s ADNOC to open 50 ‘smaller’ fuel stations, launch new loyalty programme

The new fuel stations are aimed at serving smaller neighborhood areas

Dubai Tram has served over 28 million commuters since launch

Dubai Tram completes five years of operations this November

Three ways Fintech is transforming everyday life

Wamda invests in UAE-based fintech to offer cash-on-delivery alternative

Up to 62 per cent of the region’s online consumers continue to prefer the cash-on-delivery (COD) option

New chairman appointed for UAE telco Etisalat

Obaid Humaid Al Tayer replaces Eissa Al Suwaidi, who has resigned

Sharjah royal calls for extended maternity leave in the UAE’s private sector

Sharjah became the first emirate in the UAE to grant a 90-day maternity leave to government employees

Aramco taps Saudi billionaires including Olayans, Prince Alwaleed for major IPO orders

Saudi is also leaning on friendly governments to drum up demand for the listing

Kuwait, Saudi stocks climb after MSCI review

Investors were also perusing the prospectus of Saudi Aramco’s initial public offering, which will take place in Riyadh

UAE’s Dana Gas collections increase 16.7% for first nine months

Collections worth $230m came in from its operations in Egypt, the UAE and Kurdistan region of Iraq

Video: Heavy rain and hail across UAE

Torrential rains, winds follow a weather alert issued for Sunday

Emiratis to secure 40% banking jobs in UAE

Currently, Emiratis constitute 26.1 per cent of the UAE’s banking workforce

Indian companies created 854,234 jobs in Dubai – report

Dubai has issued licenses to 246,737 Indian businessmen to set shop, strengthening bilateral ties

Dubai’s RTA to revamp three metro stations

Dubai Internet City, Damac Properties and UAE Exchange metro stations, will have improvement works carried out.

Aramco’s record IPO starts November 17

Analysts from 16 banks have offered a valuation on the company, ranging in estimates from $1.1 trillion at the bottom right up to $2.5 trillion

Tech transformation: Is Dubai closer to achieving its smart city ambitions?

As Dubai’s ambitious smart city strategy rapidly takes shape, industry players opine on the pace of change and challenges to adoption

Is the GCC set to see more startups in the space sector?

There’s a track record of successful investment in the space industry in the UAE